How to Buy NEM (XEM) in New Zealand

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

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

In the beginning you'll need to purchase units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and receive your first $10.

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. NEM (XEM) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to)

Make sure you have chosen the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate (XEM) NEM

Once your deposit has been approved, you'll instantly have access to your finances and you can start purchasing and trading. To purchase (XEM) NEM on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To locate (XEM) NEM, you will need to insert the shortname of the coin (XEM) into the search box, which is marked in the image. Be certain of having choosen the proper grouping, we have marked this too. Click on “XEM/BTC” to continue.

Step 4 – Purchase (XEM) NEM

As soon as you have located NEM (XEM), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to create our own Limit Order.

The “Price” field will be filled automatically with the most recent price NEM (XEM) was sold for. This can be changed to your preferred price. The “Amount” field is the amount of XEM you like to purchase. The “Total” field is the aggregated price in BTC that you will settle for the whole quantity of XEM.

When you are glad, make a mouse click on “Buy XEM”. Your order will be filled when a Seller trades their XEM for the price you submitted.

Step 5 – Withdraw (XEM) NEM

Unless you are trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer time period. To withdraw your NEM (XEM), hover over the “Funds” tab and mouse click on “Withdraw”. (XEM) NEM can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XEM) NEM by using the provided drop-down box. Enter the quantity of NEM (XEM) you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Kudos! You've successfully purchased and stored NEM (XEM) in New Zealand.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the NEM (XEM) is stored inside your wallet, you're finished.