How to buy NEBL COIN - Step by step guide

As Neblio is a cryptocurrency still in its infancy, obtaining Neblio requires more preparatory work compared to other more established crypto-coins. Therefore, it is more difficult to buy new cryptocurrencies like Neblio directly using traditional payment methods like a debit or credit card . However, if this is the Neblio cryptocurrency you want, our step-by-step guide will give you all the information you need.

A STEP-BY-STEP GUIDE TO BUYING NEBLIO

Although it is difficult to buy Neblio directly from fiat currencies such as euros or dollars , some trading platforms facilitate Neblio's trading using either bitcoin (BTC) or ethereum (ETH). In exchanges where there are no direct currency pairing options, you can always exchange cryptocurrency for cryptocurrency.

Step 1: Create an account with a stock exchange that lists NEBL

Create an account on a stock exchange / exchange platform, like Binance, which lists the NEBL coin. The vast majority of available cash is held at Binance. Liquidity is important because without it, it is very unlikely that your order will be filled.

The first step would be to visit the Binance website. To open an account, you will need to provide your email address and choose a strong password.

To complete the registration process, you will need to confirm the email address you provided. Once you've done this, a pop-up notification will ask you to configure two-factor authentication, which is highly recommended as it will provide an additional layer of security.

Step 2: Deposit funds into your account

As you may ever know, like any other crypto exchange, you can not deposit fiat currencies into your binance account,

Instead, you will have to use Bitcoins or Ethereum. There is also a Neblio pair available against BNB - the cryptocurrency issued by the Binance team - although BNB is less supported than BTC or ETH . So for the sake of simplicity in this example, we will opt for BTC or ETH. If at this point you don't have any of these cryptocurrencies, you can follow one of our guides below on how to buy them.

Now that you have BTC or ETH, click on "Funds" at the top of the menu, followed by "Deposits and withdrawals". You will find a long list of accepted cryptocurrencies, so it is best to search for the coin with which you are depositing and click "Deposit".

Then you will receive a unique wallet address to send your coins to. Copy this wallet address to your clipboard. Now you need to go to your BTC / ETH wallet and send the desired amount to the address of this Binance wallet. The funds should appear in your Binance account within a few minutes.

Step 3: Buy the NEBLs

Once your Binance wallet has funds, you are now ready to execute a NEBL transaction . At the top of the page, click on “Exchange” then on “Basic”.

On the right side of the market platform, you will see a drop-down list showing four different base currencies. These are BTC, ETH, BNB and USDT. Click on the currency with which you have funded your Binance account and search for "NEBL". Click on the corresponding search result, which will be NEBL / BTC or NEBL / ETH.

A negotiation window is now presented to you. Although you have the ability to manually set your own price, there is no guarantee that your order will be executed, especially when you consider the volatility of the cryptocurrency markets. Therefore, the simplest method is to select the "Market" option. This will therefore make you place an order at market price.

In the "Amount" box, enter the amount of NEBL you wish to purchase. You can also purchase an amount relative to your account balance. For example, if you want to trade 100% of your funded BTC / ETH, click 100%.

After verifying that the information you have entered is correct, click the "Buy" button, which should execute the transaction immediately. To ensure the success of your exchange, return to the "Deposits and withdrawals" section of your account and search for "NEBL" . You should now be able to see the cryptocurrencies you have just purchased.

WHAT WALLETS CAN I USE TO HOLD NEBLIO?

The Neblio token is not compatible with ERC20, which means that the choice of users is limited . A personalized wallet is available on the official Neblio website , available on Windows, macOS, Linux and GitHub. For mobile use, a Neblio wallet is also available on Android, and iOS is under development. Alternatively, the popular multi-currency wallet that supports Neblio is Electrum.

HOW THE NEBLIO WORKS

Founded in 2017, Neblio offers blockchain solutions to the business and commerce world. While bitcoin and Ethereum blockchains are often referred to as first and second generation legacy networks, the team behind Neblio says their innovative developers have created the "next generation" in blockchain technology .

The Neblio team attaches great importance to finding simple solutions for companies wishing to integrate blockchain technology into their data and information management systems. This would likely include securing medical records, regulatory compliance and auditing capabilities. To allow the blockchain evidence-of-stake consensus to operate safely, NEBL tokens are used to verify and validate transactions.

As the NEBL tokens were created to support the Neblio network, their current use outside the platform is limited. Those who hold NEBL can of course exchange them for BTC or ETH, or else hope that their value increases over time.

WHAT SHOULD YOU TAKE INTO ACCOUNT WHEN BUYING NEBLIO?

If you are interested in buying Neblio, you should keep in mind the risks associated with cryptocurrency trading as well as the unpredictability of the market.

Some key considerations also include:

As a newcomer to cryptocurrency with a relatively small development team, it is difficult to assess the success of the Neblio project.

While there is a large-scale marketing campaign for Neblio planned for the second quarter of 2018 that aims to generate mass market awareness, it remains to be seen if Neblio has the experience to push the Blockchain ideology in business to the next generation.

It is important to remember that the value of NEBL will be directly correlated to the success or failure of its ability to reach its 2019 goal : adoption of Neblio in the world of industry.