How to buy NavCoin (NAV) | a step-by-step guide

What is NavCoin?

NavCoin is an easy to use digital currency – run by its community. It ‘s programmable money that lowers the price of doing business in the Web3 economy. Designed for flying, brassy, and secure peer-to-peer payments NavCoin is a network that ‘s driven to lowering the monetary value of doing business. NavCoin funds itself using the most advance residential district fund ever built. The first fully-decentralised, fully-autonomous fund that only the residential district controls. decentralization is built into the very initiation of the network, to create a culture of permissionless invention. NavCoin scaling testing shows stream capacity at 260+ transactions per second, aboard active research into layer 2 scale solutions, while NavCoin uses OpenAlias to make sending money arsenic easy as typing an electronic mail address- transactions show up in seconds, and are confirmed within 30 seconds, making it ideal for commercial enterprise.

Where and how to buy NavCoin

Buy NavCoin on Binance using Bitcoin

It ‘s not possible to buy NavCoin directly on Binance, but you can buy Bitcoin with a credit rating batting order or debit circuit board on Binance and then central that for NavCoin .
Or if you prefer you can buy Bitcoin from somewhere else and send it to Binance : guides to buying Bitcoin and sending it can be found here .

Step 1: Set up an account on Binance

Whichever of the above options you choose, the first tone is to join Binance- snap here to go to the site .
Binance

enter your electronic mail address and a hard password ( take password security system arsenic badly as you would for your trust score ) .
Click the confirmation box to confirm you ‘re over 18 and cluck ‘create score ‘ .
You will be sent an e-mail with a confirmation code. Go find that electronic mail ( check your spam or junk booklet if you do n’t see it within a infinitesimal or two ) .
once you have the code enter it on this page .
If you ‘re buying Bitcoin from another substitute and sending it to Binance then click here. otherwise keep following this guidebook .
You will be given some options on how to get started .
however you wo n’t be able to use any of these options until you ‘ve added more security to your account and verified your identity. so for the here and now click the ‘go to dashboard ‘ link .
You will be asked to increase your account security by enabling 2FA ( two factor authentication ). Click the Google authentication option and follow the instructions to set it up .
once your bill is secured, return to the dashboard and pawl ‘security ‘ .
Click ‘verify ‘ .
On this page you will see ‘basic information ‘. Click ‘verify ‘. Enter your identify and address as it appears on your personal recognition ( for exemplar, your pass, national recognition menu or drivers license ) .
You will then be asked to verify your identification and face .
Start the verification. Select the nation your identification was issued in and the type of identification you have .
You will then be given the option to either take a photograph of the designation and your grimace using your webcam or upload files of the like. If you ‘re on a mobile phone, you can click the issue yoke to continue verification on your earphone .
Follow the confirmation instructions until successful. It may take a short fourth dimension before your verification is applied to your score, so please be affected role .

Step 2: Buy Bitcoin (to exchange for NavCoin)

now that your account is guarantee and identity verified, on the top menu chink ‘buy crypto ‘ and ‘credit/debit poster ‘ .
On the next page you ‘ll be given the choice to select your prefer currency .
enroll the measure you ‘d like to spend .
choice Bitcoin from the drop down menu .
Press ‘buy Bitcoin ‘
You may be asked to supply some extra information. This is to satisfy external regulations .
You may be told that your report is under review to assess if you are eligible to purchase cryptocurrencies using a credit card or debit card .
This review procedure normally takes under two minutes but may take up to two hours .
once the review summons has passed you will be asked to add your credit rating or debit card details to Binance .
once the details have been entered you will be given a drumhead of your buy .
If you ‘re happy with what you see snap ‘confirm ‘ .
Note: Your first cryptocurrency leverage might be blocked by your savings bank for security reasons. If this happens you should contact your bank and instruct them that the attempted purchase was made by you and you wish to try again. You can then go back to Binance and attempt your Bitcoin purchase again .
success !
Your Bitcoin will soon be in your Binance wallet .
now click here to go to the Bitcoin/NavCoin exchange on Binance .

