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 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange 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 Exchange? (Follow this how-to) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find Namecoin (NMC) Once your deposit has been confirmed, you will directly have access to your assets and you can begin buying and trading. To purchase Namecoin (NMC) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to locate Namecoin (NMC), you'll need to put the short name of the asset (NMC) into the search-box, which is marked in the graphic. Be certain of having selected the proper grouping, we have highlighted this also. Click on “NMC/BTC” to progress.
Step 4 – Purchasing Namecoin (NMC) After you have located Namecoin (NMC), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date price Namecoin (NMC) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of NMC you like to buy. The ”Total” field is the whole price in BTC that you'll settle for the whole volumen of NMC. When you are satisfied, click on “Buy NMC”. Your order will be filled as soon as a Seller trades their NMC for the price you offered.
Step 5 – Withdraw Namecoin (NMC) Unless you're regularly trading, never keep your crypto on an Crypto Trader for an extended period of time. In order to take off your Namecoin (NMC), go to the ”Funds” tab and click on “Withdraw”. Namecoin (NMC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Namecoin (NMC) by using the given drop-down box. Put into the volumen of Namecoin (NMC) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.
Kudos! You have successfully bought and stored Namecoin (NMC).That's it! Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (NMC) Namecoin is safe within your wallet, you're all done.
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