How to Stake NEAR Protocol (NEAR): A Comprehensive Guide for Australians

Introduction

Staking 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. Obtain NEAR Protocol (NEAR) Tokens
To stake NEAR Protocol, you need to own it. To obtain NEAR Protocol, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
Nexo NEAR Protocol (NEAR) 1.69
PrimeXBT NEAR Protocol (NEAR) 1.68
YouHodler NEAR Protocol (NEAR) 1.68
Binance NEAR Protocol (NEAR) 1.68
BTSE NEAR Protocol (NEAR) 1.68
See all 59 prices

Platform	Coin	Cost
Nexo	NEAR Protocol (NEAR)	1.69
PrimeXBT	NEAR Protocol (NEAR)	1.68
YouHodler	NEAR Protocol (NEAR)	1.68
Binance	NEAR Protocol (NEAR)	1.68
BTSE	NEAR Protocol (NEAR)	1.68

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 great options.

Platform	Coin	Staking returns
YouHodler	NEAR Protocol (NEAR)	Up to 12% % p.a.
Uphold	NEAR Protocol (NEAR)	Up to 7.75% % p.a.
Atomic Wallet	NEAR Protocol (NEAR)	Up to 11% % p.a.
Bake	NEAR Protocol (NEAR)	Up to 6.5% % p.a.
Binance	NEAR Protocol (NEAR)	Up to 3.8% % p.a.

View all 31 staking rewards

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. 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 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.