How to Buy NEM XEM a Beginner’s Guide 2023 Updated

how to buy nem

Those who are wondering how to buy NEM in US & Canada can easily do so on Binance. Binance is a Malta-based cryptocurrency exclusive exchange that has been pushing the boundaries as far as assets listed, funding methods available, and types of products offered. US and Canadian residents are not restricted from purchasing NEM, and it’s not explicitly restricted in either of the areas. Keep in mind, however, landscapes in these regions are constantly changing as far as regulation and legislation, so it’s important to stay up to date with these changes.

It doesn’t require any special hardware, but you do need to have at least 10,000 vested XEM coins to start harvesting. NEM is written in Java, and it was built from the ground up, in order to address issues that are faced by many cryptocurrencies today (such as ease of use, speed, and scalability). There are 9 billion XEM coins in circulation, all of which were created and distributed to 1,500 individuals before the launch. NEM is a blockchain protocol developed in Singapore back in 2015, that aims to be a fast and robust payment system.

Best NEM (XEM) Hardware Wallets

This means you can put at price (in BTC or ETH) at which you want to buy XEM. Once the price hits that point, the exchange will automatically make your trade. Once your deposit is complete, it’s time to go to the exchange section of Binance. Once you have BTC or ETH ready, you’ll need to send it to your wallet on Binance. To do this, go to the menu at the top of the page, and select “Funds”, then “Deposits”. Binance will require you to submit several official documents in order to verify your account before you can start trading.

how to buy nem

Once your trade order is processed successfully, your KuCoin account will be funded with the new XEM crypto you have exchanged your Ethereum for. Click on Start delegated harvesting, select a node you wish to delegate your XEM and enter your wallet password to process the transaction. If the selected node has available harvested slots, your transaction will go through successfully. Ensure that your wallet is funded with a minimum of 10,000 XEM coins in vested balance to start harvesting. $XEM is used to pay transaction fees when users or dApps use the blockchain.

How to buy Nem: Conclusion

The basis here is that in order to purchase NEM using PayPal, you’ll first have to purchase Bitcoin using PayPal; then you can send that Bitcoin to an exchange such as Binance that offers XEM/BTC purchases. Then, finally, you’ll use the newly deposited Bitcoin to buy NEM. The easiest way to purchase NEM as a resident in the UK is by using Binance. Although at the moment UK residents cannot directly purchase NEM straight with a credit card, they can in fact purchase Bitcoin or Ethereum with a credit card and then use that Bitcoin or Ethereum to exchange for NEM. Binance additionally has an official support page and intuitive tutorial for buying cryptocurrencies using a credit card which can be found here.

  • Scalping is the shortest time frame in trading that allows you to speculate on small price fluctuations and have a quick profit, usually within a few seconds.
  • Click on “sign up” and enter your required information like name, location, password, and e-mail – make sure these details match your Photo ID.
  • A common question you often see on social media from crypto beginners is “Where can I buy NEM?
  • NEM also features a marketplace function, messaging, and income opportunities that the average person has a chance of using.
  • But though regular individuals and customers can use the network, NEM’s focus has been on providing fast and cheap payment channels for businesses.

Coinomi – A popular mobile wallet for Android and iOS that can hold over 1770 different crypto assets. Coinomi has also launched a desktop version of its wallet, making it available for Windows, Mac, and Linux as well. Exodus – A great desktop and mobile wallet for Windows, Mac, Linux, Android and iOS.

How and Where to Buy NEM (XEM)

If you want to exchange it to regular currency, trade your NEM for Bitcoin and exchange BTC into euro, dollars or any other currencies. Talking about purchasing crypto, there are a number of advantages of investing in crypto-currency. The asset transfers have become how to buy nem much more manageable, the transactions are confidential, you simply hold ownership of the currency, they give access to credit, and at last, they come with strong security. Coinomi is a software wallet that is compatible with Android, iOs, Windows, Linux, and macOS.

BitDegree Learning Hub aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. Now that you have your wallet, you can start looking where to buy NEM.

How to create a Binance account

Trezor also happens to be a hardware wallet with high-tech security. It costs around $65, supports ERC20 and multiple coins, and has fantastic reviews – this is the best option to go for. After the XEM coins show up on your wallet you’ve successfully completed the process of buying XEM. One of the more creative options is buying BTC on an exchange that does not have XEM (such as Coinbase,, or Coinmama). Then transfer the BTC to your Exodus wallet and change it for XEM via the built-in exchange. You can purchase Bitcoin on exchanges such as Binance, Bittrex, or HitBTC.

  • XEM is a decentralized open-source cryptocurrency that has a number of unique features.
  • After completing your KYC you have to add your primary bank and UPI into
    BuyUcoin wallet, then you need to add fiat currency to buy Nem such as INR to XEM.
  • Additionally, holding XEM gives you the right to vote on new improvements to the network.
  • The next step after you’ve set up your account and verified your email address is to add an additional level of security.

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