Last update: Jun 6, 2022

How to Buy New BitShares (NBS)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy New BitShares. Depending on where you’re based, you’ll have various trading platforms to choose from.

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

Let’s get started!

New bitshares

How to Buy New BitShares – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency trading platform 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 New BitShares 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 crypto exchanges.

4. Buy New BitShares

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

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

Where to Buy New BitShares (NBS)

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 New BitShares

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

 

Crypto trading

How to Buy New BitShares (NBS) 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 New BitShares 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 New BitShares if it’s available. If the exchange doesn’t have New BitShares. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has New BitShares), and trade your ETH for New BitShares.

Alternatively, if you want to know more about which exchanges we prefer, read our comparison of the best bitcoin brokers 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 New BitShares (NBS) 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 New BitShares in Canada, the process remains the same:

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

Alternatively, if you want to know more about the exchanges we recommend, look at our comparison 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 New BitShares (NBS) 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 New BitShares in the UK, the process remains the same:

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

Alternatively, if you want to learn more about the exchanges we like, check our comparison of the best places to buy bitcoin in the UK.

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 New BitShares? NBS Rundown

NBS (Open Source Software) is an OSS solution (open source) for DeFi (decentralized financial) business and DEX(decentralized exchange). It is based on DPOS consensus, implemented with DAO’s organizational management structure. Delegated Proof of Stake is a consensus algorithm that ensures the representation of transactions in a blockchain. DPoS is a technology-based democracy that uses voting and elections to protect the blockchain from malicious and centralization. NBS uses graphene technology, which is one of the best blockchain technologies available.

NBS is the native utility token that is used for:

  • Processing fees and storage charges
  • This is used to vote on governance and determine the allocation of network resources.
  • You can loan your NBS holdings to other people with adjustable reserve levels
  • NBS system Contributors get witness and worker rewards.

NBS tools include:

  • NBS SDKs, which include standard data structures and test tools
  • NNS Wallet allows application developers to create streamlined user experiences.
  • NBS Explorer is a tool that can be used to help with the debugging and understanding of network performance.
  • NBS Command Line Tools allow developers to deploy applications in local environments.

Related:

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.