A Step-by-Step-Guide on how to buy NEM (XEM) in Rwanda
Step 1 – Join Coinbase and get 10$ for free You will first need to purchase one of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first 10 Dollar.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto 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. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate (XEM) NEM Once your deposit has been verified, you will directly have access to your assets and you can begin purchasing and trading. To buy (XEM) NEM on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To discover (XEM) NEM, you will need to put the cointype (XEM) into the search box, which is marked in the graphic. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “XEM/BTC” to continue.
Step 4 – Buy (XEM) NEM Once you've found NEM (XEM), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're making our Limit Order. The “Price” field will be filled with the up-to-date tariff (XEM) NEM was traded for. You can change this to your preferred price. The “Amount” field is the amount of XEM you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of XEM. If you are satisfied, make a mouse click on “Buy XEM”. Your plan will be filled as soon as a Seller sells their XEM for the price you gave.
Step 5 – Withdraw (XEM) NEM Unless you're trading, never keep your crypto on an Exchange for an extended period of time. To withdraw your NEM (XEM), hover over the “Funds” tab and click on “Withdraw”. NEM (XEM) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEM) NEM by using the provided drop-down box. Enter the volumen of NEM (XEM) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.