How to Buy NEM (XEM) in Palau

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

Step 1 – Join Coinbase – Get Free $10

You will first need to purchase one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and to get your welcome 10$.

Step 2 – Transfer Your Funds to an Crypto Trader

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

Make sure you've chosen the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate NEM (XEM)

Once your deposit has been confirmed, you'll directly have access to your finances and you can begin buying and trading. To invest in (XEM) NEM on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order 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 selected the right grouping, we've marked this also. Click on “XEM/BTC” to go on.

Step 4 – Buy (XEM) NEM

After you have located (XEM) NEM, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). And now we are creating our own Limit Order.

The field with the “Price” tag will be filled with the most recent valuation NEM (XEM) was sold for. This can be changed 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 settle for the complete volumen of XEM.

If you're satisfied, make a mouse click on “Buy XEM”. Your order will be filled when a Vender sells their XEM for the price you gave.

Step 5 – Withdraw (XEM) NEM

Unless you are frequently trading, you should never keepyour coins on an Exchange for an longer time frame. In order to withdraw your NEM (XEM), hover over the tab called “Funds” and click on “Withdraw”. NEM (XEM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find NEM (XEM) by using the given drop-down box. Enter the amount of (XEM) NEM you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Congrats! You've successfully bought and safed NEM (XEM) in Palau.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the NEM (XEM) is safe within your wallet, you are done.