A Step-by-Step-Guide on how to buy NEM (XEM) in Panama
Step 1 – Signup to Coinbase – Get Free $10 You will first need to purchase one of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and to get your welcome 10 Dollar.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate (XEM) NEM As soon as your deposit has been verified, you will immediately have access to your funds and you can start invest and trading. To invest in (XEM) NEM on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”. In order to find NEM (XEM), you will need to put the short name of the asset (XEM) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this also. Click on “XEM/BTC” to go on.
Step 4 – Acquisition of (XEM) NEM Once you have found (XEM) NEM, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to create our Limit Order. The field with the “Price” tag will be automatically filled with the latest valuation (XEM) NEM was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of XEM you wish to purchase. The “Total” field is the aggregated price in BTC that you will pay for the complete volumen of XEM. When you are glad, click on “Buy XEM”. Your order will be filled as soon as a Vender sells their XEM for the price you introduced.
Step 5 – Withdraw NEM (XEM) Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extended time period. In order to withdraw your (XEM) NEM, go to the “Funds” tab and click on “Withdraw”. NEM (XEM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find NEM (XEM) by using the given drop-down box. Drop in the amount of NEM (XEM) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, click “Submit”. You could be requested for email/phone verification before a withdrawal.