Notecoin (NOT) is a unique crypto project within The Open Network (TON) ecosystem. In the play-to-earn game, users can mine Notcoin by repeatedly tapping an animated coin on their screens, like a cookie clicker with a crypto twist. This simple yet addictive mechanic quickly gained traction, turning Notcoin into a significant player in the GameFi space. In this comprehensive guide, we discuss everything you need to know, including how to buy Notcoin (NOT) securely.
KEY TAKEAWAYS
• NOT is the native asset of Notcoin, a popular Telegram-based tap-to-earn game launched in November 2023.
• Notcoin has seen significant market activity and substantial trading volume in 2024.
• Buying Notcoin is straightforward — find an exchange that lists NOT, choose a trading pair, and follow the steps provided.
• OKX, Bybit, and BingX are among the most secure platforms where you can buy Notcoin.
How to buy Notcoin (NOT)
Due to NOT’s growing popularity, an increasing number of exchanges are scrambling to list the trending asset. Note that the buying process for each of these exchanges may somewhat vary, but overall, the procedure will be more or less the same. For this demonstration, we will use BingX because of its simple and user-friendly interface.
Here’s a quick summary of the step-by-step procedure before we get into details:
- Create an account on a preferred exchange like BingX.
- Verify your identity according to the platform’s requirements.
- Review and enhance your account security.
- Deposit funds into your exchange wallet.
- Trade your funds for Notcoin.
Step1: Sign up
If you don’t already have an account on BingX, it’s time to create one. The process is simple. Visit the BingX website and find the sign-up button — it’s usually around the top-right corner.
You can sign up either using your email or phone number. Alternatively, you can also sign-up connecting via your Google account.
Step 2: Verify
BingX doesn’t have a mandatory KYC policy, meaning you don’t necessarily have to verify your identity to buy Notcoin or any other crypto. However, verification has certain advantages, including higher daily withdrawal limits.
To verify your identity, go to the Accounts settings (highlighted in the circle) and choose “Identity Verification” from the dropdown menu. From there, just follow the on-screen instructions and submit the necessary documents.
Step 3: Review your security setup
Just like the previous step, this is not mandatory. However, it is recommended that you review the security settings and link your phone and/or activate Google Authenticator for login and withdrawals. The process is simple — just visit Account Settings and then click on Account & Security on the dropdown menu.
Step 4: Enter the amount you want to buy
BingX listed Notcoin on June 6, 2024, and so far only one trading pair involving NOT is available — NOT/USDT. So the easiest way to go about buying Notcoin would be to have some USDT balance in your BingX portfolio and trade it to buy NOT.
Now, you can deposit USDT from an external wallet or buy some on BingX. Buying on BingX is simple — you get two choices: Quick Buy and P2P trading. As the name suggests, Quick Buy is the easier option between the two, especially if you are a new user.
Go to the Quick Buy page and enter the amount (in fiat) you want to spend on your USDT purchase. You can choose a fiat currency of your choice from the dropdown menu — available options include USD, AUD, GBP, EUR, BRL, CAD, HKD, INR, and more. Now, click on the “Buy” button.
Step 5: Make payment
You will see several payment options, as shown in the screenshot below. Choose the one that suits you and follow the on-screen instructions — simple as that. Note that if you choose to pay with a credit card, you must first link that card to your profile.
Step 6: Trade USDT for NOT
Now that you have added USDT to your portfolio, you can trade it (in part or full) for NOT. Go to the NOT/USDT page where you will find the order book. You will see two buttons towards the right of the screen — Buy (green) and Sell (red). Click on Buy and enter the amount of USDT you want to trade, and then proceed with the purchase.
If you are not familiar with exchange order books and relevant concepts like that of limit-order, slippage, etc., we suggest you read our detailed guide on order books and how to use them in crypto trading.
How to sell Notcoin (NOT)
You can sell NOT using the same NOT/USDT order book that you use to buy the asset. The only difference is you have to click on the Sell button (red) and enter the amount of NOT you want to sell and then proceed by following on-screen instructions.
Note that this is only one example of how you can sell a part or all of your NOT stash. You could also transfer your NOT to an external wallet or another exchange and sell it from there. Alternatively, you could also go on a peer-to-peer trading platform that supports NOT and sell it there. If you are using BingX P2P trading, you may have to first verify your identity by following the steps we mentioned above.
