OKX
NEAR Protocol (NEAR) is the 19th largest cryptocurrency by market cap, valued at US$6,553,140,966.
NEAR Protocol is a highly volatile asset capable of major price swings in a single day. Today NEAR is trading for $5.92 USD, which is higher than yesterday's trading price of $5.67 USD. Over the past year, NEAR Protocol's price has seen an increase of 308%.
So before you buy NEAR Protocol, make sure you understand these unique risks as well as its legal and tax status here in Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy NEAR Protocol.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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 exchange.
Near is a smart contract blockchain platform, which competes with Ethereum 2.0 and is designed to be compatible with many of its features (including existing tokens and solidity contracts). According to its website, you can use Near to create a decentralised application in 5 minutes. As a NEAR token holder you can use applications on NEAR, participate in network governance and earn token rewards. There are two major groups who use the NEAR token: users who are using apps built on the NEAR platform and token holders who lend their tokens to a validating pool in exchange for returns. NEAR tokens were launched in August 2020 via an initial coin offering (ICO) which raised US$10 million at $0.40 per coin.
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading NEAR Protocol.
Once you've created an account, you will need to deposit funds to buy NEAR with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy NEAR:
The easiest way to buy NEAR is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying NEAR, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of NEAR Protocol has been performing recently.
You can keep your NEAR on the exchange you purchased it on, or move it to a personal wallet:
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 9,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $179 |
Price (USD) $49.99 |
See more of the best crypto wallets
Compare today's price of NEAR Protocol ($5.92 USD) against its all-time-high price of $20.44 USD on 16 January 2022. The closer the bar is to 100%, the closer NEAR is to reaching its ATH again.
Disclaimer: Cryptocurrencies, including NEAR Protocol, 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 Protocol or any other cryptocurrency discussed.
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