How to Buy Nimiq (NIM) in Australia

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

Step 1 – Join Coinmama

In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and receive your Ethereum or Bitcoin.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Nimiq (NIM) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you have selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

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

Once your deposit has been confirmed, you'll instantly have access to your assets and you can begin purchasing and trading. To invest in {Nimiq (NIM)|(NIM) Nimiq} on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover {Nimiq (NIM)|(NIM) Nimiq}, you'll need to put the shortname of the coin (NIM) into the search box, which is marked in the graphic. Be certain of having choosen the right grouping, we've marked this too. Click on “NIM/BTC” to go on.

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

After you have spotted {Nimiq (NIM)|(NIM) Nimiq}, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to create our own Limit Order.

The ”Price” field will be automatically filled with the latest tariff {Nimiq (NIM)|(NIM) Nimiq} was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of NIM you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole amount of NIM.

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

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

Unless you are regularly trading, best advise is not to keep your coins on an Crypto Trader for an extensive period of time. In order to withdraw your {Nimiq (NIM)|(NIM) Nimiq}, go to the ”Funds” tab and click on “Withdraw”. {Nimiq (NIM)|(NIM) Nimiq} can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are satisfied, click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Kudos! You have successfully bought and stored Nimiq (NIM) in Australia.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you've proved your take off with or and the {Nimiq (NIM)|(NIM) Nimiq} is stored within your wallet, you are done.

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