A Step-by-Step-Guide on how to buy Nimiq (NIM)
Step 1 – Join Kraken In the beginning you'll need to buy one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and getting Ethereum or Bitcoin.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Nimiq (NIM) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you have selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Nimiq (NIM) Once your deposit has been affirmed, you'll directly have access to your assets and you can initiate invest and trading. To buy Nimiq (NIM) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. To spot Nimiq (NIM), you'll need to put the shortname of the coin (NIM) into the search box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we have marked this too. Click on “NIM/BTC” to go on.
Step 4 – Buy Nimiq (NIM) As soon as you've found Nimiq (NIM), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our own Limit Order. The ”Price” field will be filled automatically with the most recent valuation Nimiq (NIM) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of NIM you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole quantity of NIM. When you are satisfied, make a mouse click on “Buy NIM”. Your order will be filled when a Seller sells their NIM for the price you introduced.
Step 5 – Withdraw Nimiq (NIM) Unless you're frequently trading, you should never keepyour crypto on an Crypto Exchange for an extensive time period. In order to withdraw your Nimiq (NIM), go to the ”Funds” tab and mouse click on “Withdraw”. Nimiq (NIM) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Nimiq (NIM) by using the provided drop-down box. Drop in the quantity of Nimiq (NIM) you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you are happy, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.