How to Buy NEM (XEM) in Andorra

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and getting your first 10$.

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. 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? (Just follow these easy steps)

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

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

Step 3 – Find NEM (XEM)

As soon as your deposit has been affirmed, you will directly have access to your finances and you can launch invest and trading. To invest in (XEM) NEM on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to locate NEM (XEM), you'll need to insert the short name of the asset (XEM) into the search-box, which is highlighted in the image. Make sure you have choosen the right grouping, we've highlighted this also. Click on “XEM/BTC” to proceed.

Step 4 – Purchasing (XEM) NEM

Once you have found NEM (XEM), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are creating our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date rate NEM (XEM) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of XEM you wish to purchase. The “Total” field is the whole price in Bitcoin that you'll settle for the complete quantity of XEM.

If you are happy, make a mouse click on “Buy XEM”. Your plan will be filled when a Vendor trades their XEM for the price you submitted.

Step 5 – Withdraw (XEM) NEM

Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an longer period of time. In order to withdraw your (XEM) NEM, hover over the tab called “Funds” and mouse click on “Withdraw”. (XEM) NEM can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find NEM (XEM) by using the given drop-down box. Put into the amount of NEM (XEM) you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address.

If you are glad, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Congratulations! You have successfully bought and stored NEM (XEM) in Andorra.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (XEM) NEM is safe inside your wallet, you are finished.