Step 3: Trade Bitcoin for NavCoin using the Binance exchange

The exchange foliate can look overwhelming at first but do n’t worry, you ‘re merely going to use a little separate of it .
There are two ways of buying NavCoin- a terminus ad quem ordering ( more complicated ) and a grocery store bargain ( very simple ) :

A ‘Limit’ order
A limit order lets you manually set the price at which you want to buy NavCoin ( NAV ) .
In the ‘exchange ‘ section of the page choice ‘limit ‘ .
record the price ( priced in Bitcoin ) you want to pay for NavCoin in the ‘price ‘ box .
then figure the sum of NavCoin ( NAV ) you want to buy in ‘amount ‘ .
You will be told the total measure of Bitcoin the orderliness will cost. Press ‘buy NAV ‘ .
Note: your holy order will entirely fill if the price of NavCoin reaches the price you set .

Read more: Events Timeline

A ‘Market’ buy
A market buy fills your order mechanically at the best price available .
In the ‘exchange ‘ section of the page blue-ribbon ‘market ‘ .
In the box marked ‘amount ‘ meet in how many NAV you ‘d like to buy. It may be easier to use the percentage buttons below the input signal box- for example, press 50 % if you ‘d like to exchange 50 % of your Bitcoin for NAV .
once you ‘re glad with the measure compress the green clitoris marked ‘buy NAV ‘ .
Your order will be filled immediately .

Congratulations- you nowadays own some NavCoin !
In the future if you decide to sell your NavCoin you can do therefore easily by using the like ‘limit ‘ or ‘market ‘ method acting, but using the ‘sell ‘ option rather .

Buy NavCoin on Binance using Bitcoin bought on another exchange

Click ‘deposit crypto ‘ .
On this page you ‘ll be given a Bitcoin ( BTC ) address .
nowadays you need to buy some Bitcoin. Follow our guide to buying Bitcoin here .
once you have Bitcoin, send it to your Binance Bitcoin ( BTC ) address .
The summons of sending Bitcoin varies by switch over, but the guide you used to buy Bitcoin will besides explain how to send it .
It can take 20-60 minutes for Bitcoin to send and confirm. You do n’t have to sit and wait- once your Bitcoin has been successfully deposited to Binance you will be sent a ratification e-mail .
once you ‘ve received the e-mail chatter here to go to the Bitcoin/NavCoin exchange on Binance .
The exchange page can look overwhelming at first but do n’t worry, you ‘re only going to use a small partially of it .
There are two ways of buying NavCoin- a specify order ( more complicated ) and a market buy ( identical simple ) :

A ‘Limit’ order
A limit order lets you manually set the price at which you want to buy NavCoin ( NAV ) .
In the ‘exchange ‘ section of the page choice ‘limit ‘ .
figure the price ( priced in Bitcoin ) you want to pay for NavCoin in the ‘price ‘ box .
then enter the sum of NavCoin ( NAV ) you want to buy in ‘amount ‘ .
You will be told the sum sum of Bitcoin the order will cost. Press ‘buy NAV ‘ .
Note: your order will alone fill if the price of NavCoin reaches the price you set .

A ‘Market’ buy
A commercialize buy fills your decree mechanically at the best price available .
In the ‘exchange ‘ incision of the page choose ‘market ‘ .
In the box marked ‘amount ‘ fill in how many NAV you ‘d like to buy. It may be easier to use the share buttons below the input box- for model, bid 50 % if you ‘d like to exchange 50 % of your Bitcoin for NAV .
once you ‘re happy with the measure press the fleeceable clitoris marked ‘buy NAV ‘ .
Your order will be filled immediately .

Congratulations- you now own some NavCoin !
In the future if you decide to sell your NavCoin you can do sol easily by using the lapp ‘limit ‘ or ‘market ‘ method acting, but using the ‘sell ‘ choice rather .

Using a VPN while signing up to and using Binance international

unfortunately Binance has barred US citizens from using their international rally. alternatively Binance has built a US based exchange- but it does not allow the leverage of NavCoin .
fortunately there is a workaround. You can use a VPN ( virtual private network ) that makes you appear to be accessing the internet from a unlike country. You can read more about what a VPN is here. It is strongly advised you use a impregnable paid-for VPN : you are dealing with money afterall. But if you in truth do n’t want to you can find the best free VPN software at Techradar.

Read more: Events Timeline

It ‘s very important to note that you must use a VPN EVERY time you access Binance international, otherwise it may be detected that you ‘re in the US and your account will be locked. If your account is locked you may not be able to withdraw any cryptocurrency you have stored in it.
once your VPN is set up, follow this guide to buy NavCoin on Binance .

source : https://ontopwiki.com
Category : Finance

Post navigation

Leave a Comment

Trả lời

Email của bạn sẽ không được hiển thị công khai.