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$0.001182 0.61%
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What is NEM?

Why should I use NEM when there is Bitcoin?

Bitcoin is purely a crypto currency, like many other digital coins. Some are application specific while some are purely currencies.

Apart from NEM being another crypto currency, NEM is a solution platform, there is more to offer as a platform.

As a crypto currency, it does not require a lot of computing power and energy to run a node.

NEM also advocates low entry barrier with Proof of Importance (POI) instead of the traditional ones that require a lot of stakes or computing power to mine. In NEM we call it harvesting. In addition, it also uses another solution, called Eigentrust ++ to validate and sieve out bad actors in the network.

As an evolving solution, NEM is setting the stage for better things to come.

How do I swap NEM?

Enter amount to swap
Select the quantity of NEM you would like to swap.
Select coin to swap with
Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about NEM

Why Should I Trade XEM with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell NEM no matter what your trading experience is. Unlike other international and Australian NEM exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy NEM with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade NEM how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your NEM?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your NEM for free.

Cold Storage

If you are holding NEM as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy NEM. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for NEM. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
NEM has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As NEM is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual NEM exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in NEM & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying NEM safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your NEM portfolio here.
Yes! With CoinSpot you can convert your NEM to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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