A Step-by-Step-Guide on how to buy NEM (XEM) in Papua New Guinea
Step 1 – Signup to Coinbase and get 10$ for free You will first need to buy one of the major coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and to get your welcome $10.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. 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 Crypto Exchange? (Follow these easy steps) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate (XEM) NEM As soon as your deposit has been approved, you'll directly have access to your assets and you can start invest and trading. To purchase NEM (XEM) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To locate NEM (XEM), you'll need to put the shortname of the coin (XEM) into the search box, which is highlighted in the picture. Be certain of having selected the correct pairing, we have highlighted this too. Click on “XEM/BTC” to progress.
Step 4 – Acquisition of NEM (XEM) After you've spotted NEM (XEM), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are making our Limit Order. The “Price” field will be automatically filled with the up-to-date price NEM (XEM) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of XEM you want to purchase. The “Total” field is the total price in BTC that you will pay for the whole quantity of XEM. When you're happy, click on “Buy XEM”. Your order will be filled when a Seller trades their XEM for the price you gave.
Step 5 – Withdraw (XEM) NEM Unless you're frequently trading, best advise is not to keep coins on an Exchange for an extensive period of time. To take off your (XEM) NEM, hover over the tab called “Funds” and mouse click on “Withdraw”. NEM (XEM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (XEM) NEM by using the given drop-down box. Enter the amount of NEM (XEM) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you're happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.