How To Buy Nem Coin On StealthEX
If you are looking for where to buy Nem (XEM), we will show you how to buy NEM coin for another cryptocurrency using the StealthEX exchange platform. StealthEX is a convenient and user-friendly cryptocurrency exchange.
What Is Nem Coin?
NEM (New Economy Movement) is a cryptocurrency that supports data management technology based on the blockchain. The NEM blockchain system uses Proof-of-Importance (PoI).
The platform was originally designed as the Nextcoin (NXT) fork, similar to other blockchains and cryptocurrencies. However, the developers eventually decided to create an entirely new codebase.
Also, the XEM coin uses proof of value. This approach allows you to analyze each wallet by three criteria, such as balance, transaction history of the wallet. The XEM token system uses a client-server model. This architecture helps avoid critical mistakes and repetitions in the blockchain.
The cryptocurrency NEM (XEM) developers have implemented the Eigentrust reputation management algorithm to ensure blockchain security. The idea is that servers are studied not only for the amount of work done but also for its success. Moreover, NEM Foundation provides complete decentralization due to the large number of servers included in the system.
NEM (XEM) Wallet
The NEM (XEM) wallet is a user-friendly program for Windows, Mac and Linux. It also offers a mobile NEM Wallet for Android and iOS devices.
Where To Buy Nem Coin?
The developers are gradually improving this cryptocurrency project, and XEM price is increasing in value. To exchange this crypto and read recent NEM (XEM) coin news, you can use StealthEX. You can select from more than 300 tokens and don’t have to wait much for the transaction.
How To Buy Nem Coin?
First, you should choose Ethereum in the left drop-down list. Then choose Nem in the right list of coins.
After setting the pair it is necessary to enter the amount of ETH you want to exchange.
Here you will see the estimated amount of Nem coin that you will receive after the exchange.
Now when everything is set for the exchange, press the START EXCHANGE button and you will be taken to the next page.
As the second step, you need to provide the Nem coin recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.
As soon as you have carefully checked all the details, you can press the NEXT button and you will be redirected to the CONFIRMATION page with the information about the exchange.
Pressing the NEXT button you will be redirected to the EXCHANGE page.
At first, you will see the address where you need to send your ETH coin to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.
After sending Ethereum to the shown address, the information on the EXCHANGE page will be renewed automatically. The EXCHANGE page has several statuses that will change during the time of the exchange.
- The first status is Awaiting deposit.
- The following status is Confirming. This means that StealthEX is confirming the transaction you made.
- The next status is Exchanging. During this time the exchange is being made.
- Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes left until you will receive your XEM coin.
Finally, you will be redirected to the FINISH page. This shows that the exchange has been successfully made and you will receive Nem crypto to the address provided. To be sure that XEM coin was sent to your wallet you can also use the Output hash shown on this page and check it in the Nem blockchain list of transactions.
From here you can either create a new exchange on StealthEX.io or leave the page and check your Nem wallet to be surprised at how fast you got XEM crypto. Usually, the process is quite rapid so you won’t need to wait long.
If you have remaining questions about the StealthEX exchange service you can go to our FAQ section and find all the necessary information there.
We are always ready to give you support if you have any issues with exchanging coins. Our team does our best to protect all members and answer their questions. For all requests message us via [email protected]
You are more than welcome to visit StealthEX exchange and see how fast and convenient it is.
January 20, 2021