Saheed Kasumu
5 min readJun 21, 2021

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How to Purchase NEAR tokens if you are in Nigeria.

Image from NEAR Blog

Hello everyone. Welcome to this short and straightforward process of buying Near tokens in Nigeria.



All you need is your PC or mobile device, a Binance account and a NEAR wallet to receive your NEAR tokens.



There are just three (3) sections to this tutorial.



The first is to fund your Binance account with Naira from your bank account.

The second is to create a near wallet.

Lastly, transferring your NEAR tokens from your Binance account to your NEAR wallet.







Funding Binance account



You can download the Binance mobile application or access the website. Fund your wallet by using the P2P section of Binance. You can buy BND or USDT directly with your Naira.

(You can check this tutorial on Binance on how to buy Bitcoin instead)

Go to wallet

Click on P2P.

Click on USDT.

Click on Buy.

Scroll through the adverts to pick a seller of choice; one with a $/# rate that suits you and trading range is within your intended amount .

(Fastdeals' is between#10,000 to 85,000). It’s advisable to trade only with traders verified by Binance (with the yellow tick).

Click on prefered seller’s advert.

Enter the amount, in naira, of USDT you wish to buy. I’ll advise you buy nothing less than #5000 worth which is about $10. $10 is the least tradable amount on Binance.

After entering amount, click on "Transfer the fund" and sellers bank account number will be made available.

Send the amount of naira you had input above to the seller. Make sure you don’t use any crypto related description/memo.

Click on “sent money”. If the seller receives it, he’ll release the amount of USDT paid for.

(you can “Appeal" this transaction if you do not receive your USDT).



You now have to transfer this USDT bought from the P2P wallet to your spot wallet.

After a successful transfer to your spot wallet, you are ready to trade your USDT to NEAR tokens.

USDT TO NEAR

Return to your spot wallet.

Scroll down to look for NEAR token.

Click on it and look for the USDT/NEAR pair.

Click on the pair

Select the amount of NEAR tokens you want to buy and click buy (at least worth $10)

Click on Buy and wait for your order to be filled.

When order is filled, Near token is available in your wallet and all that’s left is to transfer it to your NEAR wallet.

Creating a NEAR Wallet



Visit https://wallet.near.org on your browser to create a wallet.



Make sure you back up your Seed Phrase. It is your access to your wallet. If you lose it or get careless with it, you may never recover your account.



Copy the funding address shown on the next page and DO Not Close This Page!



(If you need a more elaborate explanation, please check this guide by the NEAR team.)





Transferring your NEAR tokens from Binance to your NEAR wallet)





Return to Binance and click on your wallet.



Click on Near tokens and click on “Withdraw”.

Input the “Funding Address” copied earlier into the address section.





Input the number of NEAR tokens you want to send to your wallet.





Make sure you click on “Near” network and not BEP20 or BEP 2.

Click withdraw and verify your withdrawal (email and SMS).





Return to the NEAR wallet tab on your browser. You’ll see your wallet is ready with your fund.



Claim your account.



Complete the creation of your wallet by choosing the unique letters you want associating with your account.





This new address with the letters chosen will be your new NEAR address. Discard the “Funding address” used earlier.



Conclusion



Voila, you’ve created a NEAR account and have funded it.



From here you can explore the beautiful NEAR ecosystem on ways you learn and earn NEAR tokens. You can check out the NEAR official blog HERE.



There’s also a thriving Nigerian NEAR community, you can check their blog HERE.

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