The ETH-NEAR Rainbow Bridge is ready. Register for Hack the Rainbow, which runs Sept 15-30, to give it a test drive.

The NEAR Wallet is a non-custodial, web-based wallet for the NEAR blockchain.

During Phase 1 of the NEAR Mainnet rollout, only public sale participants and contributors to the NEAR ecosystem can use the NEAR Wallet. After Phase 2 (full Mainnet), the NEAR Wallet will be available to everyone!

This article will cover creating and setting up an account during the Phase 1 period. Another article will cover the NEAR Wallet in Phase 2 and beyond.

Creating an Account

To setup a NEAR Wallet, you must first locate your NEAR Drop Link. This will have been sent to you by a member of the NEAR Foundation. To get started, just click the link!

Note: If you are receiving a NEAR Drop from CoinList, this contains 40 NEAR tokens from your allocation. This is enough to create an account and either add a Ledger device or choose to enable two-factor authentication. You will receive the rest of your tokens after completing the second part of the claims process.

Next, you’ll be redirected to the “Create Account” page. Here, you can choose your account name, which will be appended by .near. For example, choosing satoshi will create satoshi.near .

Create Account

Choosing a Recovery Method

In case you lose access to your account for any reason, we require you to choose a recovery method.

Protect Account

Ledger Hardware Wallet

If you have a Ledger Nano S or X, we highly recommend you chose it here! This will ensure your private keys never leave your Ledger, and provides the highest level of security when using the NEAR Wallet.

Connect Ledger

Seed Phrase

Write down twelve seed words. If you do not have a Ledger, this is the next best option. 

Important: This option is only as secure as your storage of it! If you want to retain access to your account, you MUST write down your seed words in order, and store them securely. 

If you lose your seed words, you lose your account forever. 

Seed Phrase

 

Email/Phone

This is the least secure option. We only recommend this option for smaller amounts, as the security depends on your mobile carrier or email provider.

We will send you a one-time email or SMS message with a recovery link. We do not store this information, and thus you MUST keep this message safe in order to recover your account.

After verifying your email or phone number (by entering a code), you will receive a message with the recovery code.

Important: We can only resend the recovery message, or update your chosen email or phone number, while you have access to your account. You must ensure you retain access to this message, otherwise, you will be unable to recover your account.

Enabling Two Factor Authentication

If you do not choose to use Ledger, you must choose a Two Factor Authentication method.

Two Factor Authentication in the NEAR Wallet deploys a multi-signature contract to your account, and requires all transactions to be confirmed by a second device.

We currently offer Email or SMS-based Two Factor Authentication.

Note: If you chose Ledger in the previous step, you will not see the 2FA screen. We will eventually offer support for Ledger to be used as one of the authentication methods, but that is currently not possible in the Wallet.

Enable Two-Factor Authentication

Next Steps

Congratulations, your NEAR Wallet is ready to go! Once we’ve confirmed your account and added your tokens, you will see your total balance on the home screen, and can view a detailed breakdown on your Profile page.

As we rollout Phase 1 and Phase 2, we’ll unlock more functionality in the Wallet, including staking, app interactions and transaction signing, token transfers, and more!

If you have any questions or feedback, please reach out to us on Discord, Telegram, or Twitter.

Written By

Kendall Cole

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