A Step-by-Step-Guide on how to buy Namecoin (NMC)
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase one of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and getting your first $10.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Namecoin (NMC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Namecoin (NMC) As soon as your deposit has been approved, you'll immediately have access to your funds and you can begin invest and trading. To invest in Namecoin (NMC) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to spot Namecoin (NMC), you'll need to insert the cointype (NMC) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we've highlighted this also. Click on “NMC/BTC” to go on.
Step 4 – Buying (NMC) Namecoin As soon as you've spotted (NMC) Namecoin, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are making our Limit Order. The field with the “Price” tag will be automatically filled with the latest valuation (NMC) Namecoin 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 Bitcoin that you will pay for the whole quantity of NMC. If you are satisfied, make a mouse click on “Buy NMC”. Your order will be filled as soon as a Vendor trades their NMC for the price you submitted.
Step 5 – Withdraw Namecoin (NMC) Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive period of time. To take off your Namecoin (NMC), hover over the tab called “Funds” and click on “Withdraw”. Namecoin (NMC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Namecoin (NMC) by using the provided drop-down box. Put into the amount of Namecoin (NMC) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address. When you are happy, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.