Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.
This cryptocurrency is not available for withdrawal to external crypto wallets. It can be bought, held, and sold on Uphold.
Digital currencies are very high risk. Do not invest money you can’t afford to lose. Please consider the suitability of crypto for your individual position before trading.
About NEM (XEM)
NEM stands for ‘New Economy Movement’. Not ‘just another’ blockchain, but a smarter, more dynamically advanced blockchain. The Founders call the project a ‘Smart Asset Blockchain’, which can manage assets, data and do away with the issues that other blockchains face such as long transaction times and network congestion. This makes it potentially a more viable project for partnerships and companies using the NEM platform.
NEM is the first cryptocurrency to create their code from scratch after Bitcoin. It was originally a fork of the cryptocurrency NXT but then evolved to become NEM (XEM). NEM is run by the NEM.io foundation in Singapore, a non-profit organisation. XEM is the currency used on its blockchain. However, it has yet to enjoy wide adoption by merchants as it is still in the early stages. Today, (9.10.2020) XEM is only being used to pay other members of the NEM community and to transaction fees on the NEM platform.
How to buy NEM
With Uphold, you can set up an account, verify your identity and buy crypto with ease.
Here is how:
1. Go to Uphold.com and click ‘Sign up’
2. Enter your email address, phone number and your personal details
3. Tell us how you plan to use Uphold and provide some basic financial information (e.g., employment status and source of funds)
4. Verify your identity by providing an ID document and taking a ‘selfie’
… and you’re off to the races!
Just start trading.
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