How to get NEAR coins? Understand how to get NEAR coins in one article

To acquire NEAR coins, individuals can purchase them on major cryptocurrency exchanges, stake NEAR to earn rewards, participate in ecosystem projects, or accept NEAR as payment for services or goods.

Oct 06, 2024 at 06:59 pm

How to Get NEAR Coins

NEAR is a high-performance, scalable, and user-friendly proof-of-stake blockchain platform. Its native token, NEAR, is used to pay for transaction fees, staking, and governance. Here's how to get NEAR coins:

1. Purchase NEAR on Exchanges

Several major cryptocurrency exchanges support the trading of NEAR coins, including:

Binance
Coinbase
Huobi
KuCoin
OKX

To purchase NEAR on an exchange, you'll need to:

a) Create an account on the chosen exchange.
b) Deposit funds (e.g., fiat or other cryptocurrencies) into your account.
c) Find the NEAR/USDT or NEAR/BTC trading pair.
d) Place a buy order and specify the amount of NEAR you wish to purchase.

2. Earn NEAR through Staking

Staking is the process of holding and securing a cryptocurrency on a proof-of-stake blockchain. By staking NEAR, you can earn rewards proportional to the amount staked. You can stake NEAR in the following ways:

a) NEAR Wallet: Stake your NEAR directly through the official NEAR wallet.
b) Staking Pools: Join staking pools where your NEAR is combined with others and staked by a validator. You'll receive a portion of the rewards based on your contribution.
c) NEAR Staking Platform (NSP): Stake your NEAR in a centralized platform provided by NEAR Foundation.

3. Participate in NEAR Ecosystem Projects

The NEAR ecosystem offers various opportunities to earn NEAR coins by participating in projects and initiatives. These may include:

a) Participating in Testnets: Test networks are used to test new features and updates on the NEAR blockchain. You can earn NEAR for contributing code or providing feedback.
b) Hackathons and Bounties: Hackathons are coding competitions that often reward participants with NEAR coins for developing innovative solutions on the NEAR platform.
c) Grants and Incubators: NEAR Foundation offers grants and incubators to individuals and startups building projects on the NEAR ecosystem.

4. Accept NEAR as Payment

If you run a business or offer freelance services, you can start accepting NEAR coins as a form of payment. This is a great way to acquire NEAR and support the growth of the ecosystem.

Conclusion

Getting NEAR coins is accessible and allows for various methods, including purchasing on exchanges, earning through staking, participating in ecosystem projects, and accepting NEAR as payment. By following these steps, you can start accumulating NEAR and be part of the growing community building on the NEAR platform.

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