A Step-by-Step-Guide on how to buy NEM (XEM) in Nepal
Step 1 – Signup to Coinbase – Get Free $10 You will first need to purchase one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and to get your first 10$.
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (XEM) NEM As soon as your deposit has been verified, you will immediately have access to your funds and you can commence buying and trading. To purchase (XEM) NEM on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to spot (XEM) NEM, you'll need to insert the shortname of the coin (XEM) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this also. Click on “XEM/BTC” to proceed.
Step 4 – Purchasing NEM (XEM) As soon as you have discovered (XEM) NEM, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the latest tariff NEM (XEM) was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of XEM you want to purchase. The “Total” field is the whole price in BTC that you will pay for the whole amount of XEM. If you are glad, click on “Buy XEM”. Your order will be filled when a Seller sells their XEM for the price you introduced.
Step 5 – Withdraw NEM (XEM) Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive period of time. To take off your (XEM) NEM, go to the “Funds” tab and mouse click on “Withdraw”. (XEM) NEM can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate NEM (XEM) by using the provided drop-down box. Put into the volumen of (XEM) NEM you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.