Mobile phones have allowed communications to be widespread like we have never seen before, but also this technology has allowed us to interact financially with each other much easier. That’s why cryptocurrencies slowly tap into this field, offering individuals as well as companies to transact and manage digital assets easily. In this step-by-step staking guide, you will discover how to stake Tezos cryptocurrency using your mobile phone via Exodus wallet.
The Exodus wallet is available both on Android and iOS platforms and can be downloaded easily on the Google Play or App Store.
Make sure that you download only official Exodus application, since you may put your digital assets into the risk of losing them if you install an application from an unofficial source. We recommend you to use Exodus official website to download an up-to-date version of the wallet.
Tezos Staking Process
Once you download and install the wallet, write down your seed phrase that will be generated during the wallet setup. It has to be saved and stored in a safe place physically, also make sure that you don’t make any screenshots or save it digitally on your computer.
Note, that you will have 5% in annual returns on average, and the Exodus wallet will automatically choose Everstake as your main baker.
From the main menu scroll right to the very bottom, where you have to click on the ‘Add More’ button in order to add an additional digital assets that will be shown in your wallet.
Then in the search bar enter ‘Tezos’.
Once added, go back to the main menu by clicking on the wallet icon in the bottom left corner.
In the main menu tap on the ‘Tezos’ digital asset, and you will be transferred to the balances and operations menu.
Then click on the gear icon located in the top right corner of the screen.
Once clicked you will be transferred to the Tezos staking page, where you have only to click on the ‘Start Staking’ button.
Your Tezos tokens will be staked in a matter of seconds.
You can also double check the status of your financial operation on the Tezos balances and operations page.
Note, that you will be getting your first rewards in 32 days, and also you can unstake or use your digital assets without any lockup periods.
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!
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