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How to buy Near (NEAR) in the US
Learn how to buy Near (NEAR) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
How to buy Near
1. Compare crypto exchanges
The easiest way to buy Near is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
2. Create an account
To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.
3. Make a deposit
Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, paypal, wire transfer and credit or debit card payments are all widely accepted.
4. Buy Near
You can now exchange your funds for Near. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Near to your personal wallet.
Where to buy Near
Find an exchange to buy, sell and trade NEAR by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Steps on how to buy Near
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Near.
- Compare cryptocurrency exchanges that supports NEAR.
Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
- Create an account on an exchange.
You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Near.
- Buy Near.
Complete your Near purchase and then find the best wallet to store NEAR.
What to consider when buying NearBuying a cryptocurrency carries inherent risks and is often subject to price volatility. Before buying NEAR tokens here are some of the important factors to consider:
- Supply. When NEAR tokens were launched in 2020, there were 1 billion NEAR tokens. Every year the supply will increase by a maximum of 5% in order to pay network validators. According to the Near blog, the network will burn transaction fees it collects so that token supply will be reduced over time as the Near network grows.
- Staking vs holding. NEAR is currently minted at a maximum of 5% per year which means it is subject to a 5% annual inflation rate. This means you should consider the benefits of staking if you plan to hold NEAR long-term, in order to both benefit from and protect against inflation.
- Competition. The Near platform competes with other blockchain platforms such as Ethereum 2.0 and Polkadot.
How to sell Near
You can cash out your NEAR with the same exchange you bought it through:
- Sign in to the exchange you have NEAR on.
If you store your Near in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of NEAR you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Near.
Disclaimer: Cryptocurrencies, including Near, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of NEAR is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Near or any other cryptocurrency discussed.
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