+19.58% growth: How to Buy Nano (NANO) — A Step by Step Guide

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What is NANO?

Launched in 2015, Nano describes itself as an open source, sustainable, and secure next-generation digital currency focused on removing perceived inefficiencies present in existing cryptocurrencies. Designed to solve peer to peer transfer of value, Nano aims to revolutionize the world economy through an ultrafast and fee-less network that is open and accessible to everyone. Nano is reportedly able to offer fast and feeless transactions due to the Block Lattice — a data structure in which all accounts each have their own blockchain, rather than competing with others on a central chain. Consensus is generated through representative voting, where accounts can freely choose their representative at any time with an update of their account chain, thereby providing more control for users to decide who validates transactions. Each component of the protocol was created with the long term goals of decentralization and accessibility in mind. By creating a system where representatives are not paid to operate, the incentive to participate in the network is shifted to indirect, operational cost savings. The team claims that this change in incentive model is more efficient and removes one of the factors driving centralization in other systems because participants are not encouraged to interact beyond their direct needs and supporting the network, and thus economies of scale become less critical.

Step 1: Register on Coinbase

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Step 2: Buy coins with fiat money

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Step 3: Transfer your cryptos to an Altcoin Exchange

Select altcoin exchanges:

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Step 4: Deposit BTC to exchange

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Step 5: Trade NANO

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Step 4: Deposit BTC to exchange

Good news: since we are trading crypto-to-crypto pairs, there is no need to go through account verification. Just head to the deposit section at the dashboard.

Step 5: Trade NANO

Go back to Mercatox, then go to Exchange>Basic. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let’s get our heads around this.

Step 4: Deposit BTC to exchange

Good news: since we are trading crypto-to-crypto pairs, there is no need to go through account verification. Just head to the deposit section at the dashboard.

Step 5: Trade NANO

Go back to KuCoin, then go to Exchange>Basic. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let’s get our heads around this.

Step 4: Deposit BTC to exchange

Good news: since we are trading crypto-to-crypto pairs, there is no need to go through account verification. Just head to the deposit section at the dashboard.

Step 5: Trade NANO

Go back to OKEx, then go to Exchange>Basic. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let’s get our heads around this.

Step 4: Deposit BTC to exchange

Good news: since we are trading crypto-to-crypto pairs, there is no need to go through account verification. Just head to the deposit section at the dashboard.

Step 5: Trade NANO

Go back to Huobi Global, then go to Exchange>Basic. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let’s get our heads around this.

Step 4: Deposit BTC to exchange

Good news: since we are trading crypto-to-crypto pairs, there is no need to go through account verification. Just head to the deposit section at the dashboard.

Step 5: Trade NANO

Go back to Gate.io, then go to Exchange>Basic. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let’s get our heads around this.

Last Step: Store NANO securely in hardware wallets

Trezor One White
Trezor One White

Trezor One White

  • Thousands of tokens/cryptos supported
  • Rich documentation online available
  • Affordable
  • Open-sourced firmware
Ledger Nano S
Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used with smartphone and tablet
  • Lightweight and Portable with built-in rechargeable battery
  • Support most blockchains and wide range of (ERC-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

Frequently Asked Questions

Can I buy NANO with cash?

There is no direct way to buy NANO with cash. However, you can use marketplaces such as LocalBitcoins to first purchase Bitcoin, and finish the rest of the steps by transferring your bitcoin to respective AltCoin exchanges.

Are there any quick ways to buy NANO in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Coinmama.

Are there any alternative platforms to buy NANO or Bitcoin with credit cards?

Yes. Changelly is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

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