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).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. NEM (XEM) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate NEM (XEM) Once your deposit has been confirmed, you will immediately have access to your finances and you can start invest and trading. To buy NEM (XEM) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. To locate NEM (XEM), you will need to insert the cointype (XEM) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have highlighted this also. Click on “XEM/BTC” to proceed.
Step 4 – Purchase NEM (XEM) Once you have found NEM (XEM), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled with the most recent tariff NEM (XEM) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of XEM you like to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the complete quantity of XEM. When you are satisfied, make a mouse click on “Buy XEM”. Your plan will be filled as soon as a Seller sells their XEM for the price you submitted.
Step 5 – Withdraw NEM (XEM) Unless you're frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive period of time. In order to take off your NEM (XEM), hover over the tab called “Funds” and mouse click on “Withdraw”. NEM (XEM) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate NEM (XEM) by using the given drop-down box. Put into the amount of NEM (XEM) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. When you are satisfied, click “Submit”. You may be asked for verfication via email/phone before a take off.
Kudos! You have successfully purchased and stored NEM (XEM).That's it! Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the (XEM) NEM is safe within your wallet, you are done.
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