How to Buy NEM (XEM) in Montserrat

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

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first 10 Dollar.

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

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

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find (XEM) NEM

Once your deposit has been approved, you will now have access to your funds and you can commence invest and trading. To purchase (XEM) NEM on Binance, you will want to hover over theExchangetab and after that mouse click onBasic”.

To locate (XEM) NEM, you will need to insert the shortname of the coin (XEM) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have highlighted this also. Click onXEM/BTCto go ahead.

Step 4 – Buy (XEM) NEM

Once you have located (XEM) NEM, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we're creating our own Limit Order.

The field with thePricetag will be filled with the latest tariff NEM (XEM) was traded for. This can be changed to your preferred rate. The field with theAmounttag is the amount of XEM you wish to purchase. TheTotalfield is the aggregated price in Bitcoin that you'll pay for the complete quantity of XEM.

When you are satisfied, click onBuy XEM”. Your order will be filled as soon as a Seller trades their XEM for the price you submitted.

Step 5 – Withdraw (XEM) NEM

Unless you are frequently trading, best advise is not to keep your coins on an Exchange for an extensive period of time. In order to withdraw your (XEM) NEM, go to theFundstab and mouse click onWithdraw”. (XEM) NEM can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XEM) NEM by using the given drop-down box. Enter the amount of (XEM) NEM you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address.

If you are glad, clickSubmit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Kudos! You've successfully purchased and stored (XEM) NEM in Montserrat.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (XEM) NEM is safe inside your wallet, you're done.