Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Numeraire, and is trustworthy!
You can find our top 3 exchanges for buying Numeraire here, alternatively you can also check our comparison of the best crypto exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Numeraire
And of course, the final step is to find Numeraire on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Numeraire (NMR)
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How to Sell Numeraire
- Sign into the exchange
- Find where you stored your Numeraire, either on a hardware wallet or on the exchange.
- Transfer your Numeraire to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Numeraire.
Considerations when looking to buy Numeraire.
Numerai, an Ethereum-based platform that allows data scientists and developers to create machine learning models and experiment with them, is a platform for data scientists and developers. The platform's primary goal is 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.