NEAR Protocol storage costs
NEAR Protocol has a feature - storage costs. It is a minimum address balance that increases with the size of your wallet data.
Why do I need to pay the storage costs?
Your wallet contains information that needs to be safely stored on the blockchain. Validators and node operators must pay for the storage that keeps a copy of the blockchain, including your address information. More about it here.
How much NEAR do I have reserved?
In order to check how much NEAR storage costs for you, follow these steps:
- Find your NEAR address in your wallet.
- Go to NEAR explorer.
- Paste your address in the search bar and press Search.
- Here you'll see a brief rundown of your account information. Press on the link in the 'Balance Profile" tab.
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This link will take you to the page with detailed information about your address, including the amount of reserved NEAR.