If you’re based in the USA and wish to buy NANO – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many NANO tokens you want to buy.
NANO cryptocurrency operates under a decentralized finance protocol. The coin is an open-source cryptocurrency designed to operate absent any intermediaries and facilitates a fast and secure transaction.
What’s in This Guide?
The following guide is structured to help you buy the NANO tokens over your preferred exchange account. In this guide, you will find a simplified guide to take you through the entire process of registering for an exchange account, funding the account and buying the NANO tokens. The guide will also explain how you can sell your cryptocurrencies and how you can hold or store them safely until when you are ready to put them to use.
- QUICK GUIDE: HOW TO BUY NANO IN THE USA
- Where To Buy NANO In The USA
- A Step-by-step Guide to Buying NANO in Australia
- How to Sell NANO
- Which Wallets Can I Use to Hold NANO Tokens?
- How NANO Tokens Work
- Key Things to Consider When Buying NANO Tokens
QUICK GUIDE: HOW TO BUY NANO IN THE USA
- Open an account with a cryptocurrency exchange
- Verify your account
- Go to the deposit section
- Go to the platform and select NANO
- Enter how many NANO tokens you want to buy
- Check the details and confirm your purchase
Where To Buy NANO In The USA
Are you searching for how to buy NANO in the USA? Well, there are hundreds of crypto exchanges and brokers in the USA. This can make it hard to know which platform is right for you.
List of the best Exchanges to buy NANO in the USA:
Looking where to buy NANO in the USA right now? Below you will find 4 of the best brokers that allow you to buy NANO in the USA.
- Binance - Best exchange to buy NANO USA for asset diversity
- Coinbase - Best exchange to buy NANO for beginners
- OKEx - Best broker to buy NANO USA for low-cost
A Step-by-step Guide To Buying NANO In USA
The following is a step-by-step guide designed to help you in your journey to buy NANO tokens over an exchange account of your choice. At this point, it is important to note that you can use either of the following two ways to buy your NANO tokens. The two approaches are tried and tested and have a track record of successful outcomes for the investor or trader, depending on the approach that best serves their situation.
Buying NANO with other cryptocurrencies
The first approach involves using other cryptocurrencies to exchange for the NANO tokens at the rates that compare them at the trade time (at the current rate). While this approach is very common, certain exchange accounts do not feature it as an alternative way to buy the tokens. To buy NANO tokens using other cryptocurrencies, all you have to do is select the pair that matches your intended trade. For instance, if you want to buy NANO tokens using Bitcoin, you have to select the pair that reads BTC/NANO.
Buying NANO with fiat currency
The second approach for buying NANO tokens over n exchange is to use fiat current. This entails using the country's currency, in this case, USD, to buy the NANO coins. Like the other option, buying NANO coins using USD is also determined by the prevailing rates (current rates) at the transaction time. Buying NANO coins using fiat currency is the most preferred option, as seen in most accounts, as it makes the entire process easy and fast.
Step 1: Register an account
Step one involves the registration process, which means that you have to sign up for an exchange account. In the signing up process, you will be required to provide personal details such as your name, contact number and email address. Next, confirm that the details are correct and check your email for a verification notification. In appreciation of the KYC compliance regulations, you have to verify your identity. Finally, you address using your government-issued Identity card and a utility bill, respectively.
Step 2: Deposit funds into the account
After registering an account, the next step is to fund that account. Funding an exchange account involves a direct deposit from your bank into the account or linking your credit or debit card to the account. The funds deposited into the exchange account are the ones that will be used to buy the NANO tokens.
Step 3: Buy NANO tokens
Now that you are ready to start buying the NANO tokens, proceed to the buy section of the account and enter the amount in USD you wish to buy NANO tokens. Depending on the rate, you will get the NANO coins equivalent to the amount of USD you have staked. As mentioned above, you have the option to use fiat currency or other cryptocurrencies to exchange for the NANO tokens. Both options will prove effective for as long as the exchange account you use supports what you choose.
How To Sell NANO
Selling NANO tokens is another easy process and does not require any special skills whatsoever. All you have to do is navigate to the sale section of the account and enter the amount of NANO coins you wish to sell. After that, confirm that you wish to proceed with the order. You will receive a notification in your email address to confirm that the transaction has already been initiated and will be completed soon.
Which Wallets Can I Use To Hold NANO Tokens?
Two wallets can be used to store NANO tokens - hot wallets and cold wallets. Hot wallets store the cryptocurrency online using online provisions such as apps. With hot wallets, token holders can easily retrieve their tokens for other transactions upon need.
However, investors who normally hold on to their tokens for some time before using them prefer cold wallets. These provide a means for storing the tokens offline. Cold wallets use external hardware devices such as USB drives.
How NANO Tokens Work
NANO token is based on the Ethereum blockchain and operates on the decentralized finance (DeFi) protocol. AS such, there is no need to have an intermediary during the transaction, making it fast, safer and cheaper.
Key Things To Consider When Buying NANO Tokens
There are certain factors you must consider when buying NANO tokens. These include:
More available tokens are more accepted for trade because they have already passed the testing phase and survived. Therefore, go for highly available tokens.
Tokens that are more usable, in the sense that they can be applied over many uses, hold more value, making them a better choice.
You can use the history of a coin to predict how it will perform over the next few months.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.