How to Buy NEM (XEM) in Svalbard

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

Step 1 – Signup to CoinbaseGet Free $10

In the beginning you'll need to purchase units of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your first 10 Dollar.

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an 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. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have chosen the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find (XEM) NEM

As soon as your deposit has been confirmed, you will instantly have access to your finances and you can launch invest and trading. To invest in NEM (XEM) on Binance, you'll want to go to the tab which is calledExchangeand then mouse click onBasic”.

In order to find (XEM) NEM, you'll need to put the shortname of the coin (XEM) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we've highlighted this also. Click onXEM/BTCto go on.

Step 4 – Purchase NEM (XEM)

Once you've spotted NEM (XEM), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order.

ThePricefield will be automatically filled with the most latest rate (XEM) NEM was traded for. This can be changed to your favoured price. The field with theAmounttag is the volumen of XEM you wish to buy. The field with theTotaltag is the aggregated price in BTC that you'll pay for the whole amount of XEM.

If you are glad, click onBuy XEM”. Your order will be filled as soon as a Vendor trades their XEM for the price you gave.

Step 5 – Withdraw NEM (XEM)

Unless you are trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive time frame. To take off your NEM (XEM), go to theFundstab and mouse click onWithdraw”. (XEM) NEM can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XEM) NEM by using the given drop-down box. Drop in the amount of NEM (XEM) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you are happy, click onSubmit”. You may be asked for verfication via email/phone before a withdrawal.

Kudos! You have successfully purchased and stored (XEM) NEM in Svalbard.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the NEM (XEM) is safe in your wallet, you are finished.