+11.06% growth: How to Buy Nimiq (NIM) – A Step by Step Guide
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What is NIM?
Nimiq describes itself as a decentralized, censorship-resistant payment protocol native to the web, with its own ecosystem of apps. The browser-first blockchain approach means that users directly connect to the blockchain with nothing more than a browser.
Nimiq co-created a new consensus algorithm called Albatross, which reportedly reaches the maximum theoretical limit for a single-chain Blockchain. This Proof of Stake algorithm is currently being implemented in the Nimiq Blockchain, adding: Staking, ~1sec confirmations and +1000 transactions per second.
Team Nimiq also created technology aimed at mass adoption like Nimiq OASIS, a non-custodial FIAT HTLC that allows users to buy/sell Crypto to Fiat directly, with no middle-man.
Currently NIM is being ranked 551 on Coinmarketcap and has recently surged a hefty 11.06% at the time of writing.
NIM has been listed on a number of crypto exchanges, unlike other main cryptocurrencies it cannot be directly purchased with fiats. However, the good news is that it's being listed on Binance and KuCoin, two of the top crypto exchanges and has huge daily trading volumes. You can easily buy this coin with bitcoin purchased from any large exchanges, in this guide article we will walk you through in detail the steps to buy NIM.