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A comprehensive guide on how to stake NEAR Protocol (NEAR)
We have extensive data on staking NEAR Protocol (NEAR) and we are sharing some of this information with you.
We present various staking options with different coins that may pique your interest.
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Staking NEAR Protocol is an excellent choice for those looking to hold NEAR while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
To stake NEAR Protocol, you first need to acquire it. You can purchase NEAR Protocol from various popular exchanges.
Once you have NEAR, you'll need to select a NEAR Protocol wallet to keep your tokens safe. Here are some great options.
| Platform | Coin | Staking benefits |
|---|---|---|
| YouHodler | NEAR Protocol (NEAR) | Earn up to 12% APY |
| Uphold | NEAR Protocol (NEAR) | Earn up to 7.75% APY |
| Atomic Wallet | NEAR Protocol (NEAR) | Earn up to 11% APY |
| Bake | NEAR Protocol (NEAR) | Earn up to 6.5% APY |
| Binance | NEAR Protocol (NEAR) | Earn up to 3.8% APY |
We suggest using a staking pool for staking NEAR. It's easier and quicker to start. A staking pool consists of validators who pool their NEAR, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the NEAR Protocol network. You will be rewarded with NEAR for these validations.
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
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