Thursday, June 1, 2023

NEM [XEM] on BitFex.trade

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NEM (XEM) is now accessible on another exchange, BitFex.trade, which charges 2 XEM for withdrawals and zero fees for deposits. Multiple fiat deposit methods are available on the exchange, offering more liquidity and exposure to the NEM cryptocurrency.

NEM is working hard to expand its visibility as well as create and enhance its community. NEM received support from the BitFex.trade exchange only a few hours ago. The exchange also tweeted about the addition and offered the specifics; the statement translates roughly as follows:

“Trades in #NEM (#XEM) have begun on the #BitFex.trade market. #BTC and #ETH trades in tandem. Deposit fees are 0%, and withdrawal fees are 2 XEM.”

BitFex

BitFex is a relatively new cryptocurrency exchange that caters mostly to Russian customers. Because it is new to the market, the exchange charges lower costs than the industry standard. Regardless of why, it is unquestionably beneficial to traders. It’s particularly appealing to investors since it offers a variety of fiat deposit options, including credit card, AdvCash, and Yandex.

BitFex has low deposit freights but in case of NEM, it is formerly being mentioned by the exchange in its Tweet that it is going to bring them nothing. Still, pullout freights are 2x NEM. With a conversation box right there on the platform, which is intriguing and unique. It also makes it accessible for investors to get faster updates from the exchange as they’ve a representative in the conversation box.

Rosters work in favor of cryptocurrencies that might not reflect in their prices but add liquidity to the coin and expose the crypto to an important wider followership. NEM dedicates to erecting its global community through a series of meetups. Singapore peak and Venezuela meetups are its forthcoming conferences, while developed it is having multiple NEM meetups as well.

At the time of jotting, OEM’s price has been at $0.192 with a loss of about 3.57 percent. Presently ranking at 16th position, its request cap is over Presently ranking at 16th position, its request cap is over one billion according to Coin market cap.

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Vincent Sanchez
Vincent Sanchezhttps://www.cryptoconstellation.com/
Vincent Sanchez currently writes articles for Cryptoconstellation. He completed his Msc in finance and had a successful career as an accountant. Vincent enjoys travelling and working out.
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