A Step-by-Step-Guide on how to buy NEM (XEM) in Bermuda
Step 1 – Signup to Coinbase and get 10$ for free You will first need to buy one of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and receive your first 10$.
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your Bitcoin or Ethereum will need 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're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find NEM (XEM) As soon as your deposit has been verified, you will directly have access to your assets and you can begin purchasing and trading. To buy NEM (XEM) on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”. In order to spot NEM (XEM), you will need to insert the short name of the asset (XEM) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “XEM/BTC” to go ahead.
Step 4 – Buying NEM (XEM) After you have spotted (XEM) NEM, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're going to make our Limit Order. The “Price” field will be filled with the most up-to-date tariff (XEM) NEM was sold for. You can change this to your desired rate. The “Amount” field is the volumen of XEM you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole volumen of XEM. If you are satisfied, make a mouse click on “Buy XEM”. Your order will be filled as soon as a Vender trades their XEM for the price you offered.
Step 5 – Withdraw (XEM) NEM Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your (XEM) NEM, go to the “Funds” tab and click on “Withdraw”. (XEM) NEM can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEM) NEM by using the given drop-down box. Drop in the quantity of (XEM) NEM you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you're happy, click “Submit”. You could be requested for phone/email verification before a take off.