What is NEAR (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.
How to buy NEAR (NEAR)?
Here's how to buy NEAR on Coinsquare
To buy NEAR, 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 price and convert NEAR to CAD or USD 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 (NEAR)
Congratulations! You’re now the proud owner of NEAR. You can either HODL or use it to exchange NEAR to CAD or any other cryptocurrency listed on Coinsquare.
Where do I keep my NEAR (NEAR)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. Client assets are securely stored 1 to 1 in cold storage with approved custodians, kept separate from operational funds, and never utilized for lending purposes.
All client assets are held in trust with external, licensed custodians with a combined $680M USD in insurance. Additionally, CCML maintains Vault Risk insurance beyond those of its custodians that cover risks related to the cold storage of its clients’ crypto assets. And the cash held in your account is insured against insolvency by the Canadian Investment Protection Fund (CIPF). This means that in the unlikely event that Coinsquare (CCML) becomes insolvent, CIPF will cover any shortfall of cash held in client accounts up to $1 million CAD per account.
Ready to add NEAR (NEAR) to your portfolio?
Create your account, fund it with spare change and get a little bit of NEAR.
