Buy NEM: A Comprehensive Guide on How to Buy XEM – Best Exchanges & Brokers

NEM, a leading cryptocurrency, has experienced significant growth since its launch. With its advanced technology and strong community, it continues to attract many investors. We’ll show you easy, quick, and secure methods to buy and store NEM. To keep it simple, we believe Coinbase is the top choice for buying NEM. Why Coinbase?

The following table explains why Coinbase is the best choice for buying NEM.

Exchange
Rating
Fees	0,15%	0,10%	0,99%	1,5%	1%	1%
Cost per $1,000	$1,50	$1	$9,90	$14,90	$10,00	$10,00
Cost per $100,000	$150	$100	$990	$1,500	$1,000	$1,000
Transfer to external wallet
Security
Details	Trusted by BlackRock	Super low fees	Big portfolio	Secure but expansive	Fast verification	Variety of Memecoins
Link	Coinbase	Binance	Kraken	Bitpanda	Anycoin	ByBit

Buy NEM on Coinbase

NEM, a revolutionary cryptocurrency, has gained significant traction in the crypto space with its innovative blockchain technology. Its growing popularity among investors is due to its scalability, security, and fast transactions. In this guide, we’ll show you simple, fast, and secure ways to buy and store NEM. To keep things easy, we recommend Coinbase as the best option to buy NEM. Why Coinbase?

Coinbase is a regulated crypto custodian with licenses worldwide. This means Coinbase adheres to strict security standards and is monitored by financial authorities. Even BlackRock, the world’s largest asset manager, trusts Coinbase with the custody of Bitcoin for its Bitcoin ETFs, which highlights the top-notch security Coinbase offers.

While you have the option to use external wallets, Coinbase provides a secure environment for storing your NEM. Unlike other platforms that may impose delays on withdrawals, Coinbase processes them quickly, ensuring fast access to your funds.

Cost-effectiveness is another benefit. Coinbase’s fees are very competitive, starting at 0.15%, much lower than the industry average. For comparison, other platforms like Bison, associated with the German stock exchange, charge up to 1.5% for NEM transactions.

Coinbase places a strong emphasis on user security, offering features like two-factor authentication to add an extra layer of protection to your account. Customer support is also available, typically responding within 24 hours. (We can personally attest to their efficient and helpful support team.)

The platform itself is user-friendly, designed for both beginners and experienced traders. With dedicated apps for Android and iOS, you can manage your NEM portfolio and execute trades easily from anywhere.

Coinbase is one of the most popular and accessible platforms to buy NEM (XEM). Here’s how you can buy NEM easily, securely, and quickly on Coinbase.

Step 1: Sign Up for Coinbase

To start buying NEM, you need to create an account on Coinbase. Visit Coinbase.com and click “Get Started.” You will be asked to enter your name, email, and a password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Coinbase requires identity verification to comply with regulatory standards. You will need to upload a government-issued ID and provide personal details like your address and date of birth. This verification process typically takes a few minutes.

Step 3: Add a Payment Method

To purchase NEM, you need to link a payment method. Coinbase supports several options, including:

• Bank Account: Link your bank account for lower fees and higher transaction limits.
• Credit or Debit Card: Great for faster purchases, but fees are typically higher than bank transfers.
• PayPal: Coinbase also supports PayPal for deposits and withdrawals in certain countries.

Step 4: Buy NEM

Once your account is set up and your payment method is linked, you’re ready to buy NEM!

1. On the Coinbase dashboard, go to the “Buy/Sell” section.
2. Select NEM (XEM) from the list of available cryptocurrencies.
3. Enter the amount of NEM you wish to purchase, either in your local currency (e.g., USD, EUR) or XEM.
4. Choose your payment method (e.g., bank account, credit card).
5. Review the transaction details, including any fees, and click “Buy Now” to complete the purchase.

Step 5: Store Your NEM Securely

After purchasing NEM, it will be stored in your Coinbase wallet. For added security, we recommend transferring your NEM to a personal wallet (such as a hardware wallet from Ledger or Trezor) instead of leaving it on Coinbase, which is an online exchange.

