Buying NEM (XEM)

NEM with the short (XEM) is a decentralized cryptocurrency launched in 2015 making its way to the top 10 cryptocurrencies with the current market capitalization of more than 1.8 billion dollars.

XEM works on a blockchain platform and is peer to peer coin, unlike many other coins NEM is developed on JAVA for speed and scalability. At the moment there are totally 9 billion NEM coins in circulation.

 NEM WALLETS

When it comes to NEM there aren’t many options available as it is new and still emerging in markets, however, there is an official NEM wallet that can be found on https://nem.io/downloads/

The wallet is called NEM nano wallet and is currently desktop based for Windows, Linux and Mac there are Mobile versions also available for this wallet but have got some negative views regarding bugs and crashes, so it is best to use desktop-based version.

After downloading your wallet for the desired operating system there are a couple of other steps also, there will be a sign-up option where you have to provide wallet name and wallet type including three main options Brain wallet, Simple Wallet, and private key wallet for beginners you should select the simple wallet where upon selecting and providing passwords your data and private keys are downloaded in a .wlt file, which is most advised to be kept offline with the user as it contains user credentials and private keys, after these steps your newly downloaded wallet has been created and you can sign in from your desktop version without any hassles.

Buying NEM

For buying NEM with fiat there aren’t many options available as fiat financing for cryptocurrencies are fairly new and messier as compared to exchanging them, however, if you want to buy NEM with fiat there are two options available according to our knowledge that is Exrates and LiteBit.eu but as they aren’t that reputable as compared to other exchanges make sure to check and do all research necessary before spending your money.

When it comes to exchanging NEM there are many and reputable options available including Binance, HitBTC, Poloniex, Kraken etc which have options for trading NEM for BTC or ETH both and are secure and legitimate as well as compared to other online exchanges.

If you are looking forward to buying NEM with a credit card you can first buy Bitcoins from Coinmama or Coinbase and then can change them from Changelly easily and fast.

Conclusion

NEM is a reputable cryptocurrency gaining market value and target audience just like Bitcoin it has got some good privacy features and new algorithms including Proof of importance, Harvesting, Supernodes, and evidence of its functionality, while there aren’t many storage options available but official NEM wallet is software based and official which makes it legitimate and secure both at the same time while for buying XEM there can be many options in terms of trading it against BTC or ETH.

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