A Step-by-Step-Guide on how to buy NEM (XEM) in Netherlands
Step 1 – Join Coinbase and get 10$ for free You will first need to buy units of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and to get your first $10.
Step 2 – Transmit Your Funds to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. NEM (XEM) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate NEM (XEM) Once your deposit has been verified, you'll directly have access to your funds and you can start purchasing and trading. To buy NEM (XEM) on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”. To spot (XEM) NEM, you will need to insert the short name of the asset (XEM) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we've marked this too. Click on “XEM/BTC” to proceed.
Step 4 – Acquisition of (XEM) NEM As soon as you've located NEM (XEM), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we are going to create our Limit Order. The “Price” field will be filled with the most up-to-date valuation (XEM) NEM was traded for. You can change this to your desired rate. The “Amount” field is the quantity of XEM you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole amount of XEM. When you're happy, click on “Buy XEM”. Your order will be filled when a Vendor sells their XEM for the price you introduced.
Step 5 – Withdraw NEM (XEM) Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your (XEM) NEM, hover over the tab called “Funds” and click on “Withdraw”. (XEM) NEM can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XEM) NEM by using the provided drop-down box. Enter the quantity of NEM (XEM) you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.