How to Buy NEM (XEM) in Papua New Guinea

A Step-by-Step-Guide on how to buy NEM (XEM) in Papua New Guinea

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

You will first need to buy one of the major coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and to get your welcome $10.

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange

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

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate (XEM) NEM

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

To locate NEM (XEM), you'll need to put the shortname of the coin (XEM) into the search box, which is highlighted in the picture. Be certain of having selected the correct pairing, we have highlighted this too. Click onXEM/BTCto progress.

Step 4 – Acquisition of NEM (XEM)

After you've spotted 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 picture). Next we are making our Limit Order.

ThePricefield will be automatically filled with the up-to-date price NEM (XEM) was sold for. This can be changed to your favoured rate. The field with theAmounttag is the volumen of XEM you want to purchase. TheTotalfield is the total price in BTC that you will pay for the whole quantity of XEM.

When you're happy, click onBuy XEM”. Your order will be filled when a Seller trades their XEM for the price you gave.

Step 5 – Withdraw (XEM) NEM

Unless you're frequently trading, best advise is not to keep coins on an Exchange for an extensive period of time. To take off your (XEM) NEM, hover over the tab calledFundsand mouse click onWithdraw”. NEM (XEM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XEM) NEM by using the given drop-down box. Enter the amount of NEM (XEM) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

When you're happy, make a mouse click onSubmit”. You may be asked for phone/email verification before a withdrawal.

Congrats! You've successfully purchased and stored (XEM) NEM in Papua New Guinea.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (XEM) NEM is stored in your wallet, you're finished.