Where to buy Notcoin (NOT)
1. OKX
OKX supports a wide variety of cryptos and trading pairs. The platform offers high liquidity, which allows for smooth order execution and minimal slippage — both crucial for active trading. Its user-friendly interface is suitable for both beginners and experienced traders. Additionally, OKX has a decent security infrastructure with industry-leading measures like two-factor authentication (2FA) and cold storage, providing a safe environment for users.
- Wide selection of crypto, providing flexibility for diverse trading needs.
- High liquidity ensures efficient and swift order execution with minimal slippage.
- User-friendly interface suitable for both beginners and seasoned traders.
- Strong security measures, including two-factor authentication (2FA) and cold storage, enhance asset protection.
- Competitive fee structure, making trading cost-effective.
- Limited availability of customer support options, potentially leading to longer resolution times.
- The platform may seem overwhelming for some users due to its extensive range of features.
2. Bybit
Being one of the most popular crypto exchanges, Bybit offers high liquidity and ensures swift order execution. It also offers advanced trading options, including leveraged trading and derivatives, which adds to its charm among the more experienced users. With a decent customer support setup and strong security protocols, Bybit ensures that users have both assistance and protection. All these factors combine to make Bybit a reliable choice for buying Notcoin.
- High liquidity ensures quick and efficient order execution.
- Offers advanced trading options such as leveraged trading and derivatives, catering to experienced traders.
- Reliable customer support provides timely assistance and enhances user confidence.
- Offers features like copy trading to make life easier for new traders.
- A good track record in terms of security
- May have a steep learning curve
- Advanced trading features may be complex for beginners.
3. BingX
BingX offers a comprehensive selection of trading pairs and crypto, including NOT. It also accepts a wide variety of fiat deposits, making it easy for users to get into crypto. Additionally, the platform provides a wealth of educational resources, making it an excellent choice for new traders looking to buy Notcoin.
- Comprehensive selection of trading pairs and cryptos
- Strong security measures.
- Generally good customer support
- Plenty of educational resources
- User-friendly interface that simplifies the trading process.
- Lower liquidity compared to top-tier exchanges, potentially leading to higher slippage.
- Limited global presence
Notcoin: An overview
Notcoin (NOT) is a trending cryptocurrency in 2024. The viral play-to-earn game on Telegram was launched in Beta in November 2023.
It quickly gained popularity due to its simple and engaging tap-to-earn mechanic and base on Telegram (via its integration with the TON blockchain).
Did you know? With a market capitalization of more than $1.15 billion, Notcoin (NOT) ranks #56 among all active cryptocurrencies as of Aug. 15, 2024.
Gameplay mechanics
Notcoin is a clicker game where players earn virtual currency by tapping on an animated coin within the Telegram app. Each tap generates Notcoin, and players can enhance their earning potential through various in-game upgrades and boosters.
The game also incorporates an energy system that limits the number of taps by depleting energy with each click. Energy replenishes over time, which adds a strategic element as players must manage their energy efficiently. Boosters can be purchased to increase energy limits or speed up energy recovery, allowing for more efficient Notcoin generation.
Key features
- Click mining: Players earn Notcoin by tapping on the coin icon in the game. This mechanic is accessible and addictive, making it easy for anyone to start earning.
- Energy and boosters: The energy system prevents abuse by limiting clicks, while boosters can be used to increase click efficiency or rapidly restore energy.
- Bonuses and squads: Additional Notcoin can be earned by inviting friends or joining squads, which are collaborative groups that compete on leaderboards. This social feature promotes engagement and competition among players.
Technical foundations
As explained previously, Notcoin operates on the TON blockchain, which is known for its high transaction throughput and stringent security features. This blockchain infrastructure supports the large volume of transactions required by the game and ensures a secure environment for users. The total supply of Notcoin is approximately 102.7 billion tokens, all of which are in circulation, emphasizing its widespread distribution.
Market performance and adoption
Notcoin has seen significant market activity and substantial trading volumes in 2024. Price surges have been driven by increased community engagement and a strategic airdrop, which propelled Notcoin well into the top 100 cryptocurrencies.
Should you buy Notcoin in 2024?
Whether you choose to buy Notcoin is a personal decision. You must weigh the token’s promising potential against the inherent risks of the volatile crypto market. Prices can fluctuate wildly, and initial excitement around Notcoin might not guarantee long-term growth. It’s essential to look closely at the asset’s underlying technology and practical uses to judge its sustainability. If you do decide to invest, this guide has demonstrated how to buy Notcoin safely and securely. Remember always to prioritize security and never spend more than you can afford to lose.
Frequently asked questions
Where can I buy Notcoin?
Is Notcoin a good investment?
What is Notcoin?
Disclaimer
In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
