How to Buy NEM (XEM) in Austria

A Step-by-Step-Guide on how to buy NEM (XEM) in Austria

Step 1 – Signup to CoinbaseGet Free $10

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and to get your welcome 10$.

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

Make sure you've selected the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate (XEM) NEM

As soon as your deposit has been affirmed, you'll directly have access to your funds and you can commence purchasing and trading. To purchase NEM (XEM) on Binance, you will want to hover over the tab which is calledExchangeand mouse click onBasic”.

To spot NEM (XEM), you'll need to insert the short name of the asset (XEM) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've marked this also. Click onXEM/BTCto go ahead.

Step 4 – Buy NEM (XEM)

As soon as you've located (XEM) NEM, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to create our own Limit Order.

The field with thePricetag will be automatically filled with the most up-to-date valuation NEM (XEM) was sold for. This can be changed to your favoured price. The field with theAmounttag is the volumen of XEM you wish to purchase. The field with theTotaltag is the total price in BTC that you'll settle for the complete quantity of XEM.

If you are satisfied, click onBuy XEM”. Your plan will be filled as soon as a Vender trades their XEM for the price you introduced.

Step 5 – Withdraw (XEM) NEM

Unless you are regularly trading, never keep your crypto coins on an Crypto Trader for an extended time period. In order to withdraw your (XEM) NEM, hover over the tab calledFundsand mouse click onWithdraw”. (XEM) NEM can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XEM) NEM by using the provided drop-down box. Enter the amount of (XEM) NEM you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you are glad, click onSubmit”. You could be requested for verfication via email/phone ahead of a take off.

Kudos! You've successfully bought and stored NEM (XEM) in Austria.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Ethplorer.io or Etherscan.io and the NEM (XEM) is safe in your wallet, you are done.