A Step-by-Step-Guide on how to buy NEM (XEM) in Barbados
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your first $10.
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. NEM (XEM) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate NEM (XEM) Once your deposit has been affirmed, you will immediately have access to your funds and you can begin buying and trading. To buy (XEM) NEM on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to discover NEM (XEM), you'll need to put the shortname of the coin (XEM) into the search-box, which is marked in the image. Be certain of having choosen the proper grouping, we have marked this too. Click on “XEM/BTC” to advance.
Step 4 – Purchase (XEM) NEM Once you have discovered NEM (XEM), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're making our Limit Order. The “Price” field will be filled with the most latest tariff (XEM) NEM was traded for. You can change this to your desired price. The “Amount” field is the amount of XEM you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete amount of XEM. If you are happy, make a mouse click on “Buy XEM”. Your order will be filled when a Vendor trades their XEM for the price you gave.
Step 5 – Withdraw NEM (XEM) Unless you're trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your (XEM) NEM, hover over the “Funds” tab and click on “Withdraw”. (XEM) NEM can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XEM) NEM by using the provided drop-down box. Enter the amount of (XEM) NEM you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, click on “Submit”. You may be asked for phone/email verification before a take off.