Buy Nano (NANO) in India — Step by Step Guide for Beginners
What is Nano Token?
Nano is decentralized, sustainable, and secure digital money focused on addressing the inefficiencies present in existing financial systems. Nano is decentralized, sustainable, and secure digital money focused on addressing the inefficiencies present in existing financial systems.
Nano provides an intuitive experience that feels like digital currency should — no fuss, no fees, no waiting. This is what an accessible and easy-to-use digital money experience should feel like.
Key elements of Nano include:
1. Instant payments
The Nano network includes a set of unique and efficient features to provide instant payments that require very little energy, are easy-to-use, and provide the scalability needed for true digital money.
2. Block Lattice
The structure of the ledger is called the Block Lattice and allows each account to have its own blockchain, rather than sharing one single chain everyone is competing to add blocks to.
3. Open Representative Voting
The consensus mechanism, called Open Representative Voting (ORV), also provides useful differentiation from other networks. The consensus is reached through representatives voting on the validity of individual blocks shared on the network.
How to Buy Nano (NANO) in India?
There are a number of ways to buy NANO. The easiest, however, is to use a trusted exchange service like BuyUcoin. Aside from offering a simple interface and the lowest fees in the industry, BuyUcoin is often rated as one of the most secure and trusted crypto exchanges.
This matters because if you lose the private key to your NANO, it can be difficult if not impossible to recover your losses. At BuyUcoin, we take security seriously, with state-of-the-art technology to protect client funds. We don’t compromise when it comes to security and neither, should you?
Step by Step Guide For Beginners — How to Buy Nano in India?
BuyUcoin is an exchange that provides buying and to Sell Nano in India as well as other cryptocurrencies. Below is a step by step guide to buy Nano via BuyUcoin:
Step 1 — Open a Digital Wallet
A digital wallet is where you hold your cryptocurrencies and interacts with others via blockchain technology. There are many providers of digital wallets, however, it is important to make a deep research before you decide which one is the best for you. Currently, the most popular digital wallets provider is BuyUcoin.
Step 2 — Register & Open an Account
Once you enter buyucoin/signup, register and open an account that can provide you with their service. Select the type of your account either individual or corporate. Select your country and agree on the terms and conditions to register your account for crypto trading.
Step 3 — KYC
KYC and AML are mandatory for Indian jurisdiction. Your data is saved and encrypted and is stored in Indian data centers only. You will be redirected to a different URL to complete your KYC. Please be ready with your recent selfie. You will need the images of your pan card. You will need the mobile number with you which is linked with your Aadhar.
Step 4 — Google 2 Step Verification
To use 2FA you will have to install an Authenticator app on your smartphone or tablet. Once enabled you will be asked to provide an additional six-digit one-time password along with your email and password every time you login to your BF account. This works only when signing in with email and password. When using Facebook or LinkedIn you can enable 2FA with your social media provider settings.
Step 5 — Add Bank details
Add the credentials of your bank name, holder account name followed by account number, and IFSC code details.
Trade Nano
The Nano ecosystem has a wide range of third-party wallets, with each providing its own unique balance between functionality and security. A list of featured wallets can be found on our Get Nano page. Nano is currently traded under the ticker symbol $NANO and is widely available on many popular exchanges around the world. Please consult CoinMarketCap Markets for NANO for more details.
Nano uses a unique and efficient consensus mechanism called Open Representative Voting (ORV). The process uses voting to get confirmation on the network instead of mining and the nodes on the network that create votes are called Representatives.
It is designed to allow people who have a Nano balance to pick whatever Representative they want to vote on their behalf without giving control of their funds or requiring staking.
People who hold Nano get to decide who generates consensus instead of mining companies, and this makes it easy to redistribute voting weight across the world. The voting process is very efficient and is a big part of what allows Nano to be fee-less and use very little energy.
Can I Use Regular Money to Buy Nano?
If you don’t have crypto, On some exchanges, you can buy Nano directly with government currencies. In BuyUcoin you can buy Nano with INR. Nano is a good investment because it is scarce with no remaining emissions. The most important feature for a nonproductive asset is that it is scarce and retains its quality over time.
Getting a Nano Wallet
The Nano ecosystem has a wide range of third-party wallets, with each providing its own unique balance between functionality and security. A list of featured wallets can be found on our Get Nano page.
The Nano network includes a set of unique and efficient features to provide instant payments which require very little energy, are easy-to-use and provide the scalability needed for true digital money.
Nano Exchanges
Investment in Nano is globally increasing because of its versatile benefits. Buying Nano is made easier in India through BuyUcoin as it accepts INR easily using credit/debit card, UPI, crypto wallet, and more in less than 10 minutes. It can be exchanged with more than 25 cryptocurrencies.
Nano Mining
The Nano protocol specifically avoids reliance on mining. This is a design decision that eliminates the unnecessary expenditure of energy and centralization forces mining activities cause. The distribution of Nano has been completed, resulting in a maximum supply of 133,248,297 NANO.
Conclusion
Digital money should be quick and easy-to-use. Whether buying goods at a store, transferring money across borders, or making payments online, Nano transactions are completed in under a second so you no longer have to wait. And these are fully settled payments on the network, businesses no longer have to wait for credit card or banking network approval.
Check Nano (NANO) current price in India HERE
