How to Buy NEM (XEM) in Belize

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

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

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

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. NEM (XEM) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've chosen the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate (XEM) NEM

Once your deposit has been approved, you'll instantly have access to your finances and you can commence purchasing and trading. To invest in NEM (XEM) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

To spot (XEM) NEM, you'll need to put the cointype (XEM) into the search box, which is marked in the picture. Make sure you have selected the right grouping, we have marked this too. Click on “XEM/BTC” to progress.

Step 4 – Purchasing (XEM) NEM

Once you have discovered NEM (XEM), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're creating our Limit Order.

The field with the “Price” tag will be automatically filled with the latest valuation NEM (XEM) was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of XEM you want to buy. The “Total” field is the total price in BTC that you'll pay for the whole quantity of XEM.

If you're satisfied, make a mouse click on “Buy XEM”. Your plan will be filled when a Vendor sells their XEM for the price you offered.

Step 5 – Withdraw NEM (XEM)

Unless you're frequently trading, never keep your crypto coins on an Exchange for an extensive period of time. In order to withdraw your NEM (XEM), go to the “Funds” tab and mouse click on “Withdraw”. (XEM) NEM can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate NEM (XEM) by using the given drop-down box. Put into the quantity of NEM (XEM) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address.

When you're happy, click “Submit”. You could be requested for verfication via email/phone before a take off.

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

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the (XEM) NEM is stored within your wallet, you are done.