How to Buy Namecoin (NMC) in Armenia

A Step-by-Step-Guide on how to buy Namecoin (NMC) in Armenia

Step 1 – Signup to Coinmama

In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Ethereum or Bitcoin will need 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 illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this guide)

Make sure you've chosen the precise coin you wish to deposit.

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

Step 3 – Find {Namecoin (NMC)|(NMC) Namecoin}

As soon as your deposit has been affirmed, you will now have access to your assets and you can begin purchasing and trading. To invest in {Namecoin (NMC)|(NMC) Namecoin} on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”.

To discover {Namecoin (NMC)|(NMC) Namecoin}, you will need to insert the shortname of the coin (NMC) into the search box, which is marked in the graphic. Make sure you have selected the right pairing, we have marked this also. Click on “NMC/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Namecoin (NMC)
Step 4 – Buy {Namecoin (NMC)|(NMC) Namecoin}

Once you've spotted {Namecoin (NMC)|(NMC) Namecoin}, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are making our Limit Order.

The field with the “Price” tag will be automatically filled with the most latest valuation {Namecoin (NMC)|(NMC) Namecoin} was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of NMC you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete amount of NMC.

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

Step 5 – Withdraw {Namecoin (NMC)|(NMC) Namecoin}

Unless you're frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your {Namecoin (NMC)|(NMC) Namecoin}, hover over the ”Funds” tab and mouse click on “Withdraw”. {Namecoin (NMC)|(NMC) Namecoin} can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Namecoin (NMC)|(NMC) Namecoin} by using the provided drop-down box. Drop in the amount of {Namecoin (NMC)|(NMC) Namecoin} you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

If you're happy, click “Submit”. You may be asked for verfication via phone/email before a take off.

Congrats! You have successfully bought and stored Namecoin (NMC) in Armenia.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the {Namecoin (NMC)|(NMC) Namecoin} is safe in your wallet, you're finished.

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