How to Buy Nimiq (NIM) in Armenia

A Step-by-Step-Guide on how to buy Nimiq (NIM) in Armenia

Step 1 – Join Coinmama

You will first need to purchase one of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and receive your Ethereum or Bitcoin.

Binance Signup
Step 2 – Transfer Your Funds to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Nimiq (NIM) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate {Nimiq (NIM)|(NIM) Nimiq}

As soon as your deposit has been affirmed, you will immediately have access to your funds and you can begin purchasing and trading. To purchase {Nimiq (NIM)|(NIM) Nimiq} on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

In order to locate {Nimiq (NIM)|(NIM) Nimiq}, you will need to put the short name of the asset (NIM) into the search-box, which is marked in the picture. Make sure you have choosen the proper grouping, we've marked this also. Click on “NIM/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} Nimiq (NIM)
Step 4 – Buying {Nimiq (NIM)|(NIM) Nimiq}

As soon as you have discovered {Nimiq (NIM)|(NIM) Nimiq}, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're creating our Limit Order.

The ”Price” field will be automatically filled with the most latest tariff {Nimiq (NIM)|(NIM) Nimiq} was sold for. This can be changed to your desired rate. The ”Amount” field is the amount of NIM you want to purchase. The ”Total” field is the whole price in BTC that you will settle for the whole amount of NIM.

When you are satisfied, click on “Buy NIM”. Your order will be filled as soon as a Vendor sells their NIM for the price you gave.

Step 5 – Withdraw {Nimiq (NIM)|(NIM) Nimiq}

Unless you are regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time period. To withdraw your {Nimiq (NIM)|(NIM) Nimiq}, go to the ”Funds” tab and mouse click on “Withdraw”. {Nimiq (NIM)|(NIM) Nimiq} can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Nimiq (NIM)|(NIM) Nimiq} by using the provided drop-down box. Enter the volumen of {Nimiq (NIM)|(NIM) Nimiq} you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you are happy, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Kudos! You have successfully bought and safed Nimiq (NIM) in Armenia.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the {Nimiq (NIM)|(NIM) Nimiq} is stored inside your wallet, you are finished.

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