StakeNow Tezos Staking in English

FAQ

We have summarized the most frequently asked questions for you. If you have further questions, please contact us so that we can publish them here.

Q: Where can I buy Tezos (XTZ)
A: We would recommend a trustworthy exchange like Kraken, Coinbase or Binance.

Q: What is the best option to store my Tezos (XTZ)?
A: We would highly recommend a certified hardware wallet.

Q: Is there a GUI wallet which I can use with my certified hardware wallet?
A: Yes, we would recommend TezBox or SimpleStaking. Make sure to always check the correct address in your browser to avoid phishing.

Q: Do you have control over my Tezos (XTZ) or my private key?
A: No, at no point do we have control over your Tezos (XTZ) or your private key. You are only delegating your validation and voting rights to us which is without custody.

Q: How will I be informed when I receive a reward?
A: You can check with a blockchain explorer like tzStats or tezblock. You can also set up a Telegram notification bot.

Q: How can I check your payout accuracy and are you insured?
A: You can check our payout accuracy at Baking Bad. Yes, we are insured by Baking Bad. If our node efficiency is below 90% per cycle, unpaid rewards will be covered by the insurance. You can read more about the insurance in detail here.

Q: Is there a minimum or maximum delegation amount?
A: Yes, there is. The minimum delegation amount is 100 XTZ and the maximum is our available capacity. Please make sure to check our Terms and Conditions before delegating to us.

Q: Do you pay taxes?
A: Yes, we pay 19% VAT on our delegation fees.

Q: Do I have to pay taxes?
A: Probably! You are solely responsible for paying any taxes or fees that may be payable on its share of the reward.

Q: Which client do you use?
A: You can find the client which we are currently using on Tezos Gitlab Repository. The current commit hash is 94f779a7517f04d1786d710b0b8deea7a9c1f762.