A Step-by-Step-Guide on how to buy NEM (XEM) in Maldives
Step 1 – Join Coinbase and get 10$ for free You'll first need to buy units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and getting your first $10.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. NEM (XEM) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate NEM (XEM) As soon as your deposit has been confirmed, you'll immediately have access to your assets and you can commence purchasing and trading. To invest in (XEM) NEM on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to find (XEM) NEM, you will need to insert the cointype (XEM) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we have marked this too. Click on “XEM/BTC” to go on.
Step 4 – Buy NEM (XEM) After you've found NEM (XEM), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to make our own Limit Order. The “Price” field will be automatically filled with the recent price (XEM) NEM was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of XEM you wish to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole amount of XEM. When you're satisfied, make a mouse click on “Buy XEM”. Your plan will be filled as soon as a Vender trades their XEM for the price you submitted.
Step 5 – Withdraw (XEM) NEM Unless you are trading, best advise is not to keep your crypto on an Crypto Trader for an extensive period of time. To take off your NEM (XEM), hover over the tab called “Funds” and mouse click on “Withdraw”. (XEM) NEM can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEM) NEM by using the given drop-down box. Drop in the amount of NEM (XEM) you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you're glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.