How to Stake NEAR Protocol (NEAR) for optimal returns

Introduction

Staking 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 overwhelming, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire NEAR Protocol (NEAR) Tokens

   To stake NEAR Protocol, you first need to acquire it. To obtain NEAR Protocol, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   Nexo	NEAR Protocol (NEAR)	1.71 APY
   PrimeXBT	NEAR Protocol (NEAR)	1.7 APY
   YouHodler	NEAR Protocol (NEAR)	1.7 APY
   Binance	NEAR Protocol (NEAR)	1.71 APY
   BTSE	NEAR Protocol (NEAR)	1.71 APY

   Check out all 59 prices

2. 2. Select a NEAR Protocol Wallet

   Once you have NEAR, you'll need to select a NEAR Protocol wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   YouHodler	NEAR Protocol (NEAR)	Up to 12% APY
   Uphold	NEAR Protocol (NEAR)	Up to 7.75% APY
   Atomic Wallet	NEAR Protocol (NEAR)	Up to 11% APY
   Bake	NEAR Protocol (NEAR)	Up to 6.5% APY
   Binance	NEAR Protocol (NEAR)	Up to 3.8% APY

   Check out all 31 staking rewards available.

3. 3. Delegate Your NEAR in South Korea

   We recommend using a staking pool when staking NEAR. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their NEAR, increasing their chances of validating transactions and earning rewards. You can easily 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 NEAR Protocol network. For these validations, you will be rewarded with NEAR.

What to Keep in Mind

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.