How to Buy Namecoin (NMC)

A Step-by-Step-Guide on 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.

Binance Signup
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Namecoin (NMC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate Namecoin (NMC)

Once your deposit has been approved, you will instantly have access to your finances and you can initiate invest and trading. To purchase Namecoin (NMC) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

To discover Namecoin (NMC), you will need to insert the shortname of the coin (NMC) into the search box, which is highlighted in the graphic. Make sure you have selected the right pairing, we have highlighted this also. Click on “NMC/BTC” to advance.

Binance Hot To Buy Namecoin (NMC)
Binance How to Buy (NMC) Namecoin
Step 4 – Acquisition of Namecoin (NMC)

After you have located Namecoin (NMC), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent tariff Namecoin (NMC) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of NMC you want to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of NMC.

If you are satisfied, click on “Buy NMC”. Your plan will be filled when a Vendor sells their NMC for the price you introduced.

Step 5 – Withdraw Namecoin (NMC)

Unless you are regularly trading, never keep your crypto coins on an Exchange for an extensive time frame. In order to take off your Namecoin (NMC), hover over the tab called “Funds” and mouse click on “Withdraw”. Namecoin (NMC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Namecoin (NMC) by using the given drop-down box. Enter the quantity of Namecoin (NMC) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you're satisfied, click “Submit”. You could be asked for verfication via email/phone before a take off.

Binance Withdraw

Kudos! You have successfully purchased and stored Namecoin (NMC).

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your take off with Ethplorer.io or Etherscan.io and the (NMC) Namecoin is safe within your wallet, you are all done.

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