Introduction
Staking NEAR Protocol can be a great option for those who want to hold NEAR but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Obtain NEAR Protocol (NEAR) Tokens
In order to stake NEAR Protocol, you need to have it. To obtain NEAR Protocol, you'll need to purchase it. You can choose from these popular exchanges.
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 good options.
See all 16 staking rewardsPlatform Coin Staking rewards Uphold NEAR Protocol (NEAR) Up to 6.5 APY YouHodler NEAR Protocol (NEAR) Up to 12 APY Bitget NEAR Protocol (NEAR) Up to 9 APY Binance NEAR Protocol (NEAR) Up to 4.9 APY Bitmart NEAR Protocol (NEAR) Up to 0.8 APY 3. Delegate Your NEAR
We recommend using a staking pool when staking NEAR. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their NEAR, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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 you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest Movements
NEAR Protocol (NEAR) is currently priced at $13 with a 24-hour trading volume of $433.55M. The market cap of NEAR Protocol stands at $6.08B, with $1.17B NEAR in circulation. For those looking to buy or trade NEAR Protocol, Uphold offers avenues to do so securely and efficiently}
- Market cap
- $6.08B
- 24h volume
- $433.55M
- Circulating supply
- $1.17B
Frequently Asked Questions About Staking NEAR Protocol (NEAR)
- What is NEAR Protocol staking?
- NEAR Protocol staking allows users to lock their NEAR tokens in validator nodes to support network operations. In return, they earn staking rewards. Staying informed is crucial for optimizing your staking strategy.
- How are staking rewards calculated on NEAR?
- Staking rewards on NEAR depend on factors like total tokens staked and network performance. Use tools on Bitcompare for real-time data and insights to optimize your staking rewards.
- How often are staking rewards distributed?
- Rewards on NEAR Protocol are typically distributed every epoch (approx. 12 hours). To stay updated, regularly check Bitcompare for the latest news and insights on NEAR.
- Are there any risks associated with staking NEAR?
- While staking generally incurs minimal risk, it's essential to stay informed about network changes. Bitcompare offers tools like sentiment analysis and news events to help you make informed decisions.
- Can I unstake my NEAR tokens at any time?
- You can unstake your NEAR tokens, but there's a waiting period before they become transferable. Stay informed with Bitcompare's real-time updates to plan your staking activities effectively.
- What is the minimum amount for staking NEAR?
- The minimum staking amount can vary. Check Bitcompare for up-to-date information on NEAR staking requirements to ensure you meet them when you decide to participate.
- How can I maximize my NEAR staking rewards?
- To optimize staking rewards, stay informed about network updates and market trends. Use Bitcompare's tools like price comparisons and email alerts to make well-informed staking decisions.
- Can I delegate my NEAR tokens to multiple validators?
- Yes, you can delegate to multiple validators for diversification. Use Bitcompare to research trusted validators and analyze their performance for better staking outcomes.
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