How to buy NEAR Protocol

NEAR

NEAR is the native token of the Near Protocol, which is a layer-1 proof-of-stake blockchain network. NEAR’s technology leverages sharding, a fundamental aspect of Ethereum’s upgrading plans, to facilitate its high transaction throughput and scalability. It has been architected to be developer and user friendly, which intends to accelerate the dApp development process and minimize resistance to new user onboarding. Its mainnet launched in April 2020, with on-chain governance activated in October 2020. You can buy and sell NEAR for any major cryptocurrency – like ETH and XRP – or traditional currency such as Canadian Dollar, US Dollar. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade NEAR for ETH the same way you trade CAD for USD. You can also trade NEAR to CAD based on the NEAR price. To learn how to buy NEAR Protocol / NEAR, scroll down to see how to buy NEAR Protocol.

NEAR Protocol, a community-run cloud computing platform and layer-one blockchain, attempts to eliminate blockchain restrictions such as limited throughput and poor compatibility to provide an environment for DApps. Nightshade, a form of sharding, offers concurrent transaction processing across many sharded chains, enabling up to 100,000 transactions per second and nearly zero transaction costs. Human-readable account names and modular components simplify onboarding for speedier project start-up in NEAR Protocol. Erik Trautman, Illia Polosukhin, Alexander Skidanov, and others created the NEAR Collective, which updates the ecosystem and original code. NEAR has corrected vulnerabilities on Aurora, its Ethereum sidechain, and launched a $800 million ecosystem fund and a JavaScript blockchain developer kit.

NEAR Protocol (NEAR)

All prices are in USD.

How to buy NEAR Protocol

NEAR

NEAR is the native token of the Near Protocol, which is a layer-1 proof-of-stake blockchain network. NEAR’s technology leverages sharding, a fundamental aspect of Ethereum’s upgrading plans, to facilitate its high transaction throughput and scalability. It has been architected to be developer and user friendly, which intends to accelerate the dApp development process and minimize resistance to new user onboarding. Its mainnet launched in April 2020, with on-chain governance activated in October 2020. You can buy and sell NEAR for any major cryptocurrency – like ETH and XRP – or traditional currency such as Canadian Dollar, US Dollar. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade NEAR for ETH the same way you trade CAD for USD. You can also trade NEAR to CAD based on the NEAR price. To learn how to buy NEAR Protocol / NEAR, scroll down to see how to buy NEAR Protocol.

Here’s how to buy NEAR Protocol on Coinsquare

Buying NEAR Protocol is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for NEAR Protocol, which trades as NEAR. Based on when you think you can get a good NEAR price, you should be able to trade NEAR to CAD.

To buy NEAR Protocol, simply follow these steps:

1

Sign up for a Coinsquare account and verify your identity

This is the first step to buying NEAR. Verifying your identity helps us to properly connect your funds to your account.

2

Fund your account with Canadian Dollars

Funding is like putting gas into a car – it helps you get where you want to go.

3

After funding, select NEAR from the list on the trade section

Coinsquare lets you trade NEAR without leaving the app. You can also check the NEAR Protocol stock price and convert NEAR to CAD on the platform.

4

Select a currency you’ve funded and use it to check the NEAR price

In the Coinsquare app, all currencies available to trade can be found in the drop down list.

5

Buy NEAR

Congratulations! You’re now the proud owner of NEAR. You can either HODL or use it to exchange NEAR to CAD. To the moon!

NEAR Protocol, a community-run cloud computing platform and layer-one blockchain, attempts to eliminate blockchain restrictions such as limited throughput and poor compatibility to provide an environment for DApps. Nightshade, a form of sharding, offers concurrent transaction processing across many sharded chains, enabling up to 100,000 transactions per second and nearly zero transaction costs. Human-readable account names and modular components simplify onboarding for speedier project start-up in NEAR Protocol. Erik Trautman, Illia Polosukhin, Alexander Skidanov, and others created the NEAR Collective, which updates the ecosystem and original code. NEAR has corrected vulnerabilities on Aurora, its Ethereum sidechain, and launched a $800 million ecosystem fund and a JavaScript blockchain developer kit.

Where do I keep my NEAR?

At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.

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Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.