A Step-by-Step-Guide on how to buy NEM (XEM)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and to get your welcome 10$.
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate NEM (XEM) Once your deposit has been verified, you'll now have access to your assets and you can launch invest and trading. To buy NEM (XEM) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To locate NEM (XEM), you'll need to insert the shortname of the coin (XEM) into the search box, which is marked in the graphic. Be certain of having selected the right grouping, we've marked this too. Click on “XEM/BTC” to go on.
Step 4 – Purchase NEM (XEM) After you've located NEM (XEM), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're making our Limit Order. The ”Price” field will be automatically filled with the most recent rate NEM (XEM) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of XEM you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete volumen of XEM. When you're glad, make a mouse click on “Buy XEM”. Your order will be filled when a Vendor sells their XEM for the price you gave.
Step 5 – Withdraw (XEM) NEM Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an extensive period of time. In order to withdraw your (XEM) NEM, hover over the ”Funds” tab and mouse click on “Withdraw”. (XEM) NEM can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XEM) NEM by using the given drop-down box. Enter the volumen of (XEM) NEM you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.