How to buy NEAR on the BYDFi App

If you are asking yourself how to buy NEAR on the BYDFi App, here you have a satisfying answer. Buying NEAR on the BYDFi app is straightforward and designed to be user-friendly. Here's a step-by-step guide to buying NEAR:Download the BYDFi app from the App store of your device: it is available on both <a href="https://play.google.com/store/apps/details?id=com.bydfi.app&hl=en-US" target="">Android</a> and <a href="https://apps.apple.com/us/app/bydfi-buy-btc-eth-doge/id6444251506" target="">iOS</a>.Open the app and sign up for an account. You’ll need to provide your email address and create a secure password. Some verification may be required depending on your location.Click 'Add Funds' and select 'Buy Crypto'Select the Fiat Currency that we supportChoose your desired crypto, or search for itAfter selecting the desired crypto and fiat currency, enter the amount you would like to spend and click ‘Next’Select a third party service provider and click ‘Buy’You will be leading to the third party payment page, follow the steps on the page to complete the paymentWell done! Now just wait for the deposit to credit to your accountFor more help, visit our Help Center or email us at <a href="cs@bydfi.com" target="_blank">cs@bydfi.com</a>

How to invest in NEAR for beginners: Step-by-step guide

Investing in digital currency, such as NEAR, can have the benefit of offering exciting and new opportunities for an investor, but it does also come with significant risks due to the volatility of the market. If you’re asking yourself, “Should I invest in crypto?” The answer is here. Begin approaching it with consideration and being extra cautious. One of the best ways for beginners to start investing is to start small, by investing smaller amounts while you are still getting familiar with how to trade cryptocurrency. This is an incredible approach that allows you to learn the basis of trading without exposing yourself to important financial risk.It’s also quite important to understand transaction fees and how they work. There are so many platforms and even more blockchains that are able to charge various amounts of money not only for buying, but also for selling, or even for transferring crypto, and these fees can definitely influence your overall returns. In addition, whether you keep yourself informed or not is a crucial aspect. If you keep updated about crypto news predictions and market updates, you can help anticipate shifts in the market caused by regulatory changes, global events, or new technological developments.In order to protect your assets, you should always enable the two-factor authentication (2FA) on any platform where you store or trade cryptocurrency. This is an extra layer of security that is going to make it harder for unauthorized parties to have free access to your funds. Finally, be always vigilant about the more and more frequently done online scams. Crypto space is rife with fraudulent schemes, often disguised as investment opportunities promising unrealistically high returns. Only trust verified platforms and sources, and never share your private keys or sensitive information.In summary, while investing in digital currency can be profitable, it requires careful planning, continuous learning, and a strong focus on security.

How to buy NEAR for low fees?

Smarter Way to Buy NEARWhen you are looking for the best app to buy crypto, being able to choose the right platform is crucial. You should be opting for the best crypto exchanges like BYDFi which means being capable of benefiting from lower trading fees. It can also help you obtain more and more of your investment. It has nothing to do with high-fee platforms, BYDFi has the ability to grow your holdings without watching profits disappear into costs—making it a top choice for those seeking a no-fee crypto exchange.Do you want to Use Promotions and Fee Reductions to Your Advantage? BYDFi is capable of launching many exclusive campaigns with trading fee discounts and many bonus rewards. By checking the Spot Event page often, you can stay updated on deals and never miss an opportunity to save.For an even better experience, you should take advantage of BYDFi’s Convert feature, which allows you to swap cryptocurrencies with 0 transaction fees. It's not only fast, but also easy to use, and perfect for anyone looking to buy NEAR more efficiently.

What is the max supply of NEAR?

NEAR originally has a maximum token supply of 1 billion tokens at Genesis, but it cannot be considered as a crypto with limited supply. There are more or less an amount of 5% of new tokens that are issued yearly as validator and treasury incentives, causing the token supply to grow over time.

How many NEAR are in circulation/in existence?

As of today, all 1.21 billion NEAR tokens are in circulation, which is a representation nearly 100% of its circulating supply. The total supply is around 1.25 billion, which can reflect gradual inflation since the Genesis block created 1 billion tokens. While NEAR has no fixed max cap, new tokens are issued for validators and treasury, balanced partly by fee-burning. For context, there are thousands of cryptocurrencies—answering the common question, "how many cryptos are there or how many altcoins are there."

How does NEAR protocol work?

NEAR Protocol can be described as a scalable, sharded Proof-of-Stake (PoS) blockchain that has been designed to manage decentralized applications efficiently. It can separate architecture into a blockchain layer, which means being able to manage validators and states, and a runtime layer, which instead has the power of executing transactions and smart contracts.It has the opportunity to use an account-based model and a unique sharding mechanism which goes under the name of Nightshade, which is something that enables parallel transaction processing for high scalability. Each account is linked to a specific shard, which handles its data.NEAR wallet addresses employs a human-readable format (here we have an example:yourname.near), making them more user-friendly than hexadecimal strings.Transactions are processed via receipts, enabling asynchronous and cross-shard communication. Validators stake NEAR tokens to secure the network, and holders can delegate tokens.Interoperability can be achieved thanks to the usage of the Rainbow Bridge with Ethereum, and Aurora allows developers deploy Ethereum-compatible smart contracts on NEAR.It has been founded by Illia Polosukhin, NEAR is capable of using a burning mechanism to offset inflation from its ~5% yearly issuance. It solves key blockchain problems like scalability, developer usability, and high fees—making it a strong contender in price prediction discussions and comparisons like "is NEAR Protocol on Ethereum".

Where to buy NEAR protocol?

