A Step-by-Step-Guide on how to buy NEM (XEM) in Svalbard
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to purchase units of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your first 10 Dollar.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. NEM (XEM) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find (XEM) NEM As soon as your deposit has been confirmed, you will instantly have access to your finances and you can launch invest and trading. To invest in NEM (XEM) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to find (XEM) NEM, you'll need to put the shortname of the coin (XEM) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we've highlighted this also. Click on “XEM/BTC” to go on.
Step 4 – Purchase NEM (XEM) Once you've spotted NEM (XEM), you will be given 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 automatically filled with the most latest rate (XEM) NEM was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of XEM you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole amount of XEM. If you are glad, click on “Buy XEM”. Your order will be filled as soon as a Vendor trades their XEM for the price you gave.
Step 5 – Withdraw NEM (XEM) Unless you are trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive time frame. To take off your NEM (XEM), go to the “Funds” tab and mouse click on “Withdraw”. (XEM) NEM can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XEM) NEM by using the given drop-down box. Drop in the amount of NEM (XEM) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you are happy, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.