A Step-by-Step-Guide on how to buy NEM (XEM)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and to get your Bitcoin or Ethereum.
Step 2 – Transmit Your Funds to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate NEM (XEM) Once your deposit has been verified, you will directly have access to your assets and you can start buying and trading. To buy NEM (XEM) on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”. In order to discover NEM (XEM), you will need to insert the shortname of the coin (XEM) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we've marked this too. Click on “XEM/BTC” to progress.
Step 4 – Buy (XEM) NEM After you have discovered (XEM) NEM, you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're creating our Limit Order. The field with the “Price” tag will be filled with the most recent price (XEM) NEM was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of XEM you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete quantity of XEM. If you're glad, click on “Buy XEM”. Your order will be filled as soon as a Seller sells their XEM for the price you introduced.
Step 5 – Withdraw NEM (XEM) Unless you are regularly trading, you should never keepyour crypto coins on an Exchange for an extensive period of time. In order to withdraw your NEM (XEM), go to the ”Funds” tab and click on “Withdraw”. NEM (XEM) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find NEM (XEM) by using the given drop-down box. Put into the quantity of NEM (XEM) you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.