A Step-by-Step-Guide on how to buy NEM (XEM)
Step 1 – Join eToro You'll first need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and receive yBitcoin or Ethereum.
Step 2 – Transmit Your Funds to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. NEM (XEM) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate (XEM) NEM As soon as your deposit has been approved, you will directly have access to your funds and you can begin buying and trading. To buy (XEM) NEM on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To discover (XEM) NEM, you'll need to put the short name of the asset (XEM) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we have marked this also. Click on “XEM/BTC” to continue.
Step 4 – Acquisition of NEM (XEM) Once you have spotted NEM (XEM), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are creating our Limit Order. The field with the “Price” tag will be filled with the most recent price NEM (XEM) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of XEM you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete amount of XEM. When you're 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 (XEM) NEM Unless you're trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extensive time period. In order to take off your NEM (XEM), hover over the tab called “Funds” and mouse click on “Withdraw”. (XEM) NEM can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEM) NEM by using the provided drop-down box. Drop in the volumen of NEM (XEM) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you are happy, click on “Submit”. You may be asked for verfication via phone/email before a take off.