Last update: Jun 6, 2022

How to Buy Numeraire (NMR)

So you’re looking for a guide on how to buy Numeraire. Depending on where you’re based, you’ll have different crypto exchanges 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!

How to Buy Numeraire – 4 Easy Steps

1. Choose a crypto exchange

Finding a 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 Numeraire 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 Numeraire

Now that you have what you need to buy Numeraire, head over to the market or buy section of the crypto exchange and buy some NMR.

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

Where to Buy Numeraire (NMR)

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

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 Numeraire

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

 

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

Also, take a look at our analysis of the most popular crypto exchanges in Australia for those interested in learning more about which ones we prefer.

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

It’s also possible to take a look at our analysis of the cryptocurrency trading platforms in Canada for those curious to know more about which ones we would recommend.

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

Or, if you’d like to learn more about the exchanges we prefer, read our comparison of the crypto brokers in the UK.

Considering buying Numeraire? NMR Rundown

Numerai, an Ethereum -based platform that allows developers and data scientists experiment with machine learning models and improve their reliability, is called Ethereum . This platform aims to decentralize the data science field and to allow developers to create machine learning prediction models that are more accurate.

Numerai, a San Francisco-based hedge fund founded in 2015, claims it was the first to launch a cryptocurrency on NASDAQ. Numerai, unlike traditional hedge funds, relies on data and predictions from tournament participants to make decisions about how to participate in the stock exchange. They claim to have been the first hedge fund that uses machine learning in its investment strategy.

The idea behind the creation of Numerai token and Numeraire token is unique. This cryptocurrency is believed to be the first one to be released by a hedge-fund. The NMR token has a number of benefits. It is given to data scientists whose models are successful in the Numerai tournament. The token is more valuable the more people participate in the tournament.

Numerai can also actively trade stock market stocks based on models developed for the tournament. Numerai is one of few hedge funds that heavily relies on AI-generated data predictions for stock trading.

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