Earn up to
12% APY in Canada
An in-depth guide on how to stake NEAR Protocol (NEAR) in Canada
We have a wealth of information on staking NEAR Protocol (NEAR) and we're excited to share some of this with you.
We present you with various staking options featuring other cryptocurrencies that may pique your interest.
NEAR Protocol (NEAR) is currently priced at US$9.92 with a 24-hour trading volume of US$324.7M. The market cap of NEAR Protocol stands at US$5.89B, with 1.17B NEAR in circulation. For those looking to buy or trade NEAR Protocol, YouHodler offers avenues to do so securely and efficiently
Staking NEAR Protocol can be an excellent choice for Canadians 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-timers. That's why we've created this guide specifically for you.
To stake NEAR Protocol, you first need to acquire it. To obtain NEAR Protocol, you'll need to purchase it from one of these popular Canadian exchanges.
Once you have NEAR, you'll need to choose a NEAR Protocol wallet to store your tokens. Here are some great options available in Canada.
| Platform | Coin | Staking rewards in Canada |
|---|---|---|
| YouHodler | NEAR Protocol (NEAR) | Up to 12% APY in Canada |
| Uphold | NEAR Protocol (NEAR) | Up to 7.75% APY in Canada |
| Atomic Wallet | NEAR Protocol (NEAR) | Up to 11% APY in Canada |
| Bake | NEAR Protocol (NEAR) | Up to 6.5% APY in Canada |
| Binance | NEAR Protocol (NEAR) | Up to 3.8% APY in Canada |
We recommend using a staking pool when staking NEAR. It's simpler and faster to get started. A staking pool is a group of validators who combine their NEAR, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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.
In Canada, it's important to consider transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
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