How to Buy Namecoin (NMC)

Step 1 – Signup to Kraken

You'll first need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and getting Funds.

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Namecoin (NMC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

Make sure you've selected the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find Namecoin (NMC)

Once your deposit has been confirmed, you'll directly have access to your funds and you can begin purchasing and trading. To invest in Namecoin (NMC) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”.

To locate Namecoin (NMC), you will need to insert the short name of the asset (NMC) into the search box, which is marked in the graphic. Be certain of having selected the right pairing, we've marked this too. Click on “NMC/BTC” to go ahead.

Step 4 – Buying Namecoin (NMC)

After you've found Namecoin (NMC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're making our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date price Namecoin (NMC) was traded for. This can be changed to your preferred rate. The ”Amount” field is the quantity of NMC you wish to purchase. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete amount of NMC.

If you are glad, click on “Buy NMC”. Your plan will be filled as soon as a Vender sells their NMC for the price you gave.

Step 5 – Withdraw Namecoin (NMC)

Unless you're regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time frame. To take off your Namecoin (NMC), go to the ”Funds” tab and mouse click on “Withdraw”. Namecoin (NMC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Namecoin (NMC) by using the given drop-down box. Enter the volumen of Namecoin (NMC) you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you are happy, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.