How to buy Near (NEAR) in Australia
Learn how to buy Near (NEAR) easily by following a step-by-step guide and compare 10+ crypto exchanges.
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How to buy Near
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Near.
- Open an account on an exchange that supports NEAR.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- 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 is Near?
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.
Near (NEAR) is the 17th largest cryptocurrency in the world by market cap, valued at $12,117,377,286. The current price of Near is $19.69, which is 1.967% higher than yesterday. Prices have ranged between $20.44 and $18.84 over the past 24 hours. All prices are listed in US dollars and accurate as of January 17, 2022 02:01 UTC.
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.
Is it a good time to buy Near?
The technical analysis gauge for Near displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Near based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Near: moving averages, oscillators and pivots. Finder is not responsible for how NEAR performs.
Near at a glance
|Total NEAR supply||1,000,000,000|
|All time high||US$20.44|
|Notable team members||Alexander Skidanov, Illia Polosukhin|
|Token uses||Utility token|
Near price performance over time
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.
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.
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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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