How to Buy NEM (XEM) in Mongolia

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

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to buy units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive your first $10.

Step 2 – Transmit Your Funds to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. NEM (XEM) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've selected the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find NEM (XEM)

As soon as your deposit has been approved, you'll now have access to your assets and you can begin invest and trading. To buy (XEM) NEM on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

To discover NEM (XEM), you'll need to put the shortname of the coin (XEM) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we have highlighted this too. Click on “XEM/BTC” to go on.

Step 4 – Purchasing NEM (XEM)

As soon as you've discovered (XEM) NEM, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to create our Limit Order.

The field with the “Price” tag will be filled with the most latest price (XEM) NEM was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of XEM you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of XEM.

If you're glad, click on “Buy XEM”. Your plan will be filled as soon as a Seller sells their XEM for the price you introduced.

Step 5 – Withdraw (XEM) NEM

Unless you are trading, never keep your coins on an Crypto Trader for an extensive time frame. To withdraw your NEM (XEM), go to the “Funds” tab and click on “Withdraw”. (XEM) NEM can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are happy, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Congrats! You have successfully bought and stored (XEM) NEM in Mongolia.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the (XEM) NEM is stored within your wallet, you are done.