How to Buy NEM (XEM) in Senegal

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

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and receive your first 10 Dollar.

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

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

Make sure you've chosen the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate (XEM) NEM

As soon as your deposit has been verified, you'll instantly have access to your finances and you can begin buying and trading. To purchase (XEM) NEM on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

To locate NEM (XEM), you'll need to insert the short name of the asset (XEM) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we have highlighted this also. Click on “XEM/BTC” to go ahead.

Step 4 – Buy (XEM) NEM

Once you have found (XEM) NEM, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to create our own Limit Order.

The field with the “Price” tag will be filled with the recent price NEM (XEM) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of XEM you wish to buy. The “Total” field is the whole price in BTC that you'll settle for the complete quantity of XEM.

If you are glad, click on “Buy XEM”. Your plan will be filled when a Vender trades their XEM for the price you gave.

Step 5 – Withdraw (XEM) NEM

Unless you're frequently trading, never keep your crypto coins on an Exchange for an extensive period of time. To take off your NEM (XEM), hover over the “Funds” tab and click on “Withdraw”. (XEM) NEM can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XEM) NEM by using the given drop-down box. Enter the quantity of NEM (XEM) you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you are glad, click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Congratulations! You have successfully bought and stored NEM (XEM) in Senegal.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (XEM) NEM is safe inside your wallet, you are all done.