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How to safely buy NEM (XEM)

The most common way to buy Nem is usually through the most popular exchanges and platforms that can be used. Although, almost all of them have a similar operation. It is essential to register and make a transfer or link a card in order to buy Nem. Once you log in to the platform, just choose the cryptocurrency you are interested in and proceed to buy it with the exchange rate you have at that precise moment.

Where to buy Nem

To buy Nem, the best option is to use the Binance platform. Although there are other exchanges where you can also buy Nem, Binance offers the best options and the largest variety of cryptocurrencies. 

If you don’t have an account with Binance, you can create one here. Now I leave you with a video, so you can see how to buy Nem in the best and easiest way, step by step, so you don’t have any doubts.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

Step by Step

To buy Nem, the first thing you need to do is to log in to your Binance account, deposit your funds, either Euro, USD or another currency. 

Once you have funds in your account, go to markets, and select your currency pair against USDT (Tether). You will then be able to buy Nem. Once you choose the pair, you have to go to sell, and indicate the amount you want to exchange your currency for USDT, and then buy Nem. 

With the USDT purchased, you can go back to the main menu to see that you already have it in your account and the order has been executed. Go back to the market, and look for the XEM/USDT pair, and click on it. 

Here, you will see again the same buy and sell panel, where you have to go to buy, to exchange your USDT for the amount of Nem you want. Once you have chosen the amount, click on buy and you will have it.

If you go back to the dashboard, you will be able to see your amount of Nem you have. Now, you can keep it in Binance to sell it whenever you want, or take it to a wallet for more security. 

The most popular digital wallet is Metamask, where you can withdraw your Nem from Binance to keep it in Metamask for extra security. You can also use them in DEFI exchanges.

If you follow these steps, you can have XEM in less than 5 minutes. Sign up with Binance today so you don’t miss your chance.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

What is Nem?

NEM is a blockchain platform that was launched in March 2015. At the time it was one of the pioneers in the industry and sought to improve on the imperfections found in other blockchains at the time. It was one of the first complete non-Turing blockchains to feature user-defined tokens (called tiles), namespaces, multi-signature accounts and a P2P reputation system based on EigenTrust++. Its most notable contribution is the proof-of-significance consensus mechanism, which aims to reward activity on the chain and avoid the concentration of wealth often associated with proof-of-stake. Its client, NIS, is written in Java.

Symbol is a blockchain platform launched in March 2021. It is the spiritual successor to NEM, with a new consensus algorithm called proof-of-stake-plus (PoS+), rule-based tokens (called tiles), namespaces, multi-signature accounts and aggregated transactions. Its client, Catapult, is written in C++.

Symbol has a cult following in Japan and Korea. The community is mainly found on Twitter, LINE and KakaoTalk. Some of the more notable projects built on top of Symbol are:

Symbol was originally intended to be a protocol update and client for NEM. In 2019, the community voted to launch it as a separate chain and bootstrap it via airdrop. In 2021, the community voted to merge the two chains, referred to as “Symbol 2.0,” in which NEM will run as a sidechain.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

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