A Step-by-Step-Guide on how to buy NEM (XEM) in Anguilla
Step 1 – Join Coinmama You'll first need to purchase units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need 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're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have chosen the precise coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find NEM (XEM) Once your deposit has been confirmed, you'll now have access to your finances and you can commence buying and trading. To invest in NEM (XEM) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To find NEM (XEM), you will need to insert the short name of the asset (XEM) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “XEM/BTC” to advance.
Step 4 – Buy NEM (XEM) Once you have spotted NEM (XEM), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled with the most recent price NEM (XEM) was sold for. You can change this to your favoured rate. The ”Amount” field is the quantity of XEM you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete amount of XEM. If you're glad, click on “Buy XEM”. Your order will be filled as soon as a Vender sells their XEM for the price you offered.
Step 5 – Withdraw NEM (XEM) Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive period of time. In order to withdraw your NEM (XEM), go to the tab called “Funds” and click on “Withdraw”. NEM (XEM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find NEM (XEM) by using the provided drop-down box. Drop in the amount of NEM (XEM) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.
Congrats! You have successfully bought and stored NEM (XEM) in Anguilla.That's it! Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your take off using Etherscan.io or Ethplorer.io and the NEM (XEM) is stored inside your wallet, you are all done.
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