How to Buy NEM (XEM) in Uruguay

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to buy one of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and receive your welcome $10.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate (XEM) NEM

Once your deposit has been approved, you will now have access to your funds and you can begin invest and trading. To invest in NEM (XEM) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

To find (XEM) NEM, you'll need to put the cointype (XEM) into the search box, which is marked in the image. Be certain of having selected the proper pairing, we've highlighted this too. Click on “XEM/BTC” to continue.

Step 4 – Buying NEM (XEM)

After you have located NEM (XEM), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are creating our own Limit Order.

The “Price” field will be automatically filled with the most latest tariff NEM (XEM) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of XEM you want to purchase. The “Total” field is the total price in BTC that you will pay for the complete quantity of XEM.

If you are satisfied, make a mouse click on “Buy XEM”. Your order will be filled when a Vender sells their XEM for the price you introduced.

Step 5 – Withdraw NEM (XEM)

Unless you're frequently trading, best advise is not to keep your crypto coins on an Exchange for an extensive time frame. To take off your NEM (XEM), go to the tab called “Funds” and mouse click on “Withdraw”. NEM (XEM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XEM) NEM by using the given drop-down box. Enter the amount of NEM (XEM) you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

If you're happy, click “Submit”. You may be requested for verfication via phone/email ahead of a take off.

Congrats! You have successfully purchased and stored NEM (XEM) in Uruguay.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (XEM) NEM is safe in your wallet, you are all done.