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 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. NEM (XEM) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you've chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find NEM (XEM) As soon as your deposit has been confirmed, you'll now have access to your funds and you can begin purchasing and trading. To purchase NEM (XEM) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To discover NEM (XEM), you'll need to put the shortname of the coin (XEM) into the search-box, which is marked in the image. Be certain of having selected the right grouping, we have marked this also. Click on “XEM/BTC” to advance.
Step 4 – Buy NEM (XEM) As soon as you've found NEM (XEM), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date valuation NEM (XEM) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of XEM you wish to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the complete quantity of XEM. If you are glad, click on “Buy XEM”. Your order will be filled when a Vendor trades their XEM for the price you introduced.
Step 5 – Withdraw NEM (XEM) Unless you are regularly trading, never keep your coins on an Crypto Trader for an longer period of time. To take off your NEM (XEM), go to the ”Funds” tab and mouse click on “Withdraw”. NEM (XEM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find NEM (XEM) by using the provided drop-down box. Drop in the volumen of NEM (XEM) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, click “Submit”. You may be requested for email/phone verification before a take off.