How to Buy NEM (XEM) in Nicaragua

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

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and getting your welcome $10.

Coinbase Promo Signup
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. NEM (XEM) is obtainable 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 guide)

Make sure you've chosen the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Binance Signup

Step 3 – Locate (XEM) NEM

Once your deposit has been confirmed, you will instantly have access to your funds and you can initiate buying and trading. To buy NEM (XEM) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to spot (XEM) NEM, you will need to put the cointype (XEM) into the search-box, which is marked in the picture. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “XEM/BTC” to proceed.

Step 4 – Buying NEM (XEM)

As soon as you have located NEM (XEM), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent price (XEM) NEM was traded for. You can change this to your desired price. The “Amount” field is the volumen of XEM you want to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole amount of XEM.

When you are satisfied, click on “Buy XEM”. Your order will be filled as soon as a Seller sells their XEM for the price you introduced.

Step 5 – Withdraw (XEM) NEM

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

Find NEM (XEM) by using the provided drop-down box. Drop in the volumen of (XEM) NEM you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you're glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.

Congrats! You have successfully bought and safed (XEM) NEM in Nicaragua.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (XEM) NEM is stored inside your wallet, you are done.