What is Near Protocol (NEAR)?
Near Protocol is a Proof-of-Stake blockchain platform that has been gaining traction in the last couple of years. One of the key features that sets Near apart is its consensus protocol called Nightshade, which enables the network to process up to 100,000 transactions per second and generate a block per second, while charging significantly low transaction fees, making Near an attractive option for users and developers.
Near's approach to sharding is another unique feature of the platform. By splitting transactions contained within a block into smaller pieces, Near can achieve more efficient transaction processing. This is accomplished by individual nodes validating smaller blocks simultaneously, rather than processing the entire blockchain at once. The ultimate goal of sharding is to make blockchains more efficient and scalable. Learn more
How to Deposit NEAR Into Your Coinmetro Account
For all information on how to deposit NEAR into your Coinmetro account, please see the following help center article: How to Deposit NEAR.
As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.
How to Withdraw NEAR From Your Coinmetro Account
For all information on how to withdraw NEAR from your Coinmetro account, please see the following help center article: How to Withdraw NEAR.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.