A Step-by-Step-Guide on how to buy NEM (XEM) in Philippines
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and to get your first $10.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. NEM (XEM) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate (XEM) NEM As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can begin purchasing and trading. To invest in (XEM) NEM on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to spot NEM (XEM), you will need to put the short name of the asset (XEM) into the search-box, which is highlighted in the image. Make sure you have selected the proper pairing, we have highlighted this also. Click on “XEM/BTC” to go on.
Step 4 – Purchase NEM (XEM) As soon as you have spotted NEM (XEM), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're creating our Limit Order. The “Price” field will be automatically filled with the up-to-date price (XEM) NEM was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of XEM you want to purchase. The “Total” field is the whole price in Bitcoin that you'll settle for the whole quantity of XEM. If you're happy, click on “Buy XEM”. Your order will be filled as soon as a Vendor trades their XEM for the price you gave.
Step 5 – Withdraw NEM (XEM) Unless you're regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time period. To withdraw your NEM (XEM), go to the “Funds” tab and mouse click on “Withdraw”. NEM (XEM) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEM) NEM by using the given drop-down box. Put into the volumen of (XEM) NEM you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.