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What is Numeraire?

Numeraire (NMR) is a project working to revolutionise the investment industry through data analytics.

  • NMR works by allowing their users to stake tokens to predict certain events, if they are correct they will be rewarded for their correct analysis.
  • Through monetary incentivisation and reputation increasing with every correct prediction, users work hard to interpret data and predict financial movements to control the capital of the Numerai hedge fund.
  • Numeraire created the world’s first weekly encrypted data science tournament where users have to interpret stock market data and make predictions based on their findings. At the time of writing, they have given away over 30 million dollars worth of NMR.

With competition constantly increasing in the financial market, NMR’s creative strategy could make them a significant contributor in the future of the industry.

How do I swap Numeraire?

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Learn more about Numeraire

Why Should I Trade NMR with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Numeraire no matter what your trading experience is. Unlike other international and Australian Numeraire exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Numeraire with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Numeraire how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Numeraire?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Numeraire for free.

Cold Storage

If you are holding Numeraire as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Numeraire. We are trusted by over two million customers and with just a few clicks, you can exchange Australian dollars or other cryptocurrencies for Numeraire. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Numeraire has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Numeraire is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Numeraire exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Numeraire & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Numeraire safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Numeraire portfolio here.
Yes! With CoinSpot you can convert your Numeraire to AUD (Australian dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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