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 BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Nimiq (NIM) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

Make sure you've chosen the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find Nimiq (NIM)

Once your deposit has been verified, you'll now have access to your funds and you can begin buying and trading. To purchase Nimiq (NIM) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

To spot Nimiq (NIM), you will need to put the short name of the asset (NIM) into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we've marked this too. Click on “NIM/BTC” to advance.

Step 4 – Buy Nimiq (NIM)

Once you have discovered Nimiq (NIM), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to create our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation Nimiq (NIM) was sold for. This can be changed to your favoured price. The ”Amount” field is the amount of NIM you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete volumen of NIM.

If you're glad, make a mouse click on “Buy NIM”. Your plan will be filled as soon as a Seller trades their NIM for the price you offered.

Step 5 – Withdraw Nimiq (NIM)

Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Nimiq (NIM), go to the tab called “Funds” and mouse click on “Withdraw”. Nimiq (NIM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Nimiq (NIM) by using the provided drop-down box. Put into the amount of Nimiq (NIM) you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

If you are happy, click “Submit”. You could be asked for phone/email verification before a withdrawal.