Coinbase is now providing a simple, safe strategy to earn staking rewards on Tezos
By Rhea Kaw, Product Supervisor
At Coinbase, we’re centered on providing extra methods for patrons to earn rewards by holding crypto. As we speak, we’re asserting staking rewards on each Tezos (XTZ) held on Coinbase by eligible US prospects. Coinbase now stakes Tezos on behalf of shoppers and distributes rewards on to buyer accounts.
Staking permits you to earn revenue along with your crypto by collaborating within the community of a specific asset. Whenever you stake your crypto, you make the underlying blockchain of that asset safer and extra environment friendly. And in exchange, you get rewarded with extra belongings from the community.
With at present’s launch, Coinbase is providing a simple, safe manner for anybody to actively take part within the Tezos community. Whereas it’s doable to stake Tezos by yourself or by way of a delegated staking service, it may be complicated, difficult, and even dangerous with regard to the safety of your staked Tezos. We’re altering that with staking rewards on Coinbase.
With Coinbase staking rewards:
- You possibly can start incomes rewards in your crypto. The present estimated annual return for Tezos staking on Coinbase is ~5%. You’ll see your pending rewards improve in real-time within the app, and as soon as your preliminary holding interval completes (35–40 days), you’ll obtain rewards in your account each three days.
- You’ll at all times keep management. Your Tezos at all times stays in your pockets; you simply earn rewards whereas conserving your crypto safely on Coinbase. You possibly can choose out any time you need.
The return fee said by Coinbase is a projection based mostly on the rewards we’ve generated over the previous 90 days. The Tezos community units the underlying return fee relying on the variety of staking contributors. Coinbase distributes the return to prospects and retains a portion as fee.
Coinbase Earn Tezos
Beginning at present, eligible prospects in all Coinbase supported international locations can even take part within the Coinbase Earn Tezos marketing campaign. Prospects can earn a little bit of Tezos just by studying in regards to the token and taking a number of quizzes. By way of Coinbase Earn, you possibly can earn as much as $6 of Tezos, which Coinbase can then begin staking in your behalf.
You shouldn’t should be an professional crypto dealer to develop your crypto wealth. Providing easy methods for our prospects to earn crypto by staking is a crucial step in constructing an open monetary system. You possibly can study extra about staking rewards on Coinbase at coinbase.com/staking.
For eligibility standards, please go to our support center.
Learn extra data:
Greatest in Market:
- Best ICO listing sites ICO Rating Agencies (2019) | Cryptocurrency ICO List | ICO Calendar
- Best Cryptocurrency Exchanges (2019)
- Top Fintech Companies
- List of Top ICO Marketing Agencies | Best Crypto & Blockchain Marketing Service Providers