How to Buy NEM (XEM) in Venezuela

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

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome $10.

Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. NEM (XEM) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate NEM (XEM)

Once your deposit has been verified, you will directly have access to your assets and you can commence invest and trading. To buy (XEM) NEM on Binance, you will want to go to the tab which is calledExchangeand after that click onBasic”.

In order to find (XEM) NEM, you'll need to insert the cointype (XEM) into the search-box, which is highlighted in the image. Be certain of having choosen the right grouping, we've highlighted this also. Click onXEM/BTCto go on.

Step 4 – Purchase NEM (XEM)

After you have spotted NEM (XEM), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are creating our Limit Order.

ThePricefield will be filled with the most recent rate (XEM) NEM was sold for. This can be changed to your desired price. The field with theAmounttag is the volumen of XEM you want to purchase. The field with theTotaltag is the total price in BTC that you'll pay for the complete amount of XEM.

If you are satisfied, make a mouse click onBuy XEM”. Your order will be filled when a Seller trades their XEM for the price you gave.

Step 5 – Withdraw NEM (XEM)

Unless you are frequently trading, never keep your crypto on an Crypto Exchange for an extended time period. To take off your NEM (XEM), hover over the tab calledFundsand click onWithdraw”. (XEM) NEM can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are satisfied, click onSubmit”. You may be asked for phone/email verification before a take off.

Congratulations! You have successfully bought and safed NEM (XEM) in Venezuela.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the NEM (XEM) is stored within your wallet, you are done.