How to Buy NEM (XEM) in Bahamas

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

Step 1 – Join CoinbaseGet Free $10

You will first need to purchase units of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get your welcome 10$.

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. NEM (XEM) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you have chosen the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Find (XEM) NEM

Once your deposit has been verified, you will now have access to your assets and you can commence purchasing and trading. To purchase (XEM) NEM on Binance, you will want to go to the tab which is calledExchangeand then click onBasic”.

To spot (XEM) NEM, you'll need to put the shortname of the coin (XEM) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we have highlighted this also. Click onXEM/BTCto proceed.

Step 4 – Acquisition of NEM (XEM)

After you've located (XEM) NEM, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to create our own Limit Order.

ThePricefield will be automatically filled with the most up-to-date valuation (XEM) NEM was traded for. This can be changed to your desired rate. TheAmountfield is the quantity of XEM you like to purchase. The field with theTotaltag is the whole price in BTC that you'll settle for the complete quantity of XEM.

When you're glad, make a mouse click onBuy XEM”. Your plan will be filled as soon as a Vendor trades their XEM for the price you gave.

Step 5 – Withdraw (XEM) NEM

Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your (XEM) NEM, hover over the tab calledFundsand mouse click onWithdraw”. NEM (XEM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find NEM (XEM) by using the provided drop-down box. Drop in the volumen of (XEM) NEM you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you are glad, click onSubmit”. You could be asked for verfication via email/phone ahead of a withdrawal.

Kudos! You have successfully bought and stored NEM (XEM) in Bahamas.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (XEM) NEM is stored inside your wallet, you're done.