How to Buy NEM (XEM) in Uganda

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

Step 1 – Join Coinbase and recieve 10$ for free

You will first need to buy units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and getting your first 10$.

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. NEM (XEM) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

Make sure you have selected the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're 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'll directly have access to your finances and you can begin purchasing and trading. To purchase (XEM) NEM on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to spot NEM (XEM), you'll need to insert the shortname of the coin (XEM) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we have highlighted this also. Click on “XEM/BTC” to advance.

Step 4 – Purchase NEM (XEM)

After you have spotted (XEM) NEM, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are creating our Limit Order.

The field with the “Price” tag will be filled automatically with the latest price (XEM) NEM was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of XEM you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of XEM.

When you're glad, click on “Buy XEM”. Your order will be filled when a Vendor sells their XEM for the price you introduced.

Step 5 – Withdraw NEM (XEM)

Unless you are frequently trading, best advise is not to keep coins on an Exchange for an longer time frame. In order to take off your (XEM) NEM, hover over the “Funds” tab and mouse click on “Withdraw”. (XEM) NEM can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are happy, make a mouse click on “Submit”. You could be requested for phone/email verification before a take off.

Congrats! You've successfully purchased and stored (XEM) NEM in Uganda.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (XEM) NEM is stored within your wallet, you are all done.