A Step-by-Step-Guide on how to buy NEM (XEM) in Oman
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy one of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and to get your first 10$.
Step 2 – Transmit Your Funds to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. NEM (XEM) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (XEM) NEM As soon as your deposit has been confirmed, you will instantly have access to your finances and you can begin purchasing and trading. To purchase NEM (XEM) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To discover NEM (XEM), you'll need to insert the shortname of the coin (XEM) into the search box, which is highlighted in the image. Make sure you have selected the correct grouping, we have highlighted this also. Click on “XEM/BTC” to progress.
Step 4 – Purchase (XEM) NEM After you have found NEM (XEM), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're going to create our Limit Order. The “Price” field will be filled automatically with the most recent valuation NEM (XEM) was traded for. This can be changed to your preferred rate. The “Amount” field is the quantity of XEM you wish to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of XEM. When you're glad, click on “Buy XEM”. Your order will be filled as soon as a Seller sells their XEM for the price you gave.
Step 5 – Withdraw NEM (XEM) Unless you're regularly trading, never keep your coins on an Crypto Trader for an extensive time period. To take off your NEM (XEM), hover over the tab called “Funds” and mouse click on “Withdraw”. (XEM) NEM can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XEM) NEM by using the provided drop-down box. Drop in the quantity of NEM (XEM) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. When you're glad, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.