How to Buy NEM (XEM) in Canada

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome 10 Dollar.

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find (XEM) NEM

Once your deposit has been confirmed, you will directly have access to your finances and you can commence buying and trading. To purchase NEM (XEM) on Binance, you will want to hover over the tab which is calledExchangeand click onBasic”.

To locate (XEM) NEM, you'll 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 grouping, we've highlighted this too. Click onXEM/BTCto go on.

Step 4 – Purchasing NEM (XEM)

After 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 (on the Left of the image). Next we're making our Limit Order.

The field with thePricetag will be filled automatically with the most latest valuation NEM (XEM) was traded for. You can change this to your desired price. The field with theAmounttag is the quantity of XEM you like to purchase. The field with theTotaltag is the whole price in Bitcoin that you will pay for the whole volumen of XEM.

If you're happy, click onBuy XEM”. Your order will be filled as soon as a Vendor sells their XEM for the price you gave.

Step 5 – Withdraw (XEM) NEM

Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. In order to withdraw your (XEM) NEM, hover over the tab calledFundsand mouse click onWithdraw”. NEM (XEM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XEM) NEM by using the given drop-down box. Drop in the volumen of (XEM) NEM you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you are happy, click onSubmit”. You could be requested for verfication via phone/email before a withdrawal.

Congratulations! You have successfully purchased and safed NEM (XEM) in Canada.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the (XEM) NEM is safe within your wallet, you are finished.