There are several trading platforms today on the ’net, but clearly Binance is one of the most popular and reputed.
Therefore, the first thing you should to do if you want to start out trading on it is to figure out how to purchase Nimiq (NIM).
For this reason, in this post we’ll bring you all the information you need to purchase Nimiq (NIM) on the Binance crypto exchange.
The only way to get started in trading on the Binance platform is registering to it.
Just follow each of the instructions listed below.
Proceed to the Binance main page and click on the "Register" option.
You have the direct access here.
At this moment press the "Register with a phone or email" button.
Apple devices can be used as well.
For the purpose of this guide, the e-mail address registration process will be shown.
The Binance platform will immediately send an activation code (remember: this is NOT the password you’ve created) that you’ll write it in the corresponding box, then press "Send"
That’s it! You are now subscribed to Binance.
Take a time to become familiar with the different areas of the Binance platform by visiting them.
That’s the best way to realize how friendly the Binance platform is, and how quick you can begin trading Nimiq (NIM).
Fulfill the mandatory ID checking to enable all those options.
It is very important to note that until you fulfill this safety step, you’ll not be able to start operating with Nimiq (NIM).
In the next instructions, you’ll be guided on how to do that. Zero problems.
The following are the instructions to verify your Binance subscription and get authorized to begin operating:
From the user profile menu, pick "Security"
You can also click the "Verify" button on the upper part of the navigator window
In the list shown on the left-hand side of the navigator window, select the "Identification" option.
Country of residence is the first thing you must select.
Now, the three verification levels:
Click on the "Start now" button below the "Verified" label, since this will be your beginning level.
Then a pop-up window will be shown and there you should provide the following info:
The next step is to check your identity using a legal document.
passport, ID card or even a driver’s license are all valid documents to complete this formality.
In the next step, you will have to take a selfie, following the platform’s instructions.
The last step is on Binance’s side: a verification process that will take only a short time.
When your request has been approved, the platform will send you an email, just be patient.
The following instructions will guide you through the Nimiq (NIM) trading process. As soon as you’ve received the confirmation email, you’re a Binance authorized Nimiq (NIM) trader.
Understanding how to invest your money in Nimiq (NIM) is not that hard.
Here, the Binance platform will ask you to provide a legal document for identity corroboration.
Use your ID card, passport or even your driver’s license to complete this step.
Follow the system requirements to take a selfie.
After completing all those requisites, the Binance system will do a verification process on your account.
All you need to do is wait patiently, Binance will send you an e-mail once your application has been accepted.
Congrats! Once you’ve received the confirmation you’re officially licensed to operate with Nimiq (NIM). The following instructions will be helpful.
First you need to discover how to convert money into Nimiq (NIM).
You may have different options throughout the process
To find out which alternatives you have when buying, browse through the "Buy cryptos" menu on the Binance homepage.
Obviously, you’ll only be able to do this after you’ve logged in
Move your mouse over this key and a list of buying alternatives will deploy.
It is time to verify your identity using a legal document.
Use your ID card, passport or even your license to complete this step.
Follow the system requirements to take a selfie.
Once those requisites have been fulfilled, the Binance system will perform a confirmation process on your account.
When your profile has been approved, the system is going to send you an email, just be patient.
After that, it’s time to acquire Nimiq (NIM), to do so see the guidelines below.
Understanding how to convert cash into Nimiq (NIM) is actually quite easy.
Take into account that you may have different options for this process
To know which options you have when buying, see the "Buy cryptos" menu on the Binance main page.
You need to, of course, do that after you’ve logged into your account
See all the different buying options just by placing your mouse over this button.
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
These guidelines will be helpful to continue the process:
In the next box, select the currency you’d like to use and enter how much you are going to invest.
Next, select the Nimiq (NIM) you are going to buy
After you do so, the platform will automatically show you the number of Nimiq (NIM) you’ll get, considering the amount of USD you’ve recently defined.
These directions will be helpful to continue the process:
Now you must pick the currency you want to use and enter how much you are going to invest.
Next, select the Nimiq (NIM) you are going to buy
The number of Nimiq (NIM) you are going to receive will depend upon the amount of USD you’ve previously indicated. The Binance system will automatically display it.
Click on "Continue".
If you are going to pay with a credit card, select in the "Visa/Mastercard" box the option "Add card".
Type your CC details and click "Next".
In this step you must specify the address the credit card is associated to. Write it exactly as it is, then select "Add card".
With this step, your card will be added to the payment methods in your account. Press "Continue".
The next screen will display a quick view of the operation in its final stage. It includes the amount your card will be charged, the chosen currency and the amount of Nimiq (NIM) bought.
Another important detail in this snapshot is the amount you’ll be charged as a commision for making the transaction.
Within the next 60 seconds click on "Confirm", and then the order will be automatically terminated.
The system will now redirect you to the credit card issuing bank. Proceed just as you usually do when making a standard online credit card payment.
When the banking process has been completed, you are already in possession of the purchased Nimiq (NIM) in your Binance e-wallet (called the «Spot Wallet»)
Next, all the important details of the transaction will be summarized: the amount to be charged on your credit card and the corresponding currency, and of course, the cryptos you will get.
Another important detail in this snapshot is the sum you’ll be charged as a commision for making the purchase.
Now you must acknowledge the order pressing the "Confirm" button during the following minute, or it will be automatically canceled.
The next step has to be done on the credit card bank system. Follow the directions in the same way you would pay with your card.
