Introduction
Staking Near Protocol can be a great option for those who want to hold NEAR but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain Near Protocol (NEAR) tokens
In order to stake Near Protocol, you need to have it. To obtain Near Protocol, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Near Protocol wallet
Once you have NEAR, you’ll need to choose a Near Protocol wallet to store your tokens. Here are some good options.
- 3
Delegate your NEAR
We recommend using a staking pool when staking NEAR. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their NEAR, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Near Protocol network. You’ll be rewarded with NEAR for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
Near Protocol (NEAR) is currently priced at $5.72, with a 24-hour trading volume of $262.95M. In the last 24 hours, Near Protocol has seen an increase to 5.72. The market cap of Near Protocol stands at $6.32B, with 1.08B in circulation. For those looking to buy or trade Near Protocol, reputable platforms like PrimeXBT, M2, Uphold, Wirex, Kraken and Binance offer avenues to do so securely and efficiently.
- Market cap
- $6.32B
- Volume
- $262.95M
- Circulating supply
- $1.08B
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