
How to buy NEM

1. Compare crypto exchanges
The easiest way to buy NEM is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.

2. Create an account
To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.

3. Make a deposit
Once verified, you can deposit zł using the payment method that best suits you – cash, credit card, cryptocurrency and neteller payments are widely accepted.

4. Buy NEM
You can now exchange your funds for NEM. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your NEM to your personal wallet.
Where to buy NEM in Poland
Find an exchange to buy, sell and trade XEM by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Steps on how to buy NEM
Look for an exchange that supports both fiat and cryptocurrency to simplify buying NEM.
- Compare cryptocurrency exchanges that supports XEM.
Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later. - Create an account on an exchange.
You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address.. - Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy NEM. - Buy NEM.
Complete your NEM purchase and then find the best wallet to store XEM.
What to consider when buying NEM
Cryptocurrencies are risky and complicated, and buying any one of these volatile assets is a highly speculative move. With this in mind, it's important to carefully research any cryptocurrency before you buy. If you’re thinking of purchasing XEM, consider the following factors first:
- Importance score. NEM is designed to reward accounts that participate in the economy. The balance of an account, who transacts with that account and how much it transacts with others are all taken into consideration to calculate an account’s importance. This importance score then determines who is allowed to generate a block on the network.
- Harvesting. In the NEM system, harvesting is the process of generating blocks and earning the transaction fees in that block as a reward. In order to harvest, you’ll need to have a vested account balance of at least 10,000 XEM. When coins are added to your account, they start out as part of the unvested balance but become vested gradually over time.
- Governance. COMP token holders are able to actively participate in the development of the Compound platform. They can vote on governance issues and put forward community-led proposals. These topics range from the upgrade of outdated features to the addition of coins to the lending platform.
- Competition. NEM isn’t the only crypto focused on smart contracts or smart assets. Ethereum (ETH), Cardano (ADA), Polygon (MATIC), Solana (SOL) all have significant public exposure and will be competing with NEM on one level or another for mass adoption.
- Use-case. In the real world, NEM’s Smart Assets System is designed to manage all manner of digital assets, including everything from stock ownership and loyalty rewards programs to supply chains and health records. It can also be used to create your own cryptocurrency or crowdfunding token.
- Funding team. NEM is backed by the Singapore-based NEM Foundation which has a mission to 'introduce, educate, and promote the use of the NEM blockchain technology platform on an international scale to all industries and institutions'.
How to sell NEM
You can cash out your XEM with the same exchange you bought it through:
- Sign in to the exchange you have XEM on.
If you store your NEM in a digital wallet, compare crypto exchanges to sell it on. - Place a sell order.
Choose the amount of XEM you'd like to sell. - Complete your transaction.
Confirm the sell price and fees and close your sale of NEM.
Disclaimer: Cryptocurrencies, including NEM, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of XEM is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the NEM or any other cryptocurrency discussed.
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