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) 1.28
Uphold Tezos (XTZ) 1.28
OKX Tezos (XTZ) 1.28
YouHodler Tezos (XTZ) 1.28
Binance Tezos (XTZ) 1.29
BTSE Tezos (XTZ) 1.28
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
Ledger Tezos (XTZ) Up to 3 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)	1.28
Uphold	Tezos (XTZ)	1.28
OKX	Tezos (XTZ)	1.28
YouHodler	Tezos (XTZ)	1.28
Binance	Tezos (XTZ)	1.29
BTSE	Tezos (XTZ)	1.28

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
Ledger	Tezos (XTZ)	Up to 3 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 $3 with a 24-hour trading volume of $121.58M. The market cap of Tezos stands at $1.31B, 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: $1.31B
24h volume: $121.58M
Circulating supply: $1.02B

See latest information

Frequently Asked Questions About Staking Tezos (XTZ)

What is Tezos staking?: Tezos staking involves holding and delegating your XTZ to a baker (validator) who validates transactions and secures the network. In return, you earn rewards. It's a key feature of Tezos' proof-of-stake model, allowing holders to earn passive income while supporting network operations.
How are Tezos staking rewards calculated?: Tezos staking rewards are calculated based on factors like the amount of XTZ you stake, the total network participation, and your baker's performance. Rewards can fluctuate due to network dynamics and changes in staking parameters.
When do I receive my staking rewards?: Tezos staking rewards are distributed at the end of each cycle, usually every three days. However, it may take a few cycles for a new staker to start receiving rewards. Regular updates ensure you know exactly when rewards are credited.
What are the risks involved with Tezos staking?: Staking risks include potential loss from baker misperformance or network instability. Rewards may vary due to changes in network parameters. Stay informed using Bitcompare's analysis tools to mitigate uncertain scenarios.
Can I unstake my Tezos at any time?: Yes, you can typically un-delegate your Tezos at any time. However, the unbonding process might take a few cycles, during which your tokens won't earn rewards. Stay updated on your staking status using versatile crypto tools.
Are there any fees associated with Tezos staking?: Fees may apply when delegating to a baker, often a percentage of staking rewards as their commission. The rate varies between bakers. Verify these costs using trusted resources like Bitcompare for detailed fee structures.
Why should I check Bitcompare for Tezos information?: Bitcompare is a trusted platform offering tools like real-time price comparisons, email alerts, and sentiment analysis. Bookmark their page for Tezos news to make informed decisions in the fast-paced crypto market.
How can I maximize my staking rewards?: To maximize staking rewards, choose a reputable baker with low fees and the potential for high performance. Stay updated with Bitcompare's insights to adjust your strategy based on market trends and changes.
What is the minimum amount needed to stake Tezos?: There's usually no strict minimum for delegating Tezos, but each baker may set their own threshold. Check with potential bakers for specific requirements. Use Bitcompare tools to find viable options matching your holdings.