A Step-by-Step-Guide on how to buy NEM (XEM) in Cuba
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and getting your welcome 10 Dollar.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader 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. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate NEM (XEM) As soon as your deposit has been confirmed, you'll now have access to your funds and you can initiate invest and trading. To buy NEM (XEM) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. To spot (XEM) NEM, you'll need to put the cointype (XEM) into the search box, which is marked in the image. Make sure you have selected the right pairing, we've marked this too. Click on “XEM/BTC” to go ahead.
Step 4 – Buy NEM (XEM) Once you've discovered (XEM) NEM, you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order. The “Price” field will be automatically filled with the most latest price (XEM) NEM was sold for. You can change this to your favoured rate. The “Amount” field is the quantity of XEM you want to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the complete quantity of XEM. When you are glad, make a mouse click on “Buy XEM”. Your order will be filled when a Vender trades their XEM for the price you introduced.
Step 5 – Withdraw (XEM) NEM Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive time frame. In order to take off your (XEM) NEM, hover over the tab called “Funds” and click on “Withdraw”. NEM (XEM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate NEM (XEM) by using the given drop-down box. Drop in the amount of NEM (XEM) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you're glad, click on “Submit”. You may be asked for phone/email verification before a take off.