Why use Swyftx to Buy NEM?

Lowest Fees

Swyftx has ~4x lower spreads and ~2x cheaper trading fees when you buy NEM, than our closest competitors.

Instant Verification

Verify online instantly without uploading documents and deposit AUD to start NEM trading in less than 2 minutes.

Secure Accounts

Breached password detection and Two Factor Authentication help protect your account from scammers.

What is NEM?

NEM (XEM), which stands for New Economy Movement, is a dual-layer blockchain that is written in Java and launched in 2015. The NEM mainnet supports multiple ledgers and has a NEM Smart Asset system, where nodes on the NEM blockchain process API calls. Its native currency is XEM, is harvested using its POI (Proof-of-Importance) algorithm. The importance of NEM users is determined by the number of coins they have and the number of transactions associated with their wallet. NEM also has an encrypted P2P messaging system, multisignature accounts, and an Eigentrust++ reputation system.

How do I buy NEM?

To buy NEM, log into the Swyftx crypto exchange, enter an amount of NEM you want to buy, or the amount of Australian dollars you want to sell. If you’re happy with the price, tap the ‘Buy NEM‘ button to complete your NEM purchase. You can deposit AUD via BPAY, OSKO, PayID, POLi Pay, or Bank Transfer as your payment method to instantly purchase NEM and other digital currencies, including ‘alt coins’. Once the transfer is processed, your account balance can be used to buy NEM which will be available in your Swyftx hosted online NEM wallet immediately. Many altcoin wallets are also available in case you want to buy crypto.

You can deposit or withdraw your NEM or other digital currencies from your private online Swyftx wallet at any time. Sign up for your own NEM exchange trading profile and start buying or selling NEM by creating a free account now.

How do we determine the price of NEM?

The price of NEM listed for trading on the Swyftx crypto exchange is set by real world trade volumes averaged on global exchanges, so our NEM price won’t fluctuate as heavily as you might see on our competitors sites. NEM prices are influenced by the supply and demand from buyers and sellers through out the world.

The current price of NEM is set at the price of the last trade that took place, meaning the latest price a buyer and seller agreed to exchange at. Swyftx doesn’t charge any artificial spread on NEM nor does it “make the market” when you buy NEM. This means you can trade as little or as much NEM as you like and know that you’ll always get the best prices with the lowest fees on our NEM Exchange.

NEM in minutes!

Buy NEM on Swyftx and we immediately make the NEM available in your wallet. It’s super easy and super fast!

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