Benefits of Buying NEM on Coinbase:

• User-Friendly Interface: Coinbase is known for its easy-to-navigate platform, making it perfect for both beginners and experienced traders.
• High Security: Coinbase uses top-tier security measures, such as two-factor authentication (2FA) and insurance for funds stored in Coinbase Vault.
• Wide Payment Options: Coinbase supports multiple payment methods, including bank transfers, credit cards, and PayPal.

Buy NEM on Binance

Binance is one of the largest and most popular cryptocurrency exchanges globally, renowned for its high security and user-friendly platform. Until recently (May 2019), it was not possible to directly buy NEM using Euro (EUR) or US Dollars (USD) on Binance. However, this has now changed, and you can easily purchase NEM with a credit card or trade NEM using different cryptocurrencies. In this guide, we’ll walk you through both options!

Step 1: Register on Binance

Unlike many other exchanges, Binance offers the option to verify your identity. While this is not mandatory, completing the verification process will allow you to increase your daily withdrawal limit to 100 BTC (or its equivalent in NEM). Without verification, the daily limit is 2 BTC and you can still use all the other platform features.

Step 2: Buy NEM with a Credit Card

To buy NEM via credit card on Binance, follow these steps:

1. Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and then select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose NEM (XEM) as your cryptocurrency and select your payment currency (Euro or USD).
3. Enter Your Personal Information: Fill in your details in the provided fields.
4. Verify Email and Phone Number: You will need to verify your email and phone number using a code.
5. Proceed to Payment: After verification, click “Next” to enter your credit card information.
6. Upload ID for Verification: To complete the process, upload the front and back of your passport to verify your identity.

Important Notes Before and After Your Purchase

• NEM Price Fluctuation: The NEM amount displayed is based on the current price and may change. If the rate fluctuates by more than ±2.5%, you will be asked to reconfirm the transaction via email from Simplex, Binance’s third-party provider.
• Transaction Fees: Simplex charges a fee of 3.5% per transaction or USD 10, whichever is higher.
• Transaction Limits: The daily limit for purchases is USD 20,000 per user, and the monthly limit is USD 50,000. The minimum transaction amount is USD 50.
• Track Payment Status: After completing your purchase, you can check your payment status and deposit history through Simplex.

Step 3: How to Trade NEM on Binance

If you already have other cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), or Tether (USDT), you can deposit them into your Binance account and trade them for NEM (XEM). Here’s how to exchange Ethereum (ETH) for NEM (XEM):

1. Deposit Ethereum (ETH): If you already have Ethereum (ETH) on another exchange or wallet, you can directly send it to your Binance Ethereum wallet address. If you don’t have Ethereum yet, you can purchase it on a platform like Litebit. During the purchase process, simply provide your Binance Ethereum wallet address, so Litebit can transfer the ETH to Binance immediately after the transaction is complete.
2. Access the Deposit Section: Once logged in, click on “Funds” in the navigation bar and then select “Deposit.”
3. Find Your Ethereum Wallet Address: In the search box, type “ETH” and select “Ethereum” from the list. You will see your unique Ethereum wallet address, which you can use to transfer your Ethereum from another wallet or exchange to Binance.
4. Exchange Ethereum for NEM: Once your Ethereum has arrived in your Binance account, you can trade it for NEM by going to the “Markets” tab, selecting “ETH/XEM,” and placing an order.

Additional Trading Tips

• Leverage Trading: Binance also offers margin trading with leverage for advanced users, allowing you to amplify your trades and maximize potential profits (with higher risk). Make sure to fully understand leverage before using this feature.
• Security: Ensure you activate two-factor authentication (2FA) to protect your account. Binance offers various security features like cold storage for crypto funds and insurance coverage in case of major losses.

Buy NEM on Kraken

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. This means Kraken adheres to stringent security standards and is overseen by financial authorities, ensuring the safety of your assets. Kraken is trusted by institutional investors, including major entities in the financial world, for the custody of cryptocurrencies, which highlights the extremely high level of security Kraken provides.

