Earn up to
12% APY in the UAE.
An in-depth guide on how to stake NEAR Protocol (NEAR) in the UAE
We have extensive information on staking NEAR Protocol (NEAR), and we are pleased to share some of these insights with you.
We present you with various staking options featuring different cryptocurrencies that may pique your interest.
NEAR Protocol (NEAR) is currently priced at $9.92 with a 24-hour trading volume of $324.7M. The market cap of NEAR Protocol stands at $5.89B, with 1.17B NEAR in circulation. For those looking to buy or trade NEAR Protocol, YouHodler offers avenues to do so securely and efficiently}
Staking NEAR Protocol can be an excellent choice for individuals in the UAE looking to hold NEAR while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide to assist you.
To stake NEAR Protocol, you first need to acquire it. To obtain NEAR Protocol, you will need to purchase it from one of the popular exchanges available in the UAE.
| Platform | Cryptocurrency | Price |
|---|---|---|
| Nexo | NEAR Protocol (NEAR) | 1.71 |
| PrimeXBT | NEAR Protocol (NEAR) | 1.7 |
| YouHodler | NEAR Protocol (NEAR) | 1.7 |
| Binance | NEAR Protocol (NEAR) | 1.71 |
| BTSE | NEAR Protocol (NEAR) | 1.71 |
Once you have NEAR, you'll need to select a NEAR Protocol wallet to securely store your tokens. Here are some excellent options available in the UAE market.
| Platform | Cryptocurrency | Staking rewards in the UAE |
|---|---|---|
| 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 |
We recommend utilizing a staking pool when staking NEAR. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their NEAR, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
You will need to wait for your deposit to be confirmed by your digital wallet. Once it's confirmed, you will automatically validate transactions on the NEAR Protocol network. For these validations, you will be rewarded with NEAR.
In the UAE, it's important to factor in transaction and staking pool fees when engaging in cryptocurrency activities. Additionally, you may experience a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
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