How to Buy NEM (XEM) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

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

  1. Find the best exchange that sells NEM.
  2. Register a new account.
  3. Fund your account.
  4. Buy NEM.
XEM
$0.050472414359741

These steps are simple if you know where to buy NEM 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 NEM (XEM) 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 NEM 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.

37

Only

37

of these exchanges sell NEM.

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

23

Only

23

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 Zengo

VISIT Zengo Read Review
Reasons we ♥ Zengo
Keyless security
Asset Recoverability
User-friendly design
Broad Cryptocurrency Support
24/7 Support
CRYPTOCURRENCIES: All
FUNDING:
Apple Pay
,
Bank Transfer (ACH)
,
Credit Card
,
Cryptocurrency
,
Debit Card
,
Google Pay
,
SEPA
,

Step 2Register Your New Account

  1. Download App: Get the ZenGo wallet app from the App Store (iOS) or Google Play (Android).
  2. Create Wallet: Open the app and select “Create a New Wallet” to initiate the setup.
  3. Set Security: Implement security measures including Face ID or Touch ID, email verification, and a keyless backup system.
  4. Add Cryptocurrencies: Click “Add Assets” and choose the cryptocurrencies you wish to add.
  5. Begin Usage: Start using your ZenGo wallet to send and receive cryptocurrencies, check balances, and track transactions​​.

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 NEM cryptocurrency.

You can buy NEM 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 NEM (XEM)

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

Best NEM Exchanges

NEM is also available on these exchanges:


Frequently Asked Questions

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

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

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

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

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

NEM Investment & Buying Guide

Diving into the dynamic realm of digital currencies, you’ve likely encountered the heavy hitters like Bitcoin and Ethereum. But there’s a unique player on the field that’s been garnering attention: NEM. Standing for New Economy Movement, NEM distinguishes itself with an innovative approach to blockchain technology and asset management.

Launched in 2015, NEM isn’t just another cryptocurrency; it’s a platform with a twist. With its Smart Asset System, you’re looking at a world where blockchain’s flexibility meets user-friendly features. It’s designed to streamline everything from financial transactions to notarizations, making it a versatile tool in your crypto toolkit.

As you explore NEM, you’ll discover its secret sauce: the Proof-of-Importance (PoI) algorithm. This consensus mechanism doesn’t just reward you for how much you have, but also for how much you contribute to the network’s activity. It’s a game-changer, ensuring that every participant can play a significant role in the ecosystem’s health and growth.

What is NEM Cryptocurrency?

NEM stands for New Economy Movement, and it’s a blockchain-based platform that reimagines the way blockchain works. You’ll find it’s much more than just a digital currency; it’s a versatile development platform.

How Does NEM Compare to Other Cryptocurrencies?

NEM’s unique selling point is its Proof-of-Importance algorithm, which sets it apart from the crowd. Unlike Bitcoin’s energy-intensive Proof-of-Work or Ethereum’s Proof-of-Stake, PoI rewards users based on their transaction activity and network support.

This digital currency offers a Smart Asset System, allowing users to create their own custom tokens or assets. In contrast, cryptocurrencies like Bitcoin limit users to one specific type of transaction.

Transaction fees on the NEM platform are lower compared to those on Bitcoin or Ethereum. This makes it an attractive option for regular and micro-transactions.

NEM’s architecture allows for high customization, which appeals to enterprises seeking blockchain solutions tailored to their specific needs. This level of flexibility isn’t as readily available on more conventional blockchains.

Its built-in features support quick deployment of blockchain solutions without the need for extensive programming. This means you’re in for a smoother ride if you’re not a blockchain coding expert.

The NEM blockchain is an improvement in terms of scalability. With the ability to handle hundreds of transactions per second, it outpaces Bitcoin’s 7 transactions per second.

The NEM blockchain implements a namespace system similar to the internet’s domain names, making asset management straightforward and user-friendly. Bitcoin and many other cryptocurrencies do not offer this feature.

The network’s multi-signature account feature adds an additional layer of security. This level of security isn’t always as comprehensive in other digital currencies.


NEM’s infrastructure also includes an encrypted messaging system. This is not typically found in most other cryptocurrency platforms.

Asset transfer on the NEM blockchain can include messages, which could potentially transform business processes. This kind of asset messaging is often more restricted or unavailable in other cryptocurrencies.

NEM History & Growth

NEM burst onto the crypto scene in March 2015, conceived from a fork of NXT another blockchain-based cryptocurrency. Its early development was community-focused, aiming to address the wealth concentration issue present in many cryptocurrencies. The team behind NEM implemented the unique Proof-of-Importance (PoI) algorithm, which differentiated it from the prevalent Proof-of-Work and Proof-of-Stake mechanisms.

By 2017, NEM had gained significant traction, partly due to its adaptability and enterprise-friendly features. Corporations and financial institutions started to take notice, exploring how NEM’s blockchain could streamline their operations. The cryptocurrency’s value spiked noticeably during the 2017 crypto bull run, reflecting its growing popularity.

The following year saw NEM’s expansion, with the introduction of the NEM Foundation aimed at promoting the platform’s adoption across the globe. Partnerships in various sectors, from fintech to government, spurred NEM’s growth and contributed to its ecosystem. The platform’s evolution continued with the development of Catapult, an updated engine designed to enhance scalability and speed.

Today, NEM maintains a strong global community and stands out with its continuous efforts to innovate and cater to an evolving digital economy. Its consistent development and commitment to quality have established NEM as a contender in the blockchain space.

