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How to buy Nominex (NMX)

Learn how to buy Nominex (NMX) in our step-by-step guide.

Where to buy Nominex

It looks like NMX may not be available to purchase on an exchange in the US.

You can still purchase NMX by using a decentralized exchange (DEX) instead. decentralized exchanges are web applications that run on blockchains like Binance Smart Chain (BSC) and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase NMX using a decentralized exchange.
  1. Find NMX on a decentralized exchange and make sure Nominex can be traded for BNB which is the native asset of Binance. The most popular DEX on Binance Smart Chain is PancakeSwap.
  2. Buy BNB to trade for NMX using an exchange like Crypto.com. You will need to purchase enough BNB to swap for NMX as well as BNB to pay for transaction fees (known as gas) on the BSC network, which usually costs less than a dollar.
  3. Transfer the BNB into a a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade BNB for NMX on PancakeSwap, following the instructions on screen. Make sure to leave enough BNB in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the NMX tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Best Nominex wallets to store your NMX

You can keep your NMX on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your NMX below.
Read more

Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is Nominex a good investment?

When buying any cryptocurrency it is important to understand the risks associated with the underlying technology. In particular, buyers of NMX should consider the following:

  • Farming rewards and competition: Nominex claims to be one of the first centralized exchanges to offer DeFi farming and a utility token. The platform offers up to 72 years of daily farming rewards for those staking the native NMX token. While an attractive prospect, the exchange will still need to compete with centralized exchanges that provide a similar offering to users. These include Binance (BNB), Crypto.com (CRO), KuCoin (KCS). The native tokens of these exchanges can also be staked for rewards and benefits within the associated platform.
  • No KYC requirements: Nominex does not require any KYC or AML process for users looking to use the exchange. The exchange allows up to 0.1 BTC daily withdrawals without a user needing to hand over personal information. This could be an attractive prospect for investors that wish to keep their identity unknown.
  • Low fees: The platform offers up to 0% fees for those staking NMX. The prospect of 0% fees is another attractive prospect to investors and traders and could help to drive the long-term demand for the native NMX token.
  • Binance secured: Nominex has successfully secured a partnership with Binance, which is currently one of the largest exchange ecosystems in the world. Marketed as an official Binance broker, the brokerage partnership also means that all funds are secured within the Binance ecosystem - one of the safest currently available. The partnership with Binance is encouraging for the future prospects of the Nominex cryptocurrency exchange.
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Today's Nominex price versus ATH

Compare today's price of Nominex ($0.04239088 USD) against its all-time high (ATH) price of $8.03 on April 12, 2021. The closer the bar is to 100%, the closer NMX is to reaching its ATH again.

Current price: $0.04239088
All time high: $8.03
1%
99%
  1. Data by CoinGecko

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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