Credit / Debit Card
Fee
Variable Fees
Processing Time
Usually within 1 minute, up to 48 hours
Minimum Purchase Amount
Starting from approx. 10–15 USD
Supported Regions
Subject to region, fiat currency, issuing bank, and payment channel support
How to Buy NEM (XEM) on LBank
Learn how to buy NEM (XEM) on LBank, including payment methods such as credit cards, debit cards, Apple Pay, and bank transfers, as well as the purchase process, preparations, and FAQs.
Step 1
Download the LBank App
Please download the LBank App and register to get started
Step 2
Fund your account
Deposit using your preferred payment method.
Step 3
Choose your cryptocurrency
Select the crypto you want to buy from over 3,000,000 cryptocurrencies available on LBank Exchange or Wallet.
Purchase Decision Overview
Bank Transfer / Local Transfer
Fee
Variable Fees
Processing Time
Depends on the payment method; some local channels may be faster
Minimum Purchase Amount
Starting from approx. 1–10 USD
Supported Regions
Subject to local payment channel support
Three Simple Steps to Buy XEM on LBank
How to Buy XEM on LBank: Payment Methods Overview
Explore the available payment methods for buying XEM on LBank, including credit card, debit card, bank transfer, Apple Pay, Google Pay, PayPal, and P2P, to quickly choose the most suitable way to buy XEM.
Credit / Debit Card
Processing Time: Usually within 1 minute; up to 48 hours
Use a Visa/Mastercard that supports international online transactions and ensure 3D Secure is enabled; if it fails, try a different card or try again later
Common Reasons for Failure: The issuing bank declined the cryptocurrency transaction; insufficient balance; 3D Secure verification failed; risk control interception; or region/card network not supported
Bank Transfer / Local Transfer
Processing Time: Instant or 1–3 Business Days
Verify the receiving account, reference code, and transfer network, and use a bank account consistent with your identity verification
Common Reasons for Failure: Incorrect receiving information or reference code; name mismatch; bank processing delay; or unsupported transfer network
What Do You Need to Prepare Before Buying NEM (XEM) on LBank?
Check the preparations required before buying NEM (XEM) on LBank, including account registration, identity verification (KYC), payment methods, regional availability, and pre-purchase precautions to help you smoothly complete the BTC purchase process.
Suitable for
Users who want to quickly buy XEM with fiat
Before You Buy: Checklist
Register and log in to your account
Complete required KYC
Prepare payment method
Confirm regional availability，Check limits / fees / processing time
User Path
Buy Crypto
How to Buy NEM on LBank – Step-by-Step Guide
Before you begin, decide how you’d like to pay:
Pay with fiat
If you're new to crypto, using fiat currency (such as USD, EUR, etc.) is the easiest way to buy NEM. LBank supports various payment methods, including debit cards, credit cards, bank transfers, and other local payment options where available. You may need to fund your LBank account before making a purchase.
Pay with other cryptocurrencies
If you already hold other cryptocurrencies, you can trade them for NEM on LBank. Please make sure that LBank supports the trading pair you need (e.g., Bitcoin (BTC)). LBank offers a wide range of trading pairs, allowing you to conveniently convert your existing crypto into NEM.
LBank supports multiple payment methods
You can use the following payment methods to purchase NEM on LBank:
Mobile app guide
1
Open the LBank mobile app and tap “Buy Crypto”
2
Select “Buy”
3
Choose , enter the fiat currency you want to use, input the amount, then tap “Buy” or “Confirm”
Desktop guide
1
Log in to LBank on your desktop browser and click the “One-Click Buy” option.
