A Step-by-Step-Guide on how to buy NEM (XEM) in Pitcairn Islands
Step 1 – Join Coinbase and recieve 10$ for free You will first need to buy one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and getting your first 10 Dollar.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. NEM (XEM) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate NEM (XEM) Once your deposit has been confirmed, you'll immediately have access to your funds and you can launch purchasing and trading. To purchase NEM (XEM) on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”. In order to locate NEM (XEM), you will need to put the shortname of the coin (XEM) into the search box, which is highlighted in the image. Be certain of having choosen the right pairing, we've marked this too. Click on “XEM/BTC” to proceed.
Step 4 – Purchasing (XEM) NEM After you've found (XEM) NEM, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're going to create our own Limit Order. The “Price” field will be filled with the latest valuation (XEM) NEM was traded 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 aggregated price in Bitcoin that you'll settle for the complete volumen of XEM. If you are happy, make a mouse click on “Buy XEM”. Your plan will be filled when a Seller trades their XEM for the price you gave.
Step 5 – Withdraw NEM (XEM) Unless you're regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your NEM (XEM), hover over the tab called “Funds” and mouse click on “Withdraw”. NEM (XEM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate NEM (XEM) by using the given drop-down box. Enter the quantity of (XEM) NEM you would wish to withdraw. Don't forget the displayed fees/minimums. 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 before a withdrawal.