Buy NXM Now<\/span><\/a><\/div>\nAlways consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.\u00a0<\/i><\/p>\nHow to Buy Nexus Mutual – Full Step-By-Step Walkthrough\u00a0<\/b><\/span><\/h2>\nThe quickfire guide will appear sufficient for someone who\u2019s already familiar with swapping cryptocurrencies. However, if you\u2019re new to this, you will need a more in-depth guide. Therefore, below is a comprehensive guide on how to buy Nexus Mutual.\u00a0\u00a0<\/span><\/p>\nStep 1: Download Trust Wallet<\/b><\/span><\/h3>\nPancakeswap is a decentralized app, or ‘DApp’ used to buy Nexus Mutual. However, like every other DApp, you need a crypto wallet to operate it. This is where Trust Wallet comes in.\u00a0<\/span><\/p>\n<\/p>\n
Trust Wallet is one of the most suitable wallets for decentralized exchanges. Although there are numerous options, Trust Wallet stands out owing to its credibility, as evidenced in the support it has from Binance. Additionally, the wallet is easy to use, making it suitable for beginners and pros.\u00a0<\/span><\/p>\nTrust Wallet is available on both Android and iOS. After installing the app, set up your login details accordingly and choose a strong PIN.\u00a0<\/span><\/p>\nYou will also be given a 12-word passphrase that you can use to retrieve your account if you forget your pin or lose your phone. Be sure to keep it safe.<\/span><\/p>\nStep 2: Deposit Crypto Assets in Your Wallet<\/b><\/span><\/h3>\nBefore you can make any transaction on your Trust Wallet, you have to fund it. There are two ways to go about this.\u00a0<\/span><\/p>\nTransfer Crypto From an External Wallet\u00a0<\/b><\/span><\/h4>\nYou can transfer crypto from an external source, but this is only possible if you have a wallet that is already funded. If that\u2019s the case, the transfer process is straightforward:\u00a0<\/span><\/p>\n\n- Locate the ‘Receive’ bar in your Trust Wallet. There are many cryptocurrency options available. Choose the one you want to transfer.\u00a0<\/span><\/li>\n
- A wallet address will be displayed on the screen.\u00a0<\/span><\/li>\n
- Copy the address. Note that copying it directly is better than typing because it contains a series of letters and numbers that can easily get mixed up.\u00a0<\/span><\/li>\n
- Open the source wallet of the digital assets and paste the address you copied. Next, indicate the amount you intend to transfer and complete the transaction.<\/span><\/li>\n<\/ul>\n
The cryptocurrency you have transferred will reflect in your Trust Wallet within a few minutes.\u00a0<\/span><\/p>\nBuy Crypto With Your Credit\/Debit Card<\/b><\/span><\/h4>\nYour other option is to buy crypto with a credit\/debit card. It\u2019s the go-to option if you don\u2019t have cryptocurrency in another wallet.\u00a0<\/span><\/p>\nOne of the perks of using Trust Wallet is that it allows you to buy digital assets using your credit\/debit card. Here are the steps to follow:\u00a0<\/span><\/p>\n\n- At the top part of your Trust Wallet, you\u2019ll locate the \u201cBuy\u201d option. Click on it.\u00a0<\/span><\/li>\n
- Trust Wallet provides you with a list of cryptocurrencies you can buy with your card.\u00a0<\/span><\/li>\n
- Although you have a wide list, select BNB or any other established coin.\u00a0<\/span><\/li>\n
- Going forward, you will need to verify your identity because you are buying crypto with fiat money. You\u2019ll need to verify your identity through the Know Your Customer (KYC) process.\u00a0<\/span><\/li>\n
- You have to provide a government-issued identification card like a passport or driver’s license.\u00a0<\/span><\/li>\n<\/ul>\n
Following the completion of the transaction, the coin will reflect in your wallet.\u00a0<\/span><\/p>\nStep 3: How to Buy Nexus Mutual Through Pancakeswap<\/b><\/span><\/h3>\nNow that you have successfully deposited cryptocurrency in your wallet, you can proceed to buy Nexus Mutual from Pancakeswap. You will have to connect your Trust Wallet to Pancakeswap if you haven\u2019t already. Once you do, you can then swap your cryptocurrency for the equivalent of the Nexus Mutual you intend to buy.\u00a0<\/span><\/p>\n\n- <\/span><\/li>\n<\/ul>\n
