How to Buy NEM (XEM) in Nigeria

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

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to buy units of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first 10 Dollar.

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. NEM (XEM) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've chosen the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate NEM (XEM)

As soon as your deposit has been affirmed, you will immediately have access to your assets and you can commence purchasing and trading. To invest in (XEM) NEM on Binance, you will want to go to theExchangetab and then mouse click onBasic”.

In order to spot (XEM) NEM, you will need to insert the shortname of the coin (XEM) into the search box, which is marked in the graphic. Make sure you have choosen the proper pairing, we've highlighted this also. Click onXEM/BTCto go on.

Step 4 – Buying (XEM) NEM

Once you've discovered (XEM) NEM, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are going to make our Limit Order.

The field with thePricetag will be filled with the most recent price (XEM) NEM was sold for. This can be changed to your favoured rate. The field with theAmounttag is the quantity of XEM you like to purchase. TheTotalfield is the total price in Bitcoin that you'll pay for the complete amount of XEM.

If you're glad, make a mouse click onBuy XEM”. Your order will be filled when a Seller sells their XEM for the price you offered.

Step 5 – Withdraw (XEM) NEM

Unless you are frequently trading, best advise is not to keep coins on an Exchange for an extended time period. To take off your NEM (XEM), go to theFundstab and click onWithdraw”. (XEM) NEM can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate NEM (XEM) by using the given drop-down box. Put into the amount 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.

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

Congrats! You've successfully bought and stored NEM (XEM) in Nigeria.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the NEM (XEM) is stored inside your wallet, you are all done.