Kraken offers the flexibility to use external wallets, but it also provides a highly secure environment for storing your NEM. Unlike some platforms, Kraken processes withdrawals swiftly, allowing you to access your funds promptly.

When it comes to cost-effectiveness, Kraken’s fees are highly competitive. The platform’s trading fees are structured in a tiered manner, with the lowest fees reaching 0.16% for makers and 0.26% for takers, which are notably lower than many competitors in the market.

User security is a top priority at Kraken, with features such as two-factor authentication (2FA) and advanced encryption to protect your account. The platform also offers customer support that typically responds quickly, providing assistance whenever needed.

Kraken is designed to be user-friendly, accommodating both beginners and advanced traders. Its intuitive interface is complemented by mobile apps for both Android and iOS devices, enabling you to manage your NEM portfolio and execute trades conveniently on the go.

Kraken is one of the most trusted and secure platforms to buy NEM (XEM). Here’s how you can buy NEM securely and efficiently on Kraken.

Step 1: Sign Up for Kraken

To get started with buying NEM, create an account on Kraken’s platform. Visit Kraken.com and click on “Create Account.” You will be asked to enter your name, email, and create a secure password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires you to verify your identity to comply with financial regulations. You will need to upload a government-issued ID and provide personal details such as your address and date of birth. This verification process is necessary for your security and may take a few minutes to complete.

Step 3: Add a Payment Method

To buy NEM, you must link a payment method. Kraken supports several payment options, including:

• Bank Account: For lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, though fees tend to be slightly higher than bank transfers.
• Wire Transfers: For larger purchases, Kraken also supports wire transfers in several countries.

Step 4: Buy NEM

Once your account is set up and a payment method is linked, you’re ready to buy NEM!

• On the Kraken dashboard, go to the “Buy Crypto” section.
• Select NEM (XEM) from the list of cryptocurrencies.
• Enter the amount of NEM you’d like to purchase, either in your local currency (e.g., USD, EUR) or in XEM.
• Choose your payment method (e.g., bank account, debit card).
• Review the transaction details, including any fees, and click “Buy Now” to finalize your purchase.

Step 5: Store Your NEM Securely

After purchasing NEM, it will be stored in your Kraken wallet. For enhanced security, it’s recommended to transfer your NEM to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on Kraken, an online exchange.

Benefits of Buying NEM on Kraken:

• User-Friendly Interface: Kraken is known for its clear and easy-to-navigate design, making it simple for beginners to use.
• High Security: Kraken employs top-tier security measures such as two-factor authentication (2FA) and provides insurance for funds held in its vault.
• Competitive Fees: Kraken offers low, competitive fees, making it an attractive option for both small and large transactions.
• Multiple Payment Options: Kraken supports various payment methods, including bank transfers, credit cards, and wire transfers, to cater to different user needs.

Buy NEM on Kriptomat

About Kriptomat

In contrast to the established broker eToro, Kriptomat is a comparatively young crypto exchange, but no less trustworthy. On Kriptomat, you can buy over 30 cryptocurrencies directly via Euro, USD, etc., and also send them directly to an external wallet. It is important to know that trading is currently restricted to Europe, so investors from regions like the USA are not allowed to use the platform.

The focus is on an easy-to-use and modern user interface that allows anyone to buy and trade cryptocurrencies. Therefore, Kriptomat is our top recommendation, especially for beginners! As far as credibility is concerned, Kriptomat is licensed by the Estonian government with two licenses.

Furthermore, there is another unbeatable advantage of Kriptomat: the fees. Unlike other exchanges and brokers, Kriptomat does not charge a price premium. Your purchase price corresponds to the spot price of NEM. Kriptomat only charges a nominal fee for each transaction, and these fees are transparently displayed when you create your buy order. The deposit fees are structured as follows:

Set up a NEM account on Kriptomat

First of all, you should know that Kriptomat adheres very closely to the legal requirements of the European Union and therefore requires a complete verification of your identity. To buy NEM on Kriptomat, you first need to create an account. To do so, go to the official website kriptomat.io and click on the orange “Register” button. This will open a pop-up window where you have to enter your first and last name, an email address, and a password for the exchange.
Kriptomat will then send you an email with a confirmation link. By clicking on the link, you verify your account. Once you have done this, you can log in to your Kriptomat account with the credentials you just entered. However, at this point, you are not yet finished with the registration.

