Complete Beginner Guide:
Exchange Nano to Bitcoin or Other Currency
Before: Get Started with Crypto: Nano (XNO)
Ready to dive deeper into the world of cryptocurrency? We'll show you how to convert your Nano to Bitcoin or any other currency using a cryptocurrency exchange. Get started in just a few simple steps!
Step 1: Sign Up for an Exchange
First, you'll need to sign up for an exchange that supports Nano trading.
In this guide, we'll be using KuCoin as an example. All you need to get started is your email address. KuCoin is one of the most popular exchanges in the world and allows trading of Nano with a wide range of other cryptocurrencies.
Step 2: Deposit Nano to the Exchange
Once you've signed up and logged into the exchange, you'll need to deposit your Nano from your wallet to your exchange account. Here's how:
- On your exchange page, find and click "Deposit".
- Choose "Deposit Crypto". Note this process may look slightly different depending on the exchange you're using.
- Click the toggle-down menu on "Select Coin".
- Search for "Nano" or "XNO". The icon should look like the one shown below.
- On a "Select a Network", choose the "NANO" network.
- Copy the Nano address shown. A correct Nano address should start with "nano_".
- Now, go to your Nano wallet that you want to deposit Nano from. We'll use SendNano wallet as an example. On your wallet, click "Withdraw", paste the address you just copied from the exchange, and enter the amount you want to deposit.
- Click "Confirm" and you are done! Note that it may take a few minutes for the deposit to be processed and appear in your KuCoin account. Also, there's a minimum deposit limit of 0.01 XNO.
Step 3: Trade Nano for Other Currencies
Once you have deposited your Nano into your KuCoin account, you can proceed to trade it for another currency. KuCoin offers various trading options such as Spot and P2P trading, which cater to different users and preferences.
Below is the example of simple conversion from Nano to Bitcoin:
- In your exchange's wallet menu, find and click "Trade". Choose the pairs you want to trade (KuCoin offers XNO/BTC and XNO/USDT).
- If you wish to convert Nano to USDT or BTC, you would want to "Sell" Nano. Enter the amount and complete the trade order.
Congratulations! You've successfully exchanged Nano for another currency
You can now use your cryptocurrency to trade, invest, or spend as you see fit. Remember to always store your cryptocurrencies securely and responsibly!