How to buy Numeraire (NMR) in the UK

Numeraire (NMR) is the 292nd largest cryptocurrency by market cap, valued at US$85,122,156.

Numeraire is a highly volatile asset capable of major price swings in a single day. Today NMR is trading for $13.61 USD, which is higher than yesterday's trading price of $13.36 USD. Over the past year, Numeraire's price has seen an increase of 13%.

So before you buy Numeraire, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy Numeraire.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy Numeraire in the UK

Find an exchange to buy, sell and trade NMR by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Best Numeraire wallets to store your NMR

You can keep your NMR 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 NMR below.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Numeraire a good investment?

If you’re thinking of buying any NMR, some of the factors you may want to consider first include:

• Competition-centered design: According to CoinMarketCap, Numerai hosts a competition on a weekly basis wherein participants — i.e. data analysts — are required to make use of the data provided to them in order to come up with a financial model that is then tested in real-world markets for a period of three weeks. After this time period, the scientists responsible for creating the top 100 performing models are provided with incentives (in the form of BTC).
• Unique operational set-up: As a hedge-fund operation, Numerai is designed to help incentivize data analysts to come up with novel financial models using encrypted info that is automatically provided to them.
• The platform utilizes a unique mix of data science, machine learning, artificial intelligence and cryptography to achieve its goals (all while providing users with a high level of data security).
• Established team of backers: Numerai is the brainchild of Richard Craib, a graduate of Cornell University. He is well known for his various innovative approaches to hedge-fund management. In fact, as a result of his technical acumen, he was named to the Forbes' "30 under 30" list. Additionally, the company also has on its board the co-founder of Coinbase Fred Ehrsam as well as the founder of Polychain Capital Olaf Carlson-Wee and Kaggie board member Ash Fontana.
• Incentive-based operations: One of the core value propositions of the NMR token is that it is doled out to researchers whose models deliver decent results in the above-stated Numerai tournaments. What this basically suggests is that as more and more people continue to enter these tournaments, the token’s intrinsic value will increase.

Today's Numeraire price versus ATH

Compare today's price of Numeraire ($13.61 USD) against its all-time-high price of $93.15 USD on 16 May 2021. The closer the bar is to 100%, the closer NMR is to reaching its ATH again.

How to trade, convert or sell Numeraire

You can convert or sell your NMR with the same exchange you bought it through:

1. Sign in to the exchange you have NMR on.
2. If you store your Numeraire in a digital wallet, compare crypto exchanges to convert or sell it on.
3. Choose Sell or Convert and place a sell order.
4. Choose the amount of NMR you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Numeraire.
6. Complete your transaction and move your NMR to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.