Numeraire is a decentralized finance protocol that offers money-making opportunities to its members by algorithmically trading equities. The system uses Artificial Intelligence that compounds stock market predictions of its users and excludes emotions from trading strategies.

It is built on the Ethereum blockchain and has its own native cryptocurrency known as NMR. This guide will show you how to buy Numeraire tokens fast and in a secure way. That way, you can buy any amount you desire whenever you so wish. 

How to Buy Numeraire – Quickfire Walkthrough to Buy Numeraire In Less Than 10 Minutes 

If you intend to buy Defi coins like Numeraire seamlessly, Pancakeswap is the most compatible decentralized exchange or DEX for this purpose. 

You can learn how to buy Numeraire tokens in less than ten minutes by following the guide below. 

  • Step 1: Get Trust Wallet: This wallet is an excellent app that facilitates decentralized exchanges, particularly through Pancakeswap. You can download the wallet on your Android or iOS device. 
  • Step 2: Search for Numeraire: Once you have installed and set up your wallet, look for the bar at the right corner of the upper part of your screen and type in Numeraire. 
  • Step 3: Add Cryptocurrency Assets to Your Wallet: If you have just installed your Trust Wallet, you will likely not have cryptocurrency coins in it. You can fund your wallet by buying cryptocurrency directly with your credit/debit card or simply transferring from an external source. 
  • Step 4: Connect to Pancakeswap: The next step is to connect your Trust Wallet to Pancakeswap. Select ‘DApps’ at the bottom of your screen, choose Pancakeswap from the options available, and click ‘Connect.’
  • Step 5: Buy Numeraire: You can now buy your NRM coins. Click the ‘Exchange’ button, which displays a ‘From’ tab, and choose the coin you want to trade in for Numeraire. Next, look out for the ‘To’ tab at the other part of your screen, and choose Numeraire and the quantity you want from the exchange. Finally, hit ‘Swap’ to confirm the transaction. 

Your Numeraire tokens will reflect in the Trust Wallet within seconds. You can also use Pancakeswap to sell the tokens you have just purchased. 

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile. 

How to Buy Numeraire – Full Step-By-Step Walkthrough 

The process of how to buy Numeraire explained above is precise, and you can complete it in ten minutes. However, if you are new to cryptocurrency trading, or have never used a decentralized exchange to purchase digital tokens before, then you may need more than our quickfire walkthrough. 

As such, the guide below provides a more thorough explanation on how to buy Numeraire tokens seamlessly. 

Step 1: Download Trust Wallet 

Pancakeswap is an excellent decentralized exchange for purchasing Numeraire tokens, and you will need a suitable wallet to use it. Trust Wallet works with Pancakeswap, is supported by Binance, and has an easy user interface, all of which make it perfect for investing in Numeraire via the DEX. 

It is available for both Android and iOS devices, and you can download it for free. Set up your account and choose a strong password. Additionally, Trust presents each new user with a 12-word seed phrase that you can use to access your wallet if you misplace your mobile device or forget your password.

It will be best to write this down and keep it safe from third parties.

Step 2: Add Cryptocurrency Tokens to Your Wallet 

Since you have just downloaded and installed your Trust Wallet, it will likely be empty and needs to be funded before you can make transactions. There are typically two ways to deposit cryptocurrency in your Trust Wallet, and you may opt for the one that best suits you. 

Send Cryptocurrency Tokens From an External Wallet 

This option is available only if you already have some cryptocurrency coins in another wallet, and you can simply transfer some to your Trust Wallet by following these steps:

  • Locate ‘Receive’ in your Trust Wallet and choose the cryptocurrency you want to transfer from your other wallet. 
  • Copy the address Trust Wallet displays on your screen. 
  • Next, open your external cryptocurrency wallet and locate the ‘Send’ section. 
  • Paste the wallet address you copied earlier in the bar, and choose the cryptocurrency tokens you want to transfer alongside the quantity. 
  • Finally, complete the transaction and expect your newly transferred tokens to reflect in your Trust Wallet shortly. 

