How to Stake NEAR Protocol (NEAR): A Step-by-Step Guide

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.
Platform Coin Price
Nexo NEAR Protocol (NEAR) 1.71
PrimeXBT NEAR Protocol (NEAR) 1.7
YouHodler NEAR Protocol (NEAR) 1.7
Binance NEAR Protocol (NEAR) 1.71
BTSE NEAR Protocol (NEAR) 1.71
See all 59 prices

Platform	Coin	Price
Nexo	NEAR Protocol (NEAR)	1.71
PrimeXBT	NEAR Protocol (NEAR)	1.7
YouHodler	NEAR Protocol (NEAR)	1.7
Binance	NEAR Protocol (NEAR)	1.71
BTSE	NEAR Protocol (NEAR)	1.71

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.

Platform	Coin	Staking rewards
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

See all 31 staking rewards

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

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Market cap: US$5.89B
24h volume: US$324.7M
Circulating supply: 1.17B NEAR

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Frequently Asked Questions About Staking NEAR Protocol (NEAR)

What are the benefits of staking NEAR tokens in the NEAR Protocol?: Staking NEAR tokens in the NEAR Protocol offers several benefits, including earning rewards for participating in network security and governance. By staking, you contribute to the validation of transactions, which helps maintain the integrity of the blockchain. Additionally, stakers receive incentives in the form of NEAR tokens, typically distributed daily. This participation not only enhances the network but also allows you to benefit from potential rewards while actively engaging in the NEAR ecosystem.
What are staking rewards in the NEAR Protocol, and how do they work?: Staking rewards in the NEAR Protocol are incentives provided to users who contribute their NEAR tokens to support the network's operations, such as validating transactions and securing the blockchain. By staking, users help maintain decentralization and, in return, earn rewards in the form of additional NEAR tokens. These rewards are distributed based on the amount staked and the overall network performance, making it a potentially beneficial method for earning passive income while supporting the NEAR ecosystem.