What Is Nano or XRB Cryptocurrency?
Nano (formerly RaiBlocks) is an altcoin that first appeared in 2014. Unlike the major cryptocurrencies like Bitcoin, it can be transferred instantly, with zero fees and has infinite scalability. According to the RaiBlocks site, it is ideal for peer-to-peer transactions and its network requires minimal resources, no high-power mining hardware, and can process high transaction throughput.
So far Nano cannot be used for payments, but has seen rise in the investors’ interest. In case you also want to invest in it, this is what you should do.
How to buy Nano?
1. Buy Nano with another cryptocurrency. Since Nano is not a terribly popular altcoin and is seldom offered to buy for fiat currency, it would be easier to buy it with another cryptocurrency like Bitcoin or Ether. If you don’t have any of those, you can buy some at Coinbase. It is a major and reliable cryptocurrency exchange and operates in over 30 countries in the world. Probably the best thing about Coinbase is the option to buy cryptocurrencies with a credit or debit card, for a commission of 4%. Other deposit options, like bank transfer, come with a lower fee, but are a bit slower.
2. Once you get your Bitcoin or Ether, you should open an account with a cryptocurrency exchange that offers Nano. As we already said, there are not that many exchanges who offer this altcoin: Coin Falcon, Bit-Z, Mercatox, Kucoin, BitGrail and RightBTC.
3. After you have chosen an exchange, opened an account and underwent the verification procedure (if needed), you can transfer your cryptocurrency to the exchange and buy Nano with it.
You can also buy Nano with fiat currency. At the time of writing this article, there is just one exchange that offers this option: BitFlip. It is an exchange targeting mostly Russian-speaking clients, but also has an English version of the site. On it you can buy Nano for EUR, USD, RUB and UAH.
When you already have your Nano, we suggest to transfer them from the exchange to your own e-wallet and preferably store them offline. The simplest and most straightforward solution is the RaiWallet. You can store and transfer your Nano without having to download the entire blockchain and in your full control of your private keys.
If you just would like to speculate on the price of Nano, instead of owning it, you could theoretically trade in cryptocurrency CFDs that are being offered by regulated and reliable forex brokers. It certainly has its benefits like the nice trading platform, the leverage and last, but not least the added security of regulation. However, no forex broker offers Nano CFDs currently.
How to Buy Nano or XRB Cryptocurrency Conclusion
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