Coins: 6246
Market Cap: $203.76B
24h Vol: $34.59B
Dominance: BTC 66.66% ETH 8.03% BCH 1.90%
Tezos (XTZ)
$1.61 13.03 %
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Market Cap
24 Hour Trading Volume
24h Low / 24h High
$1.42 / $1.61
Available Supply

Tezos (XTZ) price, performance and general information

13.03 %
21.15 %
17.08 %
33.22 %
79.73 %
330.38 %

Tezos (XTZ) News

Why you should avoid staking on Binance

Why you should avoid staking on Binance

Cardano fans getting anxious

submitted by /u/rami63

Tezos: New Version of Mainnet-Staging Branch, TzStats Smart Contract APIs, Binance Supports Zero Fee XTZ Staking, V1 of tezblock, Bakers Voting List, Updating the Potential Carthage Proposal and Resetting the Carthagenet Test Network / Biweekly update 23rd November — 7th December

submitted by /u/paradigmfund

Baker's Dozen #2 - All Things Tezos

Baker's Dozen #2 - All Things Tezos

Evaluating baking in a o% fee exchange vs a 10% fee standard baker

Ok, first the context:

I am an old crypto investor. I mined Bitcoin, when it was still doable with GPUs. I still have some rigs working (using Nicehash).

I participated in Tezos ICO (the only one I participated in). My only major positions are in Bircoin and Tezos, but I have several small positions in Ether, Litecoin, Nano, etc..

I am comfortable with computers (have a PhD in Computer Engineering, etc.)

I have operational accounts in several exchanges - mainly Bitstamp, Kraken and Binance.

I must start by stating that I like the new possibility of placing PoS "coins" in a good exchange and letting them handle the details of staking.

When Coinbase started that new trend, I didn't think much about it. I don't like Coinbase. Closed my account there long ago. And the fee is stupid.

But Binance with 0% fee is a different story. Binance is one of the exchanges I use at present. And 0% is a very good fee...

So This time I had to really think about what to do with my Tezos. Keep my present baker? Or send them to Binance?

And so for the substance:

At present I'm paying a fee of 10%, to avoid the hassle of baking myself. That reduces my yearly "returns" from around 6.3% (or something close to that) to some 5.7% (in fact the return is only somewhat meaningful in relation to the inflation, and even then it is debatable, but let's forget all that).

Now in Binance, which I trust for small, relatively short-term positions, I would get the full 6.3%.

The difference between having my keys, my direct control of my Tezos and using a standard for-profit baker and having them stored in an exchange baking with 0% fee is 0.6 to 0.65% yearly "return".

So, I really thought about it, but decided to leave the baking with my present baker. He works reasonably well, never failed paying my share, and I keep full control of my Tezos. In principle I will only lose them if I, myself, do something stupid.

Binance is a good exchange, but no exchange is 100% safe from some mishap.

I prefer to lose 0.6% per year to avoid the exchange-related risk, which I assume to be reasonably small, but I can't really calculate (but may well be above 1% of bankruptcy risk per year).

I believe this is the kind of reasoning everybody must make. If the risk evaluation of most Tezos holders is similar to mine, the independent bakers will survive.



Name Tezos
Symbol XTZ
Rank #12
Tezos price $1.61
Market Cap $1,113,261,974
Trading Volume $66,799,833
24h Low / 24h High $1.42 / $1.61

All time high

All time high $10.74
All time high date 2017-12-17 (one year ago)
Since all time high -85.07 %


24 hours 13.03 %
7 days 21.15 %
14 days 17.08 %
30 days 33.22 %
60 days 79.73 %
1 year 330.38 %


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