Your recently purchased Nimiq (NIM) will be available in your Binance e-wallet (referred to as the «Spot Wallet») after the banking process has been done
Once you have included the new method of payment to your account, move to the "Buy Crypto" menu (top part of the display), find the "Trading P2P" button, and follow the guidelines below:
The trader, upon confirming money reception, will instantly release the Nimiq (NIM).
You may verify your wallet account balance to confirm reception.
NB: you will have to move them to your Spot Wallet in order for you to get another cryptocurrency.
You can move them immediately right after the buying order has been completed just by clicking "Transfer to Spot Wallet".
This Nimiq (NIM) internal movement can be done anytime later.
Once you have completed a payment to the trader, they may release the Nimiq (NIM), just by confirming invoice of the payment.
You may check your wallet account balance to confirm reception.
Take into account that your Nimiq (NIM) must be in your Spot Wallet in case you want to purchase others, so you need to send them there before.
To accomplish this, all you have to do is click on "Transfer to Spot Wallet" right after the purchase order is completed.
This Nimiq (NIM) internal movement can be performed whenever you need.
With these funds already in your Spot Wallet, nothing keeps you from trading any cryptocurrency you think will yield the greatest profit.
To purchase Nimiq (NIM) from the Binance platform what you just have to do is described below:
Perfect! Now you have money available to trade any of the several Nimiq (NIM) in the Binance platform.
Purchase any cryptocurrency from Binance just following the instructions detailed below:
Based on this information, you are now ready to start out trading on the Binance platform.
Don’t wait any further and begin earning some extra money.
If you wish to earn money via cryptocurrencies, you would have to learn how to make use of the Kucoin platform. This trade is providing good benefits for all its users, in fact it is showing more and more progress in all its tradings.
If you want to learn very easily how to buy a Nimiq (NIM) in Kucoin, you must read this article.
Once you’ve subscribed to Kucoin and fulfilled the safety requirements, you have to deposit your cash. This process is rather simple, good news is that there are several ways to accomplish that.
One of them should be to enter to the «Balance» or «Assets» section at the top right from the navigator screen and choose the "Deposit" hyperlink. After that, pick the Nimiq (NIM) you would want to transfer into your personal account to purchase new cryptos, for example, USDT.
After this, you will need to select the network you will utilize for the operation. All of us advise Tron (TRC20) because it takes the lowest commissions.
Below you’ll find the address you should insert in the "Exchange" where you have the USDT you’d like to transfer to Kucoin. When you do this, you’ll instantly receive the funds in your main account.
If this seems not to be not working in the country you’re currently living, you may attempt moving funds to your account through P2P trading. This kind of transaction means that you make a bank transfer to any of the registered traders to receive any of the certified cryptos.
Now that you have the funds in your account, it’s the perfect time to learn how to work with the Kucoin website.
Purchasing a Nimiq (NIM) on Kucoin you need to send the money you have just purchased to the trading accounts. To accomplish this you have to navigate to the "Balance" menu, click the main account, enter your cryptocurrencies and after that choose «Transfer». This last option can be located on the same line than the currency you are going to use to complete the purchase.
If that seems not to be not working in your country, you could attempt moving the money to your account via P2P trading. This kind of purchase implies that you actually make a traditional bank transfer to one of the listed traders to get any of the official cryptos.
When you obtained the money in your account, it’s time to learn how to use the Kucoin website.
Before buying a Nimiq (NIM) on Kucoin you need to transfer the money you’ve just purchased to the trading accounts. To accomplish this you must open the "Balance" menu, click on the main account, enter your cryptocurrencies then choose «Transfer». This last option can be found on the same line as the currency you’ll use to complete the purchase.
After that, you are sent to a window for choosing where you wish to send the funds. You have to take from the «Main Account» to the «Trading Account», and add the currency and the amount you want to send to trade. Then click on «Confirm».
Now that you got the cash already credited in your account, you can buy your crypto and begin trading.
Next we will make clear how to purchase Nimiq (NIM) in diverse ways. To begin, you should go to the «Trade» menu and click on «Spot trading» (Spot Market). After that write the term Nimiq (NIM) in the search line in the top corner of the webpage.
The platform will indicate the crypto pairs you are authorized to operate with.
In other words, you will only be able to purchase Nimiq (NIM) only with the crypto pairs displayed there.
In this case, you’re allowed do it with «USDT», «USDC», «KCS», and «BTC».
We select ADA/USDT since we’ve got funds in this couple. When we do so, it instantly loads the crypto information and the order book with the buy and sell tradings.
To be able to do the operation, it is necessary to type the corresponding key.
At the bottom on the right-hand part, it shows the user the financial markets to trade crypto, automatically enabling the «Spot». There you’ll find 3 ways to buy Nimiq (NIM). Next you’ll see the options:
You can also configure the order activation but process it at the optimum market price. You will do this by selecting «Stop Market», and indicating in «Stop Price» the value you want the Nimiq (NIM) to get to trigger the order and the amount of USDT to invest. By simply clicking Buy Nimiq (NIM), your buying order will be processed at the market rate once it is the same as the stop price you have previously put.
With any of these options, you’ve already got the Nimiq (NIM) tokens you’ve just bought available in your trading account. From this moment you can operate with that or you can buy other cryptos. Remember that with Nimiq (NIM) you’ll only be capable to get the cryptos available in their pairs. Often you will need to sell your Nimiq (NIM) for a crypto that is commonly available in the Nimiq (NIM) pairs, such as BTC, USDT, and BNB, after which you can buy the particular one that you really expect.
You can now start trading a Nimiq (NIM) via Kucoin.
