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 $8 with a 24-hour trading volume of $399.35M. The market cap of NEAR Protocol stands at $5.68B, 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
- $5.68B
- 24h volume
- $399.35M
- Circulating supply
- $1.17B
Frequently Asked Questions About Staking NEAR Protocol (NEAR)
- How do I stake NEAR tokens to earn rewards?
- To stake NEAR tokens, use a supported NEAR wallet and select a validator. Follow the wallet's instructions to delegate your tokens. Stay informed about validators through Bitcompare, where you can access real-time data and insights.
- What is the annual percentage yield (APY) for NEAR staking?
- The APY for NEAR staking can vary. For current rates, use Bitcompare to access real-time comparisons and stay informed about market conditions. Bookmark the page for easy access.
- When will I start earning rewards after staking my NEAR tokens?
- Rewards typically start accruing after the staking process is completed, although there might be a delay due to network requirements. Stay updated with the latest on Bitcompare.
- Can I unstake NEAR tokens anytime?
- Yes, but unstaking may take some time to complete based on network rules. Be sure to understand the unstaking process by staying informed on tools like Bitcompare for the latest news.
- Do I retain control of my NEAR tokens while staking?
- Yes, staked NEAR tokens remain in your control. However, withdrawing staked tokens requires a special process. Bitcompare offers tools to keep you informed about such processes.
- Are there risks involved in staking NEAR tokens?
- Yes, risks include potential slashing by validators. Keep abreast of validator reputations and network changes using Bitcompare's real-time data tools for better decision-making.
- How often are staking rewards distributed for NEAR tokens?
- Rewards distribution timing may vary. Use Bitcompare to stay updated with the latest details on distribution frequencies and network updates.
NEAR
ADA
AVAX
BNB
BTC
DOGE
ETH
LINK
SHIB
SOL
STETH
SUI
TON