Buy Cryptocurrency Directly With Your Credit or Debit Card 

Alternatively, you may choose to buy cryptocurrency with your credit or debit card. It is a pretty straightforward process, but you must complete the required Know Your Customer (KYC) process first. You simply have to fill in some essential personal details and provide a government-issued identification card. 

Now, you can buy cryptocurrency directly with your credit/debit card. 

  • Locate ‘Buy’ at the top part of your Trust Wallet. The wallet will present you with all the cryptocurrency tokens available. 
  • You can choose any one of them for the trade, but we recommend selecting a popular cryptocurrency token like BNB or Ethereum. 
  • Then choose the quantity you want, type in your card details, and complete the transaction. 

Your cryptocurrency tokens will reflect in your Trust Wallet shortly. 

Step 3: How to Buy Numeraire Through Pancakeswap 

You can now buy your Numeraire tokens. However, you have to connect your Trust Wallet to Pancakeswap first, and you can refer to the fourth step in the quickfire walkthrough on how to do this. 

After connecting successfully, you may now buy your Numeraire tokens by following the guide below. 

  • Locate ‘Dex’ on the Pancakeswap and click the ‘Swap’ icon. 
  • It will display a ‘You Pay’ icon immediately, and it is here that you will choose the cryptocurrency tokens you want to use for the exchange. 
  • Note that they will have to be the coins you transferred or purchased earlier. 
  • Then, find the ‘You Get’ tab, choose Numeraire, and the quantity you want. 
  • Finally, complete the transaction and expect your tokens to reflect in the Trust Wallet momentarily. 

Step 4: How to Sell Numeraire

Now that you have learned how to buy Numeraire, you may eventually be looking to sell the tokens. The process of selling your Numeraire tokens is just as straightforward as buying them, and you will soon come to realize that. 

There are two major ways you can sell your Numeraire tokens, and your trading goal will influence the method you opt for. 

  • You can choose to swap the Numeraire tokens for another cryptocurrency. The process is similar to step 3 above, but you will have to make a few changes. Here, use Numeraire tokens as your base cryptocurrency and choose the new tokens you want in the ‘You Get’ section. 
  • Alternatively, you can sell your Numeraire tokens for fiat money. However, you will have to go through a centralized exchange. Binance backs Trust Wallet; hence, you can easily transfer your Numeraire coins to it and sell them there. It is, however, essential that you complete the KYC process before you can sell your coins to fiat currency. 

Where Can You Buy Numeraire Online?

There are over 5 million Numeraire tokens in circulation, which means that finding a platform to buy some will never be a problem for you. However, if you are looking to purchase Numeraire tokens seamlessly, Pancakeswap is the best platform to go through; and for several reasons, some of which we will explain below. 

Pancakeswap – Buy Numeraire Through a Decentralized Exchange

Pancakeswap is a decentralized exchange designed to facilitate trades in the absence of intermediaries, making it a perfect platform for buying and selling Defi tokens like Numeraire. Many other attributes make the DEX relevant to cryptocurrency traders, which explains why it is one of today’s top exchanges in the market. 

Pancakeswap offers you many money-making opportunities. For instance, there are numerous farming and staking options on the platform. You can stake your unused coins to earn rewards or interest, as the case may be. Naturally, the higher the liquidity you provide, the more your potential rewards and returns. 

With Pancakeswap, if you enjoy prediction and lottery games, you have a medium to participate in them. Essentially, Pancakeswap provides a way for you to win some extra cryptocurrency tokens or cash without necessarily having to engage in transactions. If you also intend to sell your Numeraire tokens on-demand, you can do that easily on the platform. 

To top off the icing on the cake, you won’t experience slow delivery or response times on your trades. The DEX executes trades in a timely manner irrespective of the amount of traffic on the platform You will also be paying meager fees on each transaction. Lastly, Pancakeswap makes it possible to diversify your portfolio as it provides access to over 500 cryptocurrency tokens.

