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 may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African 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'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Coinbase	Binance-Peg NEAR Protocol (NEAR)	1,56
   Kraken	Binance-Peg NEAR Protocol (NEAR)	1,56
   Azbit	Binance-Peg NEAR Protocol (NEAR)	1,56
   CoinEx	Binance-Peg NEAR Protocol (NEAR)	1,56
   Kucoin	Binance-Peg NEAR Protocol (NEAR)	1,56
   Klink	Binance-Peg NEAR Protocol (NEAR)	2,36

   View all 12 prices

2. 2. Select a Binance-Peg NEAR Protocol Wallet

   Once you have NEAR, you'll need to choose a Binance-Peg NEAR Protocol wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   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 take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.