How to Buy $NYM on Bitfinex

Among the available options, we chose Bitfinex for buying NYM because it supports withdrawals on both the NYM mainnet and the Ethereum network. This gives you flexibility later, whether you plan to move NYM into the mixnet for staking, delegation, or privacy services, or simply hold the wrapped version inside an Ethereum wallet.

Bitfinex is also one of the older exchanges in the market, operating since 2012 with strict KYC policies, deep liquidity, and a strong focus on security. It serves millions of users globally and offers NYM on spot markets with 0.1% maker and 0.2% taker fees, making it a reliable option for straightforward NYM purchases.

Here is how you can buy NYM tokens on Bitfinex:

Étape 1 : Open your browser, go to the Bitfinex website, and log in to your account. If you don’t have one yet, sign up and complete the KYC process to unlock trading features.

Étape 2 : After logging in, you’ll land on the Bitfinex trading interface. In the Tickers section, use the search bar to find NYM, then select the NYM/USDT paire.

Étape 3 : Once the pair is open, move to the Bon de commande section and choose your preferred type de commande from the dropdown, such as Market or Limit.

Étape 4 : With the order type selected, enter the amount of USDT you want to use to buy NYM in the Prix ​​USD field, depending on the order type.

Étape 5 : Vérifiez les détails de la commande, puis cliquez Exchange Buy to complete your NYM purchase.

Fees When Buying NYM on Bitfinex

When purchasing NYM on Bitfinex’s spot market, the base trading fees are 0.10% for maker orders and 0.20% for taker orders. These fees are applied directly to each completed trade. For example, if you place a $1,000 market order to buy NYM, the taker fee at the base rate would be $2.

Bitfinex does not use a native exchange token for fee discounts. However, users who sign up with a Bitfinex code de référence can receive a 6% reduction on trading fees, which slightly lowers the overall cost of buying NYM on the platform.

How to Transfer $NYM to a Web3 Wallet (NYM Wallet)

Most people move NYM off an exchange for one of two reasons: either you want to hold it safely in your own wallet, or you want to use the Nym network for real privacy features. That’s why Bitfinex is useful here, because it gives you two withdrawal paths.

If you choose the Ethereum network, Bitfinex sends wrapped NYM. This option makes sense when your plan is long-term holding, tracking your portfolio, or keeping the token inside the Ethereum wallet setup. In that case, MetaMask or Rabby works.

If you choose the NYM mainnet, you receive the fully functional NYM you can actually use for things like delegating or bonding for rewards, running mixnet nodes, or paying for mixnet services. For that route, you’ll need the official NYM Wallet.

Here is how you can directly transfer your NYM tokens from Bitfinex to NYM Wallet using NYM network:

Étape 1 : Étape 1: sur le Bitfinex trading page, hover over the Portefeuille icon in the top-right corner and click Retrait d'argent.

Étape 2 : On the withdrawal page, choose the crypto-monnaie option to withdraw through a crypto network.

Étape 3 : In the withdrawal window, select the Bitfinex portefeuille où votre NYM balance is stored.

Étape 4 : Sous Choose a transport protocol, sélectionnez NYM to withdraw your tokens through the NYM mainnet.

Étape 5 : Open your NYM Wallet, copy your receiving address, and paste it into the Withdrawal To champ sur Bitfinex.

Étape 6 : Entrer le amount of NYM Vous souhaitez vous retirer.

Étape 7 : Vérifiez les détails, puis cliquez sur Demande de retrait to confirm the transfer.

Track the transaction using the TXN ID on the NYM explorer. Once confirmed, your NYM will appear in your wallet.

NYM Explained

NYM is a privacy-focused cryptocurrency that powers a decentralized network designed to hide your online activity at the traffic level. While most crypto projects talk about privacy at the wallet or transaction layer, NYM is built around the récit sur la vie privée at the network level. Its mixnet system blends your internet traffic with others, making it much harder for observers to track who is sending data, where it’s going, or how often.

You can think of NYM as infrastructure for a private internet. The NYM token is used to pay for bandwidth on the mixnet and to reward node operators who help run the network. This creates an incentive-driven system where privacy services are powered by a decentralized community rather than a single company.

Conclusion

Pour la plupart des lecteurs, Bitfinex makes sense because it supports withdrawals on both the NYM mainnet and the Ethereum network, giving you flexibility depending on how you plan to use the token. Before buying, it’s worth thinking about your priorities, whether that’s fees, staking access, or long-term utility. NYM isn’t just a token to hold; it connects to privacy tools and mixnet-based services across its ecosystem. If you’re simply looking to buy and hold with a more beginner-friendly interface, Bitget can be a strong alternative. For similar privacy-focused ecosystems, the Dashnetwork is another option with its own set of applications.

FAQ

1. What is NYM used for?

NYM is the utility token that powers the Nym mixnet. It is used to pay for private bandwidth on the network and to reward node operators who provide mixing and routing services.

2. How does the Nym mixnet protect privacy?

The mixnet blends your internet traffic with data from other users, adding noise and delays. This makes it much harder for observers to track who is communicating with whom.

3. Is NYM similar to privacy coins like Monero?

Not exactly. Monero focuses on private transactions, while NYM targets privacy at the network level by hiding traffic patterns and metadata.

4. Can I stake or delegate NYM tokens?

Yes. NYM tokens can be bonded or delegated to node operators, allowing users to support the network and potentially earn rewards.

5. What makes NYM different from VPN services?

Traditional VPNs rely on centralized providers. NYM uses a decentralized mixnet, where multiple nodes mix traffic, reducing the need to trust a single company.

6. What is wrapped NYM on Ethereum?

Wrapped NYM is the Ethereum-based version of the token. It is mainly used for holding or moving funds within the Ethereum ecosystem.