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guide-how-to-stake-xtz.md

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Guide: How to stake XTZ

🏁1. Prerequisites

  • Tez stored on a local wallet. You control the seed/private keys.
  • Any amount of tez will work, but check if your baker has a minimum delegation amount requirement. For example, some bakers require at least 10 tez to be delegated.

🌜 2. Download and use a compatible wallet

{% content-ref url="../../wallets/desktop-wallets/galleon-tezos.md" %} galleon-tezos.md {% endcontent-ref %}

{% content-ref url="../../wallets/mobile-wallets/trustwallet-multi-currency.md" %} trustwallet-multi-currency.md {% endcontent-ref %}

{% content-ref url="../../wallets/hardware-wallets/ledger-live-ledger-nano-wallet/" %} ledger-live-ledger-nano-wallet {% endcontent-ref %}

🍰 3. Find a baker

{% hint style="info" %} Use the following sites to do your research. {% endhint %}

{% embed url="https://mytezosbaker.com" %}

{% embed url="https://baking-bad.org/" %}

🎊 4. Delegate your stake

{% hint style="info" %} Galleon wallet will be the quickest way to stake and it's safe because your coins never leave your wallet. {% endhint %}

For this example, we will use Galleon wallet and delegate with a Ledger Nano S.

  1. **Plug **in Ledger Nano S to a USB port, **type **the PIN code, **open **the Tezos Wallet app.
  2. **Open **Galleon wallet.

3. Click on Connect with Ledger button**.**

4. On the Ledger Nano device, press the ✔️ button to provide public key.

5. Click Delegate tab

7. Paste your baker's public address in the "Change Delegate to New Address" field

{% hint style="info" %} Your baker's public address will look something like this.

tz1P2Po7YM526ughEsRbY4oR9zaUPDZjxFrb

Copy and paste it. Do not type. {% endhint %}

8. Click **Change Delegate **button

9. **Confirm **the transaction on your Ledger

10. 🎉 Congratulations. Your first rewards should start arrive in about 36 days and then every 3 days after. You will be able to see your rewards on the Transactions tab.

🔎 5. Monitoring your rewards

Wondering if your baker is doing a good job and when you will be getting your rewards? Use the auditor at BakingBad.org. Simply search for your tez delegator public address.

{% embed url="https://baking-bad.org/" %}