Staking
How to Stake Tezos (XTZ) and Earn Rewards Using Trust Wallet
Share post
In Brief
Learn how to earn rewards for staking Tezos XTZ using Trust Wallet. This step-by-step guide will show you how to stake, unstake, and claim rewards.
Trust Wallet, available as a mobile app and Chrome Extension, is a simple-to-use, self-custody crypto wallet and gateway to Web3 for people who want to fully own, control, and leverage the power of their digital assets. Trust Wallet allows you to store and manage your crypto and NFTs, buy, sell, and stake crypto to earn rewards, access dApps securely and much more—all in one place. Additionally, features like the Trust Wallet Security Scanner help to keep your entire Web3 experience safe.
In this guide, we’ll focus on the staking feature, and specifically how to stake XTZ.
Key details for staking XTZ using Trust Wallet
Minimum amount required for staking: Depends on the validator chosen.
Lockup period for staking: No lock period.
Staking yield (APR): Please see rates listed in the ‘Earn’ section of the Trust Wallet app.
Trust Wallet does not control the minimum amount, lockup period, or staking rate.
What is staking?
Staking is a method of supporting a proof-of-stake (PoS) or a delegated proof-of-stake (dPoS) blockchain network by holding and "staking" a specific cryptocurrency. This activity contributes to various functions within the network such as transaction validation, upholding the network's security, and refreshing the blockchain. In return for their staking commitment, participants can earn staking returns, somewhat like earning interest in a traditional banking system.
What is Tezos (XTZ)?
Tezos (XTZ) is a blockchain platform for smart contracts and decentralized applications, akin to Ethereum. However, Tezos sets itself apart with its on-chain governance model, which allows network upgrades without needing hard forks. The Tezos network uses its native token XTZ for transaction processing and governance voting. Tezos also supports formal verification, a technique used to improve the security and correctness of code. XTZ holders participate in the network's unique governance model and can stake their tokens to secure the network and earn rewards.
Before you stake XTZ using Trust Wallet
Before we dive into how to stake XTZ using Trust Wallet, you’ll need to create a wallet if you don’t already have one. Trust Wallet is available as a mobile app or you can get the Trust Wallet Extension for your desktop web browser. In this example, we’ll set up a new wallet using the Trust Wallet Mobile App.
Step 1: Download the latest version of the Trust Wallet App.
Step 2: Set up your new wallet
Open the Trust Wallet app, and choose the option to ‘Create a new wallet.’
Select an option to back up your wallet.
Go through the instructions to start using your wallet.
Tip: If you already have a wallet that’s not Trust Wallet, you can choose to import that wallet. In this case, you’d choose the “I already have a wallet” option.
Step 3: Ensure you have XTZ in your wallet
You’ll need XTZ in your Trust Wallet before you stake it, so use the appropriate instructions below to get XTZ into your wallet.
Use these instructions to deposit XTZ into your wallet.
Use these instructions to buy XTZ directly in your Trust Wallet.
How to stake XTZ using Trust Wallet
To stake XTZ, do the following:
Select the “Earn” button from the main wallet page.
Select “XTZ Tezos”.
Select “Stake”.
Choose the amount you want to stake and choose the validator you want to use by selecting the Validator dropdown.
Once you choose a validator, then select “Continue”.
Follow the remaining instructions to confirm your stake.
Frequently asked questions about staking XTZ using Trust Wallet
How much do you earn staking XTZ?
Staking rates may vary depending on the network, and the rate is not set or controlled by Trust Wallet. You can check the current rate anytime from within the app.
Note: Validators and delegators help secure the network through staking and will sometimes charge a commission for their services. This is neither controlled by Trust Wallet nor does Trust Wallet take any proportion of this commission.
What is the minimum amount to stake XTZ?
The minimum stake amount depends on the validator chosen.
What is the lockup period when I stake XTZ?
There is no lockup period for XTZ.
How do I unstake XTZ on Trust Wallet?
To unstake XTZ, do the following:
Go to ‘Earn’ from the main wallet page, and choose XTZ.
Then choose Unstake and follow the instructions to confirm the unstaking process.
How do I claim my rewards?
Go to ‘Earn’ from the main wallet page, and choose XTZ.
Select the option to claim rewards and follow the instructions.
What is the best wallet to stake XTZ?
Many people wonder where the best place to stake XTZ is. Trust Wallet is a great option because it allows you not only to stake your XTZ to earn rewards directly with the protocol, but you can also claim your earned crypto directly within the wallet and store it safely.
Join the Trust Wallet community on Telegram Follow us on Twitter Instagram Facebook Reddit
Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.