Where and How to Stake Binance-Peg Tezos Token (XTZ)

Introduction

Staking Binance-Peg Tezos Token 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. 1. Obtain Binance-Peg Tezos Token (XTZ) Tokens

   In order to stake Binance-Peg Tezos Token, you need to have it. To obtain Binance-Peg Tezos Token, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Binance-Peg Tezos Token (XTZ)	1.09
   Kraken	Binance-Peg Tezos Token (XTZ)	1.15
   Kucoin	Binance-Peg Tezos Token (XTZ)	1.16

2. 2. Choose a Binance-Peg Tezos Token Wallet

   Once you have XTZ, you’ll need to choose a Binance-Peg Tezos Token wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Kucoin	Binance-Peg Tezos Token (XTZ)	Up to 2 APY

3. 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. 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 Binance-Peg Tezos Token network. You’ll be rewarded with XTZ for these validations.

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.