HOT Wallet - The Main Wallet for NEAR Protocol
In this article, you'll learn what NEAR Protocol is and why HOT Wallet is considered the main wallet in the NEAR ecosystem. We'll briefly go over HOT Wallet's key features, including named accounts, token swaps, cross-chain bridges, staking, app integrations, and Ledger support.
What is NEAR Protocol
NEAR Protocol is a Layer 1 blockchain designed for building decentralized apps (dApps) with a focus on scalability, low fees, and ease of use for both developers and users. By using Proof of Stake and sharding technology, NEAR offers fast transactions, simple account management, and a smooth user experience, making it a great platform for Web3 apps, DeFi, NFTs, and other ecosystem solutions.
HOT Wallet and NEAR
HOT Wallet is a non-custodial multi-chain wallet that supports many networks, including Ethereum, BNB, Solana, TON, Stellar, TRON, Bitcoin, and over 160 other blockchains. However, from day one, HOT Wallet was built specifically as a NEAR wallet and only later added support for other networks. This means most of HOT Wallet's features and integrations are made for the NEAR ecosystem.
HOT Wallet is available as a browser extension, mobile app, and Telegram mini app, and it’s the largest wallet in the NEAR ecosystem in terms of users and transactions.
The HOT Labs team also works closely with the NEAR team on infrastructure, building bridges, and creating other products on top of NEAR Protocol: HOT Protocol - Chain Signature Protocol, which lets you create MPC wallets with 2FA protection and replaceable seed phrases; HOT Craft - an NFT marketplace with multi-chain architecture; HOT Pay - a payment system built on NEAR Intents; and bridges for TON, Stellar, BNB Chain, Avalanche, Optimism, Polygon, Plasma and ADI Chain, all used in NEAR Intents.
How You Can Interact with NEAR Through HOT Wallet
Depositing and Sending NEAR Tokens
The basic wallet functionality. In HOT Wallet, you can receive and send all NEAR tokens, like $NEAR, $USDT, $USDC, and more, without any limits.
Token Swaps
Thanks to integration with RHEA Finance and NEAR Intents, HOT Wallet finds the best routes for trading NEAR tokens, and it can also cover storage fees with its gas relay if you don’t have NEAR in your balance.
Free Named Accounts
NEAR accounts can have human-readable names (link to docs), like name.near, but unlike other wallets, HOT Wallet lets you create them for free without paying for storage. In the extension and mobile app, you can pick your own name, while in the Telegram mini app it uses a special .tg domain based on your username. This domain is also supported by major exchanges like Binance, Coinbase, OKX, and other wallets.
Cross-Chain Swaps or Bridges
HOT Wallet has built-in cross-chain swaps, allowing you to move tokens from other blockchains into NEAR and back, as well as make direct cross-chain swaps, like BTC → NEAR.
Staking and Lending in HOT Wallet
HOT Wallet supports native NEAR staking, liquid staking via rNEAR, and lending of all popular NEAR tokens, like USDC, USDT, ZEC, and more through RHEA Finance. You can earn competitive APYs without leaving HOT Wallet.
Connecting to Apps
HOT Wallet connects to and lets you sign transactions for all NEAR apps, both through the extension and mobile app. Additionally, HOT Labs developed the new NEAR Connector standard, already integrated into major apps like NEAR AI, NEAR Intents, Learn NEAR Club, and more.
Ledger Support
HOT Wallet didn’t just add Ledger support for NEAR, it made it super convenient, with features like mass account import, balance preview, cross-chain interactions, and other handy tools.
Working with NEAR Keys
HOT Wallet lets you manage full-access keys and delete limited-access keys, returning NEAR for storage back to your balance.
NFT Support
HOT Wallet allows you to view, receive, and send NFTs of all formats on the NEAR network.
Additional Features
HOT Wallet also offers a wide range of extra tools for working with the NEAR ecosystem, including RPC switching, Firedrops, an in-app app catalog, and a support service (link). The wallet is actively developed and regularly receives new features to make working with NEAR safe and convenient.
Summary
NEAR Protocol is a fast, scalable blockchain focused on user convenience and mass Web3 adoption, and HOT Wallet is the main wallet in the NEAR ecosystem with deep integration and a wide set of features. With HOT Wallet, users get easy access to everything NEAR offers—from creating accounts and swapping tokens to staking, cross-chain operations, and interacting with dApps—all in one interface.
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