How to Stake NEAR Protocol (NEAR): A Step-by-Step Guide

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 Guide

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.
Platform Coin Price
Nexo NEAR Protocol (NEAR) 3.31
PrimeXBT NEAR Protocol (NEAR) 3.3
M2 NEAR Protocol (NEAR) 3.3
Uphold NEAR Protocol (NEAR) 3.3
OKX NEAR Protocol (NEAR) 3.3
YouHodler NEAR Protocol (NEAR) 3.3
See all 59 prices

Platform	Coin	Price
Nexo	NEAR Protocol (NEAR)	3.31
PrimeXBT	NEAR Protocol (NEAR)	3.3
M2	NEAR Protocol (NEAR)	3.3
Uphold	NEAR Protocol (NEAR)	3.3
OKX	NEAR Protocol (NEAR)	3.3
YouHodler	NEAR Protocol (NEAR)	3.3

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.

Platform	Coin	Staking rewards
Uphold	NEAR Protocol (NEAR)	Up to 6.8 APY
YouHodler	NEAR Protocol (NEAR)	Up to 12 APY
MyCointainer	NEAR Protocol (NEAR)	Up to 7.04 APY
Bitget	NEAR Protocol (NEAR)	Up to 9 APY
Binance	NEAR Protocol (NEAR)	Up to 4.9 APY

See all 30 staking rewards

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 $1.68 with a 24-hour trading volume of $324.7M. The market cap of NEAR Protocol stands at $5.89B, with 1.17B NEAR in circulation. For those looking to buy or trade NEAR Protocol, Uphold offers avenues to do so securely and efficiently}

Market cap: $5.89B
24h volume: $324.7M
Circulating supply: 1.17B NEAR

See latest information

Frequently Asked Questions About Staking NEAR Protocol (NEAR)

What is NEAR Protocol staking?: Staking on NEAR Protocol involves locking your NEAR tokens to support network operations like validating transactions. In return, you earn staking rewards in NEAR tokens.
How are NEAR staking rewards calculated?: Staking rewards on NEAR are influenced by factors like the number of tokens staked, the network-wide staking ratio, and validator performance. Rates can vary, so it's beneficial to use tools like Bitcompare for real-time insights.
Can I stake NEAR tokens directly from my wallet?: Yes, you can stake NEAR tokens directly from supported wallets. Ensure to research and use reliable platforms and keep checking Bitcompare for updates on reputable exchanges and wallet services.
What is the average staking reward for NEAR?: The average staking reward rate for NEAR can fluctuate based on network conditions and other factors. For accurate, up-to-date information, utilize Bitcompare's price comparison tools regularly.
How often are NEAR staking rewards distributed?: NEAR staking rewards are typically distributed after each epoch, which lasts approximately 12 hours. However, this can differ by validator, so checking Bitcompare for validator-specific info is advised.
Are there any risks to staking NEAR?: While staking NEAR is generally secure, it carries risks like potential temporary unavailability of funds and validator misconduct. Stay informed using resources like Bitcompare to make knowledgeable decisions.
Is there a minimum amount required to stake NEAR?: The minimum amount to stake NEAR varies by validator. Check with your validator directly and stay updated via Bitcompare for any changes or specifics.
Why should I use Bitcompare for NEAR staking?: Bitcompare offers valuable tools like real-time comparison of staking rates and the latest news. Stay informed and ahead in the crypto market by regularly reviewing and bookmarking this resource.