Pros:

  • Exchange digital currencies in a decentralized manner
  • No requirement to use a third party when buying and selling cryptocurrency
  • Supports a sizable number of digital tokens
  • Allows you to earn interest on your idle digital assets
  • Sufficient levels of liquidity – even on smaller tokens
  • Prediction and lottery games


Cons:

  • Might appear daunting at first glance for newbies
  • Does not support fiat payments directly

Ways to Buy Numeraire Tokens

It is relatively easy to buy Numeraire tokens, as you must have come to realize. Essentially, you have two options to choose from, and you may go for the one that is most suitable for you. 

Buy Numeraire With Cryptocurrency 

If you have some digital currencies in another wallet, you can simply transfer the desired cryptocurrency and quantity to your Trust Wallet. Next, connect your Trust Wallet to Pancakeswap and exchange the tokens you transferred for Numeraire coins. This should take you no more than a few minutes from start to finish. 

Buy Numeraire Directly With Your Credit/Debit Card 

On the other hand, if you do not own cryptocurrency assets elsewhere, you can choose to buy some with your credit/debit card. Trust Wallet makes the process easier and additionally lets you connect to a great DEX like Pancakeswap. 

You have to complete Trust Wallet’s KYC process first, then input your card details to buy the base cryptocurrency for the trade. Next, connect to Pancakeswap and swap the cryptocurrency tokens for Numeraire coins. 

Should I Buy Numeraire Tokens? 

Deciding whether or not to buy a digital asset is a dilemma that many crypto investors face, albeit, it is you that is in the best position to answer the question at hand. In other words, it is best to understand the essence of the token you are looking to buy - in this case, that's Numeraire.

Below, we have some features of Numeraire that may contribute meaningfully to your fact-finding about the token. 

Growth Trajectory 

As of the time of writing in early August 2021, one Numeraire token is valued at just over $39.23. It hit its all-time low on 26 November 2019, with a price of $1.93. Numeraire has an impressive all-time high of $99.79 which it attained on 25 June 2017. 

If you had invested in the project when it was at its lowest price, you would have witnessed a 1,900% increase at the all-time high. Since the coin still has a relatively low price at the time of writing, this may be a pointer to get some. However, your ultimate buying decision should be premised on adequate research.

Established Since 2016

Numeraire is an established cryptocurrency project that is built on the Ethereum blockchain.

  • It was designed in 2016 to provide a source of income to data and financial analysts.
  • Additionally, if you wish to stake some NMR tokens on your stock market predictions, you stand a chance to gain rewards if they are accurate. 
  • Alternatively, if they are wrong, then your tokens will be burned by the protocol.
  • The Numeraire protocol utilizes AI and cutting-edge algorithms to predict stock market prices.

The protocol uses a smart contract known as the Erasure Protocol to reward users with accurate predictions and burn the tokens of those without. 

Tournaments 

The Numeraire software also organizes weekly tournaments for cryptocurrency holders interested in betting on stock market predictions. NMR holders submit their stock market trading wagers, and if you hold some Numeraire tokens and are interested in participating, you can. 

You will simply have to bet on the most likely outcome, and if you wager accurately, you receive rewards. However, the protocol will burn your tokens if you place the wrong bet. 

Numeraire Price Prediction 

As a cryptocurrency investor, it is best to avoid basing your purchasing decisions solely on price predictions. Cryptocurrency is a volatile asset; it can be readily influenced by several factors which may cause the price to skyrocket or plummet in minutes. 

It is influenced mainly by market speculations and sometimes, the fear of missing out or FOMO. As such, when you decide to buy, it should be because of sufficient research and not entirely price predictions. Ultimately, Numeraire price predictions are rarely accurate and can accrue losses for you if you depend on them. 

