How to Buy NEM (XEM) in Brunei

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

Step 1 – Join Coinbase and get 10$ for free

You'll first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and to get your first 10 Dollar.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. NEM (XEM) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you have chosen the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate NEM (XEM)

Once your deposit has been confirmed, you'll directly have access to your assets and you can commence purchasing and trading. To purchase (XEM) NEM on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

To locate (XEM) NEM, you will need to put the shortname of the coin (XEM) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we've highlighted this also. Click on “XEM/BTC” to go ahead.

Step 4 – Purchasing (XEM) NEM

Once you have found (XEM) NEM, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're making our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date rate (XEM) NEM was traded for. You can change this to your preferred price. The “Amount” field is the quantity of XEM you like to purchase. The “Total” field is the total price in BTC that you'll pay for the complete amount 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 gave.

Step 5 – Withdraw NEM (XEM)

Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your NEM (XEM), hover over the tab called “Funds” and mouse click on “Withdraw”. NEM (XEM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XEM) NEM by using the given drop-down box. Enter the amount of (XEM) NEM you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

When you're happy, click on “Submit”. You may be requested for phone/email verification before a take off.

Kudos! You've successfully bought and stored NEM (XEM) in Brunei.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the NEM (XEM) is safe inside your wallet, you're all done.