Guide NEM (XEM) Token. What is it, price and benefits

Learn how to buy NEM (XEM) on the Binance platform

There is no doubt one of the top-notch trading platforms in the world nowadays is Binance.

But if you wish to start trading on it, the first thing you must do is to figure out how to get NEM (XEM).

That’s why in this post we’ll give you all the information you should have to trade with NEM (XEM) on the Binance cryptocurrency exchange.

Learn how to register on Binance

The only way to start trading on Binance is opening an account in it.

To do so, you should follow each of the instructions below.

Go to the Binance main page and press on the "Register" key.

You can log in directly by clicking here.

In the Binance main page you’ll see a button named "Register with a phone or email". Press it.

Apple devices can be used to do this as well.

For the purpose of this post, the e-mail address registration process will be shown.

• In the screen that is shown, choose your country of residence from the drop down list.
• The next step is creating a secure password. This is crucial since it’s all about your money, so you must to invent a really strong one
• Whether you want to be informed periodically via e-mail about Binance news, check in the corresponding option. Next, you must accept the "Terms of Service" and that’s almost all. You’ve just created your account Now it only needs to be verified via email

By now, you should have received an email sent to the address you’ve just used for subscribing on the Binance platform. In its text you’ll see an activation keycode you’ll need to will enter in the corresponding box. Then press "Send"

And that’s it! You are now registered to Binance.

Now you can enter the Binance platform and observe all the options it has to offer.

This way you canit is possible to start operating with NEM (XEM) easily.

Complete the required identity verification to enable all these options.

It is very important to note that unless you complete this security measure, youwon’t obtain permission to start operating with NEM (XEM).

No big deal, though. Read the following paragraphs to fulfill that step.

Verify your Binance account to start out trading

See the next instructions and become an authorized user:

On the main page, hover the mouse on the user profile button and a list will immediately show up where you will need to press "Security"

Or just look for the "Verify" button on the top of the screen

Pick "Identification" on the left options list.

Country of residence is the first thing you must choose.

You’ll will immediately find three levels of verification:

1. The one you already have.
2. The Verified.
3. The Verified Plus.

Begin by clicking on "Start now" located near the "Verified" level.

Then a pop-up window will be shown and there you will have to tytpe the following info:

• Nationality.
• First Name and Last name.
• Middle name and birth date.
• Exact address of your residence.

Next, you’ll need to present a legal document to sustain your identity.

Use your ID card, passport or even your license to complete this step.

Now, you will have to take a selfie, following the platform’s guidance.

Now you will have to wait for a short period while an account confirmation process is performed.

So, wait patiently, Binance is going to let you know via e-mail as soon as your request has been accepted.

Congrats! Now you’re officially licensed to operate with NEM (XEM). See the guidelines that follow.

Buying NEM (XEM) on Binance

Learning how to buy a NEM (XEM) is actually quite easy.

It is time to verify your identity using a legal document.

ID card, passport or even a driver’s license will be enough to complete this condition.

Now the platform will ask you to take a selfie following certain instructions.

Now you will have to wait for a short time while an account confirmation process is performed.

When your request has been approved, Binance is going to let you know via email, just be patient.

The following instructions will guide you through the NEM (XEM) buying process. As soon as you’ve got the confirmation e-mail, you have become a Binance licensed NEM (XEM) trader.

How to purchase NEM (XEM) on Binance

Understanding how to make a purchase of NEM (XEM) is actually quite easy.

Take into account that you have different alternatives for this process

To know which options are available to you when making a purchase, see the "Buy cryptos" menu on the Binance main page.

You need to, of course, do that after you’ve logged into your account

Hover your mouse over this key and a list of buying alternatives will deploy.

At this point, the Binance platform will ask you to show a legal document for identity verification.

Use your passport, ID card or even your driver’s license to complete this step.

Now the system will ask you to take a selfie following certain instructions.

When you have completed the platform’s requisites, you’ll have to wait a moment while your account is verified.

As soon as your request has been accepted, Binance is going to send you an e-mail, just be patient.

The following instructions will guide you through the NEM (XEM) buying process. As soon as you’ve got the confirmation email, you have become a Binance licensed NEM (XEM) trader.

Learn to buy NEM (XEM) on Binance

In this section you’ll realize how easy is to make a purchase of NEM (XEM).

Be aware that you may have different alternatives for this process

Use the "Buy cryptos" menu on the Binance homepage to know which alternatives you have when making a purchase.

Obviously, you’ll only be able to do this once you are logged in

See all the different buying options just by hovering your mouse over this button.

Did you know you could use your credit or debit card for buying cryptocurrencies?

The first thing you need to do to buy the NEM (XEM) of your preference using a credit card, should be to select this option from the "Buy Cryptos" drop-down menu.

Next, just stick to these guidelines:

Now you must choose the currency you want to use and indicate how much you want to invest.

The the NEM (XEM) you intend to get should be indicated in the second field

The number of NEM (XEM) you’ll receive will depend upon the amount of USD you have just indicated. The Binance platform will automatically display it.

These instructions will be helpful to continue the process:

Now you must select the currency you’d like to buy with and enter how much you are going to invest.

In the next field you must pick the NEM (XEM) you intend to get

Considering the amount of USD you’ve previously specified, the platform will immediately display the quantity of NEM (XEM) you are going to be given.

Click on "Continue".

