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Buy NEM (XEM) in India at ₹0.1183

Live XEM/INR Price

₹0.1183

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5.34%

Price Changes

₹0

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5.34%

24h Low

₹0.1123

24h High

₹0.1191

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Reasons to Buy NEM (XEM)

• Nem acts as a bridge between private and public blockchains; it also allows for seamless transfer of digital assets.

• It uses the SHA3 hash algorithm to protect its network.

• XEM is the native currency of Nem’s blockchain.

• It has a market capitalization of nearly $2 billion.

• It has a maximum supply of 8.99 billion Nem coins. 

Launched on June 25, 2014, Nem is also regarded as the Smart Asset blockchain that is proficient in low-cost asset management. 

It is the forked-out version of the popular blockchain-based virtual currency, NXT, that is managed by NEM.io It achieves its safety protocol from the NIS1 blockchain by its Proof of Importance algorithm. Focusing on the ‘important score’, nodes are incentivized very fairly and maintain trust in the NEM ecosystem. It also supports high-end features such as encrypted messaging and multi-signature account contracts that set it apart from its rival blockchains.

Things to consider before buying NEM (XEM)

• Nem is a P2P cryptocurrency that rewards nodes that most utilize the platform.

• It works on the Proof-of-Importance (POI) consensus algorithm.

• Apart from the POI algorithm, It also uses delegated harvesting to facilitate smooth transactions.

Highlight

Nem acts as a bridge between private and public blockchains; it also allows for seamless transfer of digital assets.

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Price Statistics

XEM Price Today

XEM Price

₹0.1183

Price Change 24h

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5.34%

Price Change 7d

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4.13%

Market Rank

#939

Market Cap

₹105 Cr.

Trade Vol 24h

₹22 Cr

Circulating Supply

₹900 Cr. XEM

Trading Activity

52% Buy48% Sell

FAQ's

1. How Can I Buy Nem In India?

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CoinSwitch App is the simplest way to buy Nem in India. Sign up now and start investing with ₹100

2. Can I Buy Nem Directly?

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Nem can also be bought directly through Peer to Peer (P2P) trade. There is always an option to buy from a decentralized exchange (DEX) or from anyone who already has Nem (XEM). The problem remains in the complex functionality of decentralized exchanges and also in finding a trustworthy seller who can provide you the crypto. Therefore, this route is mostly taken by the Pro traders.

Download the CoinSwitch App to experience a simplified process of buying crypto with just a single click!

3. How to Buy Nem Stock?

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You can buy Nem in just 4 steps on CoinSwitch:

• Open the CoinSwitch App, click on the Market tab from the bottom navigation, and select Nem.

• Click on the ‘Buy’ button.

• Enter the amount that you would like to buy Nem for, say ₹100, and click on the ‘Preview Buy button

• Check all the details of your order and proceed by clicking ‘Buy.’ 

 Congratulations, you just bought your first Nem!

4. What Price To Buy Nem?

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As most of the cryptos that are existing on the platform are under the development phase, with changes happening very frequently, there is no specific answer to what price we should buy a crypto. The value of Nem can rise over the next few years while you would regret buying it at lower prices.

Instead, you can invest small amounts periodically and balance the opportunity and risk. Start investing in Nem for as low as ₹100

5. What Time To Buy Nem?

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There is no listed time to buy a particular crypto because as soon as you wait to buy from Dip, the prices will start to rise again. It’s better not to lose out on the opportunity of Starting Now that’s already in your hands.

Take it a start but invest in small amounts from time to time. A better approach would be to invest a lump sum in Nem (XEM) in dips and average your portfolio for better returns.

6. What Platform To Buy Nem?

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Nem could be bought on a variety of platforms but what differs is the experience and process that can be a tiresome job. You can buy it with just a single click, just like you order a cab in seconds.

The crypto apps that are available in the market are complex to use and can make your buying experience horrible; however, CoinSwitch provides complete peace of mind by allowing you to buy cryptos with ease.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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