How to Stake NEAR Protocol (NEAR): A Step-by-Step Guide for South Africans

Introduction

Staking 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. Acquire NEAR Protocol (NEAR) Tokens
To stake NEAR Protocol, you first need to acquire it. To obtain NEAR Protocol, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
Nexo NEAR Protocol (NEAR) 1,7
PrimeXBT NEAR Protocol (NEAR) 1,69
YouHodler NEAR Protocol (NEAR) 1,69
Binance NEAR Protocol (NEAR) 1,69
BTSE NEAR Protocol (NEAR) 1,69
View all 59 prices

Platform	Mint	Cost
Nexo	NEAR Protocol (NEAR)	1,7
PrimeXBT	NEAR Protocol (NEAR)	1,69
YouHodler	NEAR Protocol (NEAR)	1,69
Binance	NEAR Protocol (NEAR)	1,69
BTSE	NEAR Protocol (NEAR)	1,69

2. Select a NEAR Protocol Wallet

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

Platform	Mint	Staking rewards in South Africa
YouHodler	NEAR Protocol (NEAR)	Up to 12% APY
Uphold	NEAR Protocol (NEAR)	Up to 7,75% APY
Atomic Wallet	NEAR Protocol (NEAR)	Up to 11% APY
Bake	NEAR Protocol (NEAR)	Up to 6,5% APY
Binance	NEAR Protocol (NEAR)	Up to 3,8% APY

View all 31 staking rewards available

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. 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 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.