Unlike traditional currencies, NEM is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining NEM. This decentralization means the holders and users of NEM can help to maintain the network.
Most find that the easiest and most secure way to purchase NEM is through a reliable cryptocurrency platform like Kraken. While NEM can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like NEM.
At the current market rate, it costs $0.00071 to purchase one XEM. Kraken makes it easy to buy & sell NEM with confidence.
Yes, Kraken offers a secure and easy to buy C$100 worth of NEM. At its current price, C$100 equals 140,252.4544 XEM.
Kraken employs advanced security measures, including encryption and account protection, to ensure your NEM purchase is secure. However, while Kraken provides a secure platform, market volatility can still affect your NEM investment. You should do your own research on NEM price before buying.
The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, NEM may be a worthwhile purchase.
Kraken supports a variety of government-issued fiat currencies, including US Dollar (USD), Euro (EUR), Canadian Dollar (CAD), and others. For the full list of supported fiat currencies, please visit this article.
Kraken offers competitive fees for NEM transactions, which are influenced by the trading amount and payment type. Learn more about Kraken’s fee structure.
You can buy as little as C$10 worth of NEM on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of NEM regularly.
To buy NEM with PayPal on Kraken, deposit funds by selecting "Deposit" on your account homepage. Choose an asset like NEM, select PayPal as the method and connect your PayPal account if needed. Enter the deposit amount, confirm, and once funds are added, use them to purchase NEM.
You can buy NEM using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.
To buy NEM using a credit card issued by a bank in Canada, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.
Kraken makes it easy to buyNEM using other cryptocurrencies. If the direct trading pair is not available, you can use Kraken's Convert feature to seamlessly swap any listed crypto for NEM. Browse the NEM markets available on Kraken or use the Convert tool to trade between hundreds of cryptocurrencies quickly and easily. For a complete list of trading pairs, visit the Kraken support center.
Yes, the NEM you buy on Kraken is yours. Kraken makes it easy to withdraw your NEM to any hot wallet or cold wallet that supports NEM. Simply enter the external wallet address and your NEM will be in your wallet a few moments later.
We take every measure possible to keep the NEM you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your NEM. Learn more about our globally-recognized security standards.
The current circulating supply of NEM is 9,001,847,125 XEM.
To fund your account via Interac e-Transfer, you’ll need to initiate a deposit request via the app which will seamlessly guide you through the steps to access and approve using your bank of choice.
Follow these steps to start your crypto journey:
1. Log into your Kraken Account and select the ‘Portfolio’ tab. Here you’ll be able to see the aggregate and individual value of your holdings.
2. Select ‘Deposit’ and then ‘Canadian Dollar’ under the ‘Cash’/’Asset’ option.
3. Choose “Interac e-Transfer” as your deposit method.
4. Enter the amount you would like to deposit. Kraken allows up to C$ 10,000.00 per Interac e-Transfer, however, your banking limits may differ. Select ‘Review’.
5. Confirm the deposit details, including your email address and Kraken account name. If correct, swipe to proceed.
6. You'll be redirected to Interac's financial institution page. Select your bank.
7. Approve the deposit through your bank's app or website.
Your funds will be available within minutes, ready for you to start trading crypto.
