How to Buy NEM (XEM)

A Step-by-Step-Guide on how to buy NEM (XEM)

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and to get Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. NEM (XEM) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have selected the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate NEM (XEM)

Once your deposit has been confirmed, you'll instantly have access to your finances and you can begin buying and trading. To purchase NEM (XEM) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”.

To locate NEM (XEM), you'll need to put the cointype (XEM) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we've highlighted this too. Click on “XEM/BTC” to proceed.

Binance Hot To Buy NEM (XEM)
Binance How to Buy (XEM) NEM
Step 4 – Buying NEM (XEM)

Once you have located NEM (XEM), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are going to create our own Limit Order.

The ”Price” field will be automatically filled with the most up-to-date rate NEM (XEM) was traded for. This can be changed to your desired rate. The ”Amount” field is the quantity of XEM you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of XEM.

If you are glad, make a mouse click on “Buy XEM”. Your plan will be filled as soon as a Seller trades their XEM for the price you gave.

Step 5 – Withdraw NEM (XEM)

Unless you're regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extended period of time. To take off your NEM (XEM), go to the ”Funds” tab and click on “Withdraw”. NEM (XEM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate NEM (XEM) by using the given drop-down box. Drop in the quantity of NEM (XEM) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you're glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Binance Withdraw

Kudos! You've successfully purchased and stored NEM (XEM).

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the (XEM) NEM is safe in your wallet, you are done.

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