A Step-by-Step-Guide on how to buy Namecoin (NMC)
Step 1 – Join CEX.io You will first need to buy units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and getting your Ethereum or Bitcoin.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Namecoin (NMC) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find (NMC) Namecoin As soon as your deposit has been confirmed, you'll directly have access to your finances and you can begin purchasing and trading. To purchase (NMC) Namecoin on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To find (NMC) Namecoin, you'll need to put the short name of the asset (NMC) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we've marked this also. Click on “NMC/BTC” to progress.
Step 4 – Buying (NMC) Namecoin As soon as you've discovered (NMC) Namecoin, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent price (NMC) Namecoin was sold for. This can be changed to your desired price. The ”Amount” field is the volumen of NMC you like to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the complete volumen of NMC. If you're glad, make a mouse click on “Buy NMC”. Your plan will be filled as soon as a Vendor sells their NMC for the price you submitted.
Step 5 – Withdraw Namecoin (NMC) Unless you're trading, you should never keepyour crypto on an Crypto Exchange for an extended period of time. In order to take off your Namecoin (NMC), hover over the ”Funds” tab and click on “Withdraw”. Namecoin (NMC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Namecoin (NMC) by using the given drop-down box. Put into the quantity of Namecoin (NMC) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you're satisfied, click on “Submit”. You may be requested for email/phone verification before a take off.