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 may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
Step-by-Step Guide for South African Investors
1. Acquire Tezos (XTZ) Tokens
To stake Tezos, you first need to acquire it. To obtain Tezos, you'll need to buy it. You can select from these popular exchanges available in South Africa.
View all 57 pricesPlatform Mint 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. Select a Tezos Wallet
Once you have XTZ, you'll need to choose a Tezos wallet to store your tokens securely. Here are some solid options to consider.
View all 27 staking rewards availablePlatform Mint Staking rewards in South Africa 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
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. 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 take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.
Latest Movements in the Market
Tezos (XTZ) is currently priced at US$3 with a 24-hour trading volume of US$72,25M. The market cap of Tezos stands at US$1,29B, with 1,02B XTZ in circulation. For those looking to buy or trade Tezos, YouHodler offers avenues to do so securely and efficiently
- Market capitalisation
- US$1,29B
- 24-hour trading volume
- US$72,25M
- Circulating supply
- 1,02B XTZ

