How to Stake NEO (NEO)

Introduction

Staking NEO can be an excellent choice for those looking to hold NEO 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 Anleitung

1. 1. Acquire NEO (NEO) Tokens

   To stake NEO, you first need to acquire it. To obtain NEO, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   PrimeXBT	NEO (NEO)	3,54 APY
   Binance	NEO (NEO)	3,54 APY
   OKX	NEO (NEO)	3,55 APY
   Uphold	NEO (NEO)	7,18 APY
   BingX	NEO (NEO)	3,53 APY
   Bitfinex	NEO (NEO)	3,53 APY

   View all 34 prices

2. 2. Select a NEO Wallet

   Once you have NEO, you'll need to select a NEO wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   Binance	NEO (NEO)	Up to 3,39 % APY

3. 3. Delegate Your NEO

   We recommend using a staking pool when staking NEO. It's simpler and faster to get started. A staking pool is a collective of validators who pool their NEO, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.