LetsExchange, the one-stop crypto exchange hub supporting the widest selection of cryptocurrencies in the market, has extended the exchange possibilities for NEAR. The crypto community can now exchange NEAR using the Swap, Buy/Sell, and Bridge modes on the LetsExchange widget.
NEAR has long been available for crypto-to-crypto swaps on LetsExchange using the ‘Swap’ mode. Crypto users can now buy and sell this crypto for fiat money in the ‘Buy/Sell’ mode. Additionally, cross-chain swaps are possible on ‘Bridge’ mode for the NEAR token across various networks (NEAR BEP20 to NEAR on the native blockchain and vice versa). These cross-chain swaps are also possible in ‘Swap’ mode.
Moreover, LetsExchange and the NEAR team have partnered to boost NEAR's visibility and adoption. As a first step, LetsExchange will offer cashback on swaps involving NEAR with a fixed exchange rate by the end of the year. The details of this promotion will be announced soon.
Crypto users can confidently exchange NEAR on LetsExchange thanks to the high level of security this platform implements. Automatic AML checks on every transaction ensure that only legit and ‘clean’ funds are exchanged on the platform. LetsExchange offers competitive conversion rates and adheres to a strict transparency policy regarding fees. In the event of problems swapping NEAR or other coins, users can rely on knowledgeable customer support around the clock.
Alex J., LetsExchange's Chief Product Officer (CPO), explained: “The NEAR Protocol is one of the key players in the industry, and the NEAR cryptocurrency is among the most prominent assets in the market. Hence, we are very pleased to have partnered with the NEAR team. LetsExchange will facilitate all operations with this token and incentivize its trading shortly.”
NEAR is a layer 1 blockchain that uses a Proof-of-Stake (PoS) consensus mechanism and sharded architecture to scale transaction throughput. It was created with simplicity in mind. NEAR is built from the ground up to be secure, scalable, and eco-friendly. It brings users to the main stage, setting up Web3 for mass adoption, and empowers developers to build open web apps and onboard users to Web3. The NEAR token is used for fees for processing transactions and storing data, running validator nodes on the network via staking, and governance.
LetsExchange is a one-stop crypto exchange hub boasting support for more than 5,000 coins and tokens – the most extensive asset selection available in the market. Users enjoy a wide range of services, including crypto-to-crypto swaps, cross-chain swaps, bridge, decentralized exchange (DEX) capabilities, and on-ramp/off-ramp functions. LetsExchange allows its partners to integrate crypto-to-crypto swap and cross-chain features via API. Additionally, DEX and Buy/Sell functionalities can be accessed through customizable crypto exchange widgets and Telegram bots.