A Step-by-Step-Guide on how to buy Namecoin (NMC) in Anguilla
Step 1 – Join Coinmama You will first need to buy one of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and receive your Ethereum or Bitcoin.
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange 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 will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate Namecoin (NMC) As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can launch purchasing and trading. To purchase Namecoin (NMC) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To locate Namecoin (NMC), you will need to put the shortname of the coin (NMC) into the search box, which is highlighted in the image. Be certain of having selected the right pairing, we've marked this also. Click on “NMC/BTC” to progress.
Step 4 – Buy Namecoin (NMC) Once you have spotted Namecoin (NMC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are going to make our own Limit Order. The ”Price” field will be filled with the most latest price Namecoin (NMC) was sold for. You can change this to your preferred price. The ”Amount” field is the volumen of NMC you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of NMC. If you are glad, make a mouse click on “Buy NMC”. Your order will be filled as soon as a Vendor sells their NMC for the price you gave.
Step 5 – Withdraw Namecoin (NMC) Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an longer period of time. In order to take off your Namecoin (NMC), hover over the tab called “Funds” and click on “Withdraw”. Namecoin (NMC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Namecoin (NMC) by using the provided drop-down box. Put into the volumen of Namecoin (NMC) you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you're happy, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.
Congratulations! You have successfully purchased and stored Namecoin (NMC) in Anguilla.That's it! Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the Namecoin (NMC) is safe in your wallet, you're all done.
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