How to Buy Newyorkcoin (NYC) in 2021: A Simple Guide

Newyorkcoin NYCIn this guide you’ll get information about where to buy Newyorkcoin, if you are planning to buy NYC – You’re in the right place!

Newyorkcoin is designed as a platform for peer to peer cryptocurrency – with blockchain technology as its main core. The idea is to create a faster platform where money transfer can be done in a split second.

Every financial transaction should be done in very efficient and effective way so there won’t be any resource to waste. Mining would be made effective without any single resource to waste. You will be able to make use of the coin for whatever needs or purposes you want.

Newyorkcoin (NYC) Features

  • Free remittance. When you transfer money, there is a small fee that will be charged to your transaction. But with this platform, it will be completely free. Not to mention that you can use whatever types of wallets – and from different operating systems too. It gives you a greater versatility and flexibility.
  • Fast transactions. When compared to Bitcoin, Newyorkcoin offers faster confirmed transactions – up to 20 times faster. And it is even faster than Litecoin (try 5 times). Not to mention that they are cheaper – and also free
  • Decentralized system. Decentralized method ensures that there is no one with ultimate power holding every control. There is no prying eyes or hierarchical power structure over your coin – YOUR money.
  • Community focus. The platform comes with a growing community. The coin developer is active and stable. The community is set on the worldwide setting. Merchant acceptance is designed to be fast, simple, easy, and – guess what? Free!

Where to Buy, Sell and Trade Newyorkcoin aka NYC

You can basically use debit card, credit card, or even PayPal to buy the Newyorkcoin (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Newyorkcoin as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to Newyorkcoin. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

In general, the process would be:

  1. You go to the online exchange and buy the Ethereum or Bitcoin
  2. Find a crypto exchange that supports Newyorkcoin currency and exchange your Ethereum or Bitcoin with the Newyorkcoin
  3. Store your Newyorkcoin to a secured wallet

Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

coinbaseClick here to register (opens in new tab)

  • You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
  • Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
  • You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.

That’s the first step in buying Newyorkcoin, once you get your Bitcoin or Ethereum, you can continue to the next step.

Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments

After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.

With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.

These are the best exchanges we can recommend for you to exchange BTC or ETH with Newyorkcoin:

BINANCE
binanceBinance is  the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now.

  • Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
  • Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
  • Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
  • Trading Pairs: 1189+
KRAKEN
kraken

Kraken is a crypto exchange from United States and was founded in 2011. Currency exchange that Kraken operates provides trading on a crypto-to-fiat-money system. At the time of writing, Kraken is available for 48 regions in US and can be accessed for 176 countries. Kraken has listed 56 types of cryptocurrencies to trade on. According to CoinMarketCap, Kraken is ranked 3rd globally.

  • Deposit Methods: FIAT currencies, Cryptocurrency, Cash (CAD only), Debit Card (CAD only)
  • Fiat Currencies: USD, EUR, CAD, GBP, CHF, JPY and AUD
  • Supported Cryptocurrencies: BTC, ETH, ADA, DOT, DASH, ETC, KSM, NANO, XRP, USDT & 52+ more
  • Trading Pairs: 284+
GATE.io
gate.ioGate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.

  • Deposit Methods: Cryptocurrency Only
  • Fiat Currencies: N/A
  • Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 565+ more
  • Trading Pairs: 1118+

IMPORTANT! Once you are registered to any of the above, find the BTC/NYC or ETH/NYC trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.

Step 3: Managing Your Crypto Assets in a Secure Wallet

As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.

You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.

There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.

For Securing your Newyorkcoin (NYC) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

LEDGER NANO-X

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

TREZOR MODEL-T

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

Frequently Asked Questions (Faqs)

Can I Buy Newyorkcoin (NYC) with PayPal?

You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Newyorkcoin. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy Newyorkcoin (NYC) with Cash?

You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:

  • Make sure you have a BTC / ETH wallet before you buy from seller
  • Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.

Can I Buy Newyorkcoin (NYC) with Skrill?

You can’t buy NYC directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Newyorkcoin. You can buy BTC/ETH with skrill by using these exchanges::

Can I Buy Newyorkcoin (NYC) with Bitcoin?

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/NYC and begin the transactions.

Can I Buy Newyorkcoin (NYC) with Ethereum?

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/NYC trading pair.

What Is the Best Payment Method to Buy Newyorkcoin (NYC)?

The cheapest way is to use bank account to buy Bitcoins first or to buy the Newyorkcoin right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect Newyorkcoin (NYC)?

Once you have purchased the Newyorkcoin, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

ledger nano x

Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

How to Sell Newyorkcoin (NYC)?

Find a crypto exchange which allow pairing NYC with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

Can I Mine Newyorkcoin (NYC) and Not Buying It?

Yes, you can.

Conclusion

Not only this platform offers efficient and effective money transfer system, but it also promises handsome reward and potential investment outcome. If you want to reap the future benefits, especially for your financial gain, you should start now. There is no time to waste. You need to know how to buy Newyorkcoin in order to gain access to the platform.

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