A Step-by-Step-Guide on how to buy NEM (XEM) in Canada
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome 10 Dollar.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find (XEM) NEM Once your deposit has been confirmed, you will directly have access to your finances and you can commence buying and trading. To purchase NEM (XEM) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. To locate (XEM) NEM, you'll need to insert the shortname of the coin (XEM) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we've highlighted this too. Click on “XEM/BTC” to go on.
Step 4 – Purchasing NEM (XEM) After you've found NEM (XEM), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're making our Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation NEM (XEM) was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of XEM you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole volumen of XEM. If you're happy, click on “Buy XEM”. Your order will be filled as soon as a Vendor sells their XEM for the price you gave.
Step 5 – Withdraw (XEM) NEM Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. In order to withdraw your (XEM) NEM, hover over the tab called “Funds” and mouse click on “Withdraw”. NEM (XEM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XEM) NEM by using the given drop-down box. Drop in the volumen of (XEM) NEM you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you are happy, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.