How to Buy Nimiq (NIM) with michi ($MICHI)
To buy Nimiq using michi, first, find a cryptocurrency exchange that supports the NIM/$MICHI trading pair. Create an account, verify your identity, and deposit your $MICHI into your exchange wallet. Locate the NIM/$MICHI pair on the trading platform and place an order to exchange your michi for Nimiq. If the NIM/$MICHI pair is unavailable, you can first exchange michi for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Nimiq. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
How to Sell Nimiq (NIM) for michi ($MICHI)
To sell Nimiq for michi, first, find a cryptocurrency exchange that supports the NIM/$MICHI trading pair. Create an account, verify your identity, and deposit your NIM into your exchange wallet. Locate the NIM/$MICHI pair on the trading platform and place a sell order to exchange your Nimiq for michi. If the NIM/$MICHI pair is unavailable, you can first sell Nimiq for a stablecoin like Tether (USDT) or a fiat currency, then trade that for michi. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.