How to Buy NEM (XEM) in Monaco

A Step-by-Step-Guide on how to buy NEM (XEM) in Monaco

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome $10.

Step 2 – Transfer Your Funds to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you've selected the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate (XEM) NEM

As soon as your deposit has been confirmed, you will immediately have access to your assets and you can commence buying and trading. To purchase (XEM) NEM on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

To locate (XEM) NEM, you will need to put the cointype (XEM) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we've highlighted this too. Click on “XEM/BTC” to continue.

Step 4 – Acquisition of (XEM) NEM

As soon as you have located NEM (XEM), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest tariff NEM (XEM) was traded for. You can change this to your preferred price. The “Amount” field is the amount of XEM you like to buy. The “Total” field is the whole price in BTC that you will pay for the whole amount of XEM.

If you're happy, click on “Buy XEM”. Your order will be filled as soon as a Vender sells their XEM for the price you submitted.

Step 5 – Withdraw (XEM) NEM

Unless you're regularly trading, never keep your coins on an Crypto Trader for an extensive time frame. To take off your (XEM) NEM, hover over the tab called “Funds” and click on “Withdraw”. NEM (XEM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate NEM (XEM) by using the provided drop-down box. Enter the volumen of (XEM) NEM you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you're glad, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Congrats! You have successfully bought and safed (XEM) NEM in Monaco.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the (XEM) NEM is safe in your wallet, you're all done.