NEM stands for New Economy Movement, and it is a blockchain that has been steadily gaining popularity recently. XEM is the cryptocurrency that powers this new blockchain and considering the popularity of industry giants, such as Bitcoin, it has been slowly making a name for itself.
Cryptocurrency traders who are more concerned about the bigger picture regarding the future of the Metaverse find NEM to be a suitable blockchain to invest in, due to its focus on becoming a smarter and more technologically advanced platform.
To gain access to the NEM blockchain, you need XEM coins, and this article will focus on the best ways for you to buy XEM online, as well as provide relevant information about the cryptocurrency.
- 1 XEM Tokenomics
- 2 Where to Buy XEM
- 3 Best Place To Buy XEM
- 4 Now Let’s Buy Some XEM
- 5 How To Buy XEM Using PayPal
- 6 How To Buy XEM Using a Credit Card
- 7 Safe Storage
- 8 Alternate Ways To Buy XEM
- 9 How To Invest in XEM
- 10 Conclusion
The true value of a particular cryptocurrency lies in the services it can offer to its investors, and the same rule applies to XEM tokens. Lucky, for example, offers its users the chance to win regular jackpots. What does XEM have to offer its investors to make it the preferred option?
As mentioned before, one of the main things that attract users to the NEM blockchain is its focus on technological advancement and improvement of how crypto platforms operate in general.
While this is good enough to bring investors to the platform, it is not the only thing that determines the value of XEM coins. The developers of NEM decided to support the value of their XEM currency by choosing to mint a limited number of XEM coins for circulation.
There are only 9 billion XEM in circulation, and because no new coins will ever be minted, the value of the NEM blockchain will continue to increase as XEM becomes more and more scarce.
This form of limited supply is one of the many variables used by developers in tokenomics to control the value of their cryptocurrency, and so far it has helped XEM to do very well on the online currency exchange platform.
Currently, NEM is operating at 14% of XEM supply circulation, and this number has to increase for the blockchain to become more stable and decentralized. However, recent growth figures suggest that XEM is increasing in popularity and will soon reach the required levels to maintain NEM stability.
Where to Buy XEM
Potential NEM investors need to know how to buy XEM, the coin that will allow them access to the blockchain platform. There are a variety of ways through which you can purchase XEM, and which method you choose depends on individual preferences, your location, and the type of payment option that you can use.
There are a few good options to choose from, and these are:
- Through a compatible exchange platform
- Using XEM ATMs
- Via mainstream brokerages
- Through P2P exchanges
Best Place To Buy XEM
The easiest way to buy XEM, especially for beginners who are new to the ways of online trading is by using a compatible cryptocurrency exchange platform. There are many great options for you to choose from, such as Binance, Capital.com, and Bittrex.
However, they all have their various pros and cons, so users can decide which one is best for them based on personal preferences. The ease of use is also different for each platform, along with other things, such as diversity of features, fees, and ease of withdrawal.
Looking at all these aspects, Capital.com appears to be the best option, thanks to the user-friendly interface, popularity, list of features, low fees, and security of the platform. We ran a test ourselves and found that buying XEM on this platform is quick and easy enough for anyone to do it.
All you need to do is follow the following steps.
Step 1: Open an Account
The process is quick and easy via the online registration portal on the webpage. Just open the page and click either “Open Account” or “Trade Now” to get the process started.
Step 2: Fill out the information, then Click “Continue”
You will be asked to provide some important information such as your name and email address before being allowed to continue. An alternate way of providing this information is to register using an existing Facebook, Gmail, or Apple account.
Step 3: Add Personal Information
Once you have filled out the information required, click “Complete Registration,” which will direct you to the next page where you will be asked to provide your country, nationality, and place of birth. This is important because not all countries support trading platforms such as Capital.com. When you are done, click “Continue” and move on to the last registration step.
Step 4: Identify Yourself
According to the KYC rules and regulations, all legitimate trading platforms need to have detailed knowledge of their clients, which is why you will be required to identify yourself by providing a copy of your identity document, as well as a picture ID. Once this is done, select the appropriate country and click “Next” to end the process.