Risks of Buying Numeraire 

As noted above, the major risk of buying Numeraire is that the price can skyrocket or plummet at a whim. If you buy some tokens right before the value drops, you will have to wait for them to attain or surpass the price you purchased them.

  • On the other hand, it may never hit that price again, which makes investing in Numeraire quite risky. 
  • However, you can mitigate your risks by incorporating certain practices. For one, if you engage in sufficient research before you purchase your Numeraire tokens, you will know what to expect and whether or not it makes a great buy.
  • You may also incorporate buying a diverse range of coins. That way, even if the price of Numeraire is plummeting, you won't have to panic too much because you have not invested all your capital in that token. 

Lastly, you may also consider buying your Numeraire tokens in small but regular amounts. Here, you can enter the market at intervals where it appears to be favorable. 

Best Numeraire Wallet

Secure storage, among other things, is pretty crucial in the cryptocurrency investment space. Whether you hold large or small amounts of Numeraire tokens, you need a compatible wallet to store them. 

We have provided below three of the best Numeraire wallets for 2021. 

Trust Wallet - Overall Best Wallet for Numeraire Tokens 

This wallet is the most suitable wallet for storing large or small Numeraire tokens for many reasons. For one, it is pretty secure. It is also supported by Binance, one of the largest trading platforms in the world. 

The wallet is also user-friendly; you will find it simple to operate even if you are new to cryptocurrency trading. It is pretty easy to access, as you can download it on your iOS or Android devices for free. 

Trezor Wallet - Best Numeraire Wallet for Security 

Trezor Wallet is a hardware wallet that protects your Numeraire tokens by storing them offline. It has excellent security and backup measures that ensure your Numeraire tokens are safe and can be retrieved if you lose your account.

The wallet provides you with a unique passphrase for these features. You can also store at least a thousand tokens on the Trezor Wallet. 

Coinomi Wallet - Best Numeraire Wallet for Convenience 

Coinomi is a secure wallet that was launched in 2014. It is built with a simple user interface that allows you to use the wallet easily as a new Numeraire holder.

In addition, Coinomi has over 160 different fiat currencies, supports diverse Defi coins, and allows you to purchase Numeraire easily. You can also connect it to your mobile device or desktop system, which means you can access it just about anywhere. 

How to Buy Numeraire - Bottom Line 

After reading through this guide in full, we are confident you have realized that how to buy Numeraire is a straightforward process. Furthermore, you can simply resort to a decentralized exchange like Pancakeswap to make the process a walk in the park.

In doing so - you can buy Numeraire in a matter of minutes without needing to go through a centralized third party. Just make sure you download the Trust Wallet too - as this will allow you to connect to the Pancakeswap DEX!

Buy Numeraire Now via Pancakeswap

 

 

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.

FAQs

How much is Numeraire?

As at the time of writing in early August 2021, one Numeraire token is worth just over $39.

Is Numeraire a good buy?

The decision of whether Numeraire is a good buy or not is entirely yours to make. However, there are pointers to guide you through. You can consider the project’s growth trajectory, team, among others. Essentially, your personal research should form the basis of answering that question.

What is the minimum Numeraire tokens you can buy?

There is no minimum number of Numeraire tokens you can buy - as the digital asset can be fractionated into tiny units. However, the minimum investment amount can be determined by your chosen broker or exchange.

What is the Numeraire all-time high?

Numeraire has an all-time high of $99.79 which it attained on 25 June 2017.

How do you buy Numeraire tokens using a debit card?

You can buy Numeraire with a debit card, but you will need to go through a wallet. Trust Wallet is the most suitable one, and it lets you buy cryptocurrency coins directly. First, complete the required KYC process, input your card details where necessary, and purchase the base cryptocurrency for the exchange. Next, connect your Trust Wallet to Pancakeswap and exchange the tokens you bought for Numeraire coins.

How many Numeraire tokens are there?

Numeraire has a maximum supply of 11 million tokens. There are over 5 million tokens in circulation as of mid-2021.

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