A Step-by-Step-Guide on how to buy Namecoin (NMC)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to purchase one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome 10$.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Namecoin (NMC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you have chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Namecoin (NMC) As soon as your deposit has been confirmed, you will instantly have access to your assets and you can launch buying and trading. To invest in Namecoin (NMC) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to locate Namecoin (NMC), you will need to insert the cointype (NMC) into the search box, which is marked in the graphic. Be certain of having choosen the right pairing, we have marked this too. Click on “NMC/BTC” to go ahead.
Step 4 – Purchase Namecoin (NMC) After you've located Namecoin (NMC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are making our Limit Order. The ”Price” field will be automatically filled with the most up-to-date valuation Namecoin (NMC) was traded for. This can be changed to your preferred price. The ”Amount” field is the volumen of NMC you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the whole volumen of NMC. If you're glad, make a mouse click on “Buy NMC”. Your plan will be filled when a Vendor sells their NMC for the price you introduced.
Step 5 – Withdraw Namecoin (NMC) Unless you're frequently trading, best advise is not to keep your coins on an Exchange for an extended time period. To take off your Namecoin (NMC), go to the ”Funds” tab and mouse click on “Withdraw”. Namecoin (NMC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Namecoin (NMC) by using the provided drop-down box. Put into the volumen of Namecoin (NMC) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. When you're happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.