Now it’s time to define your method of payment. To pay with your credit card, choose in the "Visa/Mastercard" box the button "Add card".

Then the system will ask you to enter your credit card numbers.

In this step you must indicate the address associated to the credit card. Type it exactly as it is, then select "Add card".

With this, your credit card will be added to the payment methods in your user profile. Click "Continue".

Next, all the important details of the transaction will be summarized: the amount you’ll pay and the corresponding currency, and obviously, the cryptos you are going to get.

It will also show you the commission will be charged for the operation.

In less than 1 minute click on "Confirm", and then the order will expire automatically.

The Binance platform will now send you to the credit card issuing bank. There you should make a normal on-line payment using your credit card.

Your recently purchased NEM (XEM) will be deposited to your Binance digital wallet (called the «Spot Wallet») after the banking process is complete

Purchase NEM (XEM) via Binance P2P

The next screen will display a snapshot of the operation about to be completed. That includes the amount you are paying, the selected currency and the quantity of NEM (XEM) you will receive.

Another detail of relevance in this overview is the percentage you’ll be charged as a commision for making the purchase.

At this point you have 60 seconds to click on "Confirm", otherwise the order will be automatically terminated.

The platform will now reroute you to the bank issuing the credit card. Proceed exactly as you do when making a standard online credit card payment.

When the banking procedure has been done, you will have your recently bought NEM (XEM) in your Binance digital wallet (called the «Spot Wallet»)

Learn how to purchase NEM (XEM) via Binance P2P

1. Go to your profile and choose "Security".
2. Look for the "Payment" option in the menu you’ll see from the menu on the left and click on it.
3. Click on "Add a Payment Method" and the Binance system will guide you through the rest of the procedure.

Now that the new payment method has been included in your account, go to the top bar of the navigator and hover on "Buy Crypto" to drop-down the list of options and choose "Trading P2P". Then see the following steps:

1. Click the "Buy" button found on the top bar of the "P2P Account" menu
2. In this bar you’ll see the list of NEM (XEM) available for purchase through P2P operations. Choose the one you want, in our case we use «USDT» as an example.Any NEM (XEM) purchased via P2P trading is allowed to be exchanged by any of the foreign currencies available on Binance.
3. Locate the "Fiat" column on the top menu and reveal the drop-down menu to find all available currencies. We’ll use «VES» in this example.
4. Use the "Amount" box to indicate the amount in VES you’d like to invest to purchase NEM (XEM).
5. You will be able to see a list of dealers’ ads as soon as you have indicated the method of payment.
6. Locate a seller from the displayed list. We recommend that you choose a verified one with a high completed sales rate.
7. Click on "Buy USDT"
8. Type the amount in VES you would like to pay
9. Press "Buy USDT" again
10. That will open a purchase order where you will be in touch with the seller. Make the payment within the time limit and click on "Transferred, Next", then press "Confirm".

Ways to transfer your NEM (XEM) to the Spot Wallet

After you have completed a payment to the trader, they may release the NEM (XEM), by confirming payment reception.

You may check your wallet Binance balance to confirm reception.

Take into account that your NEM (XEM) must be in your Spot Wallet in case you would want to get others, so you will need to transfer them there before.

You can move them immediately once the buying order is completed just by clicking "Transfer to Spot Wallet".

In case you didn’t do this, don’t be anxious, you can move the cryptos later.

Tips on how to transfer your NEM (XEM) to the Spot Wallet

Cryptos will be released by the trader as soon as money reception validation has been done.

The place where NEM (XEM) are added to is your Binance wallet.

Note that you must move them to your Spot Wallet in case you want to purchase another crypto.

That’s quite simple: just press "Transfer to Spot Wallet" immediately after the purchase order is completed.

This NEM (XEM) internal transfer can be carried out anytime later.

1. Select "Wallet Funds" from the "Wallet" drop-down list.
2. See the "Transfer" button on the upper right area of the navigator window and click on it.
3. In the pop-up window, change the «From» and «To» options to the following settings:
• From: «Funds»
• To: «Fiat and Spot»
4. Choose the currency corresponding to your funds in the platform, in this example we’ll use «USDT»
5. Type the cryptos you are moving for the Exchange and press "Confirm".

That’s it! Now you will have money in the Spot Wallet so you will be able to purchase any of the several of NEM (XEM) within the Binance platform.

See how easy is to purchase any cryptocurrency from Binance:

1. In the upper panel, look for the "Trading" menu.
2. Click on "Convert" from the list.
3. Fill in the box the sum of «USDT» you wish to invest.
4. Now select the crypto you’re interested in.
5. Select "Preview conversion".
6. Validate the transaction and that’s all. You will have the funds of the selected crypto in your Spot Wallet.

With these money already in your Spot Wallet, don’t fear to purchase any cryptocurrency you believe will be worthwhile.

Note how easy is to buy any cryptocurrency from the Binance platform:

1. In the upper panel, look for the "Trading" option.
2. From the list choose the "Convert" option.
3. Indicate the amount of «USDT» you want to spend.
4. Choose the crypto you intend to buy.
5. Select "Preview conversion".
6. Confirm the transaction and that’s all. Now you will have the amount of the chosen cryptocurrency in your Spot Wallet.

This text surely pictured you a wide overview of what Binance is and how you can trade NEM (XEM) on it.

So, no need to think twice, make a profitable business within the Binance platform.