wNXM is a token by the Decentralised Autonomous Organisation (DAO) known as Nexus Mutual. The main goal of the NXM token is to tokenise membership. Tokens can buy claims assessments, risk management, and governance within the NXM protocol. However, the wNXM token goes beyond what Nexus Mutual or NXM can do. wNXM can be owned by any Ethereum address but NXM must only be owned by members of the NXM network. That means the wNXM token allows users to have a version of the NXM token that is freely tradable among users. In addition, it can be acquired by an automated market maker such as Uniswap. Technically, Know-Your-Customer Users (e.g., NXM members) are the only people who can wrap and unwrap the NXM token. That is because the core token supply of NXM has to remain compliant with regulatory standards.
The best place to buy Wrapped NXM is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Wrapped NXM (WNXM). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of WNXM is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Wrapped NXM with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy WNXM instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
0% Period: Last 24 hours 0%
This should not be used to make investment decisions.
4054 Reviews on
Loving Swyftx. The most impressive thing I love is they answer my questions within an hour. Communication is the key!!!
When I had questions the team was really quick in getting back to me. They walked me through the problem and nothing was a hassle for them.
Safety crypto exchange in Australia
Excellent experience using easy to navigate for beginners no issues at all
Had someone try to access my account from overseas, and the swyftx team were straight onto it. They put a hold on my account and then took me through ...