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 Bitmart NEAR Protocol (NEAR) Up to 0.8 APY Binance NEAR Protocol (NEAR) Up to 4.9 APY Bitget NEAR Protocol (NEAR) Up to 9 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 $7.04 with a 24-hour trading volume of $301.44M. The market cap of NEAR Protocol stands at $6.18B, with $1.22B NEAR in circulation. For those looking to buy or trade NEAR Protocol, Uphold offers avenues to do so securely and efficiently}
- Market cap
- $6.18B
- 24h volume
- $301.44M
- Circulating supply
- $1.22B
Frequently Asked Questions About Staking NEAR Protocol (NEAR)
- What is staking on the NEAR Protocol?
- Staking on the NEAR Protocol involves locking your NEAR tokens in a network to help secure and validate transactions. In return, stakers earn rewards. It's a way to contribute to the network's security and earn additional NEAR tokens.
- How are staking rewards calculated for NEAR?
- Rewards are calculated based on the amount of NEAR tokens staked, the duration they are staked, and the overall network performance. Your rewards may vary, so it's crucial to stay informed about current rates on platforms like Bitcompare.
- What is the typical staking reward rate for NEAR?
- The typical reward rate can vary depending on network conditions and your staking method. To get the most accurate and up-to-date information, check trusted platforms like Bitcompare for real-time rates and updates.
- Can I unstake my NEAR tokens anytime?
- Yes, you can unstake your NEAR tokens, but the process includes an unbonding period during which you won't earn rewards or have access to your tokens. Ensure you're aware of these terms by consulting reliable sources like Bitcompare.
- Are there risks associated with staking NEAR?
- Staking involves both rewards and risks, like token value volatility and the locking period. Stay informed of potential risks by using resources like Bitcompare to stay updated with NEAR's market conditions.
- How often are staking rewards distributed?
- Staking rewards on NEAR are typically distributed every epoch, which lasts about 12 hours. Staying informed through tools on Bitcompare helps ensure you receive the most current distribution schedule.
- Where can I find the latest news about NEAR staking rewards?
- For the latest NEAR staking news and updates, use platforms like Bitcompare, which offer tools like sentiment analysis and real-time news updates to keep you well-informed about the crypto market.
- How can I maximize my NEAR staking rewards?
- To potentially maximize rewards, use reliable tools like those on Bitcompare to analyze real-time rates and market trends. Monitoring these resources regularly can help you make well-informed decisions.
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