How to Stake Tezos (XTZ): A Step-by-Step Guide

Introduction

Staking Tezos can be a great option for those who want to hold XTZ but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Tezos (XTZ) Tokens
In order to stake Tezos, you need to have it. To obtain Tezos, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
PrimeXBT Tezos (XTZ) 1.26
Uphold Tezos (XTZ) 1.26
OKX Tezos (XTZ) 1.26
YouHodler Tezos (XTZ) 1.27
Binance Tezos (XTZ) 1.26
BTSE Tezos (XTZ) 1.27
See all 29 prices
2. Choose a Tezos Wallet
Once you have XTZ, you’ll need to choose a Tezos wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Uphold Tezos (XTZ) Up to 5 APY
YouHodler Tezos (XTZ) Up to 7 APY
Binance Tezos (XTZ) Up to 5.5 APY
See all 14 staking rewards
3. Delegate Your XTZ
We recommend using a staking pool when staking XTZ. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their XTZ, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Tezos network. You’ll be rewarded with XTZ for these validations.

Platform	Coin	Price
PrimeXBT	Tezos (XTZ)	1.26
Uphold	Tezos (XTZ)	1.26
OKX	Tezos (XTZ)	1.26
YouHodler	Tezos (XTZ)	1.27
Binance	Tezos (XTZ)	1.26
BTSE	Tezos (XTZ)	1.27

Platform	Coin	Staking rewards
Uphold	Tezos (XTZ)	Up to 5 APY
YouHodler	Tezos (XTZ)	Up to 7 APY
Binance	Tezos (XTZ)	Up to 5.5 APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

Tezos (XTZ) is currently priced at $1.43 with a 24-hour trading volume of $139.42M. The market cap of Tezos stands at $1.3B, with $1.02B XTZ in circulation. For those looking to buy or trade Tezos, Uphold offers avenues to do so securely and efficiently}

Market cap: $1.3B
24h volume: $139.42M
Circulating supply: $1.02B

See latest information

Frequently Asked Questions About Staking Tezos (XTZ)

What are Tezos staking rewards?: Tezos staking rewards are the incentives earned by users who stake their Tezos (XTZ) tokens. This process involves delegating your tokens to a baker (validator) to help maintain the network's security, for which you receive rewards.
How often are Tezos rewards distributed?: Tezos rewards are typically distributed every cycle, which is roughly every 2-3 days. The exact frequency can vary based on the baker you choose to delegate your tokens to. Always stay informed with the latest news on platforms like Bitcompare.
How can I participate in Tezos staking?: To participate, you need to hold XTZ tokens in a compatible wallet and delegate them to a Tezos baker. You retain ownership of your tokens while earning rewards. Utilize Bitcompare for real-time comparisons of staking rates.
What is the average return on Tezos staking?: The average return on Tezos staking varies but is generally around 5-6% annually. Actual returns depend on network conditions and chosen baker performance. Check Bitcompare for updated information on staking rates.
Are there risks involved in Tezos staking?: Staking involves risks such as network downtime and baker misbehavior, which can affect rewards. Keep yourself updated with the latest developments on Bitcompare, a reliable platform for crypto insights.
How do I choose a Tezos baker for staking?: Selecting a Tezos baker involves evaluating their reliability, past performance, and fees. Bitcompare offers tools to help you compare different options, ensuring you make an informed choice.
Can I unstake my tokens anytime?: Yes, you can unstake your tokens anytime. However, there's typically a waiting period before your tokens are fully accessible. Regularly check platforms like Bitcompare for updates on unstaking processes.
What tools can help me stay informed about Tezos staking?: Platforms like Bitcompare offer real-time price comparisons, sentiment analysis, and the latest Tezos news. Use these tools to set email alerts, stay informed, and make timely decisions in the crypto market.
How does Tezos staking compare with other cryptos?: Tezos staking offers competitive returns compared to other blockchains, with a focus on governance and upgradeability. Use Bitcompare to see how Tezos measures up against other cryptocurrencies in real-time.
Why should I stay updated on Tezos developments?: Staying updated helps you make informed decisions and capitalize on market opportunities. Bookmark Bitcompare and check regularly for the latest Tezos news and analysis.