A Step-by-Step-Guide on how to buy NEM (XEM) in Latvia
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and receive your welcome 10$.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. NEM (XEM) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate (XEM) NEM As soon as your deposit has been approved, you'll directly have access to your funds and you can begin invest and trading. To purchase NEM (XEM) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate NEM (XEM), you will need to insert the short name of the asset (XEM) into the search-box, which is marked in the picture. Be certain of having selected the proper pairing, we've marked this also. Click on “XEM/BTC” to go on.
Step 4 – Buy (XEM) NEM After you've found (XEM) NEM, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are making our own Limit Order. The “Price” field will be filled with the most latest rate (XEM) NEM was traded for. You can change this to your desired rate. The “Amount” field is the amount of XEM you want to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the whole amount of XEM. If you're satisfied, make a mouse click on “Buy XEM”. Your plan will be filled when a Vendor sells their XEM for the price you introduced.
Step 5 – Withdraw (XEM) NEM Unless you're frequently trading, you should never keepyour crypto on an Exchange for an longer time period. To withdraw your NEM (XEM), go to the tab called “Funds” and mouse click on “Withdraw”. NEM (XEM) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEM) NEM by using the given drop-down box. Drop in the quantity of (XEM) NEM you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.