Cryptocurrencies

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How to get NEAR coin? All ways to get NEAR coin are explained in one article

NEAR coins can be acquired through various channels, including trusted crypto exchanges like Binance, Coinbase, and Kraken, which offer direct purchase and trading against fiat currencies or stablecoins.

Oct 01, 2024 at 01:00 am

How to Get NEAR Coin: Comprehensive Guide

NEAR coin is the native cryptocurrency of the NEAR Protocol, a decentralized application platform. There are multiple ways to acquire NEAR coins, including:

1. Purchasing on Crypto Exchanges

Several reputable crypto exchanges offer NEAR coin trading pairs, allowing you to buy it directly using fiat currencies (e.g., USD, EUR) or stablecoins (e.g., USDT, USDC). Some recommended exchanges include:

Binance
Coinbase
Gemini
Kraken
OKEx

2. Trading on Peer-to-Peer Marketplaces

Peer-to-peer (P2P) marketplaces facilitate direct trading between buyers and sellers without an intermediary. These platforms often offer competitive rates and provide escrow services for added security. Here are some prominent P2P marketplaces:

LocalBitcoins
Paxful
Bisq
Binance P2P

3. Mining NEAR (Upcoming)

The NEAR Protocol is expected to transition to proof-of-stake (PoS) consensus in the future. Once implemented, NEAR coins will become mineable, allowing users to participate in the network and earn rewards for securing it.

4. Staking NEAR

Currently, NEAR coins can be staked to validators, who are responsible for validating transactions on the NEAR blockchain. Stakers earn rewards based on the amount of NEAR they stake and the validator's performance.

How to Stake NEAR:

Choose a reputable staking pool or validator.
Transfer your NEAR coins to the staking address provided by the pool or validator.
Begin earning staking rewards.

5. Participating in NEAR Ecosystem Activities

The NEAR Protocol offers various opportunities to earn NEAR coins through its ecosystem activities, such as:

Participating in hackathons and bounty programs.
Developing and contributing to the NEAR ecosystem.
Liquidity mining on decentralized exchanges.

6. Acquiring through NEAR Foundation Grant

Organizations and individuals with promising projects or initiatives can apply for a NEAR Foundation grant, which may include funding in NEAR coins.

7. Earning NEAR through Airdrops

Occasional airdrops of NEAR coins may be distributed to promote the NEAR ecosystem or reward active community members. Follow NEAR's official channels for announcements regarding airdrops.

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