How to Buy NEM (XEM) in Sri Lanka

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

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

You will first need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first $10.

Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. NEM (XEM) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide)

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

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

Step 3 – Locate NEM (XEM)

Once your deposit has been confirmed, you will instantly have access to your finances and you can begin purchasing and trading. To purchase (XEM) NEM on Binance, you will want to hover over the tab which is calledExchangeand mouse click onBasic”.

In order to locate NEM (XEM), you'll need to put the shortname of the coin (XEM) into the search box, which is marked in the picture. Be certain of having choosen the right pairing, we've marked this too. Click onXEM/BTCto continue.

Step 4 – Buy NEM (XEM)

Once you have located (XEM) NEM, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are making our Limit Order.

The field with thePricetag will be filled automatically with the latest price NEM (XEM) was sold for. This can be changed to your favoured rate. The field with theAmounttag is the volumen of XEM you wish to purchase. TheTotalfield is the total price in Bitcoin that you'll pay for the complete amount of XEM.

If you are happy, click onBuy XEM”. Your order will be filled as soon as a Vendor sells their XEM for the price you introduced.

Step 5 – Withdraw (XEM) NEM

Unless you're frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. To take off your (XEM) NEM, go to the tab calledFundsand click onWithdraw”. NEM (XEM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find NEM (XEM) by using the given drop-down box. Drop in the quantity of (XEM) NEM you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you are satisfied, clickSubmit”. You may be requested for email/phone verification ahead of a take off.

Kudos! You've successfully bought and stored NEM (XEM) in Sri Lanka.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the NEM (XEM) is stored in your wallet, you're done.