Last update: Jun 6, 2022

How to Buy Nano (XNO)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Nano. Depending on your country, you’ll have a few cryptocurrency exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Nano

How to Buy Nano – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Nano of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger exchanges.

4. Buy Nano

Now that you have what you need to buy Nano, head over to the market or buy section of the cryptocurrency exchange and buy some XNO.

If the crypto exchange doesn’t have any Nano on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Nano first), and trade your Ethereum for Nano.

Where to Buy Nano (XNO)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Nano

  1. Sign into the exchange where you bought Nano.
  2. Move your Nano to the right place on the crypto exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Nano.

 

Crypto trading

How to Buy Nano (XNO) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Nano in Australia, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Nano if it’s available. If the exchange doesn’t have Nano. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Nano), and trade your ETH for Nano.

If you’d like to know more about which exchanges we like, check our comparison of the most secure crypto exchanges in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Nano (XNO) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Nano in Canada, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Nano if it’s available. If the exchange doesn’t have Nano. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Nano), and trade your ETH for Nano.

Alternatively, if you want to know more about which exchanges we prefer, read our list of the top exchanges to buy and sell cryptocurrency in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Nano (XNO) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Nano in the UK, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Nano if it’s available. If the exchange doesn’t have Nano. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Nano), and trade your ETH for Nano.

Also, take a look at our analysis of the top crypto exchanges in the UK If you’re curious to know more about the exchanges we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Nano? XNO Rundown

Nano is described as "digital currency for the modern age" and is lightweight cryptocurrency. It is designed to allow secure and almost instant payments without fees and overcomes some of the major shortcomings of legacy financial infrastructure.

The project was originally developed under the name RaiBlocks. In 2014, the coin (then called XRB) was launched through a public faucet. Users could claim small amounts of XRB by completing a captcha challenge. Anybody with a phone or computer could solve captchas and receive RaiBlocks. Over time, the number of XRB people who solved captchas varied.

In January 2018, RaiBlocks (XRB), was renamed to Nano. The new name better represents the simplicity and speed of the project's users.

It is a peer to peer platform that utilizes a unique block-lattice information structure to allow users transfer value easily to one another, without the need for centralized intermediaries.

Nano uses an Open Representative Voting system (ORV), which allows account holders to vote for the representative they choose. This confirms transactions securely.

Nano is extremely energy-efficient thanks to ORV, making it an environmentally-friendly alternative to proof of work (POW-based cryptocurrency).

Nano adopted a new symbol and ticker in November 2021 to make nano more accessible to the real world.

Nano is fast, as we have already mentioned. Nano transactions are so fast that they reach absolute finality in less than one second, compared to several minutes for major cryptocurrencies.

Nano is a fast payment option that allows merchants to accept payments at their convenience.

Nano transactions are also completely free of charge. Representatives do not receive any financial compensation for their efforts in securing the network. There is no transaction fee. Nano is a great solution for micro-transactions because users don't have to worry about paying a transaction fee.

Its unique architecture allows for these features. Nano is not built on top a distributed ledger, known as a Blockchain. Instead, it is built around a similar technology called a directed AcyclicGraph (DAG).

This structure is extremely reliable and can support 1,000 transactions per minute (tps) using the right hardware. It does not require an energy-intensive mining network to keep its integrity. Nano is an eco-friendly option for digital payments.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.