NEM price (XEM)

Add to Watchlist

$0.216758 AUD

Market cap

$2.0B

Volume 24hr

$81.4M

Supply

9.0B XEM

What is NEM?

Zero Inflation
Built from the ground up
Smart Asset System

‘New Economy Movement’ or NEM is a Blockchain engine that enables businesses to easily apply Blockchain Technologies on their processes.

NEM is a developer friendly platform that focuses on fast and secure development by offering a set of built-in features that do not require complex smart contracts nor a specific language.

NEM is built from scratch as a powerful and streamlined platform for application developers of all kinds, not just as a digital currency (XEM).

XEM is the token for the cryptocurrency NEM (New Economic Movement). NEM is a decentralised, peer-to-peer cryptocurrency and blockchain platform that launched in March 2015 in Singapore. NEM is not a fork of another coin but was built from the ground up with the aim of creating an enterprise grade blockchain solution that can seamlessly integrate with existing business systems. NEM can process 3000 transactions per second. Since all XEM coins have already been distributed, there’s no way to earn new XEM aside from buying XEM or earning it by becoming a harvester or supernode. Instead of mining, NEM has a feature called harvesting. It doesn’t require any special hardware, but you do need to buy XEM (10,000) or have at least 10,000 vested XEM coins to start harvesting. The advantage of harvesting is that it uses a lot less electricity than the Bitcoin mining algorithm. As such, NEM is a much more energy-efficient cryptocurrency than Bitcoin. When you buy XEM in the NEM network you’ll tap into system that allows users to customise their own blockchain to create a place to securely store their digital assets. To start the process to buy XEM you need to consider that XEM isn’t listed on every possible cryptocurrency exchange around the world, so the first step is to find a suitable exchange that lists XEM in one or more currency pairings. You can then sign up or open an account with your chosen crypto exchange. This may require you to show photo ID before you can start trading. Not every exchange is the same in this regard so make sure you read all about how to open an account with the exchange you’ve chose to use to buy XEM coins. In order to buy XEM, some exchanges will allow you to purchase them by depositing your real world currency into your account. Other exchanges will require you to first purchase bitcoin or ethereum coin and then trade them to buy XEM. This may influence your list of attributes that a preferred crypto exchange may need. When you buy XEM you’ll need to have a crypto wallet to store them in. Most reputable crypto exchanges will make a suitable wallet available for you and will store it in their exchange for you. You may want to increase the security when you buy XEM by removing your crypto currency from online storage to a hard wallet alternative. This will prevent hackers of exchanges gaining access to your XEM.

How do I buy NEM?

  1. Deposit funds into your Cointree account using our fast and convenient options.
  2. Enter the amount of NEM that you would like to buy.
  3. Confirm your purchase and NEM will be instantly delivered to your Cointree account.

Don't have an account? Click here to get started

Why is Cointree the best place to buy NEM?

Easy and convenient

We'll guide you through your first purchase. We offer many deposit methods and like to keep things simple and easy to understand.

Fast and transparent

Buy NEM within minutes. Our low fees are backed up with transparent quotes. Get more NEM for your money.

Safe and secure

Buy NEM safely knowing you're using an AUSTRAC regulated Australian exchange that's been around since 2013.

Made for you

We listen to our members. Easy yet powerful trading between any of our 100+ coins instantly (5,000+ trading pairs). Track your assets daily performance from your account with ease.

What can you do with your NEM?

Hold NEM

A lot of members like to hold onto their NEM in case it increases in value. You can hold your NEM in your Cointree account or transfer it to a private wallet.

Trade NEM

Cointree allows you to trade any portion of your NEM to over 100 other digital currencies instantly.

Send NEM

When buying NEM with Cointree, you are able to send your NEM to any other NEM wallet easily and instantly.

Spend NEM

You can use NEM to buy many things online aswell as in physical stores. More businesses are accepting NEM every day.

Learn About NEM

Cointree provides a comprehensive learning hub to turn you from a beginner to an expert in no time.

Pay Bills With NEM

You can pay any Australian BPAY bill using any digital currency.

Buy in just a few minutes

Start with as little as AUD $20 and pay with your bank account.