A Step-by-Step-Guide on how to buy NEM (XEM) in Singapore
Step 1 – Join Coinbase – Get Free $10 You will first need to purchase one of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and to get your welcome 10 Dollar.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. NEM (XEM) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find NEM (XEM) Once your deposit has been approved, you will directly have access to your assets and you can begin invest and trading. To purchase (XEM) NEM on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to find (XEM) NEM, you will need to insert the short name of the asset (XEM) into the search box, which is marked in the picture. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “XEM/BTC” to progress.
Step 4 – Acquisition of (XEM) NEM As soon as you've found NEM (XEM), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to create our own Limit Order. The “Price” field will be automatically filled with the most recent rate (XEM) NEM was traded for. This can be changed to your favoured rate. The “Amount” field is the volumen of XEM you want to buy. The “Total” field is the total price in BTC that you will settle for the whole quantity of XEM. If you're satisfied, make a mouse click on “Buy XEM”. Your order will be filled as soon as a Vender sells their XEM for the price you offered.
Step 5 – Withdraw (XEM) NEM Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time frame. To take off your NEM (XEM), go to the “Funds” tab and click on “Withdraw”. (XEM) NEM can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find NEM (XEM) by using the provided drop-down box. Put into the quantity of NEM (XEM) you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.