How to trade NEAR coins to others? Graphic tutorial on selling NEAR coins

By setting up a NEAR wallet, purchasing coins, and connecting with a counterparty, you can easily trade NEAR coins and finalize transactions within minutes.

Oct 20, 2024 at 02:12 am

How to Trade NEAR Coins to Others: A Step-by-Step Guide

Step 1: Create a NEAR Wallet

Download and install a NEAR wallet, such as the NEAR Wallet or XDEFI Wallet.
Create a new account and secure your wallet with a strong password.

Step 2: Fund Your Wallet with NEAR Coins

Purchase NEAR coins on a cryptocurrency exchange (e.g., Binance, Coinbase).
Withdraw your coins to your NEAR wallet address.

Step 3: Find a Counterparty

Identify the person or entity you want to trade with.
Exchange contact information to facilitate the transaction.

Step 4: Set Up a Trade

Discuss the terms of the trade, including the exchange rate and the amount of NEAR coins involved.
Agree on a method of payment (e.g., fiat currency, another cryptocurrency).

Step 5: Initiate the Transfer

Access your NEAR wallet and navigate to the send page.
Specify the NEAR wallet address of the recipient.
Enter the amount of NEAR coins you want to transfer.

Step 6: Review and Confirm

Double-check the recipient's address and the transfer amount.
Pay any applicable transaction fees (e.g., gas fees).
Click "Confirm" to initiate the transfer.

Step 7: Wait for Confirmation

The NEAR blockchain will process your transaction and confirm it within a few minutes.

Step 8: Finalize the Trade

Once the transaction is complete, notify the other party.
Exchange the agreed-upon payment method (e.g., fiat currency, another cryptocurrency).

Additional Tips:

Use a reputable NEAR wallet that has strong security features.
Verify the recipient's wallet address before initiating the transfer.
Keep a record of all transactions for accounting purposes.
Consider using a third-party escrow service for added security in large or complex trades.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

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