How to Buy NEM (XEM) in Norfolk Island

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

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

You'll first need to buy units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below to register and to get your first 10 Dollar.

Step 2 – Transfer Your Funds to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. NEM (XEM) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

Make sure you have selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find (XEM) NEM

As soon as your deposit has been approved, you will now have access to your finances and you can begin buying and trading. To buy (XEM) NEM on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

In order to locate (XEM) NEM, you will need to put the cointype (XEM) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we've highlighted this also. Click on “XEM/BTC” to continue.

Step 4 – Purchase NEM (XEM)

As soon as you have found NEM (XEM), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are making our own Limit Order.

The field with the “Price” tag will be filled with the latest rate NEM (XEM) was sold for. You can change this to your favoured price. The “Amount” field is the amount of XEM you want to purchase. The “Total” field is the whole price in BTC that you will settle for the whole amount of XEM.

When you're glad, click on “Buy XEM”. Your order will be filled when a Seller trades their XEM for the price you gave.

Step 5 – Withdraw (XEM) NEM

Unless you are regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive time period. To take off your NEM (XEM), hover over the tab called “Funds” and click on “Withdraw”. (XEM) NEM can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.

Congrats! You've successfully bought and stored (XEM) NEM in Norfolk Island.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the (XEM) NEM is stored inside your wallet, you are finished.