How to buy Near (NEAR) in Australia
A beginner's guide to buying and selling NEAR in Australia.
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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 77th largest cryptocurrency in the world by market cap, valued at $922,337,409. The current price of Near is $2.24, which is 0.663% higher than yesterday. Prices have ranged between $2.4 and $2.07 over the past 24 hours. All prices are listed in US dollars and accurate as of June 24, 2021 03:06 UTC.
Where to buy NearFind 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.
Near at a glance
|Total NEAR supply||1,000,000,000|
|All time high||US$7.56|
|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 cryptocurrencyBuying cryptocurrency can be a risky endeavor, but there are precautions you can take to help mitigate risk:
- Don't FOMO buy coins: Spend time researching a coin before you decide to invest, particularly if the coin's price is spiking for seemingly no reason.
- Stick with well known exchanges: Unless you're an experienced cryptocurrency trader, stick to more well known crypto exchanges to help avoid the possibility of losing your money in a scam. When possible, store your crypto on a hardware wallet instead of on an exchange.
- Look into the coin's founders and developers: Anonymous teams are often a red flag, so if you can't find details on the creator of the coin you may want to consider investing in a different cryptocurrency.
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