NEM is a Cryptocurrency, the network powered by Custom (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, November 30th, 2020, 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 $1,625,777,585, the rank among other cryptocurrencies (based on the capitalization) is #19. The current rate of 1 XEM is $0.18 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 25% of exchanges (2 of 8) currently having active orders at ExchangeRates.Pro: 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!
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 one exchanges to buy and sell nems in United States:
Besides the abovelisted great exchanges, serving United States among other countries, there are also very good international ones among the websites exchanging nems (exchanges that accept US, but don't allow fiat payments there are also in this list). So, if you want to pay using a payment method from abroad (say, you are originally from another country and want to buy or sell nem using the bank account or local payment system from there) or if you are looking for an exchange for someone else, we have another top list prepared for you! Of course, we can't know what is that country you are looking for, but we have two options for you, both good. You are welcome to either find the best ones yourself from all offers available at our comparison @ ExchangeRates.Pro, or feel free to check this selection of top one highest-ranked XEM exchanges from all around the world:
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 315 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 from United States, the ones that will surely be good for this country 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 151 more local currencies! There are various opportunities to swap your coins to hard cash, we list the most requested ones below.
There are currently 4 opportunities to cash out your nem coins in US. You'd likely need to out-exchange the crypto to pay for some local expenses, shopping, etc. It's reasonable to choose the safest and most comfortable option — a local bank you are using, your preferred payment system or cash in your city. Here is our top list of the ways other people in United States prefer to exchange nem to fiat:
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 1,122 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 30 other cryptocurrencies? It's possible to convert NEM to/from 91% 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 61 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: