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Near Protocol FAQ

Learn more about Near Protocol

1. How is Near Protocol different from normal cash?

   Unlike traditional currencies, Near Protocol is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Near Protocol. This decentralization means the holders and users of Near Protocol can help to maintain the network.

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2. Where can I buy Near Protocol?

   Most find that the easiest and most secure way to purchase Near Protocol is through a trusted cryptocurrency platform like Kraken. While Near Protocol can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Near Protocol.

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3. How do beginners buy Near Protocol?

   While Kraken makes it easy for anyone to buy Near Protocol, beginners should first do their own research (and may consider seeking professional advice) before making decisions about whether or not to buy digital currencies. After learning about Near Protocol in the Kraken Learn Center, beginners can use Kraken to buy Near Protocol in moments with as little as $10.

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4. Is Near Protocol available to buy and sell in my country?

   To find out if Kraken offers Near Protocol in your region, please check our Support article to see what cryptoassets are available in your country.

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5. Is Near Protocol a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Near Protocol may be a worthwhile purchase.

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6. Can I purchase Near Protocol using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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7. What are the transaction fees for buying Near Protocol?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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8. What is the minimum amount of Near Protocol I can buy?

   You can buy as little as $10 worth of Near Protocol on Kraken. Kraken also allows you to set up recurring buys so you can continuously accumulate small amounts of Near Protocol regularly.

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9. Can I buy Near Protocol with a debit card?

   Yes, you can buy Near Protocol using a debit card on Kraken.

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10. Can I buy Near Protocol with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Near Protocol using hundreds of other cryptocurrencies. Browse the Near Protocol markets available on Kraken to see how much it costs to buy Near Protocol with other cryptocurrencies.

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11. How can I keep my Near Protocol safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Near Protocol. When you choose to keep your Near Protocol on Kraken, it is secured by our globally-recognized security standards.

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12. Can I set up automatic recurring buy orders for Near Protocol?

    Yes, Kraken makes it easy to automatically buy Near Protocol on a recurring basis. Recurring buys, also known as dollar cost averaging, is a way to continuously increase your asset holdings without needing to manually place an order each time.

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13. Will I owe taxes when buying and selling Near Protocol?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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14. Can I transfer Near Protocol from Kraken to my crypto wallet?

    Yes, the Near Protocol you buy on Kraken is yours. Kraken makes it easy to withdraw your Near Protocol to any hot wallet or cold wallet that supports Near Protocol. Simply enter the external wallet address and your Near Protocol will be in your wallet a few moments later.

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15. Is it safe to leave my Near Protocol on Kraken?

    We take every measure possible to keep the Near Protocol you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Near Protocol. Learn more about our globally-recognized security standards.

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16. Can I pay for online goods and services using Near Protocol?

    Yes, as long as the seller is willing to accept Near Protocol in return for the goods and services you are purchasing.

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17. What is the current circulating supply of Near Protocol?

    The current circulating supply of Near Protocol is 1,003,075,700 NEAR.

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