A Step-by-Step-Guide on how to buy NEM (XEM) in Cook Islands
Step 1 – Signup to Coinbase and recieve 10$ for free You'll first need to buy units of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and receive your first $10.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. NEM (XEM) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find (XEM) NEM Once your deposit has been verified, you will instantly have access to your finances and you can initiate buying and trading. To buy (XEM) NEM on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. In order to locate (XEM) NEM, you will need to put the cointype (XEM) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we've highlighted this too. Click on “XEM/BTC” to go on.
Step 4 – Purchase (XEM) NEM As soon as you've located NEM (XEM), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to make our Limit Order. The “Price” field will be filled with the most latest valuation NEM (XEM) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of XEM you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete quantity of XEM. When you are glad, make a mouse click on “Buy XEM”. Your plan will be filled as soon as a Seller sells their XEM for the price you offered.
Step 5 – Withdraw NEM (XEM) Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive time frame. In order to take off your NEM (XEM), go to the tab called “Funds” and click on “Withdraw”. (XEM) NEM can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEM) NEM by using the provided drop-down box. Put into the quantity of NEM (XEM) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.