How to Buy Symbol (XYM) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Symbol and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Symbol.
  2. Register a new account.
  3. Fund your account.
  4. Buy Symbol.
XYM
$0.019360618253225

These steps are simple if you know where to buy Symbol cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Symbol (XYM) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Symbol Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

42

Only

42

of these exchanges sell Symbol.

We then filter down the entire set of possible marketplaces to only the ones that have active XYM markets.

21

Only

21

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

6

Only

6

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Kraken

VISIT Kraken Read Review
Reasons we ♥ Kraken
Top-Notch Security
Advanced Trading Options
Educational Commitment
Competitive Fee Structure
Exceptional Customer Support
CRYPTOCURRENCIES: 254
FUNDING:
Bank Transfer (ACH)
,
Wire Transfer
,
Paypal
,
SEPA
,
Interac
,
BLINC
,
CHAPS (ClearJunction)
,
FPS (ClearJunction)
,
SWIFT
,

Step 2Register Your New Account

Registering for a Kraken account is a straightforward process designed to give users quick access to its cryptocurrency trading services. The process emphasizes both ease of use and security, ensuring a smooth start for new users.

Here's a step-by-step guide on how to register:

  1. Visit the official Kraken website.
  2. Click on the "Create Account" button located in the upper-right corner of the homepage.
  3. Enter your email address, choose a username (which cannot be changed later), and create a strong password.
  4. Read and agree to Kraken's Terms of Service and Privacy Policy, then click the "Create account" button.
  5. Check your email for an activation message from Kraken, which will include an activation key.
  6. Enter this activation key on the account activation form, or click the link provided in the activation email.
  7. Confirm your password and complete any required captcha verification.
  8. Once these steps are completed, your Kraken account will be successfully created and ready for use.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Symbol cryptocurrency.

You can buy Symbol on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Symbol (XYM)

After registering and funding your account at , you should be able to buy Symbol after your deposit finishes processing. After you receive your XYM, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Symbol Exchanges

Symbol is also available on these exchanges:


Frequently Asked Questions

Yes, Symbol is safe to buy. It is listed for trade on some of our top-rated exchanges including Binance, Zengo, Coinbase Exchange, Bybit, OKX, Kraken, KuCoin, Gate.io, BingX.

You can buy Symbol instantly at Binance, Zengo, Coinbase Exchange using their instant buy feature or a credit card.

Yes you can buy less than one (1) XYM. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Symbol, you will need to deposit funds into your exchange account - which usually has no fees - and then buy XYM, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Symbol at Binance, Zengo, Coinbase Exchange.

Symbol Investment & Buying Guide

How and Where to Buy Symbol (XYM)

Symbol evolved from the NEM group founded in 2014 when it launched the NIS1 blockchains. The founders of NEM (New Economic Movement) are unknown other than by the pseudonyms BloodyRookie, gimre, and Jaguar0625 from the Bitcointalk forum. Eventually, a group of enterprise veterans and experienced representatives took over the project, the identity of which remains unknown. 

The NEM groups comprise: –

  • NEM Ventures – the venture capital arm
  • NEM Trading – for financial concerns
  • NEM Software – for business development and product

What Is Symbol (XYM)?

Symbol (XYM) is a layer-1, open-source, public and private blockchain, a project of NEM, and it’s primarily a duplication of the NIS1 blockchain that focuses on enterprise use by helping businesses reduce costs, streamline processes, and innovate.

On the Symbol blockchain, companies can integrate DLT (distributed ledger technology). The protocol is built on the Java programming language, a widely used language, enabling easy integration with existing database solutions.

Symbol uses a PoS (proof of stake) consensus. Users can earn rewards from transaction fees by holding and staking tokens or running nodes.

The platform focuses on secure, low-cost, streamlined processes, like multi-layered, multi-signature accounts. Users can also create digital assets like NFTs.

$XYM is Symbol’s native cryptocurrency token to reward its public nodes that verify and record all transactions.

What Makes Symbol (XYM) Unique?

Many public blockchains struggle to combine speed and security whilst retaining decentralization and keeping gas fees low. Private blockchains can keep gas fees low because it allocates fewer resources to nodes or miners, unlike the energy-intensive PoW consensus mechanisms used by Bitcoin. Symbol has created a hybrid blockchain that gives businesses the security of a public blockchain whilst retaining control on a private blockchain.

The Symbol network has a custom library of APIs for developers that are compatible with multiple programming languages that are easy to integrate with most existing systems. The network can integrate with most blockchains because it has adaptability and interoperability due to four modifiable layers that can be independently altered.

One concern about the Symbol project is that the URL redirects to the Symbol Discord Community website. There is no public website for potential investors to research the project, and the Discord Symbol community membership is insignificant compared to most other similar blockchain projects. The absence of a public website and a lack of transparency regarding the founders could be a potential red flag for investing in this project.

How and Where to Buy Symbol (XYM)

Gate.io is an established cryptocurrency exchange that lists $XYM tokens. The platform has an excellent range of markets and coins and is one of the few crypto exchanges that offers its users a free cold storage crypto wallet as a secure option to store their coins: –

 

  1. Open an account with Gate.io – the platform has one of the easiest sign-up processes for new users. Once registered, your account is instantly verified
  2. Deposit with a supported cryptocurrency – Gate.io supports over 1,390 different coins
  3. Buy $XYM – look for XYM/USDT or  XYM/ETH on the exchange and execute the trade
  4. Transfer your $XYM tokens – send them to your Gate.io wallet or an alternative wallet that supports Symbol (XYM)

How do I Sell Symbol (XYM)?

When you wish to sell your $XYM tokens, log in to your Gate.io account: –

  1. On the exchange, sell your $XYM tokens for a mainstream stablecoin like $USDT
  2. Send the $USDT to a reliable off-ramp platform like Gemini or Coinbase
  3. Once the $USDT has transferred, convert it to your chosen fiat currency and request a withdrawal to your bank account

Should I Buy Symbol (XYM)?

Investing in Symbol (XYM) could be an exciting decision, but unfortunately, we cannot offer financial advice on buying cryptocurrencies. Before investing, it helps to understand a project, its underlying goals, the potential for scalability, and, finally, does the project serve a good purpose?

When you are ready to buy $XYM tokens, do so with a cryptocurrency exchange with a good reputation like Gate.io. KuCoin and Poloniex also list Symbol (XYM) tokens as leading platforms in the crypto space.

How do I invest in Symbol (XYM)? Safely?

Investing in the cryptocurrency market is a high-risk venture, and it can be a challenge to time investment to maximize results. No financial investment can be defined as safe. Still, it’s always a good plan to minimize your risks by purchasing from a cryptocurrency exchange with a proven history and good customer support.

Three leading, globally established exchanges are Gate.io, KuCoin and Poloniex. KuCoin has an excellent reputation. The platform offers custodial and non-custodial services, and it lists XYM/USDT and XYM/BTC. Poloniex has over 450 markets and lists over 300 coins, including XYM/USDT and XYM/BTC, and it has a secure exchange wallet to store your $XYM tokens.

Symbol (XYM)
Price
$0.019360618253225
24h Change
0.1
7d Change
-9.7