How to buy NEAR Protocol (NEAR) in Canada

How to Buy NEAR in Canada

NEAR Protocol aims to compete with Ethereum as a decentralized application (dApp) platform that focuses on developer and user-friendliness.

BUY PRICE1 NEAR = CAD $0.00

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SELL PRICE1 NEAR = CAD $0.00

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SUMMARY1. Brief Intro2. Price3. How to Buy4. Why Netcoins?5. About Near

Brief Intro

NEAR Protocol was founded in 2017 by Erik Trautman, Alexander Skidanov and Illia Polosukhin. The protocol is a software that aims to operate a platform for developers to create and launch decentralized applications (dApps). NEAR is the native token of the NEAR Protocol ecosystem and is used by users to pay for using dApps and validators/delegators who run the network through staking. If you are wondering how to buy NEAR in America, Netcoins is a publicly-traded, fully regulated crypto trading platform. It’s a platform free to fund with e-Transfers, with free cash withdrawals, and live customer support service seven days a week. We make it simple for Americans to buy NEAR and other cryptocurrencies.

NEAR Price

Buy NEAR

NEAR / CAD

CAD $ -

1H24H7D

Buy Price$0.00

Sell Price$0.00

24h High$0.00

24h Low$0.00

How to Buy NEAR

1. Create an Account

2. Fund It

Your Netcoins account can be funded with a crypto deposit, an ACH transfer or a bank wire transfer.

3. Start Trading

Buy and sell as much Near Coin as you want with no slippage due to our deep liquidity.

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More about NEAR

Why Buy Near Protocol?

NEAR Protocol aims to accomplish similar things to Ethereum as a development platform for decentralized applications. However, the protocol focuses on efficiency to deliver low fees and scalability which developers value. The development platform has several features which make it convenient and easy-to-use. These include various command-line interface tools, compatibility with different wallet applications, and interoperability modules which give developers an easy to use, scalable ecosystem. The platform is also committed to measuring, lowering, and offsetting its carbon impact through green activities, making it climate-neutral. From an investment perspective, buying NEAR could be considered an opportunity to bet on the future growth of NEAR Protocol. As the native token of the platform, NEAR is heavily integrated into the project's development and operations making it a worthwhile investment that could appreciate in price should the NEAR Protocol continue to grow.

How is Near Protocol Unique?

NEAR Protocol differentiates itself through scalability and low costs. It uses a unique form of sharding to enable a network capacity of nearly 100,000 transactions per second. Additionally, NEAR looks to offer significantly cheaper transaction fees than Ethereum. Sharding is a concept where data is split into smaller chunks for storage. This method leads to vastly improved throughput as it enables the network to process multiple transactions in parallel. This is an improvement from the likes of Bitcoin which require each node (computer) to verify every single transaction and store the entire history of the blockchain, which consequently can slow down or clog up the network in periods of high activity. Unique from the beginning, NEAR Protocol was one of the first chains to focus on functionality, by allowing users to borrow and lend various stablecoins and altcoins through their various decentralized finance (DeFi) products.

What is a Decentralized Application Platform? (dApp)

Digital apps or programmes known as "decentralized applications" (dApps) are like any normal applications out there, except that they run on a blockchain and use smart contracts (or code that doesn’t need a middleman). A dApp platform like the NEAR Protocol allows developers to create their own dApps. DApps exist and operate on a peer-to-peer (P2P) network of computers rather than a single computer. They" exist outside of the jurisdiction and control of a single authority.” For example, the Ethereum platform is frequently used to create dApps, which can be used for a range of things like gaming, finance, and social networking. However, NEAR can do this too at a fraction of the cost.

What Can You Do With NEAR?

NEAR is an ERC-20 token native to NEAR Protocol (in other words NEAR is its official utility token). With a supply cap of 1 billion tokens, NEAR can be held as a long term investment which could act as a hedge against things such as inflation. However, aside from holding the token for the long-term, there are several things that can be done with it. NEAR is used as NEAR Protocol’s governance token and can be used to vote on different proposals by its users. Your voting power is dependent on how many tokens you hold. Additionally, NEAR can be used to pay for transactions within the NEAR Protocol ecosystem. Lastly, the Proof-of-Stake protocol (which NEAR runs on) is dependent on NEAR tokens to pay its validators as well as developers who build smart contracts on chains.

How Much NEAR Can I Buy?

NEAR, like other cryptocurrencies, is highly divisible. You can buy a whole NEAR token or fractions of it. When opting to buy NEAR in America, a platform like Netcoins allows you to buy whatever dollar amount of NEAR tokens you’d like. Buying NEAR in regular intervals (like days, weeks or months) is known as dollar-cost averaging and can be a great way to average the price you buy at. All of these options are available on Netcoins, America’s first publicly-owned, fully regulated cryptocurrency trading platform

How Do I Store My NEAR?

You can buy NEAR tokens from crypto trading platforms, like Netcoins, and leave your NEAR tokens inside the platform. However, there are much safer options to storing your NEAR as leaving them in exchanges can expose them to certain risks like hacking and theft. The safest option to keep your NEAR secure is to transfer them into an NEAR wallet. A NEAR wallet is a type of digital wallet that is used to send and receive NEAR tokens, similar to a Google wallet or a physical wallet. There are four different types of NEAR wallets: hardware wallets, desktop wallets, mobile wallets and web wallets.

FAQs

WHY IS KYC (VERIFICATION) REQUIRED?

Netcoins USA is a licensed money service business under FinCEN, we adhere to the strict guidelines set by them for Money Transmitter Businesses. We are required to have a Know-Your-Customer (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers, as per American regulations.

WHAT DO I NEED TO PROVIDE FOR YOUR VERIFICATION PROCESS?

You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business in the US.

HOW CAN I FUND MY ACCOUNT?

Your Netcoins account can be funded with a crypto deposit, regular ACH, ACH pre-funding or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy ENJ in the US.

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