A Step-by-Step-Guide on how to buy NEM (XEM) in Sao Tome And Principe
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome 10 Dollar.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. NEM (XEM) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate NEM (XEM) As soon as your deposit has been affirmed, you'll now have access to your assets and you can commence invest and trading. To purchase NEM (XEM) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. To spot (XEM) NEM, you'll need to put the cointype (XEM) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we've marked this also. Click on “XEM/BTC” to progress.
Step 4 – Buying (XEM) NEM Once you have found NEM (XEM), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are creating our Limit Order. The field with the “Price” tag will be filled with the most latest rate (XEM) NEM was sold for. You can change this to your favoured rate. The “Amount” field is the volumen of XEM you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole amount of XEM. When you're glad, make a mouse click on “Buy XEM”. Your order will be filled when a Seller trades their XEM for the price you submitted.
Step 5 – Withdraw (XEM) NEM Unless you're trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time frame. In order to withdraw your NEM (XEM), go to the tab called “Funds” and mouse click on “Withdraw”. NEM (XEM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate NEM (XEM) by using the given drop-down box. Drop in the amount of NEM (XEM) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you are glad, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.