Investing in cryptocurrency is not as complicated as it seems
Most guides simply give part of the answer and leave you hanging.
Since 2017, I have been investing and helping others to invest/trade in cryptocurrency.
In this guide, I will walk you through the process step-by-step (NO STONE UNTURNED!)
How to Buy Nakamoto Games (NAKA)?
Want to jump straight to the answer? Here’s my 3-Step process:
- STEP 1: Choose a Fiat-to-crypto exchange
Sign up for an exchange that offers fiat-to-crypto purchases. We recommend MEXC Global for both US and Non-US residents. MEXC Global supports Naka.
Alternatives: BitMart and Kucoin (Non-US only). Both support Naka.
- STEP 2: Buy a Crypto Paired with Naka Crypto
Nakamoto Games (NAKA) is paired with Tether (USDT), NSFW, and WMATIC. We recommend buying USDT. We don’t recommend the pairs NAKA/NSFW and WMATIC/NAKA as they don’t have enough liquidity.
- STEP 3: Buy Naka Crypto in a supporting Exchange
We recommend MEXC Global, but BitMart and Kucoin (Non-US only) are also viable options.
- STEP 4 (Bonus): Keep your Naka coin safe
This step is often overlooked. “Not your keys, Not your coins.” Keeping your coins in an exchange is never wise (see the recent FTX collapse). The best hardware wallet for Naka is SafePal. Alternative options are Ledger NX and Trezor T.
NOTE: If you want a DETAILED description of the process. Keep on reading!
Where to Buy Naka Crypto?
We recommend the following crypto exchanges:
Best US CEX
MEXC Global
Payment Methods:
Credit/Debit Card, Bank Transfer (SEPA & SWIFT), P2P, ACH, Wire.
Fees:
Flat 0.20%
Account Minimum:
~$1 minimum
Best NON-US CEX
KUCOIN
Payment Methods:
Credit/Debit Card, Bank Transfer (SEPA), P2P (Revolut, Wise, etc)
Fees:
Flat 0.10%
Account Minimum:
~$0 minimum
Alternative CEX
BitMart
Payment Methods:
Credit/Debit Card, Bank Transfer (SEPA & SWIFT), apple Pay.
Fees:
0.06%-0.25%
Account Minimum:
~$30 minimum
Nakamoto Games secured ~$5.8M from the seed phase and its IDO. We feel Nakamoto Games (NAKA) is a long-term crypto gem. Polygon has awarded them a grant for their unique approach to addressing the problems of the play-to-earn industry.
This is a quick explanation of how to buy Naka crypto. If you want a DETAILED, step-by-step guide, here’s what we’ll cover:
1. Buy Naka Crypto in 3 DETAILED Steps
In this section, you will know EXACTLY (Step-by-Step) how and where to buy Naka crypto.
I will also show you how to keep your Naka crypto SAFE from human error (FTX anyone?) and online hackers.
I will not leave any stone unturned (If you are new, DON’T WORRY!)
STEP 1 – Sign UP For MEXC Global
Launched in 2018 in Seychelles, MEXC global is a well-established and reputable cryptocurrency exchange that ranks among the top 15 global exchanges. MEXC Global has met all regulatory requirements and holds licenses in the United States, Switzerland, Canada, Australia, and other countries.
MEXC global offers over 800 cryptocurrencies and has competitive platform fees (0.2%). MEXC provides fiat-to-crypto services (card, bank transfer, P2P, etc.), as well as spot, margin, futures trading, ETFs, and staking services. We recommend MEXC Global for your fiat-to-crypto purchases
To create a MEXC Global account follow these steps:
Step 2: Sign up with your email or cell phone number. Create a hacker-proof password and enter the email verification code you will receive. When you are ready, read and accept the user agreement. Then click on “Sign up.”
Step 3: We recommend reducing your account risk level by enabling MEXC/Google authenticator.
- 3.1 Go to Security, select “Security Recommendations,” and then select Set Up under MEXC/Google Authenticator.
- 3.2 Download MEXC/Google Authenticator for mobile or browser.
- 3.3 Follow the steps on the screen to set it up correctly
Step 4 (Optional): We recommend passing the primary KYC in order to enhance your 24-hour withdrawal limit to 40 BTC and receive additional perks and bonuses. MEXC Global may request KYC for bank transfers, P2P trading, and other services.
- 4.1 Under Identification click on “Primary KYC” and then “Verify”
- 4.2 Provide all the details and click on “Submit for review”
Approval is fast! It won’t take long! Check your email for confirmation!
STEP 2 – Buy USDT on MEXC GLOBAL
MEXC Global supports fiat-to-crypto exchanges with a variety of payment options: Credit/Debit cards for quick transactions and Bank Transfers (SEPA & SWIFT).
Step 1: Next to MEXC Global logo hover over Buy Crypto and click “Third-party payment.”
Step 2: Enter your fiat currency amount in the Pay box. Pick USDT in the Get box. Choose your selected service provider, and press the “Buy USDT” button.