Now Let’s Buy Some XEM
You might need to wait for a little while for the platform to finish verifying your identity and give you full access to the platform, but once this is done you can immediately start trading. Follow these easy steps to buy XEM using Capital.com:
Step 1: Search for XEM
On the main trading platform, search for “pancake” or “cake” in the search bar. This is the easiest way to initiate the process of trading XEM by easily swapping your coins for XEM.
Step 2: Open a Trade
You will see a page that has all the relevant information that you will need to begin trading, such as the relative prices of Pancake and XEM. Click “Open Trade,” and head over to the next couple of steps.
Steps 3&4: Select the amount and Buy
Depending on your budget, and your intended use for XEM, compare the market prices of XEM and Pancake so you can decide how much you want to buy. To the right of the screen, you will see a panel where you can enter the exact values of how much XEM you wish to purchase. Once you have entered these values, click “Buy,” to confirm the order.
Step 5: Fund Your Account
The last step is to fund our account on through the Capital.com platform using any one of the accepted deposit options of your choice. Choose your payment method, for example, debit or credit card payment, and enter the amount you wish to deposit. After you have entered all the relevant card details, click deposit, and you are done!
How To Buy XEM Using PayPal
PayPal is one of the easiest online payment options available that are both convenient and secure. However, not all Exchange platforms accept PayPal as a preferred method of payment, but luckily, Capital.com does.
You can simply use the Crypto trade option that is available on the main PayPal webpage and it will help you to navigate through the easy process that allows you to access your Capital.com account and make the required deposit.
How To Buy XEM Using a Credit Card
Another popular method that is also compatible with platforms, such as Capital.com is using a credit card. It has a lot of the same security features that are found in all regular banking systems. This means for people who are new to online trading, the credit card option provides a more familiar payment method.
The disadvantage of using a credit card is that it allows the user to use a lot more money than they might have in their account, so there is a significant risk of going over your budget.
The large amounts of money that are invested in the NEM blockchain mean that security is a very important concern. Luckily, the exchange has top-of-the-range security features that are backed up by SSL encryption software.
This makes it very difficult for hackers to gain access to your account. However, the easiest way for online predators to hack your wallet is through you. Do not share your login details and password with anyone under any circumstances. You should also make sure that you set a strong password that is not easy to guess.
Alternate Ways To Buy XEM
If you would rather use an alternative way to buy XEM besides using an online currency exchange platform, such as Capital.com, there are other options available. The following are all possible ways through which you can easily make your XEM purchases:
How To Invest in XEM
Buying XEM is an investment, meaning you should expect to make a profit from your purchase at some point. One common way to do this is by simply waiting for the price of XEM to go up and then selling the coins at a profit.
However, other ways might be more effective, such as stacking. This is a basic reward system for those who dedicate their time and effort to discovering new NEM blockchains. Stacking is discussed in detail below:
Those who wish to buy XEM using ATM facilities can easily do so thanks to the 30,000 crypto ATMs that are distributed in 78 countries around the world. Although this process is not complicated, we would not recommend that you use it for security reasons.
By using an ATM you expose yourself to being the next victim of thieves and hackers who specialize in stealing from ATM users. However, if you insist on using an ATM, there are websites you can use that will help you locate compatible ATMs, but we strongly advise against this option.
Another popular way of buying XEM is directly from another investor who already has the coins and wishes to trade for other forms of cryptocurrency. To make this easier, various trading platforms offer P2P exchanges, and some of them are discussed below.
A lot of mainstream brokers give their users the option to easily buy crypto on their platforms, which means this is a great way to purchase XEM coins. However, not all brokerages are the same.
Capital.com has proven to be the best option for buying XEM, but to help you choose, look through the following table for different options:
If you are thinking of investing in the NEM blockchain by purchasing XEM, then now is the best time to do it. The platform has been steadily gaining momentum and it seems that it will be very stable and secure soon.
Its focus on becoming a smarter and more technologically advanced platform gives it a lot of advantage over similar platforms, making it a great investment opportunity