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How to buy NEM (XEM) in the UK

Learn how to buy NEM (XEM) in our step-by-step guide.

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Kriptomat Cryptocurrency Exchange

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  • Buy XEM and 350+ other cryptos
  • Store your coins in a digital wallet
  • Low crypto to crypto trading fees
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NEM (XEM) is the 129th largest cryptocurrency by market cap, valued at US$284,524,946.

NEM is a highly volatile asset capable of major price swings in a single day. Today XEM is trading for $0.03158561 USD, which is lower than yesterday's trading price of $0.0317884745 USD. Over the past year, NEM's price has seen a decrease of -35%.

So before you buy NEM, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy NEM.

How to buy NEM in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  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 GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy NEM
    You can now exchange your funds for NEM. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your NEM to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy NEM in the UK

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 exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
1 - 2 of 2
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Uphold - Digital Asset Platform
Uphold - Digital Asset Platform
Bank transfer (ACH), Debit card, Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

214
cryptocurrencies

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Kriptomat Cryptocurrency Exchange
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Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

347
cryptocurrencies

Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
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How we keep this NEM guide up-to-date

  • XEM price data is regularly updated through data feeds so you always have the latest information.
  • NEM performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy NEM?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy NEM?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading NEM.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing XEM with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy NEM?

The easiest way to buy XEM is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying XEM, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of NEM has been performing recently.

Best NEM wallets to store your XEM

You can keep your XEM on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your XEM below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is NEM a good investment?

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'.

Additional information about NEM can be found using our XEM analysis tools.

Today's NEM price versus ATH

Compare today's price of NEM ($0.03158561 USD) against its all-time-high price of $1.87 USD on 07 January 2018. The closer the bar is to 100%, the closer XEM is to reaching its ATH again.

NEM's price: $0.03158561
ATH date: January 07, 2018
1.69%

NEM ATH: $1.87


How to trade, convert or sell NEM

You can convert or sell your XEM with the same exchange you bought it through:
  1. Sign in to the exchange you have XEM on.
  2. If you store your NEM in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of XEM you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of NEM.
  6. Complete your transaction and move your XEM to a wallet for storage.
  1. Publish0x
  2. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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