A Step-by-Step-Guide on how to buy NEM (XEM) in Luxembourg
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and getting your welcome 10$.
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find (XEM) NEM As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can start invest and trading. To purchase NEM (XEM) on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”. To find NEM (XEM), you'll need to put the short name of the asset (XEM) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we have marked this too. Click on “XEM/BTC” to go ahead.
Step 4 – Buying NEM (XEM) Once you have located 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 picture). Next we are going to make our Limit Order. The “Price” field will be filled automatically with the most recent rate NEM (XEM) was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of XEM you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of XEM. When you're glad, make a mouse click on “Buy XEM”. Your order will be filled as soon as a Seller trades their XEM for the price you gave.
Step 5 – Withdraw NEM (XEM) Unless you're frequently trading, best advise is not to keep crypto on an Crypto Trader for an extended period of time. 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) Find (XEM) NEM by using the provided drop-down box. Drop in the volumen of NEM (XEM) you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you are happy, click “Submit”. You may be asked for verfication via email/phone before a take off.