A Step-by-Step-Guide on how to buy NEM (XEM) in Mali
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and to get your first 10$.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate NEM (XEM) Once your deposit has been confirmed, you will immediately have access to your funds and you can start buying and trading. To buy NEM (XEM) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to find NEM (XEM), you'll need to put the cointype (XEM) into the search box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we have highlighted this also. Click on “XEM/BTC” to progress.
Step 4 – Acquisition of NEM (XEM) Once you have spotted (XEM) NEM, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we are going to make our Limit Order. The “Price” field will be automatically filled with the recent valuation (XEM) NEM was traded for. This can be changed to your preferred price. The “Amount” field is the quantity of XEM you like to buy. The “Total” field is the total price in Bitcoin that you will pay for the whole volumen of XEM. When you're happy, click on “Buy XEM”. Your order will be filled as soon as a Seller trades their XEM for the price you offered.
Step 5 – Withdraw (XEM) NEM Unless you're regularly trading, never keep your coins on an Crypto Exchange for an extensive time frame. In order to take off your NEM (XEM), hover over the tab called “Funds” and mouse click on “Withdraw”. NEM (XEM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEM) NEM by using the provided drop-down box. Enter the quantity of NEM (XEM) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, click on “Submit”. You may be requested for verfication via email/phone before a take off.