How to Buy NEM (XEM) in Benin

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

Step 1 – Join Coinbase and recieve 10$ for free

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

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find (XEM) NEM

Once your deposit has been affirmed, you will now have access to your finances and you can initiate purchasing and trading. To purchase NEM (XEM) on Binance, you will want to hover over the tab which is calledExchangeand after that mouse click onBasic”.

In order to spot NEM (XEM), you'll need to put the short name of the asset (XEM) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we have highlighted this also. Click onXEM/BTCto progress.

Step 4 – Purchasing NEM (XEM)

Once you've spotted NEM (XEM), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're making our Limit Order.

ThePricefield will be automatically filled with the recent tariff NEM (XEM) was sold for. This can be changed to your desired price. TheAmountfield is the quantity of XEM you wish to buy. The field with theTotaltag is the whole price in Bitcoin that you'll pay for the complete amount of XEM.

If you are satisfied, click onBuy XEM”. Your order will be filled when a Vender trades their XEM for the price you offered.

Step 5 – Withdraw (XEM) NEM

Unless you are frequently trading, best advise is not to keep your crypto on an Exchange for an extensive time period. In order to take off your NEM (XEM), go to the tab calledFundsand click onWithdraw”. NEM (XEM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find NEM (XEM) by using the provided drop-down box. Put into the quantity of (XEM) NEM you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you are glad, make a mouse click onSubmit”. You may be asked for verfication via email/phone before a take off.

Kudos! You've successfully bought and stored NEM (XEM) in Benin.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal using Etherscan.io or Ethplorer.io and the NEM (XEM) is stored within your wallet, you are finished.