What are NEAR Protocol and NEAR?
NEAR Protocol and NEAR are related, but they are not the same thing. NEAR Protocol is the network, whereas NEAR is the native token used within it.
On the network, NEAR is used to process transactions, store data, transfer value between NEAR applications and accounts, and help secure the network through staking.
How to buy NEAR Protocol in the UK
In the Crypto.com App, the basic steps are:
- Sign up and verify your identity.
- Add funds to your account.
- Go to the trading screen, select NEAR Protocol and complete your purchase.
Before you confirm, check the order details so you are clear on the amount and any costs shown.
Ways to fund a NEAR purchase
You can fund your account for NEAR with a free bank transfer, a debit or credit card (Visa or Mastercard), Apple Pay, Google Pay or crypto deposited from another wallet.
The minimum amount needed to buy NEAR Protocol on Crypto.com is £1. This means you can buy a small fraction of NEAR Protocol rather than a whole token.
Can you use Crypto.com App Staking with NEAR?
NEAR Protocol (NEAR) is supported in the Crypto.com App's Staking feature. To use it, go to Menu > Staking, choose NEAR Protocol, enter the amount, review the Staking Terms and Conditions and Privacy Notice, then submit the request.
Eligibility varies. Reward rates are not guaranteed and may change depending on network activity. Crypto.com deducts a 35% service fee from NEAR staking rewards. Crypto.com does not impose a minimum staking period or fixed term. Supported blockchains may impose minimum bonding or unbonding periods.
Staking rewards, fee reduction, and other benefits referenced in this article may be subject to eligibility requirements, token holdings, and may change at the discretion of Crypto.com.