Step 3: You will be taken to the service provider’s website, where you will enter your information and make the purchase.
Step 4: That’s it! You have purchased USDT!
Note: You can deposit fiat currency into your account using the global bank transfer option (SWIFT/Wire Transfer). This option is cheaper but slower (it may take a few days), and requires advanced KYC identification. For faster and more efficient transactions we recommend choosing a third-party supplier that accepts both credit/debit cards as well as local and international bank transfers (e.g., Simplex).
STEP 3 – Buy Naka Crypto on MEXC Global
MEXC Global offers both beginner (spot trading) and advanced trading tools such as margin trading and quantitative trading. Beginner traders will appreciate the simple and straightforward UI.
Step 1: At MEXC Global Exchange, hover over Trade and click on “Spot.”
Step 2: Look for NAKA/USDT in the search bar, then click on “NAKA/USDT” to open the chart.
Step 3: Below the chart is a panel with multiple order options (Limit, Market, and Stop-Limit). To buy NAKA Token at the current market price select Market, and set the percentage of your USDT balance that you are comfortable investing/trading (use the green slider below).
Step 4: Then hit “Buy NAKA.” Confirm your order and your NAKA will be in your account.
Note: Simply put, a Limit order allows you to place an order at a specific price or better to set better entries and take-profit targets. A Market order executes an order at the current market price. A Stop-limit order is a type of stop-loss that becomes a limit order at the stop price (only executing at the limit price or better).
STEP 1 – Sign UP for KUCOIN
Kucoin, founded in 2017, is one of the world’s top cryptocurrency exchanges. It is well-known for its large selection of altcoins (700+ coins) that cannot be found on other crypto exchanges. Also, for its below-average trading fees (only 0.10%).
Kucoin allows over 70 fiat-to-crypto payment methods, as well as margin trading, futures, staking, NFTs, and lending. Unfortunately, it is not available in the US. KYC is required for cryptocurrency exchanges and trading, however, it is a simple process.
To create a Kucoin account follow these steps:
Step 2: Enter your email or phone and click the signup button
Step 3: Insert your email address and confirm it with the code supplied to that address. Set your login password, read the terms of use, check the box, and then click “sign up.”
Step 4: You must validate your account to make fiat-to-crypto purchases. Hover over the third option in the upper right corner (the circle with your account initials) and choose KYC Verification. After that click on “verification.”
Step 5: Wait for the successful Kucoin verification email. It may take several business days to review your information.
STEP 2 – Buy USDT on KUCOIN
Kucoin supports fiat-to-crypto transactions with a variety of payment methods: Credit/Debit Card for quick transactions, Bank Transfers (SEPA), and P2P with multiple options (Revolut, Wise, Skrill, etc).
Step 1: Hover your mouse over Buy Crypto and select “Fast Trade.”
Step 2: Select your fiat currency (USD, EUR, GBP, etc) and USDT. Select Payment Method (among 70+) and click on “Buy USDT.”
Step 3: If you use a third party (Banxa, Simplex, or BTC direct), you will be taken to their page; otherwise, simply enter your credit/debit card information.
Step 4: Your USDT will be available on your account!
Note: You can deposit fiat currency by clicking on deposit fiat (SEPA) and then buy USDT through the fast trade option. This option is cheaper but slower (it may take a few days). For faster and more efficient transactions we recommend using the fast trade option.
STEP 3 – Buy Naka Crypto on Kucoin
KuCoin provides a user-friendly trading platform with desktop and mobile app options. It has an extensive help center where users can find solutions to frequently asked questions.
Step 1: At Kucoin Exchange, hover over Trade and click on “Spot Trading”
Step 2: Look for NAKA in the search bar, then click on “NAKA/USDT” to open the chart.
Step 3: Below the chart is a panel with multiple order options (Limit, Market, and Stop-Limit). To buy Nakamoto Games (NAKA) at the current market price select Market. Then set the percentage of your USDT balance that you are comfortable trading or just enter the USDT amount. Hit “Buy NAKA.” Confirm your order and your NAKA will be in your account.
Note: Before being able to trade, Kucoin might ask you to create a 6-digit trading password to add another layer of security.
Note: Simply put, a Limit order allows you to place an order at a specific price or better to set better entries and take-profit targets. A Market order executes an order at the current market price. A Stop-limit order is a type of stop-loss that becomes a limit order at the stop price (only executing at the limit price or better).
Alternative Nakamoto Game Exchanges
BitMart
BitMart is a global cryptocurrency exchange that allows customers in 180+ countries (including the United States) to trade over 1,000 digital currencies and pairs.
BitMart, founded in 2017, offers fiat-to-crypto payments, staking, margin trading, futures, and NFTs. BitMart charges a flat 0.25% fee regardless if you are a maker or taker. KYC Level 1 is required for fiat-to-crypto purchases and Level 2 is needed for trading.
Alternative Custodial Fiat-To-Crypto Exchanges (CEX)
A custodial fiat-to-crypto exchange is a centralized exchange that stores and manages your private keys on your behalf. These are alternative fiat-to-crypto options you can use in case you have some issues with the ones presented in the previous sections.
