How to Stake Neon (NEON): A Step-by-Step Guide

Introduction

Staking Neon can be a great option for those who want to hold NEON 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 Neon (NEON) Tokens
In order to stake Neon, you need to have it. To obtain Neon, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Coinbase Neon (NEON) 0.36
Bitmart Neon (NEON) 0.36
BingX Neon (NEON) 0.36
Kucoin Neon (NEON) 0.36
Bybit Neon (NEON) 0.36
Gate.io Neon (NEON) 0.36
See all 8 prices
2. Choose a Neon Wallet
Once you have NEON, you’ll need to choose a Neon wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Everstake Neon (NEON) Up to 0 APY
3. Delegate Your NEON
We recommend using a staking pool when staking NEON. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their NEON, 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 Neon network. You’ll be rewarded with NEON for these validations.

Platform	Coin	Price
Coinbase	Neon (NEON)	0.36
Bitmart	Neon (NEON)	0.36
BingX	Neon (NEON)	0.36
Kucoin	Neon (NEON)	0.36
Bybit	Neon (NEON)	0.36
Gate.io	Neon (NEON)	0.36

Platform	Coin	Staking rewards
Everstake	Neon (NEON)	Up to 0 APY

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

Neon (NEON) is currently priced at 0 with a 24-hour trading volume of $1,748,025. The market cap of Neon stands at $42,805,477, with $120,006,983.33 NEON in circulation. For those looking to buy or trade Neon, Everstake offers avenues to do so securely and efficiently}

Market cap: $42.81M
24h volume: $1.75M
Circulating supply: $120.01M

See latest information

Frequently Asked Questions About Staking Neon (NEON)

What is Neon EVM staking?: Staking Neon EVM involves holding and locking NEON tokens in a wallet to support network operations like transaction validation. In return, participants may earn rewards. Remember to stay informed about the latest rates and events through platforms like Bitcompare.
How are staking rewards calculated?: Staking rewards are generally based on the number of NEON tokens staked and the duration of the staking period. It's crucial to stay updated with real-time rates and events through tools on Bitcompare to ensure a clear understanding of potential rewards.
When will I receive my staking rewards?: NEON staking rewards are typically distributed at regular intervals. However, distribution times can vary, so check current information on platforms like Bitcompare for the most accurate timelines.
What are the risks of staking Neon EVM?: While staking NEON can be rewarding, it's not without risks like token price volatility and network issues. Stay informed by using Bitcompare for updated risk analysis and the latest market sentiment to make informed staking decisions.
Can I unstake my NEON tokens anytime?: Unstaking policies can differ according to the platform used. It's important to verify specific terms and conditions. Use Bitcompare to stay informed about any changes or updates to unstaking policies.
How do staking rewards influence NEON's price?: Staking can increase demand for Neon EVM tokens, potentially influencing its price. Keep an eye on real-time price comparisons and market sentiment available on Bitcompare to gain insights on how staking might impact prices.
Are there fees involved in NEON staking?: Some platforms may charge fees for staking NEON tokens. To avoid surprises, regularly consult Bitcompare for updated information on fees associated with NEON staking on different platforms.
Where can I find the most reliable rates and prices for NEON?: For the most reliable rates and real-time price comparisons, utilize Bitcompare's tools. Bookmark the page to receive timely email alerts and updates on NEON and the overall market, ensuring you have the information needed to stay ahead.