2
Under the “One-Click Buy” tab:
(a). Choose the fiat currency you want to use
(b). Select the NEM you want to purchase
(c). Enter an amount or use quick-select options (e.g., 100, 200, 500, max)
(d). Choose your payment method
(e). Click “Confirm” or “Buy now”
P2P Trading
Merchant | Price | Amount ｜ Limit | Payment Method | Action |
|---|---|---|---|---|
ON ONLY-MALAYSAN-MYR 1021 min | 100% | 1.000 USD | 3188.50 USDT 10.000 - 3000.000USD | Bank Transfer | |
MA MALAYSIAN MYR_KING 636 min | 100% | 1.000 USD | 1448.25 USDT 10.000 - 1448.250USD | Bank Transfer | |
PO Ponreay_FX 519 min | 100% | 1.002 USD | 295.41 USDT 10.000 - 295.000USD | Wing Money True Money (Cambodia) Bank Transfer (Cambodia) ABA (Cambodia) |
What is NEM (XEM)?
NEM, which stands for New Economy Movement, is a blockchain platform launched in March 2015. It was designed to efficiently manage assets and data at a low cost, aiming to improve upon earlier blockchain technologies like Bitcoin. NEM's core objective is to provide a comprehensive solution for various business needs and to increase interoperability between private and public blockchain networks. The project originated in 2014 from a discussion on Bitcointalk, initially inspired by NXT, but its developers decided to build a new codebase from scratch in Java for better scalability and usability. A key distinguishing feature of NEM is its unique consensus mechanism called Proof-of-Importance (POI). Unlike Proof-of-Work or Proof-of-Stake, POI determines which network participants are eligible to add a block to the blockchain by considering factors such as the amount of XEM held, the number of transactions performed, and who the transactions are with. This process is known as "harvesting" and is designed to reward active network participation rather than just holding a large amount of the currency. NEM incorporates a "Smart Asset System" that allows users to create custom digital assets called Mosaics. These Mosaics can represent various forms of digital assets, from currencies to supply chain items. The platform also uses "Namespaces," which are similar to internet domain names, to provide unique identities for assets on the NEM blockchain. Other features include multi-signature transactions, encrypted messaging, and a node reputation system using Eigentrust++. The NEM blockchain was built with an emphasis on being enterprise-ready and developer-friendly, offering solutions for businesses to tokenize assets, track supply chains, and manage digital identities. Applications extend to areas such as financial services, logistics tracking, and document notarization through features like Apostille. In 2021, NEM transitioned into a new blockchain platform called Symbol, which uses its own cryptocurrency, XYM. Symbol is considered a successor to NEM, with the NEM team reportedly still supporting the original NEM platform. Learn more
Is NEM (XEM) a good investment?
Whether NEM (XEM) is a good investment depends on your personal financial situation and risk tolerance. Cryptocurrency investments are speculative and can be highly volatile.
Before investing in NEM (XEM) or any cryptocurrency, consider the following:
Your financial goals
Are you seeking short-term gains or long-term growth?
Your risk tolerance
How much potential loss are you comfortable with?
Diversification
Don’t put all your eggs in one basket. Spread your investments across different types of assets.
Your goals and time horizon
Cryptocurrencies are best suited for long-term investors. Disclaimer: This is not financial advice. Please do thorough research before making any investment decisions.
Fees, limits, and processing time for buying XEM on LBank
Compare fees, transaction limits, and estimated processing times across different payment methods. Actual fees and availability may vary by region, fiat currency, payment method, and third-party providers. Please refer to the order page for final details.
ROI calculator
If I invest, how much profit will I make?
Invest
$
Enter
Date
2026-05-26
You will earn $-- in profit, with an ROI of --
What can you do with NEM (XEM)?
Investment
Buy and hold NEM (XEM), expecting its value to increase over time.
Trade
Actively trade NEM (XEM) on LBank to profit from price fluctuations.
Pay
Use NEM (XEM) to pay for goods and services where accepted.
Why is LBank the best platform to buy NEM (XEM)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling NEM (XEM).
Competitive fees
LBank provides competitive trading fees for NEM (XEM).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for NEM (XEM).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade NEM (XEM) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for NEM (XEM) trading, ensuring you can easily buy and sell your crypto assets.
