A Step-by-Step-Guide on how to buy Namecoin (NMC)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and receive your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Namecoin (NMC) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you've selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate Namecoin (NMC) As soon as your deposit has been affirmed, you will directly have access to your assets and you can start purchasing and trading. To buy Namecoin (NMC) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To spot Namecoin (NMC), you will need to put the shortname of the coin (NMC) into the search box, which is marked in the image. Make sure you have selected the proper pairing, we have marked this also. Click on “NMC/BTC” to go on.
Step 4 – Buy Namecoin (NMC) Once you've discovered Namecoin (NMC), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to create our own Limit Order. The field with the “Price” tag will be filled with the most recent valuation Namecoin (NMC) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of NMC you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole quantity of NMC. When you're satisfied, click on “Buy NMC”. Your plan will be filled when a Vender trades their NMC for the price you submitted.
Step 5 – Withdraw Namecoin (NMC) Unless you're frequently trading, best advise is not to keep your coins on an Crypto Exchange for an extended time period. To take off your Namecoin (NMC), go to the tab called “Funds” and click on “Withdraw”. Namecoin (NMC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Namecoin (NMC) by using the provided drop-down box. Put into the amount of Namecoin (NMC) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, click “Submit”. You may be asked for verfication via email/phone ahead of a take off.