What are NEAR Protocol and NEAR?
NEAR is the native token used in NEAR Protocol. It pays the transaction fees whenever people use applications on the network.
NEAR Protocol also uses sharding. Put simply, sharding splits network activity into smaller sections, called shards, to spread the load across the blockchain.
How to buy NEAR Protocol in Australia
In the Crypto.com App, here's the basic flow:
- Create your account and complete identity verification.
- Add funds to your account.
- Tap 'Buy' and search for NEAR Protocol.
- Choose a payment method and enter the amount in Australian dollars.
- Tap 'Confirm' to complete your purchase.
What payment methods can you use to buy NEAR Protocol?
For Australian users, the Australian dollar (AUD) is the primary fiat currency accepted.
You can fund your account with PayID, a debit or credit card (Visa or Mastercard), Apple Pay, Google Pay, or by transferring crypto to your wallet.
PayID deposits are free on Crypto.com. To withdraw AUD, you'll first need to make an AUD deposit via PayID, and fiat withdrawals are made by bank transfer through the New Payments Platform.
Can you buy a fraction of NEAR Protocol?
Yes. Cryptocurrencies are highly divisible, so you don't need to buy a whole NEAR token.
Fractional purchases of NEAR Protocol start from AUD 20.