Regulatory compliance
LBank complies with all regulatory requirements in the jurisdictions where it operates to ensure a compliant and secure trading environment
After buying XEM, what is the best way to store it?
After buying XEM, you can choose a storage method based on your usage frequency, holding period, and security needs. If you need to trade at any time, you can store it in your LBank account. If you prioritize self-custody or long-term security, consider using a personal wallet or a hardware wallet.
Store in your LBank account
Suitable for
Users who want to trade or convert at any time
Short-term BTC holders
Features
Ready to use immediately after purchase; easier to use
Ideal for frequent trading, conversions, or using platform features
Security Alert
Please enable 2FA
Please set an anti-phishing code
Only log in through official channels
Transfer to a personal hot wallet
Suitable for
Users who want to manage their own assets
Users who need daily transfers or on-chain usage
Features
More flexible; convenient for daily transfers and management
Better suited for small holdings and everyday use
Security Alert
Do not store seed phrases or private keys in the cloud
Do not save sensitive information via chat tools, email, or screenshots
Stay alert for phishing websites and fake wallet apps
Transfer to a hardware wallet
Suitable for
Long-term BTC holders
High-value holders who prioritize security
Features
Private keys are stored offline, offering enhanced security
Ideal for long-term storage of infrequently moved assets
Security Alert
Securely back up seed phrases offline
Never disclose your recovery phrase to anyone
Assets may be irrecoverable if the seed phrase is lost
NEM (XEM) FAQ
NEM, or "New Economy Movement," is a blockchain platform designed for efficient asset and data management. It aims to establish a new economic framework centered on decentralization, economic freedom, and equality. NEM offers a scalable solution for various applications. XEM is the native utility token of the NEM blockchain, facilitating payments, transactions, and service fees within its ecosystem. It is also crucial for users participating in network governance and block generation.
NEM primarily focuses on enhancing interoperability between private and public blockchain networks, acting as a crucial link to expand overall usability. It was specifically built with the complex needs of large businesses in mind, providing tools to manage assets and data more efficiently. By offering a robust and scalable infrastructure, NEM strives to overcome limitations found in earlier blockchain iterations, promoting a more integrated and accessible decentralized economy for enterprise-level applications.
NEM utilizes a distinct consensus mechanism called Proof-of-Importance (PoI), differing from Proof-of-Work or Proof-of-Stake. PoI assesses a user's contribution to the network based on several factors, including their XEM holdings, the frequency of their transactions, and the quality of their network interactions. This method ensures that network participants who actively contribute to the health and activity of the blockchain are prioritized for block generation and rewards, rather than solely those with the most computing power or largest stake.
NEM's "Smart Asset System" allows users to create custom digital assets known as Mosaics. These Mosaics are highly flexible and can represent diverse elements like stablecoins, internal company tokens, or even voting rights. Users can customize properties such as divisibility and total supply for each Mosaic. To deploy a Mosaic, users must first register a Namespace, which functions similarly to an internet domain name, providing a unique, human-readable identifier for their assets on the NEM blockchain.
The XEM token is integral to the NEM ecosystem, serving multiple vital functions. It is used as the medium for payments and transactions across the network, and to cover all transaction and service fees. Furthermore, XEM plays a crucial role in network participation: users can vest their XEM holdings to gain voting rights and qualify for block approval. This mechanism encourages active engagement and secures the network through the Proof-of-Importance consensus model.
NEM transitioned to Symbol (XYM) in 2021, with Symbol considered its successor. While XEM tokens are still traded, the original NEM project has seen reduced development activity and community focus following Symbol's launch, which utilizes a Proof-of-Stake Plus (PoS+) consensus. Existing XEM holders were provided an opportunity to register for an airdrop to receive XYM tokens, facilitating the migration to the new platform. Symbol aims to build upon NEM's foundations with enhanced features and scalability.
