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 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has 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 Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Nimiq (NIM) Once your deposit has been affirmed, you'll immediately have access to your funds and you can start purchasing and trading. To purchase Nimiq (NIM) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. In order to spot Nimiq (NIM), you'll need to insert the cointype (NIM) into the search-box, which is marked in the graphic. Be certain of having selected the correct grouping, we have highlighted this too. Click on “NIM/BTC” to continue.
Step 4 – Buy Nimiq (NIM) After you have spotted Nimiq (NIM), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to make our own Limit Order. The ”Price” field will be filled with the most latest rate Nimiq (NIM) was sold for. You can change this to your preferred rate. The ”Amount” field is the amount of NIM you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the complete amount of NIM. If you're glad, click on “Buy NIM”. Your order will be filled when a Vender trades their NIM for the price you introduced.
Step 5 – Withdraw Nimiq (NIM) Unless you are regularly trading, never keep your crypto on an Crypto Exchange for an longer time frame. To take off your Nimiq (NIM), go to the ”Funds” tab and mouse click on “Withdraw”. Nimiq (NIM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Nimiq (NIM) by using the provided drop-down box. Enter the quantity of Nimiq (NIM) you'd wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You could be requested for email/phone verification ahead of a take off.