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Where to buy, sell and trade Nav Coin (NAV), plus how it works

Your guide to buying, selling and trading Nav Coin in the US.

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Fact checked

Nav Coin (NAV) is a decentralized cryptocurrency based on Bitcoin Core. It offers completely anonymous payments and a 30-second transaction time, and it’s currently available on a number of cryptocurrency exchanges.

So, how does Nav Coin work and where can you buy NAV in the US? Let’s take a closer look.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy, sell and trade NAV

You can purchase Nav Coin on a wide range of popular cryptocurrency exchanges, including the following:

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Credit card,Cryptocurrency
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
AdvCash,Cryptocurrency,Payeer,Perfect Money,Capitalist
USD, RUB

1427
cryptocurrencies

Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
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Compare up to 4 providers

A step-by-step guide to buying Nav Coin

If you want to buy Nav Coin, you should be aware that there’s currently no way to directly exchange fiat currency (such as your US dollars) for NAV. Instead, you’ll need to purchase a cryptocurrency such as bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC) and then exchange that currency for NAV.

Here’s an example of how you can purchase Nav Coin:

Step 1. Create an account at any exchange where you can buy NAV

It’s free to sign up for an account by providing your name, email address, phone number and proof of ID. For extra security, set up two-factor authentication before you start trading.

Step 2. Deposit funds into your account

The steps you need to follow to deposit funds into your account will vary slightly depending on the exchange you’re using.

Step 3. Buy NAV

Now it’s time to trade BTC, ETH or LTC for Nav Coin. Once again, the process for doing so differs slightly from one exchange to the next.

NAV wallets

Once you’ve purchased Nav Coin, it’s important to store your cryptocurrency in a secure wallet. The Nav Coin Core wallet is available for download from the official Nav Coin website and is compatible with Windows, OSX and Linux.

There’s also a paper wallet generator available for download if you would prefer to store your coins offline.

How Nav Coin works

One of the first fully anonymous cryptocurrencies, Nav Coin was launched in 2014. Originally starting life as SummerCoinV2, it was eventually rebranded to its current moniker.

Nav Coin is based on NavTech, which combines the bitcoin blockchain with its own secondary subchain. This means Nav Coin transactions can be scrambled so that the sending wallet can be completely disconnected from the receiving wallet. As a result, NAV users have the option to send completely anonymous transactions via this dual blockchain system.

How to sell or trade Nav Coin

  1. Go to the exchange platform in which you hold Nav Coin. Choose a platform from the list above if you hold your Nav Coin in a digital wallet.
  2. Within the platform, transfer your Nav Coin to BTC, ETH or LTC.
  3. Follow the instructions in the platform to complete your sale or trade.

What to consider before buying Nav Coin

Considering buying Nav Coin? There are several important factors you should take into account before deciding whether to buy:

  • Up to 5% interest. As Nav Coin uses a proof-of-stake algorithm to process transactions and secure its network, coin holders that stake their NAV holdings receive up to 5% interest on that amount.
  • Transaction time. While many other cryptocurrencies have transaction times of 10 minutes, Nav Coins can be sent anywhere in the world almost instantly. The NAV you send can become spendable within 30 seconds, which can be useful should you need to take advantage of a time-critical opportunity.
  • Transaction cost. One factor that differentiates Nav Coin from many other cryptocurrencies is its low transaction cost of 0.0001 NAV. Remember to take this figure into account when calculating the utility of Nav Coin.
  • The team behind NAV. Consider the team of developers behind Nav Coin to get a better idea of who’s running the company. You can find information on the team on the official Nav Coin website, and the company is based in Auckland, New Zealand.
  • Future developments. The potential increase or decrease in the value of NAV will be affected by the future projects it has in the pipeline. You can find information on these projects and a project roadmap on the NAV website. For example, at the time of writing, the company was working on NavTech Polymorph. This project is designed to combine NavTech’s anonymous transactions with Changelly’s instant exchange service, with the aim of allowing people to send more than 25 cryptocurrencies anonymously.
  • Competition. Another factor that could affect the value of NAV is competition from other privacy coins. Examples of other cryptocurrencies operating in this space include Verge, Monero, Dash and Zcoin.

FAQs

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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