Last update: Jun 6, 2022

How to Buy NEAR Protocol (NEAR)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy NEAR Protocol. Depending on where you live, you’ll have various crypto exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Near protocol

How to Buy NEAR Protocol – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have NEAR Protocol of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy NEAR Protocol

Now that you have what you need to buy NEAR Protocol, head over to the market or buy section of the cryptocurrency exchange and buy some NEAR.

If the crypto exchange doesn’t have any NEAR Protocol on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has NEAR Protocol first), and trade your Ethereum for NEAR Protocol.

Where to Buy NEAR Protocol (NEAR)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell NEAR Protocol

  1. Sign into the crypto trading platform where you bought NEAR Protocol.
  2. Move your NEAR Protocol to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell NEAR Protocol.

 

Crypto trading

How to Buy NEAR Protocol (NEAR) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy NEAR Protocol in Australia, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy NEAR Protocol if it’s available. If the exchange doesn’t have NEAR Protocol. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has NEAR Protocol), and trade your ETH for NEAR Protocol.

Alternatively, if you want to know more about which exchanges we recommend, look at our list of the cryptocurrency exchanges in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy NEAR Protocol (NEAR) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy NEAR Protocol in Canada, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy NEAR Protocol if it’s available. If the exchange doesn’t have NEAR Protocol. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has NEAR Protocol), and trade your ETH for NEAR Protocol.

Also, take a look at our analysis of the best cryptocurrency trading platforms in Canada if you’re interested in learning more about which exchanges we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy NEAR Protocol (NEAR) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy NEAR Protocol in the UK, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy NEAR Protocol if it’s available. If the exchange doesn’t have NEAR Protocol. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has NEAR Protocol), and trade your ETH for NEAR Protocol.

Also, check out our comparison of the UK cryptocurrency exchanges for those looking to learn more about which ones we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying NEAR Protocol? NEAR Rundown

NEAR Protocol, a layer-one crypto-currency, was created to be a community-run cloud computing platform. It eliminates many of the limitations that have plagued other blockchains such as slow transaction speeds and poor interoperability. This creates the perfect environment for DApps, and makes it easy to use as a platform for developers. NEAR, for example, uses human-readable account numbers, which is different from the cryptographic wallet addresses used by Ethereum. NEAR has its own consensus mechanism, "Doomslug", and offers unique solutions for scaling issues.

The NEAR Collective is currently building NEAR Protocol. This community is updating the initial code, and releasing updates for the ecosystem. Its stated goal is to create a platform that is secure enough to manage high-value assets such as money and identity, but performant enough to be useful for everyday users.

Flux, which allows developers to create market based on assets and commodities, and Mintbase (an NFT minting platform), are two examples of projects built on NEAR Protocol.

NEAR uses Nightshade technology to increase transaction throughput dramatically. Nightshade, a variant of sharding in which multiple sets of validators process transactions simultaneously across multiple sharded chain chains, improves the overall blockchain's capacity. Nightshade is different from regular sharding. It produces a fraction of the next block (called "chunks"), which allows NEAR Protocol to reach near-instant transaction finality and can achieve 100,000 transactions per second.

NEAR Protocol simplifies the complicated onboarding process for other blockchains. It has human-readable addresses, and builds decentralized applications that have a similar registration process to what users have experienced. It also provides modular components that developers can use to quickly start projects such as token contracts and NFTs.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.