Best Tezos XTZ Staking Rewards and Interest Rates
Welcome, in this article we list all the best Tezos XTZ staking rewards possibilities.
Also, we discuss risks vs rewards in the end since crypto risk management is important to handle when you start investing your cryptocurrencies.
In this article we focus on Tezos XTZ but if you have other idle cryptocurrencies, you should check how to earn crypto passive income.
What is Tezos?
Tezos (XTZ) is a blockchain network linked to a cryptocurrency.
Tezos is based on a proof-of-stake (PoS) consensus mechanism.
What problem does Tezos Solve?
All cryptocurrencies suffer from limitations in one way or another.
For Ethereum and Bitcoin such limitations have been regarding scaling and security. They have been fixed through significant upgrades to the network, sometime by a hard fork. A hard fork is very riskfull for the network since it often creates disruption and community division (Examples are Bitcoin Cash and Ethereum Classic).
The Tezos blockchain (XTZ) solves this problem by functioning as a self-amending blockchain network.
A simple example of this is that Tezos have implemented a system where users can vote on important network changes that can implement themselves without the need for hard forks.
Best Tezos Staking Rewards and interest rates
In the table below we list all the best Tezos (XTZ) staking rewards. Here, you will find some of the largest crypto exchanges like Binance, Coinbase and Kraken.
Below the table we discuss the pros and cons of each of these Tezos staking services.
Company Reviews
Interests
Invest
Binance Best Tezos XTZ staking reward
Binance is offering the best Tezos (XTZ) staking reward. Binance is the largest crypto exchange in the world and has competitive interest rates for all cryptocurrencies in their Binance Earn program.
Especially, with Binance high yield program you can earn extreme good yields on some cryptocurrencies.
Pros with Binance staking
- Highest rewards
- Most
Cons with Binance staking
- Binance uses lockup periods of 15, 30, 60 and 90
- Different rates for different lockup periods
- A certain lockup period can be out of stock
Kraken 2nd Best Tezos XTZ staking reward
Kraken is offering the 2nd best Tezos (XTZ) staking rewards. However, since Binance doesn´t support US customers, Kraken is the best alternative for US citizens.
Pros with Kraken staking
- No lockup periods
- The highest fixed returns in the industry for US citizens
- Payouts twice a week
Coinbase 3th Best Tezos XTZ staking reward
Coinbase is offering the 3th best Tezos (XTZ) staking reward as an exchange. Coinbase is focusing on being a beginner friendly and regulated exchange.
In many cases, Coinbase charges higher fees or, as in this case, lower rewards for it´s customers.
Still, Coinbase is a great platform for newbies but it comes to a cost.
Pros with Coinbase staking
- Many people do already have their cryptocurrency holdings on Coinbase and earn nothing
- Coinbase is very user-firendly
Cons with Coinbase Staking
Currently, in June 2021, the following countries are eligible for staking at Coinbase
Belgium
France
Slovakia
Spain
The UK
The US*
*excluding New York (for Ethereum, Tezos, and Cosmos) and Hawaii residents
Read full Coinbase review.
Tezos XTZ staking risks
As with any investment, cryptocurrency staking involves certain risks you must be aware of before you invest.
In this article, we have listed some 3th party services where you can earn interest on your Tezos (XTZ) holdings.
Before you invest, consider if it´s worth the risk and what the alternatives are
So what are the risks to deposit your Tezos (XTS) to Binance, Coinbase or Kraken?
- The exchanges can be hacked. This have happened historically with several crypto exchanges, including Binance. However, these three are among the largest crypto exchanges in the world and they should have among the best security practices,.
- The exchanges can run bad business and file for bankruptcy. This have also happened historically.
- The exchange could potentially be a scam. This is not the case with Binance, Coinbase and Kraken but if you do deposit to small and new service this risk is always there.
Summary Tezos XTZ staking rewards VS risks
In the end, is the Tezos (XTZ) rewards worth the risks.
Since you have resposibility over you own cryptocurrencies it´s only you can can take the decision. Some people think it´s worth the risk while some think not.
An alternative could be to store your cryptocurrencies in a cold USB wallet that is not connected to any computer or internet.
The post Best Tezos XTZ Staking Rewards and Interest Rates appeared first on Cryptocoinzone.
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Text source: Crypto Blog with Cloud Mining, Exchanges, Passive
