A Step-by-Step-Guide on how to buy NEM (XEM) in Bahrain
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to purchase units of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and receive your welcome $10.
Step 2 – Transfer Your Funds to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. NEM (XEM) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you've chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find NEM (XEM) As soon as your deposit has been approved, you'll immediately have access to your funds and you can initiate purchasing and trading. To purchase (XEM) NEM on Binance, you'll want to go to the “Exchange” tab and after that 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 correct grouping, we've highlighted this too. Click on “XEM/BTC” to go on.
Step 4 – Purchase NEM (XEM) Once you have located NEM (XEM), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we are creating our Limit Order. The “Price” field will be filled with the latest tariff (XEM) NEM was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of XEM you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete amount of XEM. If you are happy, click on “Buy XEM”. Your order will be filled when a Seller sells their XEM for the price you offered.
Step 5 – Withdraw (XEM) NEM Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended period of time. In order to take off your (XEM) NEM, hover over the “Funds” tab and mouse click on “Withdraw”. (XEM) NEM can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEM) NEM by using the given drop-down box. Put into the quantity of NEM (XEM) you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.