A Step-by-Step-Guide on how to buy Nexus Mutual (NXM)
Step 1 – Signup to CEX.io You will first need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and to get your Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Nexus Mutual (NXM) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Nexus Mutual (NXM) Once your deposit has been approved, you'll now have access to your finances and you can begin buying and trading. To invest in Nexus Mutual (NXM) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find Nexus Mutual (NXM), you'll need to put the short name of the asset (NXM) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we have highlighted this also. Click on “NXM/BTC” to continue.
Step 4 – Buying Nexus Mutual (NXM) As soon as you have located Nexus Mutual (NXM), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to make our own Limit Order. The ”Price” field will be automatically filled with the most recent valuation Nexus Mutual (NXM) was traded for. You can change this to your desired rate. The ”Amount” field is the amount of NXM you like to buy. The ”Total” field is the total price in Bitcoin that you will pay for the complete amount of NXM. If you are happy, click on “Buy NXM”. Your order will be filled as soon as a Vender sells their NXM for the price you introduced.
Step 5 – Withdraw Nexus Mutual (NXM) Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your Nexus Mutual (NXM), hover over the ”Funds” tab and click on “Withdraw”. Nexus Mutual (NXM) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Nexus Mutual (NXM) by using the given drop-down box. Enter the volumen of Nexus Mutual (NXM) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You may be requested for verfication via phone/email before a withdrawal.