MyNearWallet will October 31 cease service, and NEAR recommends that users migrate
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AT A GLANCE
MyNearWallet will October 31 cease service, and users must migrate according to the guidance while carefully safeguarding recovery information and seed phrases.
Article
NEAR The NEAR Protocol ecosystem wallet MyNearWallet will October 31 cease operations, and users need to migrate
PANews October 6 reported that NEAR Protocol posted on X, stating that NEAR the NEAR Protocol ecosystem’s non-custodial wallet MyNearWallet will October 31 cease service.NEAR said that users’ assets are stored on-chain and only a new access method is needed to transfer the assets to near.com, where they can be exchanged, used for payments, and earn yields across 30 multiple chains, while remaining private by default.NEAR provided a step-by-step guide to help users migrate to near.com accounts controlled by passkey. Before migrating,NEAR recommended first testing the process with a small amount; each time the wallet connection’s Deposit function is used, the deposit address is a one-time address and must not be reused; transfer one asset at a time and wait for completion; retain MyNearWallet recovery information until every balance is displayed in the new account.NEAR emphasized that seed phrases must never be shared...
PANews reported that NEAR Protocol stated in a post on X that MyNearWallet will October 31 cease service.
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The original text describes MyNearWallet as a non-custodial wallet for the NEAR ecosystem.
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NEAR said that users’ assets are stored on-chain and that users need a new access method.
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The original text says that users can transfer their assets to near.com and mentions that it supports exchanging, making payments, and earning yields across 30 multiple chains.
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NEAR provided a step-by-step guide for migrating to near.com accounts controlled by passkey.
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NEAR It recommends testing the process with a small amount before migrating.
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NEAR It notes that the wallet connection’s Deposit function provides a one-time deposit address each time and that it must not be reused.
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NEAR It recommends transferring one asset at a time and waiting for completion, and retaining MyNearWallet recovery information until every balance is displayed in the new account.
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NEAR It emphasizes that seed phrases must never be shared.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The wallet shutdown does not mean that the on-chain assets described in the original text will automatically disappear, but users need to change the way they access those assets. During migration, first conduct a small-amount test, confirm that the one-time deposit address has not been reused, and process only one asset at a time while waiting for the funds to arrive; do not discard the original wallet’s recovery information or disclose the seed phrase to anyone until all balances are confirmed to be displayed in the new account.
Why it matters to readers
The service shutdown will affect users’ continued access to assets through MyNearWallet. Migration involves a new account, one-time addresses, and asset transfers; mistakes or disclosure of recovery information may entail risks.
If you use MyNearWallet, learn the migration steps before the shutdown date and carefully verify the address, asset type, and receipt status. Do not give your seed phrase to anyone claiming to be customer service or offering migration assistance.
Risks and unknowns
The material is PANews’ paraphrase of the NEAR Protocol post and does not provide the original X post or official migration guide, so the full content cannot be independently verified.
The body text is truncated with an ellipsis, and the complete wording NEAR concerning seed phrases and other security requirements is unknown.
The material does not specify a year.
Related Developments
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The material does not list the complete range of assets supported for migration to near.com, fees, failure-handling procedures, or service arrangements after the shutdown.
The source text only states that it can operate on 30 multiple chains; it does not list specific chains or functional limitations.
Related concepts
Non-custodial wallet
This term is not in the glossary yet. Browse related concepts in the glossary.
