How to Buy NEM (XEM) in United Arab Emirates

A Step-by-Step-Guide on how to buy NEM (XEM) in United Arab Emirates

Step 1 – Join CoinbaseGet Free $10

In the beginning you'll need to purchase units of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your welcome 10$.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. NEM (XEM) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you've selected the right coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find NEM (XEM)

As soon as your deposit has been confirmed, you will immediately have access to your assets and you can initiate buying and trading. To buy NEM (XEM) on Binance, you'll want to hover over the tab which is calledExchangeand mouse click onBasic”.

In order to spot (XEM) NEM, you will need to insert the cointype (XEM) into the search-box, which is marked in the graphic. Make sure you have selected the right pairing, we have marked this too. Click onXEM/BTCto proceed.

Step 4 – Buy (XEM) NEM

As soon as you have found NEM (XEM), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're creating our Limit Order.

ThePricefield will be filled automatically with the most up-to-date valuation NEM (XEM) was sold for. You can change this to your preferred price. TheAmountfield is the quantity of XEM you wish to buy. TheTotalfield is the total price in Bitcoin that you will settle for the whole volumen of XEM.

If you're satisfied, make a mouse click onBuy XEM”. Your order will be filled as soon as a Vendor trades their XEM for the price you submitted.

Step 5 – Withdraw NEM (XEM)

Unless you are regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time frame. To withdraw your (XEM) NEM, go to the tab calledFundsand mouse click onWithdraw”. NEM (XEM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're happy, clickSubmit”. You could be asked for phone/email verification before a take off.

Congratulations! You have successfully purchased and stored NEM (XEM) in United Arab Emirates.

That's it!

Withdrawals from Exchange can durate anywhere from 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 stored within your wallet, you're finished.