How to Stake NEAR and Earn Rewards Using Trust Wallet

Staking NEAR through Trust Wallet gives you the opportunity to earn rewards while supporting the growth and stability of the NEAR Protocol. NEAR relies on staking to enhance its network security and transaction processing capabilities. When staking your NEAR tokens, you actively contribute to the network's efficiency and governance, while earning rewards for your participation.

Trust Wallet simplifies the NEAR staking process, providing a secure and intuitive platform for managing your NEAR tokens. This guide will walk you through the entire process of how to stake NEAR using Trust Wallet, from setting up your wallet to selecting a validator and unstaking your NEAR.

Before You Get Started

Remember that you can use Trust Wallet as your secure crypto wallet. Buy, sell, swap and stake crypto all in one place.

Trust Wallet also lets you manage and interact with 10M+ crypto assets across 100+ blockchains. Download the latest version of Trust Wallet today.

What is NEAR Staking?

NEAR staking is a key mechanism in the NEAR Protocol that enables you to earn rewards by contributing to the network's operations and security. When you stake NEAR tokens, you're participating in the network’s proof-of-stake (PoS) consensus mechanism. This process involves delegating your tokens to validators, who are responsible for validating transactions and securing the network. When staking, you help maintain the integrity of the blockchain, which is essential for its smooth operation.

In return for your contribution, you receive staking rewards in NEAR tokens. This process helps maintain the integrity of the blockchain and also provides you with a way to earn additional NEAR. Trust Wallet facilitates this process by offering a simple platform to stake NEAR, and manage your tokens. This makes it straightforward for both newcomers to participate and benefit from NEAR staking.

Why Choose Trust Wallet for Staking NEAR?

Trust Wallet is an excellent choice for staking NEAR because of its combination of user-friendly features, robust security, and comprehensive management tools. The wallet provides an intuitive interface that simplifies the staking process, making it accessible for everyone. With Trust Wallet, you maintain full control over your private keys and NEAR tokens, ensuring that your assets remain secure and under your ownership at all times.

Additionally, Trust Wallet supports a broad range of cryptocurrencies, enabling you to manage all your digital assets in one place. Choosing Trust Wallet for staking NEAR provides a secure, user-friendly, and feature-rich platform to maximize your staking rewards and effectively manage your investment.

Key Details for Staking NEAR Using Trust Wallet

Before you start staking NEAR with Trust Wallet, it’s important to understand the following key details:

Minimum Amount for Staking

To stake NEAR using Trust Wallet, you need a minimum of 0.1 NEAR. This threshold allows you to participate in staking and begin earning rewards, while still being accessible to a range of users.

Lockup Period for Staking

When you stake NEAR, your tokens are subject to a lockup period. If you decide to unstake your tokens, they will be locked for approximately 2 days. During this time, you won’t be able to access or transfer your tokens.

Receiving Rewards

You will start receiving staking rewards within approximately 12 hours after you begin staking. Rewards are distributed every 12 hours, aligning with each epoch, allowing for frequent reward accumulation.

Minimum Reward Amount to Claim

Your rewards are automatically restaked and added to your staking balance. You can claim your accumulated rewards when you choose to unstake your NEAR tokens. There is no specific minimum reward amount required to claim; rewards are processed with the unstaking. NEAR staking rewards are automatically restaked. This means your rewards are reinvested into your staking balance, contributing to compounding returns.

Trust Wallet does not control the minimum staking amount, lockup period, or the staking yield. These parameters are set by the NEAR network and its validators.

How to Stake NEAR Using Trust Wallet

Before you stake, be sure that you get the most up-to-date version of Trust Wallet.

Next, if you don’t have any NEAR in your wallet, you can deposit crypto using the “Receive” button, or buy crypto directly using Trust Wallet.

Now you’re ready to stake and earn rewards. Staking can be done in just a few steps, and here’s how.

Note: Below we’ll use staking NEAR as the example, but the process is generally the same for each asset.

• Select the “Earn” button from the wallet home screen.

• Select the asset you want to stake, in this example it’s “NEAR.”

• Select “Stake.”

• Choose the amount you want to stake, and choose the validator you want to use by selecting the Validator dropdown.

• Once you choose a validator, select “Continue.”

• Follow the remaining instructions to confirm your stake.

How to Unstake NEAR in Trust Wallet

If you would like to unstake your NEAR, simply follow the steps below:

• Navigate to ‘Earn’ on the main wallet page and select NEAR.

• Choose the Unstake option and proceed as per the given instructions.

In addition to staking crypto, Trust Wallet lets you manage and interact with 10M+ crypto assets across 100+ blockchains. Download the latest version of Trust Wallet today.

Frequently asked questions about staking NEAR using Trust Wallet

How much do you earn staking NEAR?

Staking rates may vary depending on the network, and the rate is not set or controlled by Trust Wallet. You can check the current rate anytime from within the app.

Note: Validators and delegators help secure the network through staking and will sometimes charge a commission for their services. This is neither controlled by Trust Wallet nor does Trust Wallet take any proportion of this commission.

What is the minimum amount to stake NEAR?

The minimum stake amount is 0.1 NEAR.

When do I start receiving rewards when I stake NEAR?

The time to your first reward is: 12 hours.

What is the reward frequency when I stake NEAR?

With each epoch (12 hours).

What’s the minimum reward amount in order to claim?

You claim when unstaking.

Are my NEAR staking rewards automatically restaked?

Yes.

What is the lockup period when I stake NEAR?

The lockup period is 2 days.

Can I use my NEAR while they are staked?

No, you won’t be able to use your tokens while they are staked/locked. Before you use your NEAR tokens, you’ll need to unstake them.

How do I unstake NEAR on Trust Wallet?

To unstake NEAR, do the following:

• Go to ‘Earn’ from the main wallet page, choose NEAR.

• Then choose Unstake and follow the instructions to confirm the unstaking process.

Note: You will not be able to withdraw your tokens while they are staked. If you want to withdraw your NEAR, staked NEAR takes 2 days to unstake. This is not something Trust Wallet controls.

How do I claim my rewards?

It’s important to note that rewards are added to your staked balance automatically. Therefore you’d claim those rewards by unstaking funds from your staked balance.

Closing Thoughts

Staking NEAR using Trust Wallet gives you a simple way to earn rewards on your NEAR tokens while supporting the security and stability of the NEAR network. Trust Wallet’s user-friendly interface and secure platform ensure that you can manage your staking activities with ease. With Trust Wallet, you have the tools and support needed to manage your staking activities effortlessly.

Disclaimer: Content is for informational purposes and not investment advice. Web3 and crypto come with risk. Please do your own research with respect to interacting with any Web3 applications or crypto assets. View our terms of service.

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.