How to Stake Binance-Peg NEAR Protocol (NEAR) in Australia

Introduction

Staking Binance-Peg NEAR Protocol can be a great option for those who want to hold NEAR while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Binance-Peg NEAR Protocol (NEAR) Tokens

   To stake Binance-Peg NEAR Protocol, you need to own it. To obtain Binance-Peg NEAR Protocol, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Coinbase	Binance-Peg NEAR Protocol (NEAR)	1.54
   Kraken	Binance-Peg NEAR Protocol (NEAR)	1.54
   Azbit	Binance-Peg NEAR Protocol (NEAR)	1.54
   CoinEx	Binance-Peg NEAR Protocol (NEAR)	1.54
   Kucoin	Binance-Peg NEAR Protocol (NEAR)	1.53
   Klink	Binance-Peg NEAR Protocol (NEAR)	2.36

   See all 12 prices

2. 2. Choose a Binance-Peg NEAR Protocol Wallet

   Once you have NEAR, you'll need to choose a Binance-Peg NEAR Protocol wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Kucoin	Binance-Peg NEAR Protocol (NEAR)	Up to 6% % p.a.

3. 3. Delegate Your NEAR

   We recommend using a staking pool when staking NEAR. It's simpler and quicker to get started. A staking pool is a group of validators who combine their NEAR, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 Binance-Peg NEAR Protocol network. You'll be rewarded with NEAR for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.