How to buy NEM (XEM) in the UK
Current Price: £0.03 24hr: 4.73%
You can buy and sell NEM with GBP on BC Bitcoin. In order to buy NEM (XEM) on a cryptocurrency exchange, we first need to acquire Bitcoin (BTC), and will then trade our BTC for NEM.
Recommended: Buy NEM (XEM) with BC Bitcoin
This is a great option for anyone looking to buy NEM with British Pounds in a simple and safe way.
BC Bitcoin accept debit and credit cards, as well as bank transfers (including UK Faster Payments).
Here’s how to buy NEM with BC Bitcoin:
- Sign up for an account here
- Head to the Buy page and complete the form
- Your NEM will arrive in your wallet once payment is complete
About BC Bitcoin
BC Bitcoin are a Hertfordshire-based company that allows you to buy and sell cryptocurrencies including NEM (XEM).
They have achieved a 5-star Trustpilot rating, most probably due to their excellent customer support and simple buying process.
Alternative: Trade BTC for NEM on an exchange
If you’d rather buy NEM (XEM) on a cryptocurrency exchange, you can do so on Binance. First, you’ll need to buy Bitcoin…
This guide assumes you already have Bitcoin. If you don’t, you can buy Bitcoin at any of the following options:
- BC Bitcoin (recommended; buy with £GBP or €EUR)
- CEX.io (recommended; buy with £GBP)
- July 2019 UPDATE: CEX.io now accepts Faster Payments, i.e. free and instant GBP deposits (up to £250k).
- Buy BTC straight away with your debit or credit card, or bank transfer.
- Local Bitcoins (buy with £GBP)
- Buy BTC from other Brits using bank transfer.
- Coinbase (buy with EUR)
or, click here for a detailed guide on buying BTC in the UK
Waiting for a bank transfer or verification? Get a head-start by signing up for your Binance account while you wait…
Bitcoin (BTC) -> NEM (XEM)
Now, we will use Binance (the most popular crypto exchange) to buy NEM with Bitcoin…
- Register for a Binance account here
- Deposit Bitcoin to your account (your Binance Bitcoin wallet) by heading to Funds -> Deposits in the top menu
- Select BTC from the drop-down menu, and copy your BTC Deposit Address
- Send your Bitcoin to this address.
i.e. if you purchased BTC from CEX.IO, use their ‘withdraw’ page to send BTC to your Binance BTC wallet.
- Select BTC from the drop-down menu, and copy your BTC Deposit Address
- Once Bitcoin has reached your Binance wallet, head to Exchange -> Basic via the top navigation bar.
- Use the panel to the right side of the screen (which shows many currency pairs alphabetically, starting AMB/BTC, ARK/BTC, etc.)
- Type XEM in the search bar
- Click the XEM/BTC link to reach the market page
- Using the Buy XEM panel, set your Buy parameters, and click the green buy XEM button
Confused by different order types?
Limit: allows you to specify the price at which the order will ‘fill’. If the price is rising, the order may not get filled, but if it does get filled it will always be at the price specified (or, sometimes a better price).
Market: buy or sell at the current price. Market orders always get filled, but in a volatile market are often risky as you won’t know the exact buy/sell price until after the order has filled.
Stop-Limit: we recommend you read Binance’s article about this type of order.
- This places an order, which can be monitored via the Orders tab in the top navigation bar, or directly below the Buy box in the Open Orders pane
- When your order is filled, the exchange is complete, and your XEM will appear in your XEM wallet under the Funds -> Balances page
Congratulations, you have purchased NEM (XEM)!