How to Stake Binance-Peg NEAR Protocol (NEAR)

Introduction

Staking Binance-Peg NEAR Protocol can be an excellent choice for those looking to hold NEAR while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Binance-Peg NEAR Protocol (NEAR) Tokens

   To stake Binance-Peg NEAR Protocol, you must first acquire it. To obtain Binance-Peg NEAR Protocol, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Coinbase	Binance-Peg NEAR Protocol (NEAR)	1,56 APY
   Kraken	Binance-Peg NEAR Protocol (NEAR)	1,56 APY
   Azbit	Binance-Peg NEAR Protocol (NEAR)	1,56 APY
   CoinEx	Binance-Peg NEAR Protocol (NEAR)	1,56 APY
   Kucoin	Binance-Peg NEAR Protocol (NEAR)	1,56 APY
   Klink	Binance-Peg NEAR Protocol (NEAR)	2,36 APY

   Check out all 12 prices

2. 2. Select a Binance-Peg NEAR Protocol Wallet

   Once you have NEAR, you'll need to select a Binance-Peg NEAR Protocol wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   Kucoin	Binance-Peg NEAR Protocol (NEAR)	Up to 6% APY

3. 3. Delegate Your NEAR

   We recommend using a staking pool when staking NEAR. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their NEAR, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   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 Binance-Peg NEAR Protocol network. For these validations, you'll receive rewards in NEAR.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.