You have the possibility to delegate your Tezos (XTZ) from your own secure wallet. Thanks to its PoS (Proof of Stake) system, your Tezos can bring you more Tezos.
There are different ways to delegate your XTZs. Below, you will find all the steps to follow to delegate your Tezos from your Tezbox wallet.
Download and install TezBox
Go to https://tezbox.com, and download the Tezos wallet of your choice.
Tezbox allows you to store your Tezos safely. For this tutorial, we chose the desktop wallet of TezBox.
Install Tezbox and open the application that looks like this :
Click on “Create Tezbox”. Once your wallet has been created and supplied with XTZ, you can proceed to step 1.
Step 1 — Create a KT address
To create a new account, click on “Create a new account”. Then click on “Add Account” to create a KT address (only KT addresses are used for the delegation of your Tezos).
A fee (about 0.25 TZ) will be charged for creating a KT address.
Wait until your KT address is generated by the Blockchain. This may take 1 to 2 minutes.
Your new account has been created.
Step 2 — Supply your KT address
Transfer your Tezos to your KT address.
To fund your KT1 delegation account, go back to your Main Account. Click on “Send” and enter the destination address (“Destination Address”: here, copy/paste the address of your KT1 account), the amount of ꜩ you want to delegate (“Amount ꜩ”) and the fees (Fee mꜩ) you can leave on “Low”. Be careful, if you paste another KT1 address than yours, your Tezos will be lost. Finally, click on “Send”.
Step 3 — Register your Baker
Attention: never send your ꜩ to your Baker! In Tezos, you delegate your XTZs via an address that belongs to you, the KT address. In other words, you never transfer ownership of your Tezos. You only delegate participation in the process of creating and validating blocks. Your XTZs belong to you.
Click on “Delegate”, select “Custom” and enter the address to which you want to delegate your Tezos, here:
Click on “Update Delegate” and wait for the operation to be taken into account by the Blockchain (it takes about 1 to 2 minutes).
Your Tezos are now delegated to Tezos France Delegation.
That’s it! You have just delegated your ꜩ with your KT address. You can check your KT address on tzscan.io. You will also find all the rewards that will be paid by your Baker, for your participation in securing the network.