MyNearWallet to Shut Down October 31 Users Must Move Assets

MyNearWallet will shut down its service on October 31, prompting users to transfer their assets to the NEAR Protocol’s official portal before the deadline. The web wallet, which operates as a noncustodial service on the NEAR Protocol network, is ceasing operations, leaving users with a limited window to migrate their funds.

The migration process involves several steps to ensure a smooth transition. Users are advised to start by testing with a small amount, using each address only once and transferring one asset at a time. They should also wait for each transfer to complete before initiating another to avoid potential issues.

MyNearWallet recommends keeping recovery information until the full balance is confirmed in the new account. This precaution helps users safeguard their assets during the transition period and ensures they can regain access if needed.