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What is NEM (XEM)?

NEM calls itself the smart asset blockchain. What does that mean? NEM was an acronym of the phrase New Economy Movement and was founded by a Singapore-based non-profit organization. NEM implements a Proof-of-Importance blockchain. It gives more weight to those who are more invested in the ecosystem. NEM’s main aim is to develop smarter and more technologically advanced blockchain than its predecessors. According to the technology news from the Investopedia, NEM doesn’t want to be considered just like another altcoin, and also not just like another blockchain. In some indirect way it states that it is superior and unique from the rest of the cryptos. It seeks to enable an efficient hustle-free way to manage data easily and at lower transaction fees or costs.Β 

How to Buy NEM in New Zealand

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy XEM

Frequently Asked Questions

Where is the best place to buy NEM?

The best place to buy NEM 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.

Is Swyftx Safe to buy NEM?

Yes, Swyftx is a safe and secure platform to buy and sell NEM (XEM). 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.

How is the price of XEM determined?

The price of XEM 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.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:

  • Bank transfer
  • OSKO
  • PayID
  • POli
  • Credit or debit card

Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

Can I buy NEM with credit card?

Swyftx does not allow you to directly buy NEM with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy XEM instantly.

What are Swyftx's trading fees?

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.

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.