A Step-by-Step-Guide on how to buy Nimiq (NIM)
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to buy one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and getting your welcome 10 Dollar.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Nimiq (NIM) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Nimiq (NIM) Once your deposit has been confirmed, you'll immediately have access to your assets and you can start buying and trading. To purchase Nimiq (NIM) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. To find (NIM) Nimiq, you will need to insert the cointype (NIM) into the search-box, which is marked in the image. Make sure you have selected the right pairing, we've marked this too. Click on “NIM/BTC” to progress.
Step 4 – Buying Nimiq (NIM) Once you have located Nimiq (NIM), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to create our own Limit Order. The “Price” field will be filled automatically with the latest rate (NIM) Nimiq was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of NIM you wish to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole quantity of NIM. If you are happy, make a mouse click on “Buy NIM”. Your order will be filled when a Seller trades their NIM for the price you gave.
Step 5 – Withdraw (NIM) Nimiq Unless you are frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended period of time. To take off your Nimiq (NIM), hover over the tab called “Funds” and click on “Withdraw”. (NIM) Nimiq can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (NIM) Nimiq by using the provided drop-down box. Put into the amount of Nimiq (NIM) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a take off.