You have the amazing opportunity to buy NEAR Protocol on BYDFi, which is a secure and user-friendly platform that can support NEAR wallet integration and offers quite simple purchases through credit or debit cards. It can provide a safe trading environment through cold storage and 2FA, and complies with regulations in many regions.NEAR runs on its own Layer-1 blockchain, it doesn't have to be working on Ethereum. For the latest NEAR Protocol news, check BYDFi updates and official NEAR channels. While it's rare to get NEAR Protocol for free, some promotions or staking rewards may offer small amounts to new users.

How does NEAR Protocol work?

NEAR Protocol can be described as a scalable, sharded Proof-of-Stake (PoS) blockchain that has been built to work efficiently on dApps and smart contracts. Its architecture has been made to separate operations into a blockchain layer and a runtime layer, it can enhance flexibility and scalability. One of the core innovations is Nightshade, which is NEAR’s sharding mechanism that can boost transaction throughput by distributing processing across multiple shards. Validators have the task of securing the network by staking NEAR, answering the question: what can the NEAR token be used for? NEAR tokens can be used for staking, transaction fees, and governance.NEAR follows an account-based model which is quite similar to Ethereum, simplifying user interactions and smart contract deployment. Transactions are processed through a message-passing system using receipts for asynchronous, cross-shard operations. By using tools such as the Rainbow Bridge and Aurora, NEAR also ensures interoperability with Ethereum, making development faster and cheaper.For users that are still wondering what does NEAR coin do, it can power all the operations within the ecosystem, which can also include the payment of fees, staking rewards, and validator incentives. As of the latest update, how much is 1 NEAR worth can be found by checking real-time NEAR Protocol price charts. While some ask, is NEAR better than Solana, despite facing valid and significant competitors, NEAR Protocol differentiates itself in the Layer 1 space through unique sharding, robust developer tools, and Ethereum compatibility, establishing it as a strong contender.

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How to Buy NEAR Protocol(NEAR)

Buy NEAR Protocol(NEAR) and other popular cryptocurrencies on BYDFi with fast, secure trading and low fees. Whether you're a beginner or a professional, BYDFi offers a variety of purchase options to suit your needs. Start investing today and check out our guide to easily buy NEAR Protocol(NEAR) with minimal fees!

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Last Updated: 2025-08-14

Steps to Buy NEAR Protocol

The best way to buy NEAR is on BYDFi in Simple 3 Steps:

Step 1 : Create a Free BYDFi Account BYD.1749458656140.Step1.png

Register using your email/phone number and country of residence, then create a strong password to protect your account to start your journey on BYDFi.

Step 2 : Secure Your Account BYD.1749458644181.Step2.png

Kindly verify your identity to ensure full compliance and enhance your BYDFi experience.

Enable Google Authenticator (2FA), set up an anti-phishing code, and a fund password to add an extra layer of security to your account.

Step 3 : Buy NEAR BYD.1749458633544.Step3.png

You can purchase NEAR on BYDFi using various payment methods. We will guide you through the operation to get a crypto wallet:

Option 1 : Buy ATOM with Cryptocurrency on BYDFi Spot Trading

The BYDFi spot market supports over 600 digital assets and is the most popular platform for purchasing NEAR. Here’s how to buy:

Transfer your cryptocurrency to your BYDFi account.

Select the 'Spot Trading' under 'Trade' button. Search for the NEAR trading pair on the BYDFi spot market. Place an order to exchange your existing cryptocurrency for NEAR.

Once your order is successfully executed, you can view the available NEAR in your account assets.

Option 2 : Buy NEAR with Credit/Debit Card

This is the simplest way for new users to purchase BTC.

BYDFi supports various payment options : Transak, Coinify, Mercuryo, Banxa.

Simply enter the amount you wish to purchase and complete the payment to own NEAR.

Option 3 : Buy NEAR via Convert

BYDFi supports fast purchases of NEAR through convert. If you hold USDT, you can quickly buy NEAR at the market price using BYDFi's convert feature.

Why Choose BYDFi to Buy NEAR Protocol

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Why Choose BYDFi to Buy NEAR Protocol

Safe and Reliable

BYDFi's Proof of Reserves (PoR) mechanism offers robust security for your funds. As a Forbes-recommended exchange, we have gained the trust and support of over 1,000,000 users worldwide.

High Liquidity

BYDFi offers a fast and reliable trading experience with support for 900+ major cryptocurrencies, making it an ideal choice for both beginners and professional investors.

Simple and Intuitive

At BYDFi, purchasing NEAR Protocol is quick and easy. Whether you are a beginner or a professional trader, our intuitive interface allows you to complete transactions effortlessly in just a few steps. Register on BYDFi now and experience a seamless cryptocurrency purchasing process!

Wide Variety of Tokens

BYDFi supports over 900 cryptocurrencies, making it the ideal platform to buy NEAR Protocol and other digital assets. Users can easily trade and exchange assets to meet their needs!

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Disclaimer

The content displayed on this page comes from verified BYDFi users and/or data and feedback from other third-party sources. All information is for reference only, and BYDFi makes no representations or warranties of any kind regarding its accuracy. The displayed price predictions may be inaccurate, and future prices may differ significantly from the forecasts. Do not rely on these results for investment decisions. Token price predictions do not constitute financial advice and are not intended to recommend the purchase of any specific product or service. If you trade or invest based on the information on this page and incur losses, you may not recover your invested funds, and BYDFi is not responsible for any potential losses. The prices of digital assets are subject to market risks and volatility, meaning their value may rise or fall, and you may even lose your initial capital. BYDFi recommends carefully assessing your investment goals, financial situation, risk tolerance, and relevant experience before making investment decisions. If necessary, seek advice from an independent financial advisor. Past market performance is not a reliable indicator of future results, so only invest in products you understand and can afford to risk. This statement is for general informational purposes only and does not constitute investment advice.

How to Buy NEAR Protocol(NEAR)

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