A Step-by-Step-Guide on how to buy Namecoin (NMC)
Step 1 – Join CEX.io You will first need to buy units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Namecoin (NMC) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate Namecoin (NMC) As soon as your deposit has been confirmed, you'll directly have access to your funds and you can start invest and trading. To invest in Namecoin (NMC) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To locate Namecoin (NMC), you'll need to insert the short name of the asset (NMC) into the search box, which is marked in the image. Make sure you have choosen the correct grouping, we've marked this also. Click on “NMC/BTC” to advance.
Step 4 – Purchasing (NMC) Namecoin After you have spotted (NMC) Namecoin, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the recent price (NMC) Namecoin was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of NMC you like to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete volumen of NMC. When you're glad, click on “Buy NMC”. Your plan will be filled as soon as a Seller sells their NMC for the price you introduced.
Step 5 – Withdraw (NMC) Namecoin Unless you are frequently trading, never keep your crypto on an Crypto Exchange for an extensive time period. To withdraw your (NMC) Namecoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (NMC) Namecoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (NMC) Namecoin by using the provided drop-down box. Put into the volumen of (NMC) Namecoin you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click on “Submit”. You could be requested for email/phone verification before a withdrawal.