How to Buy NEM (XEM) in Australia

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

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to buy one of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and getting your welcome 10 Dollar.

Step 2 – Transfer Your Funds to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you have selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find NEM (XEM)

As soon as your deposit has been confirmed, you'll now have access to your assets and you can begin buying and trading. To invest in (XEM) NEM on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to discover NEM (XEM), you'll need to insert the shortname of the coin (XEM) into the search-box, which is marked in the picture. Be certain of having selected the proper pairing, we have highlighted this also. Click on “XEM/BTC” to continue.

Step 4 – Buying (XEM) NEM

Once you've discovered (XEM) NEM, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date rate NEM (XEM) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of XEM you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of XEM.

If you're glad, click on “Buy XEM”. Your order will be filled as soon as a Seller trades their XEM for the price you offered.

Step 5 – Withdraw (XEM) NEM

Unless you are trading, never keep your coins on an Crypto Exchange for an longer time frame. In order to take off your (XEM) NEM, hover over the “Funds” tab and click on “Withdraw”. NEM (XEM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find NEM (XEM) by using the provided drop-down box. Put into the quantity of NEM (XEM) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address.

If you are glad, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Congrats! You have successfully purchased and safed NEM (XEM) in Australia.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (XEM) NEM is stored inside your wallet, you are done.