A Step-by-Step-Guide on how to buy NEM (XEM) in Sint Maarten
Step 1 – Join Coinbase and get 10$ for free You will first need to purchase one of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and getting your first 10 Dollar.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. NEM (XEM) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find NEM (XEM) As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can start purchasing and trading. To invest in NEM (XEM) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate (XEM) NEM, you'll need to insert the cointype (XEM) into the search box, which is marked in the image. Make sure you have selected the correct grouping, we've marked this too. Click on “XEM/BTC” to go on.
Step 4 – Buying (XEM) NEM After 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). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date valuation NEM (XEM) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of XEM you wish to buy. The “Total” field is the whole price in Bitcoin that you will settle for the whole quantity of XEM. When you are satisfied, click on “Buy XEM”. Your order will be filled as soon as a Vender trades their XEM for the price you introduced.
Step 5 – Withdraw NEM (XEM) Unless you're trading, you should never keepyour crypto coins on an Exchange for an extended time frame. In order to take off your (XEM) NEM, hover over the tab called “Funds” and mouse click on “Withdraw”. (XEM) NEM can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XEM) NEM by using the provided drop-down box. Enter the volumen of (XEM) NEM you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you're glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.