The blockchain industry has opened new horizons both for companies and community members to earn in different ways, but considering the fact that this technology is new, it requires secure solutions for transferring, trading and storing digital assets. Trust Wallet is one of those applications that allows a user to securely hold and buy cryptocurrencies while having staking functionality in one place. In this guide, we’ll describe in a detailed way how to stake Tezos via Trust Wallet.
Step 1: Wallet Installation And Set Up
Once the application is installed, proceed to the seed phrase generation.
Then you have to confirm your seed phrase and back it up in a safe place.
Step 2: Actual Staking Process
After the successful wallet set up we have to add Tezos cryptocurrency into the main menu simply by entering the name into the search bar.
From the search menu add Tezos by dragging the slider.
Select Tezos from the main menu, tap on the ‘More’ button and then choose to stake XTZ.
Choose ‘Everstake’ from the Validators menu by tapping on the arrow.
Promotional Fee: 5%
Promotion Duration: 3 months, until September 1st or approximately 34 Tezos cycles
Base fee after promotion: 8%
Attention to all current and future Everstake delegators! Please, delegate/redelegate your XTZ to a new baker — Everstake (Old Baker — Everstake Legacy). You will continue to receive the rewards and won’t miss anything!
Set the desired staking amount and simply tap on the ‘Next’ button.
Check all details and confirm your operation by tapping on the ‘Send’ Button
Please allow up to 30 minutes for the network to confirm your stake. You can also search for your stake details on the Tezos.id explorer by entering your wallet address into the search bar.
Follow news and updates from Everstake by subscribing to the newsletter on our website and join the discussion on our social channels through the links below.