A Step-by-Step-Guide on how to buy NEM (XEM)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to buy one of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and getting your first $10.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have 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 Trader? (Follow this guide) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate (XEM) NEM As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can launch buying and trading. To purchase NEM (XEM) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to spot NEM (XEM), you'll need to put the shortname of the coin (XEM) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we have marked this too. Click on “XEM/BTC” to continue.
Step 4 – Purchase (XEM) NEM After you've found NEM (XEM), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to make our Limit Order. The “Price” field will be filled automatically with the recent tariff (XEM) NEM was traded for. You can change this to your preferred rate. The “Amount” field is the volumen of XEM you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of XEM. If you're glad, make a mouse click on “Buy XEM”. Your order will be filled as soon as a Vender sells their XEM for the price you gave.
Step 5 – Withdraw (XEM) NEM Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer period of time. In order to take off your NEM (XEM), hover over the “Funds” tab and mouse click on “Withdraw”. NEM (XEM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate NEM (XEM) by using the provided drop-down box. Enter the volumen of NEM (XEM) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, click “Submit”. You could be requested for verfication via email/phone before a take off.