Best Tezos Bakers To Delegate XTZ Tokens For Baking
Stakeholders or bakers of the Tezos network need to be delegated with Tezos coins or XTZs in order to earn rewards. Bakers who stake their XTZs and take part in the baking process earn rewards from the network. The reward is between 5% to 10% annually but is variable with time. If you are new to this, read some basics on Tezos baking and delegation. Choosing a best Tezos baker depends on different parameters including payment interval, fee deduction, reliability.
In order to qualify in the process and earn the reward, bakers need to have at least 1 roll which equivalents to 10,000 XTZs. Furthermore, they need to have a computer system and know about the various technicalities to complete the transaction process. The entire process is often susceptible to risks of hacking or infiltration and technical anomalies.
Well, worry no more. Thankfully, Tezos have come up with an alternative solution of Delegation. There are different bakers have come up with the unique idea of scale baking services. Here, you can just delegate the baking rights to the baker services and they will do the rest for you for a small amount of fee which lies between 5% to 15% cut from your baking rewards.
There bakers will automatically transfer your rewards directly to your wallets periodically. You can spend them or delegate them according to your needs. I revived my first Tezos baking payout after approximately one month and then after in every 3 days approximately 7-10%.
5 Best Tezos Bakers:
There are few measures to decide best baker for you, two important parameters are payment schedule and fee. Some of the bakers have no rooms for new members. Here are few handpicked bakers for you but check on their website whether they have availability or not. There are few Tezos wallets including Tezbox where you can easily delegate your Tezos for baking.
TzDutch.com is a delegation service provider based in the Netherlands. They are one of the most trusted delegation service providers and they will pay you after completion of each baking cycle. They charge a 10% fee for their services.
Bake’n’Rolls is a Ukraine based delegation service and they are available 24/7. It is supported by Ledger Nano S wallet which is highly recommended due to its top-grade security features.
It is maintained by HPE ProLiant DL360 Gen10 Server. All rewards and earnings are recorded in Google spreadsheets which can be validated any time by the stakeholders.
Dynamic annual yield allows stakeholders to earn the exact amount they have backed minus the commission of the bakers. Rewards are distributed after the completion of each cycle. They deducted 10% as a fee from your baking rewards.
Based in Austria, Happy Tezos is a delegation service whose main motto is security and safety of your tezos coins. No signup is necessary and you can check your rewards anytime on the dashboard. Investors can join in by providing bonds which are actually security deposits. The current return on investment or ROI per cycle is 12.5% per annum. The earned reward is distributed among stakeholders, bond pool members,and the delegation team.To avail the service, the tokens are stored in the delegation account which can be withdrawn anytime by giving prior notice. The service charge here is 15%.
Tezosteam, another delegation service provider for Tezos will let you delegate and earn 24 hours a day. It is a risk-free safe platform which lets you have full control of your private keys. About 86% of the rewards are returned to the delegators and 14% goes to the delegation team. It charges about a reasonable fee of 14% for its services. Delegators at first have to wait for 7 cycles for the rolls, after which they will earn rewards from completion of every cycle.
Tezos Vote is based on the Netherlands and it helps you to earn returns from each baking cycle. You can also participate in the bond pool and double the returns by 14% per annum. It is supported by BlockBay Capital. Tezos Vote ensures risk-free returns to its delegators and that too in regular intervals. Tezos Vote charges 15% as service fees. Their payout interval is marked as excellent.
For more information and details of all available bakers visit here.