A Step-by-Step-Guide on how to buy NEM (XEM)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase one of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and getting your welcome 10$.
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. NEM (XEM) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find (XEM) NEM Once your deposit has been verified, you will directly have access to your funds and you can commence invest and trading. To buy (XEM) NEM on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find (XEM) NEM, you will need to insert the shortname of the coin (XEM) into the search box, which is marked in the picture. Be certain of having choosen the proper pairing, we have marked this too. Click on “XEM/BTC” to continue.
Step 4 – Acquisition of (XEM) NEM Once you've located (XEM) NEM, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price (XEM) NEM was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of XEM you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete quantity of XEM. When you are happy, click on “Buy XEM”. Your order will be filled as soon as a Vendor sells their XEM for the price you submitted.
Step 5 – Withdraw NEM (XEM) Unless you are frequently trading, best advise is not to keep coins on an Exchange for an extensive time period. To take off your NEM (XEM), hover over the ”Funds” tab and click on “Withdraw”. NEM (XEM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find NEM (XEM) by using the given drop-down box. Put into the amount of NEM (XEM) you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.