What are NEAR Protocol and NEAR?
NEAR is the native token used in NEAR Protocol. It is used to pay transaction fees when people use applications on the network.
NEAR Protocol also uses sharding. In simple terms, sharding splits network activity across smaller sections, called shards, to distribute load across the blockchain.
How to buy NEAR Protocol in the US
In the Crypto.com App, the basic flow is:
- 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 US dollars.
- Tap 'Confirm' to complete the purchase.
What payment methods can you use to buy NEAR Protocol?
For US-based users, the US dollar (USD) is the primary fiat currency accepted.
You can fund your account by bank transfer, credit/debit card, Apple Pay, Google Pay or by transferring crypto to your wallet. ACH and wire transfer are USD deposit options for the Fiat Wallet.
If you deposit USD directly via Local Bank Transfer, you can avoid foreign exchange fees when buying NEAR Protocol at the real market price.
Can you buy a fraction of NEAR Protocol?
Yes. Cryptocurrencies are highly divisible, so US users don't need to buy a whole NEAR token.
Fractional purchases of NEAR Protocol start from US$1.
