How to Buy NEM (XEM) in Azerbaijan

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

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to buy one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome 10 Dollar.

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. 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 this how-to)

Make sure you've chosen the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find (XEM) NEM

Once your deposit has been affirmed, you will now have access to your assets and you can commence buying and trading. To invest in NEM (XEM) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

To find (XEM) NEM, you will need to put the shortname of the coin (XEM) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we've highlighted this too. Click on “XEM/BTC” to continue.

Step 4 – Acquisition of NEM (XEM)

After you've located NEM (XEM), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're creating our Limit Order.

The “Price” field will be automatically filled with the latest price NEM (XEM) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of XEM you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole quantity of XEM.

When you are satisfied, make a mouse click on “Buy XEM”. Your plan will be filled when a Vender sells their XEM for the price you offered.

Step 5 – Withdraw NEM (XEM)

Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your NEM (XEM), go to the tab called “Funds” and click on “Withdraw”. (XEM) NEM can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XEM) NEM by using the given drop-down box. Enter the amount of (XEM) NEM you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

If you're satisfied, click on “Submit”. You may be requested for email/phone verification ahead of a take off.

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

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the NEM (XEM) is stored inside your wallet, you are done.