How to Buy Nimiq (NIM) in Azerbaijan

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

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to buy one of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and receive your welcome 10$.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Nimiq (NIM) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

Make sure you've selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).

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

As soon as your deposit has been approved, you'll directly have access to your funds and you can begin buying and trading. To buy {Nimiq (NIM)|(NIM) Nimiq} on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”.

In order to discover {Nimiq (NIM)|(NIM) Nimiq}, you'll need to insert the short name of the asset (NIM) into the search-box, which is marked in the graphic. Make sure you have selected the correct pairing, we have marked this too. Click on “NIM/BTC” to progress.

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

As soon as you've found {Nimiq (NIM)|(NIM) Nimiq}, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the latest rate {Nimiq (NIM)|(NIM) Nimiq} was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of NIM you like to buy. The ”Total” field is the total price in Bitcoin that you will pay for the whole quantity of NIM.

If you are satisfied, click on “Buy NIM”. Your order will be filled when a Vendor trades their NIM for the price you offered.

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

Unless you are trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your {Nimiq (NIM)|(NIM) Nimiq}, go to the ”Funds” tab and click on “Withdraw”. {Nimiq (NIM)|(NIM) Nimiq} can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Nimiq (NIM)|(NIM) Nimiq} by using the given drop-down box. Drop in the amount of {Nimiq (NIM)|(NIM) Nimiq} you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

If you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Congratulations! You've successfully purchased and stored Nimiq (NIM) in Azerbaijan.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the {Nimiq (NIM)|(NIM) Nimiq} is stored inside your wallet, you're finished.

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