Buy Nem in India
Buy Nem with BuyUcoin in less than 10 minutes and kickstart your crypto portfolio. Check XEM to INR price, choose one of the payment methods and buy Nem at the best rates.Buy Nem Now
Nem Price Today in India
Nem Price Analysis Chart
Change in %: ▲ 3.08%
1 XEM = ₹3.06
1 XEM to INR
Current Price of 1 XEM = 600,000 INR
For 100 INR you will get = 0.00045 XEM
How to Buy Nem in India?
Buy and Sell Nem in India with just 4 steps. Create your BuyUcoin Account, complete the KYC, add money with various different payment methods and buy Nem to create your first crypto portfolio. Earn free Nem worth INR 100 on signup. Now, that’s an offer you can’t miss!
Create a Systematic Crypto Investment Plans with Nem
To average out market volatility and organize your portfolio with specially engineered systematic Crypto Investment plans starting at just 100 INR, Invest today!
LOW RISK SCIP PLAN
Invest in low risk SCIP to maximize the return
Historical ROI : -9%
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What Payment Methods to use to buy Nem in India?
Instantly Buy Nem in India using Credit Card or Debit Card and start earning. Invest in Cryptocurrency with Credit card and Avail for best offers Today.
Using Virtual Account
Use BuyUcoin’s specially curated, highly secure virtual account powered by Yes Bank to Quickly Buy, Sell, and Hold Nem within seconds.
Just add your UPI id and with one click transfer INR in your BuyUcoin wallet and invest in Nem and your favorite Cryptocurrency.
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NEM was developed as a fork-out version of another cryptocurrency named NXT, which is an alternate currency and payment network platform. The network is operated by a Singaporean based organization named NEM.io Foundation. After the fork of NXT, the company decided to develop its own codebase for advancing NEM and hence develop a platform that is capable of performing faster and is much more scalable than its predecessors.What you can buy with Nem?
Yes, Nem is legal in India, and users can purchase and sell it on the BuyUcoin - One of the Most secure crypto exchange in India. Nem is also seen as a valuable store of value. Recently, the Govt. of India introduced crypto taxation i.e. 30% tax on the profit you earn which shows the Government of India is not in favor of banning crypto in India rather than on the path to adopt it .You can easily buy Nem in India with an INR pair at trusted exchanges such as BuyUcoin. There has been an increase in the amount of users using the Blockchain wallet to store Nem. Nem, on the other hand, does not discriminate against anyone and gives everyone an equal opportunity to use its services.
Nem has swept the Indian market in recent years, with people eager to buy it in order to profit handsomely. Nem has generated speculative returns since its beginning and is currently trading at ₹3.06. There has been an increase in the amount of users using the Blockchain wallet to store Nem. The value of any cryptocurrency is derived from two factors: the hype and fundamental value that it provides; Nem possesses both and you can easily buy Nem in India at BuyUcoin. According to historical data cryptocurrency has given highest ROI on Investment, so now you can choose any crypto plan for SCIP and stand a chance to get highest return in the long-term investment.
Why Choose BuyUcoin to Buy Nem?
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Get an eye on Top Cryptocurrency to invest in 2023 with BuyUcoin’s Personalised Curated List of Top gainers. Stay Updated with Latest Nem News and Price Prediction that provides you extra edge before deciding your next investment.
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What to do after I buy Nem?
Frequently Asked Questions
Why to Buy NEM(XEM) in India?
Transactions and other operations on the NEM blockchain network are done by using XEM. XEM is a cryptocurrency that is specifically for the NEM blockchain network and even though the cryptocurrency is not used as an altcoin like Bitcoin, it has nevertheless gained quite a popularity for itself on the blockchain market and has currently the 12th highest market cap among cryptocurrencies. The NEM ecosystem also contains a number of other platforms such as NEM NIS1, Symbol, NEM ventures, and NEM Community. All these platforms work towards making the NEM platform faster, efficient, and provide connectivity among interested parties.
The NEM blockchain network utilizes the unique concept of Proof of Importance (POI) and harvesting. Other cryptocurrencies like Bitcoin utilize a system of Proof of Work (POW) or Proof of Stake (POS) which require mining operations for the working of the network and or a prerequisite amount of coins with the validator respectively. However, both of these systems are either unfair towards new or small investors or require an extraordinary amount of processing power and consumes a lot of energy for its functioning. In the Proof of Work (POW) system, miners who possess better equipment with high computational power have an undue advantage over others. In the Proof of Stake (POS) system, individuals who possess the maximum amount of coins have a higher chance of getting more coins through transactions and mining, thus having an advantage over other individuals on the network. It also encourages coin hoarding among the users instead of spending it.
In order to create a balance, NEM came up with a system known as Proof of Importance (POI) which gave priority according to the amount of investment the individual has done in the NEM network. This is judged by keeping a check on the number of XEM coins in the XEM wallet and how long the individual is holding it. In order to qualify for generating and earning new blocks in the NEM system, the individual must hold at least 10,000 vested XEM coins in their XEM wallets. The system also rewards users who make transactions with other users on the network. By conducting transactions that is above a specified minimum amount contributes towards the individual’s POI score, which gives them a better chance to claim rewards. In order to protect the system from fraudulent elements using back and forth dummy transactions to increase their POI score, the net transaction amount is also taken into consideration while awarding users with POI scores.
What are the benefits of Nem(XEM)?
One of the greatest advantages of utilizing the NEM network is its ability to provide reduced online transaction costs by around 90 percent and thus providing increased security to the network. Many financial institutions and international banks are already testing the network due to its benefits and reduced costs. The network also utilizes a new type of system called Proof of Interest (POI) that dissolves the disparity that is present between miners with higher-end hardware and processing power (POW) and coin hoarders (POS) by prioritizing more dynamic clients that actively conduct transactions on the network.
How To Buy/Sell NEM(XEM) in India?
XEM coins, like every other cryptocurrency, can be bought or sold on online cryptocurrency exchange markets. XEM coins can be bought either using fiat currency or by exchanging it with other cryptocurrencies that are already in the investor’s possession. The exchange platforms also charge a minimal fee for providing its services as an exchange platform to the investors. It is also vital to know how the cryptocurrency is performing on the trading markets in order to gain a vital insight into the proper time to buy and sell XEM. As of 4th July 2020, the price of XEM in INR stands at 3.18 INR per XEM coin. The XEM market cap is currently $382,089,802 USD and is also showing huge potential on the trading markets.