Here are the steps to follow:<\/span><\/p>\n\n- On the Pancakeswap page, locate \u2018DEX\u2019 and hit the \u2018Swap\u2019 option.\u00a0<\/span><\/li>\n
- You will find the ‘You Pay’ icon, which is where you will select the token to use for the exchange.\u00a0\u00a0<\/span><\/li>\n
- Input the amount you want. Note that the cryptocurrency to use is the one you bought in step 2.<\/span><\/li>\n
- Look out for the \u2018You Get\u2019 icon and choose Nexus Mutual.\u00a0<\/span><\/li>\n
- Trust Wallet will notify you of the amount of NXM tokens equivalent to what you have selected.<\/span><\/li>\n
- Confirm the transaction by clicking ‘Swap.’\u00a0<\/span>
\n<\/span><\/li>\n<\/ul>\nStep 4: Sell Nexus Mutual<\/b><\/span><\/h2>\nKnowing how to buy your Nexus Mutual is just as important as understanding how to sell the digital asset. There are two major ways you can do this:\u00a0<\/span><\/p>\n\n- You can decide to swap your Nexus Mutual for another cryptocurrency using Pancakeswap. All you will need here is to follow the Nexus Mutual buying process above but in reverse. This means you will have to choose NXM in the ‘You Pay’ section.\u00a0<\/span><\/li>\n
- Alternatively, you can sell your Nexus Mutual for fiat money. For this, you\u2019ll need a third-party exchange.\u00a0<\/span><\/li>\n<\/ul>\n
Noteworthy, when you sell into fiat, you\u2019ll need to complete a KYC process.\u00a0<\/span><\/p>\nWhere to Buy Nexus Mutual Online?<\/b><\/span><\/h2>\nNexus Mutual has been one of the leading decentralized insurance protocols since it was established in May 2019. It has a market cap of over $521 million – as of mid-2021. Buying this coin involves a pretty straightforward set of steps. But due to its popularity in the market, there are several exchanges for you to buy the asset.<\/span><\/p>\nHowever, the most suitable platform for buying your Nexus Mutual tokens is Pancakeswap. There are numerous reasons for this, and we’ll inform you of a few of them in the section below.\u00a0<\/span><\/p>\nPancakeswap – Buy NXM Using a Decentralized Exchange<\/span><\/b><\/span><\/h3>\nThe main reason DeFi exists is to remove the need for an intermediary in the cryptocurrency market. Therefore, it is suitable to use a DEX like Pancakeswap because it blends seamlessly. Additionally, Pancakeswap has great security to ensure the safety of your assets. This is in addition to the simple user interface, making it suitable for beginners.\u00a0<\/span><\/p>\nFurthermore, Pancakeswap offers you access to a wide range of DeFi coin. Whether you\u2019re looking to buy Nexus Mutual or any other digital token, the exchange remains the right place. This is coupled with the fact that the exchange is suitable for private trading. As such, you can continue to buy and sell without compromising your anonymity.\u00a0<\/span><\/p>\n<\/p>\n
Pancakeswap also allows you to earn money off your idle coins. For every coin you hold, it contributes to the platform\u2019s liquidity pool, making you eligible for rewards. Additionally, you can also stake to get more returns on your digital assets. Yet, this doesn\u2019t affect the extra money you can make by leveraging farming and other available options.\u00a0<\/span><\/p>\nOne other thing you don’t have to contend with when you use Pancakeswap is high transaction fees. Transactions on this exchange come at a low cost and yet a fast speed. To get started, you will need to obtain a suitable wallet like Trust Wallet. Following that, you can either have cryptocurrency transferred into the wallet or buy through a debit\/credit card.\u00a0<\/span><\/p>\nPros:<\/b>
\n\n
\n- <\/i> Exchange digital currencies in a decentralized manner<\/li>\n
- <\/i> No requirement to use a third party when buying and selling cryptocurrency<\/li>\n
- <\/i> Supports a sizable number of digital tokens<\/li>\n
- <\/i> Allows you to earn interest on your idle digital assets<\/li>\n
- <\/i> Sufficient levels of liquidity – even on smaller tokens<\/li>\n