How to Stake NEAR Protocol (NEAR) in the UAE

Introduction

Staking NEAR Protocol can be an excellent choice for individuals in the UAE looking to hold NEAR while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for UAE Residents

1. 1. Acquire NEAR Protocol (NEAR) Tokens

   To stake NEAR Protocol, you first need to acquire it. To obtain NEAR Protocol, you will need to purchase it from one of the popular exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   Nexo	NEAR Protocol (NEAR)	1.66
   PrimeXBT	NEAR Protocol (NEAR)	1.66
   YouHodler	NEAR Protocol (NEAR)	1.66
   Binance	NEAR Protocol (NEAR)	1.66
   BTSE	NEAR Protocol (NEAR)	1.66

   View all 59 prices

2. 2. Select a NEAR Protocol Wallet

   Once you have NEAR, you'll need to select a NEAR Protocol wallet to securely store your tokens. Here are some excellent options available in the UAE market.

   Platform	Cryptocurrency	Staking rewards in the UAE
   YouHodler	NEAR Protocol (NEAR)	Up to 12% APY
   Uphold	NEAR Protocol (NEAR)	Up to 7.75% APY
   Atomic Wallet	NEAR Protocol (NEAR)	Up to 11% APY
   Bake	NEAR Protocol (NEAR)	Up to 6.5% APY
   Binance	NEAR Protocol (NEAR)	Up to 3.8% APY

   Explore all 31 staking rewards available in the UAE market.

3. 3. Delegate Your NEAR in the UAE

   We recommend utilizing a staking pool when staking NEAR. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their NEAR, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your digital wallet. Once it's confirmed, you will automatically validate transactions on the NEAR Protocol network. For these validations, you will be rewarded with NEAR.

What to Consider in the UAE Market

In the UAE, it's important to factor in transaction and staking pool fees when engaging in cryptocurrency activities. Additionally, you may experience a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.