NearPay is a closed payment method that will allow Near entusiasts to make instant transfers. It charges very low transfer fees for the deposits, and the team is even working to lower the costs further. You can download the Android or iOS app and start making payments instantly with this deposit method. See a toplist below of the best crypto sites accepting NearPay as a deposit method.
Top 1 sites for buying, selling and trading crypto with NearPay
This is the toplist with the best sites to buy, sell or trade cryptocurrencies through NearPay. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button. We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
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- 1 Top 1 sites for buying, selling and trading crypto with NearPay
Lots of crypto exchanges accept NearPay, since it is extremely popular among crypto traders in Europe. The payment method also works as a bridge to fiat currencies, and it currently supports more than 20 currencies. It works on the NEAR protocol and has a mobile app for Android and iOS users. With the app, you will be able to track your spending.
+NearPay has apps for Android and iOS users.
+This deposit method supports lots of cryptocurrencies.
+You can easily track your spending habits with NearPay.
+Crypto traders can use this payment method as a crypto wallet.
+It is built on the NEAR protocol.
-It is restricted in many countries.
-Crypto transfers take long to process.
-Almost no crypto exchanges, brokers or platforms support NearPay.
-Fees for crypto transfers vary from time to time.
-Users have to pay a storage fee if they have dormant accounts.
-This deposit method is still rather new, even if Near Protocol Network been around for quite a while.
What is NearPay?
This funding method combines the best features of modern digital banking with crypto. Its mobile app has a seamless design and layout that allows you to track your spending easily.
Near Pay Costs
This funding method charges very low fees for transfers, and its team is even working to lower the costs further. When sending fiat currencies from your account to your crypto exchange account, you will have to pay a fee of up to 0.09 GBP/EUR. On the other hand, crypto transfer fees will vary depending on the state of the network. You will only need to pay a miner’s fee when using cryptocurrencies.
Transaction speed for NearPay
The transfer speed of this payment method will vary depending on the currency you use. With fiat currencies, you will be able to make instant transactions. If you make transfers using cryptocurrencies, the speed will depend on the blockchain used. With BTC, the transactions will usually take a few hours to complete, but other cryptocurrencies usually take less than an hour.
NearPay Deposits: How does it work?
Go to the payment methods page of the crypto exchange site
Select Near Pay from the list offered
Enter the amount you want to deposit
Use a verification method to finalize the transaction
Which are the main countries where NearPay is used?
This payment method is currently available to people living in the European Economic Area. This region comprises members of the European Union, as well as Iceland, Norway, the UK, and Liechtenstein. The service is likely to be expanded to other countries in the near future.
Can you withdraw with NearPay?
Yes, you can make withdrawals using this payment method. It is especially a good option for making crypto withdrawals as it is compatible with many cryptocurrencies. These include BTC, ETH, and USDT. If you find this withdrawal method complicated to use, you can instead send the funds to your bank account or credit card.
Reputation of NearPay
There are not many crypto sites at all accepting Nearpay. From our findings, this payment method is only used by people in the Near community. It is a relatively new banking option but already has more than 7000 followers on Twitter. A key reason for the rapid growth of this banking method is the fact that it supports both crypto and fiat money deposits. Still, without much adoption outside the Near coin and Near protocol, not many people will ever find it. Unless the organisation changes how they work with crypto exchanges, platforms, brokers, DEX and reputable crypto casinos – the team at Crypto Lists doubt that they will reach outside the Near sphere.
Find some of the most frequently asked questions related to NearPay by both beginners and more advanced crypto users.
Is it safe to use this deposit method for cryptocurrencies?
Yes, this deposit option is completely safe to use. You just need to be wary of spam emails and text messages as they may be phishing attempts by fraudsters. Also, you should change your password frequently.
How do I set up this payment method?
You can set up your account by entering your email and password. Make sure the password has at least eight characters. Like many other deposit methods, this one is only available to people who are at least 18 years old.
Is this transfer method instant?
Yes, this funding method is instant and will complete transactions in less than a few seconds.
When was this payment service founded?
This funding method was founded in 2020 and has been improved significantly over the years.
Where is the mother company based?
The mother company of this funding method is based in Riyadh in Saudi Arabia.
Does this payment method only work on Apple devices?
NearPay mobile payments work on both Android and iOS devices. You can download the Android application on Google Playstore.