A Step-by-Step-Guide on how to buy NEM (XEM) in Peru
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and receive your first 10 Dollar.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find (XEM) NEM As soon as your deposit has been approved, you will instantly have access to your finances and you can launch purchasing and trading. To invest in NEM (XEM) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To locate (XEM) NEM, you'll need to put the shortname of the coin (XEM) into the search box, which is highlighted in the image. Make sure you have selected the proper grouping, we have highlighted this also. Click on “XEM/BTC” to advance.
Step 4 – Acquisition of (XEM) NEM As soon as you've spotted NEM (XEM), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're making our Limit Order. The “Price” field will be filled with the recent rate NEM (XEM) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of XEM you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete amount of XEM. When you're happy, click on “Buy XEM”. Your order will be filled when a Vendor trades their XEM for the price you offered.
Step 5 – Withdraw (XEM) NEM Unless you are regularly trading, never keep your crypto coins on an Exchange for an extensive time frame. In order to take off your (XEM) NEM, hover over the tab called “Funds” and click on “Withdraw”. (XEM) NEM can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEM) NEM by using the given drop-down box. Drop in the volumen of (XEM) NEM you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you are glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.