Before you can buy NEM and use further features of the exchange, you have to enter and verify your phone number. Kriptomat will send you an SMS containing a verification code that you must enter on the website. However, the registration process is not yet complete. Due to the strict EU guidelines, you still need to reveal your full identity. To start the process, simply click on the corresponding prompt (see screenshot).

A new pop-up will then open in which you must first enter your address (street, house number, city, country). You will also need to upload a photo or scan of your passport or ID card. Kriptomat provides an elegant and fast solution for this. You can easily continue the registration process on your smartphone. Just click on the link, and Kriptomat will send you an SMS with a link to continue the process.

You can then take a photo of your ID (front and back) with your smartphone and upload it immediately. The same applies to the final step. To verify your identity, Kriptomat would like a selfie from you. You can allow Kriptomat to access your camera from your smartphone and take a selfie directly.

If you want to buy cryptocurrencies via SEPA bank transfer, it is also necessary to add a bank account to your Kriptomat account in the last step. You can then deposit money via SEPA and use your “credit” to buy NEM and other cryptocurrencies. If you use Neteller, Skrill, or your credit card, this is not necessary. Once you have completed the registration process described above, the following purchase limits will apply to you. There is no distinction between different verification levels, as on other crypto exchanges, because you have already completed the full verification.

Buy NEM on Kriptomat

Buying NEM on Kriptomat is very simple and intuitive. First, go to the tab “Buy/Sell” (step 1) and then select the tab “Buy” (step 2). In the now visible area below, you can select NEM to buy it.
You can then choose from four different payment methods (step 3). While you need to add a bank account to your Kriptomat account to make a deposit via “EUR,” i.e., SEPA bank transfer, the other three options (credit card, Neteller, Skrill) allow you to purchase immediately without having to enter any further data.

In the fourth step (see screenshot), you only need to enter your purchase amount for NEM (XEM). After you click on “Buy NEM,” you will see the transaction fees for the order. To finalize the purchase, you must click “Confirm transaction.”

Kriptomat will then confirm the purchase and redirect you to your “My Wallet” section. Within a few seconds, your purchase amount will be displayed here. A good summary of the purchase process is also provided in the following video tutorial:

Buy NEM at Anycoin

Anycoin is a popular cryptocurrency exchange platform that offers a simple and secure way to buy and sell NEM (XEM) and other cryptocurrencies. It caters to both beginners and experienced traders, providing an intuitive interface and a variety of features designed to make crypto trading easier and more secure.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin provides a straightforward and clean platform, making it easy for new users to start trading NEM and for more experienced traders to access advanced features.
2. Wide Selection of Cryptocurrencies: Anycoin supports a range of cryptocurrencies, including NEM (XEM), Bitcoin (BTC), Ethereum (ETH), and more, allowing you to diversify your portfolio with ease.
3. High Security Standards: Security is a priority at Anycoin, featuring two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions, ensuring your NEM holdings are safe from external threats.
4. Low Fees: Anycoin offers competitive fees for trading and transactions, making it an attractive option for those who want to minimize costs while trading digital assets like NEM.
5. Multiple Payment Methods: Users can buy NEM using a variety of payment methods, including bank transfers, credit cards, and sometimes even PayPal, depending on their location.
6. Fast Transactions: Anycoin processes transactions quickly, allowing you to buy NEM and other cryptocurrencies without long delays, ensuring fast access to your funds when needed.
7. Support for Wallets: While Anycoin provides its own wallet to store your crypto assets, it is recommended to use your personal wallet for added security, such as hardware wallets or other types of secure storage for NEM.
8. Dedicated Customer Support: Anycoin offers customer support to assist with any issues or inquiries that may arise while using the platform, ensuring a smooth experience for users.
9. Mobile Apps: Anycoin has apps for both Android and iOS, allowing you to manage your NEM portfolio and execute trades on the go.

