Buy NEM with Credit Card and Debit Card
In order to obtain NEM with a credit or debit card, you must first purchase Bitcoin or Ethereum on a fiat to cryptocurrency exchange like Coinbase.
You must then transfer your purchased Bitcoin or Ethereum to a cryptocurrency to cryptocurrency exchange where NEM is sold. I highly reccomend using Bittrex as it is the best exchange that sells NEM.
This process will be demonstrated below, with pictures and steps.
How to Buy NEM with Bank Transfer
Just like credit and debit cards, in order to obtain NEM, you must first purchase Bitcoin or Ethereum on a fiat to crypto exchange like Coinbase, and then send the purchased crypto to Bittrex, one of the few exchanges that sell NEM.
Step 1: Aquire Bitcoin or Ethereum
There are several exchanges to buy Bitcoin and Ethereum on.
The reason we have to purchase this way is because most cryptocurrencies are only traded on Bitcoin and Ethereum pairs. This will be further explained in step 2.
Coinbase is a very beginner friendly US based exchange, that sells cryptocurrency to most countries and all US states. Expect a 1.49% fee on bank transfer purchases, and a 3.99% fee for credit and debit purchases.
Coinmama is another option that focuses on credit and debit card purchases. Coinmama is great because they have higher debit and credit card purchasing limits than Coinbase, as well as instant delivery. Coinmama’s fees are around 5.5%.
Bitpanda is an exchange that also focuses on credit and debit card purchases. Their fees are between 3%-4%, and only sells Bitcoin and Ethereum to European countries.
How to Buy Cryptocurrency on Coinbase
If you signup to Coinbase through this link, you will recieve an extra $10 worth of Bitcoin on your first $100+ order.
After creating your Coinbase account, you will want to add a payment method. If you are trying to get the most bang out of your buck, I would reccomend using a bank transfer. If time is a concern, maybe go with credit or debit card, as there is instant delivery!
Click the Buy/Sell tab at the top/middle of your screen. From this page, you can easily purchase Bitcoin, Litecoin, and Ethereum.
After hitting Confirm Buy, we are ready to go to the next step!
How to Buy Cryptocurrency on Coinmama
After your account is verified, you can go to the navigation bar and purchase Bitcoin or Ethereum, using USD or EUR.
Send the purchased cryptocurrency to the address of the exchange you decide to use in the next step.
Step 2: Moving Bitcoin or Ethereum to Bittrex
After aquiring Bitcoin/Ethereum, you will need to move it to the cryptocurrency to cryptocurrency exchange Bittrex.
Most cryptocurrency exchanges only allow cryptocurrency to be purchased with Bitcoin or Ethereum. That is why we need to convert our money to cryptocurrency, and then send the purchased cryptocurrency to an exchange where our coin is sold.
In order to send our Bitcoin or Ethereum to Bittrex, you will need locate your Bittrex deposit address.
This can be found on Bittrex by going to the navigation bar, clicking Wallets and locating the currency you are trying to deposit. This example will use Bitcoin, but Ethereum is another option.
After you locate the cryptocurrency on the deposits page, click the + sign to reveal your deposit address.
Now that we have our deposit address, we will need to send it from Coinbase. Click the send tab as seen below, and copy and paste it into the recipient box. Click confirm and wait for your currency to arrive to Bittrex!
Step 3: Buy some NEM!
After your cryptocurrency arrives, you will have a balance to purchase NEM with. Head to the cooresponding page depending on what currency you purchased:
Once you are on the correct page, you can enter the amount, and ratio of the NEM you want to buy. The ratio is the price to BTC or ETH per NEM. Look at the order book to see what it they are currently going for.
Congrats, you now own NEM. Learn how to store NEM securely in the section below.
How to Buy NEM with Changelly
NEM is not currently sold on Changelly. If you would like to purchase it, read out guide above for how to purchase it using other methods like credit cards, debit cards and bank transfers.
How to Buy NEM with PayPal
Due to Paypal’s chargeback feature, buying NEM with Paypal takes a few extra steps. The exchange VirWoX allows you to convert paypal balance into Bitcoin. Read our tutorial on this conversion. Once you have obtained Bitcoin, you can send it to Bittrex just like the above example!