Introduction
Staking Tezos can be an excellent choice for those looking to hold XTZ while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
Step-by-Step Guide for Indian Investors
1. Acquire Tezos (XTZ) Tokens in India
To stake Tezos, you first need to acquire it. To obtain Tezos, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
See all 57 ratesPlatform Coin Cost PrimeXBT Tezos (XTZ) 0.57 YouHodler Tezos (XTZ) 0.57 Binance Tezos (XTZ) 0.57 BTSE Tezos (XTZ) 0.57 Coinbase Tezos (XTZ) 0.57 OKX Tezos (XTZ) 0.74 2. Choose a Tezos Wallet in India
Once you have XTZ, you'll need to choose a Tezos wallet to securely store your tokens. Here are some reliable options available in India.
View all 27 staking rewards available in IndiaPlatform Coin Staking rewards in India YouHodler Tezos (XTZ) Up to 7% APY Uphold Tezos (XTZ) Up to 2.82% APY Atomic Wallet Tezos (XTZ) Up to 5.8% APY Binance Tezos (XTZ) Up to 29% APY 3. Delegate Your XTZ in India
We recommend using a staking pool when staking XTZ. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their XTZ, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Tezos network. For these validations, you will be rewarded with XTZ.
What to Keep in Mind
When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
Latest Trends in India
Tezos (XTZ) is currently priced at $3 with a 24-hour trading volume of $7.23Cr. The market cap of Tezos stands at $128.7Cr, with 102.38Cr XTZ in circulation. For those looking to buy or trade Tezos, YouHodler offers avenues to do so securely and efficiently
- Market capitalization
- $128.7Cr
- 24-hour trading volume
- $7.23Cr
- Circulating supply in the market
- 102.38Cr XTZ