Buying NEM with Different Payment Methods

Cryptocurrencies like NEM offer a broad spectrum of buying options to cater to your convenience and availability of resources.

Buying NEM with a Credit Card

Credit cards stand as a fast and accessible method to purchase NEM. Major cryptocurrency exchanges accept credit card payments ensuring immediate transactions, although you should be aware of potential cash advance fees.

Buying NEM with a Debit Card

Debit cards are widely accepted and provide a direct route from your bank account to your NEM wallet. It’s essential to check for lower fees compared to credit cards and the exchange’s security measures to protect your financial details.

Buying NEM with Apple Pay

Apple Pay offers a seamless and secure way to buy NEM on compatible platforms. Your payment information is encrypted, reducing the risk of data breaches and unauthorized transactions when purchasing your digital assets.

Buying NEM with Paypal

Paypal has grown increasingly popular for cryptocurrency transactions due to its buyer protection and swift checkout process. Keep in mind that not all exchanges support PayPal and you may encounter higher fees for the convenience.

Buying NEM with a Bank Transfer

Bank transfers are a prudent option for large-volume purchases of NEM due to generally lower fees. This method, however, may take longer than others, so plan your transaction timing accordingly to accommodate for potential processing delays.

Keeping Your NEM Safe

After securing NEM through your preferred payment method, the next crucial step is safeguarding it. Understanding your options in crypto storage is key to effectively protecting your assets.

Software Wallets

Software Wallets offer a balance of accessibility and security for your NEM coins. They can be downloaded as applications on your smartphone or desktop, providing convenience but also requiring robust security practices to prevent unauthorized access. Ensure the software wallet you choose supports NEM and is developed by a reputable company to decrease the risk of vulnerabilities.

Hardware Wallets

For enhanced security, Hardware Wallets store your NEM offline, substantially reducing the risk of hacking. These devices resemble USB sticks and need to be connected to a computer only when you wish to manage your NEM. Always purchase hardware wallets from official sources to guarantee authenticity and avoid pre-tampered devices.

Selling & Withdrawing NEM

When you’re ready to sell your NEM, most cryptocurrency exchanges support NEM/XEM trading pairs. Liquidity varies by platform so it’s wise to compare exchanges to find the best fit for your needs. To withdraw NEM, navigate to your exchange’s withdrawal section, select NEM, enter the amount and your wallet address. Always double-check your wallet address to avoid costly mistakes.

Withdrawal times can vary from instant to several hours depending on network congestion and the exchange’s processing times. Some exchanges may require additional security verification for larger withdrawals. Check the withdrawal fees; they can have a significant impact on your return, especially for small transactions.

Consider converting NEM to a stablecoin like USDT if you’re not ready to cash out into fiat. This can provide a buffer against market volatility. For those looking to transfer funds back to a bank account, ensure that your exchange supports bank transfers for your region and be aware of any associated processing times and fees.

Remember to factor in capital gains tax liabilities that may arise from selling cryptocurrencies. Keep records of your transactions to remain compliant with local tax regulations.

Is NEM a Good Investment?

Determining whether NEM is a solid investment hinges on several key factors. Market trends, fundamental analysis of the New Economy Movement, and NEM’s unique technology should inform your decision. The NEM blockchain is lauded for its smart asset system, allowing for customizable blockchain solutions. This flexibility offers a competitive edge that might result in increased adoption.

Investors have seen NEM’s resilience, as its price has experienced both significant highs and lows over the years. Historic volatility can be indicative of potential future performance but is not a guarantee. NEM’s strong community and ongoing development projects are crucial considerations; they reflect the blockchain’s vitality and potential for growth. Engaging with the NEM community provides insights into the token’s stability and momentum.

Financial experts often mention portfolio diversification as a fundamental investment strategy. Including NEM in your portfolio could diversify your investments within the crypto space. Keep in mind that due diligence and understanding your risk tolerance are paramount. Blockchain technology’s rapid evolution suggests that platforms like NEM could become increasingly significant as real-world blockchain applications proliferate.

NEM Price Predictions

Investing in cryptocurrencies entails a significant amount of risk due to their volatile nature, and making future price predictions can be particularly challenging. NEM’s price fluctuations are influenced by various factors including market sentiment, technology adoption, and broader financial market trends. As a digital asset with a strong technological foundation, NEM has the potential to experience considerable price movements tied to its real-world applications and partnerships.

Historical data shows that NEM has experienced major price swings in the past, often reflecting the dynamic shifts in the crypto ecosystem. Analysts use technical analysis, looking at chart patterns and trading volumes, to predict potential price points for NEM. Predictions for NEM’s future value vary widely, with some analysts forecasting significant growth, while others remain cautiously optimistic.

It’s essential for you to conduct your own research and consider the long-term viability of the technology behind NEM. Keep an eye on NEM’s ongoing development projects and updates, as they play a critical role in driving demand and value for the token. Remember, past performance is not indicative of future results, and it’s prudent to invest only what you can afford to lose.

Additional Info

You’ve seen how NEM’s volatile nature makes its future an exciting mystery. Remember, while analysts bring valuable insights with technical analysis, your own research is key to understanding its potential. Keep tabs on NEM’s developments and tech advancements—they’re the pulse that could drive its long-term success. Stay informed, stay curious, and you’ll navigate the ever-changing landscape of NEM with confidence.

NEM (XEM)
Price
$0.050472414359741
24h Change
4.3
7d Change
3.3