How to Buy NEM (XEM) in South Africa

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

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

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and to get your welcome 10 Dollar.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. NEM (XEM) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

Make sure you have chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate (XEM) NEM

Once your deposit has been verified, you will directly have access to your funds and you can start buying and trading. To invest in NEM (XEM) on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”.

To locate (XEM) NEM, you will need to insert the shortname of the coin (XEM) into the search-box, which is marked in the graphic. Be certain of having selected the right pairing, we have highlighted this also. Click on “XEM/BTC” to go ahead.

Step 4 – Acquisition of NEM (XEM)

Once you have discovered (XEM) NEM, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are creating our own Limit Order.

The field with the “Price” tag will be filled with the most latest tariff NEM (XEM) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of XEM you like to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of XEM.

If you're satisfied, click on “Buy XEM”. Your order will be filled when a Vender sells their XEM for the price you offered.

Step 5 – Withdraw NEM (XEM)

Unless you're frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your NEM (XEM), hover over the tab called “Funds” and mouse click on “Withdraw”. (XEM) NEM can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification before a withdrawal.

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

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the (XEM) NEM is stored inside your wallet, you are done.