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) 5.11
PrimeXBT NEAR Protocol (NEAR) 5.09
M2 NEAR Protocol (NEAR) 5.09
Uphold NEAR Protocol (NEAR) 5.09
OKX NEAR Protocol (NEAR) 5.1
YouHodler NEAR Protocol (NEAR) 5.1
See all 31 prices

Platform	Coin	Price
Nexo	NEAR Protocol (NEAR)	5.11
PrimeXBT	NEAR Protocol (NEAR)	5.09
M2	NEAR Protocol (NEAR)	5.09
Uphold	NEAR Protocol (NEAR)	5.09
OKX	NEAR Protocol (NEAR)	5.1
YouHodler	NEAR Protocol (NEAR)	5.1

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
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

See all 16 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

NEAR Protocol (NEAR) is currently priced at $11 with a 24-hour trading volume of $429.6M. The market cap of NEAR Protocol stands at $5.93B, 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: $5.93B
24h volume: $429.6M
Circulating supply: $1.17B

See latest information

Frequently Asked Questions About Staking NEAR Protocol (NEAR)

What is NEAR Protocol staking?: NEAR Protocol staking involves locking up NEAR tokens to support network operations, like transaction validation, in exchange for rewards. Stakeholders can earn returns on their holdings while enhancing network security.
How often are staking rewards distributed on NEAR?: Staking rewards on NEAR Protocol are typically distributed every epoch, approximately every 12 hours. It's vital to remain informed about staking mechanics to optimize your rewards.
What is the average annual yield for NEAR staking?: The average annual yield for NEAR staking varies based on network conditions and validator performance. Check Bitcompare for real-time yield rates and alerts to stay updated.
Are there any risks involved with staking NEAR?: While staking NEAR can be rewarding, it's not without risks, including slashing and price volatility. Stay informed by utilizing tools on Bitcompare, like sentiment analysis and news updates, to understand market trends better.
How do I choose a NEAR validator?: Select a NEAR validator based on factors such as uptime, fees, and reputation. Staying updated with real-time data and alerts on Bitcompare can help you make an informed choice.
Is there a minimum amount required to stake NEAR?: Some validators may have a minimum staking requirement. Check their specific terms before staking. Use Bitcompare to find exchanges and compare rates, ensuring you're fully informed.
Can I unstake my NEAR tokens anytime?: NEAR tokens can usually be unstaked, but the process can take several days to complete. Stay informed about unstaking procedures and timelines on platforms like Bitcompare for effective planning.
What are delegation and redelegation in NEAR staking?: Delegation involves assigning your staking rights to a validator, while redelegation allows you to switch validators. Keep up-to-date with tools like Bitcompare to track validator performance and news.
How can I maximize my NEAR staking rewards?: Maximize rewards by choosing reliable validators, reinvesting returns, and keeping informed about market trends. Use Bitcompare for real-time data and the latest updates to stay ahead.
Why should I stay updated on NEAR staking news?: Staying updated allows you to adapt to market changes and seize opportunities. Bookmark Bitcompare to receive timely updates, alerts, and analysis, aiding well-informed decision-making in the crypto market.