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Frequently asked questions

The price of XEM, the native currency of NEM, is determined on exchanges based on supply and demand. This means that if there are more people willing to buy than sell, the price will rise.

You can sell XEM on a crypto exchange.

A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.

Frankly, we don't know either. We recommend creating a price alert to get notified when Nem reaches your target price.

There are a several things you should consider before you sell crypto. First, you should pay attention to the trading and payout fees of an exchange. Second, look out for an exchange supports your preferred payout method such as bank transfer or PayPal. Third, make sure that your exchange has good customer service in case something goes wrong. And last but not least, don't forget to assess your tax bill before you sell. Crypto tax tools can help you with that.

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