How to buy NXT coin? Graphic tutorial of NXT coin buying and selling transaction operation steps

To acquire NXT coins, establish an account on a reliable cryptocurrency exchange (e.g., Binance, Bittrex, HitBTC), deposit funds, and place a "Buy NXT" order.

Oct 14, 2024 at 09:53 pm

How to Buy NXT Coin: A Comprehensive Guide

Step 1: Set Up a Cryptocurrency Exchange Account

• Choose a reputable cryptocurrency exchange that supports NXT, such as Binance, Bittrex, or HitBTC.
• Create an account on the exchange and verify your identity as required.

Step 2: Fund Your Account

• Deposit funds into your exchange account using fiat currency (e.g., USD, EUR) via bank transfer, credit/debit card, or other supported methods.
• Alternatively, you can transfer cryptocurrency from another wallet or exchange to your exchange account.

Step 3: Place a Buy Order for NXT

• Navigate to the NXT trading page on the exchange.
• Select the "Buy NXT" option.
• Enter the amount of NXT you want to buy.
• Choose a market order to buy at the current market price, or a limit order to set a specific price at which you want to buy.
• Once satisfied with your order details, click "Buy NXT."

Step 4: Confirm Order Execution

• The exchange will automatically search for sellers to match your order.
• Once your order is matched, you will receive the purchased NXT coins in your exchange wallet.

Step 5: Withdraw NXT Coins

• If you want to hold your NXT coins offline, you can withdraw them to a personal cryptocurrency wallet that supports NXT.
• Select the "Withdraw" option from your exchange account.
• Enter the recipient wallet address and the amount you want to withdraw.
• Confirm the transaction and submit your withdrawal request.

Selling NXT Coins

To sell NXT coins, follow these steps:

Step 1: Place a Sell Order

• Navigate to the NXT trading page on the exchange.
• Select the "Sell NXT" option.
• Enter the amount of NXT you want to sell.
• Choose a market order to sell at the current market price, or a limit order to set a specific price at which you want to sell.
• Once satisfied with your order details, click "Sell NXT."

Step 2: Confirm Order Execution

• The exchange will search for buyers to match your order.
• Once your order is matched, your NXT coins will be sold, and the proceeds will be credited to your exchange account.

Step 3: Withdraw Proceeds

• If you want to withdraw the proceeds from selling your NXT coins, follow the steps outlined in Step 5 of the buying process.