How to Buy NEM (XEM) in Chile

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

Step 1 – Join Coinbase and recieve 10$ for free

You will first need to purchase units of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first 10 Dollar.

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. NEM (XEM) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you have selected the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate NEM (XEM)

Once your deposit has been confirmed, you will now have access to your funds and you can start invest and trading. To buy NEM (XEM) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to find NEM (XEM), you'll need to insert the cointype (XEM) into the search-box, which is marked in the image. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “XEM/BTC” to progress.

Step 4 – Buy (XEM) NEM

As soon as you've discovered NEM (XEM), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order.

The “Price” field will be filled with the up-to-date valuation NEM (XEM) was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of XEM you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete volumen of XEM.

When you're satisfied, click on “Buy XEM”. Your order will be filled as soon as a Vendor sells their XEM for the price you introduced.

Step 5 – Withdraw (XEM) NEM

Unless you are trading, you should never keepyour coins on an Exchange for an extensive time frame. To take off your (XEM) NEM, go to the tab called “Funds” and click on “Withdraw”. NEM (XEM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find NEM (XEM) by using the provided drop-down box. Put into the volumen of NEM (XEM) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

If you're satisfied, click on “Submit”. You could be requested for phone/email verification ahead of a take off.

Congrats! You've successfully purchased and safed (XEM) NEM in Chile.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (XEM) NEM is stored in your wallet, you're done.