What are NEAR Protocol and NEAR?
NEAR Protocol has a native token called NEAR. On the network, NEAR is used to pay transaction fees, support processing and storage, and move value between NEAR accounts and applications.
NEAR can also be exchanged at the protocol level without trusted third parties clearing or settling the transfer.
How do you send NEAR in the Crypto.com App?
In the Crypto.com App, here's the basic flow:
- Open the App, go to 'Accounts', tap 'Crypto Wallet' and find your NEAR balance.
- Tap 'Transfer', then 'Withdraw'.
- Choose 'Crypto.com Users' for another App user, or 'External Wallet' for an outside address.
- Enter the NEAR amount, check the network details and verify the withdrawal using your preferred protection method, such as two-factor authentication (2FA).
What fees and timing can apply when you send NEAR?
It depends on the route.
Sending NEAR to another Crypto.com App user is instant and free of charge, though other fees, spreads or transfer limits may apply. If you withdraw NEAR to an external wallet, standard network withdrawal fees apply.
Timing for external transfers depends on current network traffic and can take a few minutes, or longer during busy periods. Review the transaction details and network costs in the App before you confirm.
What should you check before sending NEAR externally?
For an external NEAR withdrawal, you'll need the recipient's exact public wallet address. Depending on the network, a destination tag or memo may also be required.
Before sending NEAR to a new external address in the App, you must add it to your withdrawal whitelist and verify the addition with a protection method, such as 2FA. Check the address and network details carefully before you confirm.
