A Step-by-Step-Guide on how to buy NEM (XEM) in Liechtenstein
Step 1 –
Join Coinbase and get 10$ for free
In the beginning you'll need to buy units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and to get your welcome 10$.
Step 2 –
Transfer Your Bitcoin or Ethereum to an Crypto Exchange
Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. NEM (XEM) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual)
Make sure you have chosen the correct coin you would like to deposit.
BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 –
Locate (XEM) NEM
As soon as your deposit has been confirmed, you'll directly have access to your finances and you can launch invest and trading. To purchase (XEM) NEM on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.
To find (XEM) NEM, you will need to put the short name of the asset (XEM) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “XEM/BTC” to progress.
Step 4 –
Purchasing (XEM) NEM
After you've located NEM (XEM), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are making our Limit Order.
The “Price” field will be filled with the most latest valuation (XEM) NEM was sold for. You can change this to your favoured price. The “Amount” field is the amount of XEM you wish to purchase. The “Total” field is the whole price in Bitcoin that you'll pay for the whole volumen of XEM.
If you are glad, make a mouse click on “Buy XEM”. Your order will be filled as soon as a Vender sells their XEM for the price you submitted.
Step 5 –
Withdraw NEM (XEM)
Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer time period. In order to withdraw your (XEM) NEM, go to the “Funds” tab and click on “Withdraw”. (XEM) NEM can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)
Locate (XEM) NEM by using the provided drop-down box. Enter the quantity of (XEM) NEM you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.
If you are satisfied, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.
