A Step-by-Step-Guide on how to buy Nimiq (NIM)
Step 1 – Join Coinbase and recieve 10$ for free You will first need to purchase units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and to get your first $10.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Nimiq (NIM) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate (NIM) Nimiq As soon as your deposit has been confirmed, you will directly have access to your finances and you can commence buying and trading. To buy (NIM) Nimiq on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to spot (NIM) Nimiq, you will need to put the shortname of the coin (NIM) into the search-box, which is marked in the graphic. Be certain of having choosen the right grouping, we've marked this also. Click on “NIM/BTC” to proceed.
Step 4 – Purchasing Nimiq (NIM) After you've found Nimiq (NIM), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're making our own Limit Order. The ”Price” field will be automatically filled with the recent valuation Nimiq (NIM) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of NIM you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete volumen of NIM. When you're satisfied, click on “Buy NIM”. Your plan will be filled as soon as a Seller trades their NIM for the price you introduced.
Step 5 – Withdraw Nimiq (NIM) Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an extended period of time. To take off your Nimiq (NIM), hover over the ”Funds” tab and click on “Withdraw”. Nimiq (NIM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Nimiq (NIM) by using the given drop-down box. Enter the amount of Nimiq (NIM) you would wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.