Category:

Tutorial

Duration: 5:34

1,021 views

13

Learn How To Stake Tezos Directly on Ledger Wallet (Tutorial).

Tezos is a popular proof of stake coin https://coinsutra.com/proof-of-stake-cryptocurrencies/

And now you can stake Tezos using various methods such as:

Exchanges:

Binance: https://coinsutra.com/go/binance/
Kraken: https://coinsutra.com/go/Kraken/

Or Using a popular hardware wallet like Ledger

In this tutorial, you will learn how you can stake Tezos (XTZ) on Ledger Live.
I'm using a Ledger Nano X.

Things to know:

• It takes 21 days (7 cycles) until your XTZs are eligible to earn rewards
• Then you need to wait another 15 days (5 cycles) until they become liquid and can be paid out.
• After the initial waiting period of five weeks, you can expect to payout every cycle (~ 3 days).

Is there a risk to stake Tezos?
Delegating Tezos is safe. The user keeps control over his private keys and never loses ownership over the assets. Delegating your assets from a hardware wallet provides you with another layer of unbreakable security.


Why should I delegate?
Once you delegate Tezos assets, you are participating in the proof-of stake mechanism. For assisting in this, you get part of the rewards provided by the protocol. If you are planning to hold on to XTZs for some time, delegating will help you accumulate more XTZs while contributing to the network.


This video was brought you by Coinsutra.

Join the most popular Bitcoin community: https://Coinsutra.com