NEM is a Cryptocurrency, the network powered by PoS+ enhanced (consensus mechanism based on original technology) algorithm. The original software was developed by UtopianFuture and first released April 1st, 2015. Nowadays the cryptocurrency is managed by the NEM Foundation, an organization based in the SG. Smart Contracts are supported by the NEM blockchain. The official NEM website is https://nem.io.
As of today, May 31st, 2023, out of totally available 8,999,999,999 XEM, 8,999,999,999 are in circulation. It's not possible to mine nems. The total market capitalization of nem is $293,458,400, the rank among other cryptocurrencies (based on the capitalization) is #125. The current rate of 1 XEM is $0.03 USD.
NEM (currency code XEM) stands for the New Economy Movement. NEM aims to introduce "a new economy based on the principles of financial freedom, decentralization, equality, and solidarity". NEM is a dual-layer blockchain that is written in Java; it was inspired by the NXT cryptocurrency (one of the first attempts to create "Bitcoin 2.0"). The network supports multiple ledgers (multi-signature technology, allowing cooperative account usage, etc.). it's built around the “Smart Asset System” and provides an API interface, allowing to write Smart Contracts in any programming language. It makes possible any customized use of the blockchain, "as if it were a custom blockchain built for (the user's) application and assets".
The native currency XEM can be "harvested" using unique PoI (Proof of Importance) consensus algorithm, similar to PoS where "money makes money". The Importance is determined by the number of coins the user has and the number of transactions associated with the wallet. One of the key algorithms is Eigentrust++, a reputation system, and a security clustering algorithm that monitors the behavior of nodes in the network in the past and enables nodes to give reputation to the neighbors in clusters.
NEM is currently supported by 31% of exchanges (4 of 13) currently having active orders at ExchangeRates.Pro: 2 Exchange Brokers, 2 Trading Platforms have offers, allowing you to buy and sell XEM. Let's check and compare which of these exchanges will suit you the best, dear visitor!
There are some worthy and undoubtedly good, trusted exchanges among the ones with XEM support. One of them, EXMO trading platform, is really special! Our visitors and the ranking algorithms came to this conclusion while comparing and reviewing the websites and apps exchanging NEM. The service is extraordinarily fine, very few of the rest 332 exchanges and 15 trading platform sites we compare could receive such kind words in the testimonials and so impressive numbers in the results. It's so good that we feel obliged to share our experience with you, dear guest! Let's mention the key fact and describe the most important features making EXMO an ideal trading platform for buying, selling and exchanging XEM in United States:
EXMO is a Trading Platform; EXMO Finance LLP (dba EXMO) had started the project back in May 2013. The company is incorporated in the United Kingdom and headquartered in Polegate. The official street address of EXMO is 49 Station Road, Polegate, England. The operational entity is a registered, regulated and licensed financial company. License granted by the Financial Conduct Authority (FCA) UK, the Firm is holding the Crypto Asset Business license. EXMO had also obtained the MSB status with the US FINCEN: registration number 31000165989944. This is a highly trusted, undoubtedly a reputable, a long-standing, settled service. Trading Platform works with 27 cryptocurrencies and tokens: ADA, BCHABC, BTC, BTG, DAI, DASH, DOGE, DOT, EOS, ETC, ETH, LINK, LTC, NEO, OMG, SOL, TON, TRX, UNI, USDC, USDT, WAVES, XEM, XLM, XRP, ZEC, ZRX.
The customers are welcome to buy and sell coins and tokens with 5 national aka fiat currencies: EUR, GBP, PLN, UAH, USD. Totally 9 payment systems and banks are at your's disposal. Besides, we can swap the cryptos and tokens, converting one into another. Apart from the currencies conversion operations, exmo.me is offering some other services, that could be interesting for crypto-users, like Cash codes, OTC trading, Margin Trading. Impressive, right? The features that our users enjoy the most out of this wonderful platform:
EXMO currently provides 4 ways of purchase and sale NEMs in United States with the national currencies and the most exciting news are that the payments in US Dollars are possible:
Sweet! Buying and selling with fiat aside, there are 26 cryptocoins and tokens exchangeable with XEM: ADA, BCHABC, BTG, DAI, DASH, DOGE, DOT, EOS, ETC, ETH, LINK, LTC, NEO, OMG, SOL, TON, TRX, UNI, USDC, USDT, WAVES, XEM, XLM, XRP, ZEC, ZRX can be converted to NEM and vice versa any time you please.
Our own examination and the analysis of a community vote concludes this trading platform stands out from the competition. Hence we award EXMO with a special status: the best Trading Platform in North America! A magnificent outcome and it's fairly earned; it says a lot bearing in mind that we rate and compare 333 exchange websites and apps! Summing up, both together our algorithms and the actual users choosing EXMO as one of the most trusted, convenient and credible services operating in North America. It surely deserves a try!
Although all the exchanges supported by ExchangeRates.Pro are well-known, reliable, and trustworthy (all were thoroughly checked by our staff before listing), we've selected the best of the best for you. Exchanges that were top-rated by various sources, some are providing really outstanding service you'd love and remember. We (staff and the software) selected some of the most trusted platforms for our comparison and this top list, based on customers' feedback, time in the business, reputation, our own and independent reviews and other factors. Please note that we include only the "buy and sell" exchanges here, where you can swap xem with fiat (national) currencies. Here are the top exchanges to buy and sell nems in United States:
Are you looking for the best place to buy nems? Of course, you are! Our price comparison of exchanges is here to help, although the easiest way is to check the best offers right away @ ExchangeRates.Pro, feel free to compare yourself. Let us show you what banks and payment systems you can use to buy and sell XEM, based on your location and preferences.
At this moment, there are 1 offers to buy NEM in United States. Our software is collecting the statistics about the popularity of specific local banks and payment systems. Usually, the top ones that are the most popular are also very convenient. Otherwise, why would these become so popular? You can choose any of these right away, please be our guest:
We've compared a lot of offers to find the top ones; right now we have 3 ways for you to purchase nem available worldwide. Enough to choose from, right? Please keep in mind that not all of these may be possible to pay with US Dollar, the ones that will surely be good for the domestic currency are a little bit above. The top popular ways to purchase XEM crypto:
Even the greatest XEM HODL GANG members sometimes have to sell some of their precious coins. It's alright, everyone does it sometimes and we are here to help! We know you want to find the buyer which will give you the highest price, there are such ones at our platform — check ExchangeRates.Pro now to find the highest rate to sell nems to US Dollar and 152 more local currencies! There are various opportunities to swap your coins to hard cash, we list the most requested ones below.
Sometimes you may need to transfer the money to another country. If you are holding XEM, it makes sense to exchange some of these coins to the currency of that country. We can't know where exactly you would like to send the funds, so we will show you the most requested banks and payment systems worldwide you can send the transfer to. There are totally 2 options to out-exchange the xem to fiat; the most frequently used banks, money transfer operators and global payment systems are:
Did you know that it's possible to exchange XEM to 48 other cryptocurrencies? It's possible to convert NEM to/from 96% of crypto coins supported @ ExchangeRates.Pro. Some of these are really great ones (we don't list useless coins and tokens at our website), that's why we've prepared a list of exchange opportunities available. There are totally 96 swap possibilities with XEM and other coins and tokens. Coin to coin exchanges are safe, easy and beneficial when you are using our service, don't worry! Feel free to get all the best rates to swap XEM with other cryptos @ ExchangeRates.Pro right away or refer to the list of most highly demanded exchange directions first: