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 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Namecoin (NMC) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you have chosen the correct coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find Namecoin (NMC)

As soon as your deposit has been affirmed, you'll directly have access to your assets and you can start buying and trading. To invest in Namecoin (NMC) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

In order to spot Namecoin (NMC), you will need to insert the cointype (NMC) into the search-box, which is marked in the image. Be certain of having selected the right grouping, we've marked this also. Click on “NMC/BTC” to continue.

Step 4 – Purchasing Namecoin (NMC)

Once you have found Namecoin (NMC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent rate Namecoin (NMC) was traded for. This can be changed to your preferred price. The ”Amount” field is the amount of NMC you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole amount of NMC.

When you are satisfied, make a mouse click on “Buy NMC”. Your plan will be filled when a Seller sells their NMC for the price you offered.

Step 5 – Withdraw Namecoin (NMC)

Unless you're frequently trading, never keep your crypto coins on an Crypto Trader for an longer period of time. To withdraw 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)

Find Namecoin (NMC) by using the provided drop-down box. Drop in the quantity of Namecoin (NMC) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.