4 Top Places For Staking Tezos (XTZ) And Earning Rewards

Staking tezos allows investors to earn passive income by participating in the validating of the transactions on the network and in our today’s XTZ news we are going to show you 4 top places for staking Tezos and earning rewards.

In order to start the staking Tezos process, you will have to choose between these 4 top places like using Ledger’s Nano X wallet, Coinbase, Atomic Wallet, and binance.

In order to stake Tezos coins on Ledger, you will have to visit the website and download the Ledger Live app. After installing the app you will have to create an account or choose an existing one if you already have one. Then, you will enter the amount of Tezos to delegate to the network and all there’s left to do is confirm the transaction and begin staking. The easiest way to stake XTZ on the ledger is to delegate your staking power on your behalf and you will retain ownership of the coins while staking the asset safely.

Then, you can choose Binance as the biggest exchange by trading volume and millions of users across the world. Binance offers 25 staking products for XTZ and allows free staking rewards by depositing and holding coins on the platform. There are also no fees to stake coins but you have to have at least 1 XTZ to be eligible to start staking. Users can choose to stake Tezos while waiting for a trade. You will have to create or log in to your account and navigate to Finance at the top and click “staking.” Select XTZ from the staking menu, deposit funds, and store the coins on the wallet and earn the staking rewards.

Up third we have Atomic Wallet as a decentralized online crypto wallet that supports more than 500 coins and tokens. the wallet allows for safe and convenient means to store digital assets. The expected ROI For staking XTZ is 7% which is comparable to other staking exchanges and wallets. In order to become eligible for staking rewards, you will have to have 1 XTZ minimum in your wallet. Using the wallet, users can stake Tezos with no fees and will be able to receive rewards right ot the wallet from the baker. The rewards from the bakers that verify transactions are passed onto the crypto holders with no intermediaries. Unlike the Ledger Live app, there’s no hardware wallet integration possible so it is important to keep a safe back-up passphrase or password so it means that you are the one responsible for the security of the wallet.

And finally, we have Coinbase as the most trusted exchange with more than 35 million people in more than 100 countries using it. the exchange introduced staking for its US Customers with staking rewards up to 5.00%. Tezos coins have to be stored on Coinbase wallet to start staking which allows switching the asset from staking to spot trading and vice-versa. Staking here will incur a small commission fee.