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 might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

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

   To stake Binance-Peg NEAR Protocol, you first need to acquire it. To obtain Binance-Peg NEAR Protocol, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Kraken	Binance-Peg NEAR Protocol (NEAR)	2.83 APY
   Coinbase	Binance-Peg NEAR Protocol (NEAR)	2.83 APY
   Azbit	Binance-Peg NEAR Protocol (NEAR)	2.82 APY
   CoinEx	Binance-Peg NEAR Protocol (NEAR)	2.82 APY
   Kucoin	Binance-Peg NEAR Protocol (NEAR)	2.83 APY
   Klink	Binance-Peg NEAR Protocol (NEAR)	2.82 APY

   See all 12 prices in Uganda

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 reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   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 simpler and quicker to get started. A staking pool is a collective of validators who combine their NEAR, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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 Binance-Peg NEAR Protocol network. You'll be rewarded with NEAR for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.