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 – Transmit Your Ethereum or Bitcoin to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. NEM (XEM) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you've chosen the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate NEM (XEM)

As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can commence invest and trading. To invest in NEM (XEM) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”.

To find NEM (XEM), you will need to insert the shortname of the coin (XEM) into the search box, which is highlighted in the picture. Be certain of having selected the correct pairing, we've highlighted this also. Click on “XEM/BTC” to proceed.

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

As soon as you have located NEM (XEM), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're creating our own Limit Order.

The ”Price” field will be automatically filled with the most up-to-date rate NEM (XEM) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of XEM you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole amount of XEM.

If you're satisfied, click on “Buy XEM”. Your plan will be filled when a Seller sells their XEM for the price you submitted.

Step 5 – Withdraw NEM (XEM)

Unless you're regularly trading, you should never keepyour crypto on an Exchange for an extended time period. In order to withdraw your NEM (XEM), hover over the tab called “Funds” and click on “Withdraw”. NEM (XEM) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate NEM (XEM) by using the given drop-down box. Put into the quantity of NEM (XEM) you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address.

When you are happy, click “Submit”. You may be requested for email/phone verification before a take off.

Binance Withdraw

Congratulations! You've successfully purchased and safed NEM (XEM).

That's it!

Withdrawals from Crypto Trader can take between 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 inside your wallet, you're done.

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