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.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Namecoin (NMC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Namecoin (NMC) Once your deposit has been approved, you'll instantly have access to your finances and you can initiate purchasing and trading. To invest in Namecoin (NMC) on Binance, you will want to hover over the ”Exchange” tab and after that mouse 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 choosen the proper grouping, we've highlighted this too. Click on “NMC/BTC” to advance.
Step 4 – Purchase Namecoin (NMC) After you've discovered Namecoin (NMC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date price Namecoin (NMC) was sold for. This can be changed to your preferred price. The ”Amount” field is the volumen of NMC you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete amount of NMC. If you are glad, make a mouse click on “Buy NMC”. Your plan will be filled when a Vendor trades their NMC for the price you introduced.
Step 5 – Withdraw Namecoin (NMC) Unless you are frequently trading, you should never keepyour coins on an Crypto Exchange for an extensive time frame. To take off your Namecoin (NMC), hover over the ”Funds” tab and click on “Withdraw”. Namecoin (NMC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Namecoin (NMC) by using the given drop-down box. Drop in the amount of Namecoin (NMC) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. When you are glad, click on “Submit”. You may be requested for phone/email verification before a withdrawal.