How to Buy NEM on Anycoin:

1. Create an Account: Begin by visiting the Anycoin website and clicking on “Sign Up.” Enter your name, email address, and create a password. Afterward, you’ll receive a verification email to confirm your account.
2. Verify Your Identity: Anycoin will require you to complete a verification process to comply with regulatory requirements. This typically involves submitting a government-issued ID and providing some personal information.
3. Link a Payment Method: To purchase NEM, you need to link a payment method to your account. Anycoin supports various payment options, including bank transfers, credit cards, and PayPal.
4. Make Your Purchase: Once your account is verified and your payment method is linked, go to the “Buy” section, select NEM, and enter the amount you wish to purchase. Review the transaction details and fees, then complete your purchase.
5. Store Your NEM Securely: After buying NEM, it will be stored in your Anycoin wallet. For extra security, it’s recommended to transfer your NEM to a personal wallet (e.g., a hardware wallet) for safe storage.

Benefits of Using Anycoin:

• Simple and Easy to Use: Anycoin’s user-friendly interface makes cryptocurrency trading accessible to everyone, including beginners looking to buy NEM.
• Secure Platform: Advanced security measures, including 2FA and SSL encryption, help ensure your NEM funds are safe from potential threats.
• Variety of Cryptocurrencies: You can easily buy NEM and other major cryptocurrencies on Anycoin, diversifying your investment options.
• Competitive Fees: Anycoin offers low transaction fees, making it a cost-effective platform for trading NEM and other cryptocurrencies.
• Quick Transactions: Anycoin processes transactions quickly, giving you fast access to your NEM purchases.

Buy NEM at ByBit

Bybit is a popular cryptocurrency exchange platform that specializes in trading digital assets such as NEM (XEM), Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Known for its advanced features and high liquidity, Bybit is primarily used by more experienced traders, especially those interested in leveraged trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers a range of professional trading tools including spot trading, margin trading, and derivatives trading (futures contracts). The platform also provides advanced charting features and technical analysis tools to help users make informed decisions when trading NEM and other assets.
2. High Liquidity: Bybit is known for its high liquidity, which is particularly beneficial for traders who need to execute large trades without significant slippage. This makes it a reliable platform for both day traders and those holding NEM long-term.
3. Leverage Trading: One of Bybit’s standout features is its leverage trading options. Users can trade with leverage, amplifying their positions and increasing potential profits. However, this also comes with higher risks, so it’s important to use leverage cautiously when trading NEM.
4. User-Friendly Interface: Despite offering advanced trading options, Bybit maintains an intuitive and user-friendly interface, making it accessible for both beginners and experienced traders. The platform’s clean design helps users navigate the various trading tools easily.
5. Security Features: Bybit places a strong emphasis on security with features such as two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover potential losses during extreme market conditions. These measures help ensure the safety of user funds, including NEM holdings.
6. Mobile App: Bybit offers mobile apps for both Android and iOS, allowing users to trade and manage their crypto assets, including NEM, on the go. The mobile apps have many of the same features as the desktop platform, providing flexibility for traders who need to stay connected to the markets at all times.
7. Fast Transactions: Bybit offers quick and seamless transactions, with order execution speeds often cited as one of the fastest in the industry. This ensures that trades involving NEM are executed without delay, which is crucial in volatile markets.
8. Referral Program: Bybit has a referral program that allows users to earn rewards by inviting others to join the platform. This is a great way for traders to earn additional income while growing the community.
9. Customer Support: Bybit provides 24/7 customer support to help users with any issues or questions. The platform offers support through live chat, email, and other communication channels, ensuring that help is readily available.

