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 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Nimiq (NIM) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Nimiq (NIM) Once your deposit has been affirmed, you'll instantly have access to your assets and you can begin buying and trading. To invest in Nimiq (NIM) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find Nimiq (NIM), you'll need to insert the cointype (NIM) into the search-box, which is marked in the image. Be certain of having choosen the correct pairing, we have marked this too. Click on “NIM/BTC” to continue.
Step 4 – Acquisition of Nimiq (NIM) Once you have spotted Nimiq (NIM), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the latest rate Nimiq (NIM) was traded for. You can change this to your preferred rate. The ”Amount” field is the volumen of NIM you like to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the whole volumen of NIM. If you are glad, make a mouse click on “Buy NIM”. Your order will be filled when a Vendor sells their NIM for the price you gave.
Step 5 – Withdraw Nimiq (NIM) Unless you are trading, never keep your coins on an Exchange for an longer time period. To take off your Nimiq (NIM), hover over the tab called “Funds” and mouse click on “Withdraw”. Nimiq (NIM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Nimiq (NIM) by using the given drop-down box. Put into the volumen of Nimiq (NIM) you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, click “Submit”. You could be asked for email/phone verification before a withdrawal.