How to Stake NEAR Protocol (NEAR) on MyNearWallet
MyNearWallet directly supports NEAR staking. Here's how to get started and earn up to 4.7% APY.
Current APY
4.7%
Price
$1.37
Platform Fee
No
Platform Type
wallet
Start Staking NEAR on MyNearWallet
MyNearWallet gives you full control of your assets.
Stake NEAR on MyNearWallet →Step-by-Step: Stake NEAR on MyNearWallet
Install MyNearWallet
Download and install MyNearWallet from its official site. Set up a new wallet or import an existing seed phrase, and back up your recovery phrase securely.
Fund the wallet with NEAR
Buy NEAR on an exchange (Coinbase, Kraken, Binance) and withdraw to your MyNearWallet address. Double-check the network before sending.
Open the staking section
In MyNearWallet, navigate to the staking or earn tab for NEAR Protocol. Pick a validator — look for low commission, long uptime, and avoid the top validator to support decentralization.
Delegate and confirm
Enter the amount of NEAR to stake and confirm the transaction. Rewards typically begin accruing in 1–2 epochs and compound automatically or are claimable from the same screen.
MyNearWallet for NEAR Staking: Pros & Cons
Pros
- + Browser-based — no install required
- + Direct delegation to any NEAR validator
- + Compatible with Ledger hardware wallets
- + Open-source codebase
Cons
- - NEAR-only; no multi-chain support
- - Web wallets carry phishing risk — bookmark the real URL
- - Original NEAR Wallet was deprecated in 2023; some legacy guides are outdated
Other Platforms for NEAR Staking
Exchange · 25–35% commission on rewards
Exchange · 10–20% commission
Exchange · Built into rates
Liquid Staking · 10% of staking rewards
validator · Varies (institutional pricing)
validator · 5–10% commission
wallet · No platform fee — only network/validator commission
wallet · No platform fee — validator commission only