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guide-how-to-stake-neo.md

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Guide: How to stake NEO

🏁1. Prerequisites

In order to stake, NEO must be stored on a local wallet, where you control the seed/private keys.

{% hint style="info" %} Remember, it's best practice to always withdraw coins from an Exchange. {% endhint %}

🌜 2. Download and use a compatible wallet

{% content-ref url="../../wallets/desktop-wallets/o3-neo-ont.md" %} o3-neo-ont.md {% endcontent-ref %}

{% content-ref url="../../wallets/mobile-wallets/exodus-multi-chain-assets.md" %} exodus-multi-chain-assets.md {% endcontent-ref %}

🔥 3. Stake your NEO

{% hint style="info" %} Staking NEO means generating GAS. It's easy to stake because holding NEO in your own wallet is the only requirement. {% endhint %}

  1. Open NEO wallet
  2. Copy your NEO address
  3. Send or withdraw NEO from exchange or other wallet to your NEO address

O3 Wallet: Copy your NEO address

{% hint style="success" %} :sparkles: Now you're staking NEO and earning GAS, every block or 16 seconds. {% endhint %}