Binance (Non-US)
Binance, founded in 2017 by Chinese-Canadian developer Changpeng Zhao, has grown to become one of the most popular and leading cryptocurrency exchanges in the industry. It is regarded among the top ten in terms of trust and trade volume, and it provides services in over 140 countries around the world (not including the US).
Binance offers a wide selection of cryptocurrencies (over 387 coins and over 1590 trading pairs) and low trading fees (spot trading fees start at 0.1%). Binance provides fiat-to-crypto services (card, bank transfer, P2P, and more), as well as spot, margin, futures, staking, liquidity farming, and other services. Binance is a relatively safe, versatile way to invest in and trade crypto.
Non-Custodial Fiat-to-Crypto Exchanges
Another option is to use a non-custodial exchange (the exchange does not hold your private key or “password”) like Changelly or ChangeNow.
If you use a centralized exchange (CEX) like MEXC, you will need to transfer that money to your custodial (exchange wallet).
This method requires no registration or KYC and is usually more convenient, but slightly more expensive.
STEP 4 (Bonus) – Keep your Naka crypto Safe
Have you heard about Lehman Brothers, Celsius, Voyager, and BlockFi?
What about the most recent? FTX exchange collapse (the next “big short movie?”)
We are talking about people losing retirement savings. People losing pensions. People losing homes. People losing health. People losing faith. People going bankrupt.
Crypto was invented to mitigate these risks (counterparty risk).
Centralized Exchanges (CEX) are the most convenient option for newcomers, but they are also the least secure for keeping your coins safe (you are injecting counterparty risk).
Centralized solutions suffer from corruption, mismanagement, censorship, and fragility (target for both hackers and government litigations).
There is a mantra in the crypto world: “Not your keys, Not your coins.”
Once you’ve bought your Naka crypto from the chosen exchange, be sure to transfer it to your personal crypto wallet. The safest option is a cold/hardware wallet.
What is a cold/hardware wallet?
A cold/hardware wallet is a physical device or object that does not have an internet connection. A cold wallet stores the keys offline (hacker-proof). Cold/Hardware Wallets are non-custodial wallets (you hold your keys at all times) and are considered the safest option.
The best hardware wallets for Nakamoto Games (NAKA) are:
SafePal
Type:
Hot (online) & Cold (Hardware)
Coins Supported: 54 Blockchains (30k+ Tokens)
Native Support*
User-friendly UX
Air-gapped: 100% offline
Cross-Platform: Mobile, Web Browser + Hardware
Ledger NANO X
Type:
Cold (Hardware Wallet)
Coins Supported:
5,500+ Tokens
Up to 100 apps
High Reputation
Bluetooth Connection
Cross-Platform: IOS & Android, Desktop (W, OS, L)
Trezor T
Type:
Cold (Hardware Wallet)
Coins Supported: 1800+ Tok
Unlimited Apps & Wallets
High Reputation
Shamir Backup: Safe from theft or destruction.
Cross-Platform: Browser, Desktop (W, OS, L)
*Note: SafePal supports Naka coin directly. If you prefer Ledger or Trezor, you must pair it with Metamask. You can download Metamask from the chrome store, google play, or app store.
2. FAQs
Is Nakamoto Games a Good Investment?
Nakamoto Games (NAKA) is a long-term investment with solid fundamentals, a robust team of experienced developers, and backing from important blockchain leaders. Nakamoto Games discovered the flaws in the current play-to-earn industry and developed a clever solution that got a technical grant from Polygon.
Two months after the project’s inception, Nakamoto Games successfully launched its mainnet with over 2,000 registered players within 40 minutes. NAKA reached its ATH (~$7.00) on Oct 20, 2021, which would have netted a ~38.88x ROI (+3,788.9%) from its IDO price ($0.18).
However, Nakamoto Games has been severely impacted by the current crypto bear market, falling 98 percent from its current ATH. Its current market cap and 24 hours trading volume are ~$4M (Nov 2022) and $370K respectively. We believe this is a steal to start accumulating; not even the partners could get a deal this cheap.
Is Naka on Binance?
Naka coin is not listed on Binance. Currently, the only exchanges are MEXC (CEX), Kucoin (CEX), BitMart (CEX), and Uniswap (DEX).
What is Nakamoto Metaverse?
Beyond gaming, Nakamoto Games is creating its own metaverse, the NAKAVERSE, in which you may immerse yourself in a digital world with a lively in-game economy, build organizations, acquire land, and get recruited. The NAKAVERSE aims to recreate a real-life world inside a virtual reality world.
When was Naka coin released?
The Naka coin was released from 30 Sep – 1 October 2021. In total, they secured ~$5.8M from the seed phase and its IDO.
The information provided in this guide is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor before investing or trading securities and cryptocurrencies). The author hold positions in Nakamoto Games (NAKA). Altcoins Mastery owns and recommends Nakamoto Games (NAKA).
