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.
Where do I keep my NEAR (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.
Ready to add NEAR (NEAR) to your portfolio?
Create your account, fund it with spare change and get a little bit of NEAR.
