A Step-by-Step-Guide on how to buy NEM (XEM) in New Caledonia
Step 1 – Join Coinbase and get 10$ for free You will first need to buy one of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and to get your first 10$.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. NEM (XEM) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate (XEM) NEM Once your deposit has been affirmed, you'll directly have access to your assets and you can launch purchasing and trading. To invest in NEM (XEM) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To locate NEM (XEM), you'll need to insert the shortname of the coin (XEM) into the search box, which is highlighted in the picture. Be certain of having choosen the right pairing, we've highlighted this also. Click on “XEM/BTC” to advance.
Step 4 – Purchasing NEM (XEM) After you have discovered (XEM) NEM, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation NEM (XEM) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of XEM you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of XEM. If you're happy, make a mouse click on “Buy XEM”. Your order will be filled when a Vendor trades their XEM for the price you gave.
Step 5 – Withdraw (XEM) NEM Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your NEM (XEM), hover over the tab called “Funds” and mouse click on “Withdraw”. NEM (XEM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate NEM (XEM) by using the given drop-down box. Put into the amount of NEM (XEM) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are glad, click on “Submit”. You could be asked for verfication via phone/email before a take off.