How to Buy NEM (XEM) in Australia

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

Step 1 – Join Coinmama

You'll first need to buy units of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and getting your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

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

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate {NEM (XEM)|(XEM) NEM}

Once your deposit has been verified, you will now have access to your assets and you can start purchasing and trading. To purchase {NEM (XEM)|(XEM) NEM} on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To locate {NEM (XEM)|(XEM) NEM}, you will need to put the shortname of the coin (XEM) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we've highlighted this also. Click on “XEM/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} NEM (XEM)
Step 4 – Purchasing {NEM (XEM)|(XEM) NEM}

After you've located {NEM (XEM)|(XEM) NEM}, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to make our Limit Order.

The ”Price” field will be automatically filled with the most recent price {NEM (XEM)|(XEM) NEM} was sold for. This can be changed to your favoured rate. The ”Amount” field is the volumen of XEM you like to purchase. The ”Total” field is the total price in Bitcoin that you will settle for the whole volumen of XEM.

If you are satisfied, click on “Buy XEM”. Your plan will be filled when a Vendor sells their XEM for the price you introduced.

Step 5 – Withdraw {NEM (XEM)|(XEM) NEM}

Unless you are trading, you should never keepyour crypto on an Crypto Trader for an extensive time frame. In order to withdraw your {NEM (XEM)|(XEM) NEM}, go to the tab called “Funds” and mouse click on “Withdraw”. {NEM (XEM)|(XEM) NEM} can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {NEM (XEM)|(XEM) NEM} by using the given drop-down box. Drop in the amount of {NEM (XEM)|(XEM) NEM} you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you are happy, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Congratulations! You have successfully bought and safed NEM (XEM) in Australia.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the {NEM (XEM)|(XEM) NEM} is stored inside your wallet, you are finished.

And some more interesting Altcoins: