A Step-by-Step-Guide on how to buy NEM (XEM)
Step 1 – Signup to CEX.io You will first need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and receive your Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. NEM (XEM) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find NEM (XEM) As soon as your deposit has been affirmed, you'll directly have access to your finances and you can launch invest and trading. To invest in NEM (XEM) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot NEM (XEM), you will need to put the cointype (XEM) into the search box, which is marked in the graphic. Be certain of having selected the right grouping, we've highlighted this also. Click on “XEM/BTC” to proceed.
Step 4 – Purchase NEM (XEM) Once you've found NEM (XEM), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're making our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date valuation NEM (XEM) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of XEM you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole volumen of XEM. If you are glad, make a mouse click on “Buy XEM”. Your plan will be filled as soon as a Vendor trades their XEM for the price you offered.
Step 5 – Withdraw NEM (XEM) Unless you're frequently trading, never keep your coins on an Cryptocurrency Exchange for an extensive period of time. To withdraw your NEM (XEM), hover over the ”Funds” tab and click on “Withdraw”. NEM (XEM) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate NEM (XEM) by using the provided drop-down box. Put into the amount of NEM (XEM) you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you're happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.