Why do cryptocurrency prices spike after exchange listings?
A post by Evelyn Soto
1 Bitcoin equals $1.16M NYM
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Platform | Bitcoin | NYM |
---|---|---|
Kraken | 1 BTC | 1.16M NYM |
To buy Bitcoin using NYM, first, find a cryptocurrency exchange that supports the BTC/NYM trading pair, such as Kraken. Create an account, verify your identity, and deposit your NYM into your exchange wallet. Locate the BTC/NYM pair on the trading platform and place an order to exchange your NYM for Bitcoin. If the BTC/NYM pair is unavailable, you can first exchange NYM for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Bitcoin for NYM, first, find a cryptocurrency exchange that supports the BTC/NYM trading pair, such as Kraken. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the BTC/NYM pair on the trading platform and place a sell order to exchange your Bitcoin for NYM. If the BTC/NYM pair is unavailable, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for NYM. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Evelyn Soto
A post by William Parvez