Last Updated on May 15, 2021 by harsh
- NEM (XEM)
- Live Price $0.1751
- Market Cap $1.57 B
- Volume $50.21 M
- Available Supply 9.00 B XEM
- Rank 85
Nem price converter – Nem to INR, USD, and other Currencies
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Nem Price, Nem Trading volume, and Marketcap history
Nem Price Technical Analysis
NEM is a blockchain project that is developed to help companies and industries to improve things like payments and logistics.
NEM was launched on March 31, 2015, symbol XEM.
It’s trying to differentiate itself from other cryptocurrencies by making its blockchain highly customizable.
NEM blockchain works as the company described the "smart asset system"
“Smart Assets systems” are the kind of tools that NEM uses to handles business data. "Smart asset systems" help to use NEM as if it were a custom blockchain built to handle your assets.
The “Smart Asset System” can be broken down into four attributes
Addresses are the containers that hold coins, contracts, or business records. These containers could be something like a user’s account which holds coins or something like a carton to be shipped, or the document to be authorized.
Namespaces let you create a dedicated place to keep your assets on the NEM blockchain, thus giving your assets identification and make the assets easy to use and credible.
Mosaics is something like a digital item or digital token. It may be something like a coin, stock shares, a signature, a status update or more.
Transactions let you transferring assets(Mosaics) between Addresses or transferring the ownership of Addresses
This is the list of NEM potential use cases as describes on its website.
- Financial services companies can use NEM blockchain for instant payments
- Creating your Own Cryptocurrency without the knowledge of a single piece of code. You can set your own coin transaction fee.
- XEM the native cryptocurrency of NEM blockchain can be used for the online payment. NEM blocks take 60 seconds to complete, making transactions confirm swiftly
- NEM can be used for mobile payments because of the fast transaction time and low fee.
- The network has launched a fixed amount of XEM, hence it will never cause inflation and will maintain asset liquidity. Every transaction on the public blockchain requires a small transaction fee, ensuring demand for XEM coins over time
- NEM can also be used for escrow services.
- According to the company, you can also create your own payment system like PayPal. One of the few examples of this is NEMPay app which is an open-source payment application that allows anyone to use the blockchain for peer to peer payments.
NEM seems to be a more stable cryptocurrency than its competitors especially Ethereum for building new applications with support for real business models.
But NEM still faces a lot of challenges as its main competitor Ethereum has a very strong grip on the altcoins market.
How and where to buy Nem 2020
There are numerous ways to buy Nem.
Below I have listed every single way to buy Nem in any part of the world with prominent payment methods.
Buy Nem with credit & debit card 2020.
There are multiple Nem exchanges which allows buying Nem with Credit & debit card directly. Few of the best Exchange are:
1. Coinbase Exchange
One of the trusted and renowned Cryptocurrency exchange to buy coins with Credit & debit card directly (especially for US users). Coinbase exchange currently supports 31 Cryptocurrencies and 18 more coming soon.
It charges a 3.99% fee with a Visa and Mastercard.
You can buy 1000$ worth Bitcoins just by setting up your account.
- If you don’t find Nem at Coinbase Exchange. Then First buy Bitcoin here
- Then transfer Bitcoin to Binance Exchange.
- Later Exchange Nem with Bitcoin at Binance Exchange
Cryptocurrencies supported by the Coinbase are:-
- Bitcoin cash (BCH)
- Ripple (XRP)
- Ethereum Classic (ETC)
- Maker (MKR)
- ATOM (COSMOS)
- Bitcoin SV
- OMISE GO (OMG)
- Augur (REP)
- Basic Attention Token (BAT)
- Loom Network
- District Ox
2. Cex.io Cryptocurrency Broker
Cex.io exchange is also a renowned exchange to buy coins with credit & debit card directly.
Cex.io Exchange charges 7% buying fee if you buy using their brokerage service.
Otherwise, Cex.io Exchange only charge 2.9% Fee with Visa and MasterCard
Cex.io supports 26 cryptocurrencies
Crypto supported by Cex.io are:-
- BitTorrent (BTT)
- Bitcoin Cash (BCH)
- Bitcoin (BTC)
- Bitcoin Gold (BTG)
- Gemini Dollar (GUSD)
- Ethereum (ETH)
- Tether (USDT)
- Chain Link
- OmiseGO (OMG)
- USD Coin
- Ontology Gas (ONG)
- Cosmos (ATOM)
- Ripple (XRP)
- Dash (DASH)
- Zcash (ZEC)
- Litecoin (LTC)
- Stellar (XLM)
- MetaHash (MHC)
- TRON (TRX)
3. Changelly instant cryptocurrency exchange
Best Instant cryptocurrency exchange to buy Nem with a credit & debit card instantly. Changelly supports more than 200 coins. Changelly charges a 5% fee.
