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 ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Namecoin (NMC) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Namecoin (NMC) Once your deposit has been affirmed, you will instantly have access to your assets and you can begin buying and trading. To invest in Namecoin (NMC) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to discover Namecoin (NMC), you'll need to insert the shortname of the coin (NMC) into the search-box, which is marked in the graphic. Make sure you have choosen the proper pairing, we have marked this too. Click on “NMC/BTC” to proceed.
Step 4 – Acquisition of Namecoin (NMC) As soon as you have spotted Namecoin (NMC), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're going to make our own Limit Order. The ”Price” field will be filled automatically with the most latest rate Namecoin (NMC) was traded for. This can be changed to your preferred rate. The ”Amount” field is the volumen of NMC you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole quantity of NMC. If you're happy, make a mouse click on “Buy NMC”. Your order will be filled as soon as a Vendor trades their NMC for the price you gave.
Step 5 – Withdraw Namecoin (NMC) Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Trader for an extensive period of time. 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, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Namecoin (NMC) by using the provided drop-down box. Enter the volumen of Namecoin (NMC) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you're glad, click “Submit”. You may be requested for email/phone verification ahead of a take off.