How to Buy NEM (XEM) in Somalia

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

Step 1 – Join Coinbase – Get Free $10

You'll first need to buy one of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and receive your welcome 10 Dollar.

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. NEM (XEM) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

Make sure you have selected the exact coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate (XEM) NEM

Once your deposit has been affirmed, you'll immediately have access to your finances and you can start buying and trading. To buy (XEM) NEM on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”.

In order to locate NEM (XEM), 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 grouping, we've highlighted this too. Click on “XEM/BTC” to advance.

Step 4 – Buy NEM (XEM)

As soon as you have discovered (XEM) NEM, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order.

The “Price” field will be filled with the up-to-date valuation (XEM) NEM was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of XEM you wish to buy. The “Total” field is the total price in BTC that you'll settle for the whole volumen of XEM.

If you're happy, click on “Buy XEM”. Your plan will be filled as soon as a Vendor sells their XEM for the price you offered.

Step 5 – Withdraw NEM (XEM)

Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. In order to take off your NEM (XEM), hover over the tab called “Funds” and click on “Withdraw”. NEM (XEM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find NEM (XEM) by using the given drop-down box. Drop in the quantity of NEM (XEM) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you're glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Congratulations! You have successfully bought and safed (XEM) NEM in Somalia.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the (XEM) NEM is safe within your wallet, you're all done.