You can buy Nem directly without submitting your personal information. Just attach your Credit or debit card and receive coins instantly to your wallet
Changelly supports more than 150 cryptocurrencies. You can read the review to learn in detail
4. Binance Exchange
Binance has recently started service to buy Nem with credit & debit card via simplex. Binance is a leading cryptocurrency trading platform in the industry. The exchange supports more than 1300 cryptocurrencies and thousands of trading pairs.
Although there is no KYC required for trading at Binance but to buy Nem with a credit card you have to provide your personal information.
The same is true for the fee. There is a low trading fee on the Exchange.
But to buy Nem with a credit & debit card you have to pay a 5% to 10% fee of the total buying amount.
Sign up for Binance using the link and receive a 10% discount on the trading fee for a lifetime.
5. LocalBitcoins Exchange
Local Bitcoins is the world’s best p2p (peer to peer) exchange.
If You are unable to find Nem in any of the above exchanges. Then you can buy Nem at LocalBitcoins Exchange indirectly.
LocalBitcoins Exchange allows to buy bitcoin with every payment method possible, using any Fiat currency, and in any part of the world.
On top of this, You don’t need to provide any personal information to buy bitcoin from the exchange.
Local bitcoins charge a 1% transaction fee with both seller and buyer.
You can buy Nem indirectly at LocalBitcoins Exchange in Approximately 30 minutes
Step -1. First Buy Bitcoin with debit or credit card at LocalBitcoins Exchange.
Buy Nem with PayPal directly
The best way to buy Nem with PayPal is to First, buy bitcoin at Localbitcoins Exchange
Then transfer Bitcoin to Binance Exchange. Subsequently, Exchange Bitcoin with Nem.
There is almost no exchange that allows buying Nem with PayPal directly. Therefore, the best way is to buy Nem with PayPal at LocalBitcoins exchange indirectly
Buy Nem with Skrill, Neteller, Payza
Note: – Cex.io is the best Exchange that accepts Skrill as the payment method. If you are unable to find your coin listed at Cex.io Exchange.
Then you can buy Nem indirectly with Payza, Neteller, Skrill at LocalBitcoins Exchange
First, buy Bitcoin with Payza, Neteller or Skrill at Localbitcoins exchange.
Then transfer Bitcoin to Binance Exchange. Then trade Nem with Bitcoin.
Buy Nem with Bank transfer (SEPA, SWIFT)
Note: If You are unable to find Nem at Coinbase or Cex.io Then Buy it Indirectly at LocalBitcoins Exchange.
LocalBitcoins exchange can always be used to buy Nem with every possible payment method (like Gift cards or cash) in any part of the world (indirectly).
- First Buy Bitcoins at Localbitcoins Exchange with your preferred payment method.
- Then transfer Bitcoin to Binance Exchange
- Then Exchange Bitcoin with Nem.
- At last withdraw Nem to the supported wallet
If you don’t find Nem at Binance Exchange or Changelly Exchange
Then you can check above Nem exchanges section. There you can find the Exchanges the Nem is currently trading
Later transfer your bought bitcoins to any of the Nem Exchange and convert them to
Paxful Exchange is an alternative to LocalBitcoins Exchange. But Localbitcoins has a relatively large customer base. Hence, you can find better rates here.
ALWAYS USE HARDWARE WALLET TO STORE YOUR Nem COINS
Frequently Asked Questions
Above shown Nem price is the live price and gets updated every minute.
2. How and Where buy Nem in India with INR?
You can buy Nem in India with INR directly on WazirX Exchange, BitBns Exchange, or Binance exchange via UPI, PAYTM, Wallets or IMPS.
LocalBitcoins exchange can also be used to buy Nem with INR indirectly.
If you wanted to store Nem securely then always use a hardware wallet. Ledger wallet is the cheapest and safest hardware wallet available online.
LocalBitcoins and Paxful Exchange are the two exchanges which allow buying Nem with Apple Pay or any Gift card indirectly
First, buy Bitcoin at Localbitcoins Exchange or Paxful Exchange with Gift card
Then transfer Bitcoins to Binance Exchange or Changelly Exchange.
Then exchange Nem with Bitcoin
Changelly is the best exchange to buy Nem anonymously.
Same as mentioned above LocalBitcoins exchange and Paxful Exchange are the exchanges. Where you can buy Nem with every possible payment method in any part of the world indirectly.
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