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 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Namecoin (NMC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have selected the right coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find Namecoin (NMC)

Once your deposit has been verified, you will now have access to your assets and you can launch purchasing and trading. To buy Namecoin (NMC) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to locate Namecoin (NMC), you'll need to insert the cointype (NMC) into the search box, which is marked in the picture. Be certain of having selected the proper grouping, we have marked this too. Click on “NMC/BTC” to advance.

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

Once you have located Namecoin (NMC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are making our own Limit Order.

The ”Price” field will be filled with the most recent valuation Namecoin (NMC) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of NMC you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete amount of NMC.

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

Step 5 – Withdraw Namecoin (NMC)

Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an longer period of time. To take off your Namecoin (NMC), hover over the ”Funds” tab and mouse click on “Withdraw”. Namecoin (NMC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Namecoin (NMC) by using the provided drop-down box. Put into the volumen of Namecoin (NMC) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, click “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Binance Withdraw

Congratulations! You've successfully purchased and safed Namecoin (NMC).

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the (NMC) Namecoin is safe in your wallet, you're finished.

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