How to Stake NEO (NEO): A Comprehensive Guide for the UK

Introduction

Staking NEO can be an excellent option for those who wish to hold NEO while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. Obtain NEO (NEO) Tokens
To stake NEO, you need to possess it. To obtain NEO, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
PrimeXBT NEO (NEO) 3.54
Binance NEO (NEO) 3.54
OKX NEO (NEO) 3.55
Uphold NEO (NEO) 7.18
BingX NEO (NEO) 3.53
Bitfinex NEO (NEO) 3.53
View all 34 prices
2. Choose a NEO Wallet
Once you have NEO, you'll need to choose a NEO wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards
Binance NEO (NEO) Up to 3.39% AER
3. Delegate Your NEO
We recommend using a staking pool when staking NEO. It's simpler and quicker to get started. A staking pool is a group of validators who combine their NEO, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the NEO network. You will be rewarded with NEO for these validations.

Platform	Coin	Price
PrimeXBT	NEO (NEO)	3.54
Binance	NEO (NEO)	3.54
OKX	NEO (NEO)	3.55
Uphold	NEO (NEO)	7.18
BingX	NEO (NEO)	3.53
Bitfinex	NEO (NEO)	3.53

Platform	Coin	Staking rewards
Binance	NEO (NEO)	Up to 3.39% AER

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.