How to Buy Nimiq (NIM)

A Step-by-Step-Guide on how to buy Nimiq (NIM)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

In the beginning you'll need to buy one of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and to get BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Nimiq (NIM) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have selected the exact coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate (NIM) Nimiq

As soon as your deposit has been affirmed, you will directly have access to your funds and you can begin invest and trading. To invest in (NIM) Nimiq on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to find Nimiq (NIM), you will need to insert the cointype (NIM) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we've marked this too. Click on “NIM/BTC” to progress.

Binance How To Buy 1 Nimiq (NIM)
Step 4 – Buy Nimiq (NIM)

As soon as you have found Nimiq (NIM), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're going to make our Limit Order.

The “Price” field will be automatically filled with the up-to-date tariff Nimiq (NIM) was traded for. You can change this to your preferred price. The “Amount” field is the amount of NIM you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete quantity of NIM.

If you're satisfied, click on “Buy NIM”. Your plan will be filled as soon as a Vendor trades their NIM for the price you gave.

Step 5 – Withdraw (NIM) Nimiq

Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an extended period of time. To take off your Nimiq (NIM), go to the “Funds” tab and mouse click on “Withdraw”. Nimiq (NIM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Nimiq (NIM) by using the given drop-down box. Put into the amount of Nimiq (NIM) you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

When you are happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.

Congratulations! You've successfully bought and safed (NIM) Nimiq.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the (NIM) Nimiq is stored inside your wallet, you're all done.