How to Stake Tezos (XTZ)

Introduction

Staking Tezos can be an excellent choice for those looking to hold XTZ while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Tezos (XTZ) Tokens

   To stake Tezos, you first need to acquire it. To obtain Tezos, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   PrimeXBT	Tezos (XTZ)	0.44 APY
   YouHodler	Tezos (XTZ)	0.44 APY
   Binance	Tezos (XTZ)	0.44 APY
   BTSE	Tezos (XTZ)	0.44 APY
   Coinbase	Tezos (XTZ)	0.44 APY
   OKX	Tezos (XTZ)	0.74 APY

   See all 57 prices in Uganda

2. 2. Select a Tezos Wallet

   Once you have XTZ, you'll need to select a Tezos wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   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

   View all 27 staking rewards available.

3. 3. Delegate Your XTZ

   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, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.