How to Buy NXT with Credit Card and Debit Card
There are two ways to buy NXT with a credit or debit card. The first is to convert currency into Bitcoin, then convert Bitcoin into NXT. The second way is to use Changelly which is faster but has higher fees to purchase.
How to Buy NXT with Bank Transfer
There are two ways to buy NXT with a bank transfer or wire. See our tutorial below for instructions on each method.
Method 1 - USD/EUR -> BTC -> NXT
Step 1: Buy Bitcoin
Coinmama handles credit or debit card purchases. Coinmama is great because they have higher credit or debit card purchasing limits than Coinbase, as well as fast delivery of your funds. Bitpanda. Bitpanda is an exchange that processes credit or debit card purchases. Their fees are slightly lower, but ONLY sells Bitcoin to residents of European Union (EU) countries.
Coinbase is the most beginner friendly while Coinmama is great for credit or debit transactions as it has higher purchase limits and quick delivery. BitPanda is great (but it only works in Europe) and has a 5% fee on credit or debit purchases. We will use Coinbase in this example. Also, if you purchase over $100 of Bitcoin through the following link, you will receive an extra $10 BTC for FREE! Create an account on Coinbase if you don’t have one already and then add your payment method.
After creating your Coinbase account, you need to add a payment method. If you are going for the route with the lowest fees, it is best to use a bank transfer. If timing is more important, use a credit or debit card, as this is much faster! The Coinbase signup process takes time, but this is to ensure security for customers. Click the Buy/Sell tab on the top/middle of your screen. From this page, you can easily purchase Bitcoin, Litecoin, or Ethereum. All of these cryptocurrencies can be converted into NXT on exchanges such as Bittrex, but for this tutorial we will use Bitcoin.
Fiat to Bitcoin Exchanges
|Coinbase||USA||1.49% - Bank|
|Coinmama||Mostly Everywhere||5.5% Credit/Debit|
|Bitpanda||Europe ONLY||5% - Credit/Debit|
After hitting Confirm Buy, you are finished with this step! Next will be transferring the Bitcoin to a NXT exchange. Also, at this point, we strongly suggest setting up two-factor authentication (2FA) on all exchanges. Two factor authentication combines two different verification methods to ensure the real user is trying to access the account.
Bitcoin to NXT Exchanges
Step 2: Transfer your Bitcoin
Once you have Bitcoin, you will need to move it to an exchange that has BTC/NXT pairs. Bittrex is a popular choice among crypto traders as it has an intuitive interface and responsive customer support. Click the send button on Coinbase as seen in the picture below (highlighted in red). Next, you will be asked to enter the recipient’s wallet address. Enter your Bittrex Bitcoin address here, which you can find by going to the “Wallets” page on Bittrex and clicking the plus + sign next to “Bitcoin” as seen in the second picture below. Copy and paste the address into the recipient’s box on Coinbase.
Depending on the traffic on the Bitcoin network, your transfer may take 20 minutes to an hour, sometimes longer. This can be stressful but do not worry!
Step 3: Buy NXT!
After sending your bitcoin to Bittrex, you will want to go to the BTC/NXT trading page and enter a ratio you are comfortable with. You can look at the orderbook and see the going rates. After your order is processed, you now hold NXT!
How to Buy NXT with Changelly
Step 1: Create an account on Changelly. They have a relatively easy signup process and allow the use of Google, Twitter or Facebook logins to make the sign-up seamless.
Step 2: Upon creating an account, go to the main page as seen here, and use the conversion box to initiate an exchange. In this example, we are going to buy NXT with USD.
Can I Buy NXT on Coinbase?
Currently, Coinbase does not sell NXT. If you want to buy NXT, please follow the above steps by starting with Bitcoin. If you don’t have any Bitcoin, use Coinbase to get started!
How to Buy NXT with PayPal
Due to Paypal’s chargeback feature, buying NXT with Paypal requires one extra step. The exchange VirWoX allows you to convert paypal balance into Bitcoin. Read our tutorial on this conversion. Once you have Bitcoin, you can send it to Bittrex as seen in the example above.
Step 4: How to securely store NXT
NXT is an ERC20 coin that runs on the Ethereum Blockchain, which means that it can be stored using myEtherWallet and is also easily and securely stored on the highly popular hardware wallet Ledger Nano S!