A Step-by-Step-Guide on how to buy NEM (XEM) in Anguilla
Step 1 – Join Coinbase and recieve 10$ for free You will first need to buy units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and getting your welcome $10.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (XEM) NEM Once your deposit has been approved, you will immediately have access to your funds and you can begin purchasing and trading. To buy (XEM) NEM on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to find NEM (XEM), you'll need to insert the shortname of the coin (XEM) into the search-box, which is marked in the picture. Make sure you have choosen the correct grouping, we have marked this also. Click on “XEM/BTC” to proceed.
Step 4 – Purchasing NEM (XEM) After you've found NEM (XEM), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to create our own Limit Order. The “Price” field will be filled with the most latest valuation NEM (XEM) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of XEM you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole quantity of XEM. When you are glad, click on “Buy XEM”. Your order will be filled as soon as a Seller trades their XEM for the price you gave.
Step 5 – Withdraw NEM (XEM) Unless you're regularly trading, best advise is not to keep crypto coins on an Exchange for an extensive time frame. In order to withdraw your NEM (XEM), go to the “Funds” tab and mouse click on “Withdraw”. NEM (XEM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEM) NEM by using the given drop-down box. Put into the volumen of NEM (XEM) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you're satisfied, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.