To interact with the NEAR Protocol, a small number of NEAR tokens are needed to cover transaction fees required for modifying the blockchain's state. Here are some common scenarios where fees are incurred:
1. Sending Transactions: When you send NEAR tokens, you initiate a transaction that impacts the blockchain's state. This involves the sender (who pays fees) and the receiver (who receives NEAR tokens).
2. Transferring Tokens: Whether it's fungible or non-fungible tokens, transferring assets from one account to another also incurs fees.
3. Staking and Unstaking Tokens: When you stake or unstake your tokens in the network, fees are involved.
4. Authorizing Web3 Applications: Using applications like Ref.Finance or any Web3 application on NEAR may require a small fee to authorize them.
5. Recovering Wallet: If you recover your wallet on a new browser window or device, there may be associated fees.
6. Claiming NEAR Tokens: Accessing funds from a lockup contract is subject to fees as well.
7. Registering New Accounts: Even registering a new NEAR account, such as "coin-op2.near," requires a fee.
If your wallet doesn't have a sufficient balance to cover these fees, your transaction will fail with an error message. To resolve this, simply add a small amount of NEAR tokens to your wallet balance (even as little as 0.1 NEAR can be enough) and try your transaction again. This ensures that you have enough tokens to pay the required fees for blockchain operations.
Your account does not have enough balance for this operation.