A Step-by-Step-Guide on how to buy NEM (XEM) in Tonga
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive your first $10.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. NEM (XEM) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you've chosen the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find NEM (XEM) As soon as your deposit has been approved, you will now have access to your assets and you can begin buying and trading. To invest in (XEM) NEM on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to find NEM (XEM), you'll need to put the cointype (XEM) into the search-box, which is marked in the graphic. Make sure you have selected the proper grouping, we have marked this too. Click on “XEM/BTC” to progress.
Step 4 – Purchase NEM (XEM) As soon as you have found NEM (XEM), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to create our own Limit Order. The “Price” field will be automatically filled with the latest tariff NEM (XEM) was traded for. This can be changed to your preferred rate. The “Amount” field is the volumen of XEM you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole amount of XEM. If you are glad, click on “Buy XEM”. Your plan will be filled as soon as a Seller trades their XEM for the price you offered.
Step 5 – Withdraw NEM (XEM) Unless you're trading, never keep your crypto coins on an Crypto Trader for an longer time period. To withdraw your NEM (XEM), go to the tab called “Funds” and mouse click on “Withdraw”. NEM (XEM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate NEM (XEM) by using the provided drop-down box. Drop in the quantity of NEM (XEM) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you are satisfied, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.