How to Buy NEM on Bybit:

1. Create an Account: Start by visiting the Bybit website and clicking “Sign Up.” You’ll need to provide your email address and create a secure password. After registering, you will receive a verification email to activate your account.
2. Verify Your Identity: To comply with regulatory standards, Bybit may ask you to complete a KYC (Know Your Customer) verification process. This can involve uploading a government-issued ID and providing personal information to verify your identity.
3. Deposit Funds: Once your account is set up, you need to fund your account. Bybit supports deposits in several cryptocurrencies, including NEM (XEM), Bitcoin (BTC), Ethereum (ETH), and USDT (Tether). You can deposit these digital assets directly into your Bybit wallet.
   4. Buy NEM: To buy NEM on Bybit:
   • Navigate to the “Spot” trading section on the platform.
   • Select NEM (XEM) as the cryptocurrency you wish to purchase.
   • Choose your trading pair (e.g., XEM/USDT).
   • Enter the amount you want to buy and review the transaction details.
   • Confirm the purchase to complete the transaction.
4. Store Your NEM: After purchasing NEM, you can store it in your Bybit wallet. However, for added security, it’s recommended to transfer your NEM to a private wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on the exchange.

Benefits of Using Bybit:

• Advanced Trading Options: Bybit is ideal for traders looking for advanced features like margin trading and leverage, along with access to a wide range of crypto assets including NEM.
• Fast Execution and High Liquidity: The platform provides fast order execution and deep liquidity, which is crucial for active traders in fast-moving markets, especially for NEM trades.
• Security: Bybit prioritizes user security with features like two-factor authentication (2FA), cold storage, and an insurance fund to ensure the safety of your NEM assets.
• Mobile Trading: Bybit’s mobile apps allow users to trade NEM and monitor their portfolios from anywhere, adding convenience for traders on the go.
• Competitive Fees: Bybit offers competitive trading fees, making it an attractive option for traders looking to minimize costs while buying or selling NEM.
• 24/7 Support: Bybit provides round-the-clock customer support, ensuring any issues or concerns are resolved quickly, allowing you to focus on trading NEM.

Best NEM wallet: Electrum

When using a desktop wallet, we have had very good experiences with the NEM Electrum Wallet. We’ll show you how to download and use it step by step. First, visit the official site and download the wallet (click!). Clicking the link will take you to the website where you can download the wallet. Scroll down a bit and click on the button “Download Electrum“.

Now you’ll land on a page where you’ll need to choose the appropriate wallet for your operating system. If you are using Windows, download the Windows version. For example, if you are a Windows user, click on “Windows Installer” (see picture: red arrow). If you need the app for Android, select the appropriate installer for your device.

Once the file is downloaded, click on the setup file. Select a directory where the wallet should be installed and click “Install”. The installation should take no longer than 2 minutes. Once complete, click “Close”.

Congratulations! The wallet is installed. Now, start the NEM Electrum Wallet by double-clicking the Electrum icon on your desktop. The software will first ask you how you want to connect to a server. For beginners, we recommend selecting “Auto connect” at this point.

Electrum will then detect that you have not yet created a wallet. At this point, click “Continue” and you can give the wallet a name if necessary. You’ll be prompted to choose between different wallet types. If this process seems confusing, we recommend selecting the “Standard wallet” at this stage. The standard wallet is completely free and works very well for most users.

Alternatively, for added security, you can create a “Wallet with two-factor authentication“. You’ll need a smartphone and the Google Authenticator app, which is available on the App Store and Google Play. If you choose this option, there is a fee. We recommend this option because it significantly increases the security of your wallet.

After selecting “Next”, a seed phrase must be generated. This seed is essential for wallet recovery. We recommend choosing the “Segwit” setting as it is the most common address format. The seed will consist of 12 words, which act as the key to your wallet if you forget your password or your computer fails. Therefore, it’s extremely important to note the seed down somewhere safe, preferably on paper, and keep it secure.

In the next step, you’ll be asked to re-enter the seed. Once you’ve successfully done so, Electrum will prompt you to create a password. The longer, the better. Be sure to use numbers and special characters. You’ll need this password every time you open your wallet, so keep it secure.

Now you’re ready to use the NEM Electrum Wallet. Your “Receiving Address” will be displayed in the upper right corner under the “Receive” section. Copy this address and enter it on platforms like Litebit as the “Receiving Address”. Once you’ve entered the receiving address of your NEM Electrum Wallet, simply select a payment method on Litebit and click “Buy”. The transaction should be credited to your wallet within 24 hours.

If you have any questions, feel free to leave us a comment—we’re happy to help!