Buying NEM on Europe’s leading retail broker for buying and selling digital assets is easy, fast and secure.
Create a Bitpanda account and confirm your email address.
Confirm your identity with one of our trusted verification partners and deposit funds.
You’re all set! Start buying NEM and over 2,500 other digital assets.
NEM’s primary contribution to the cryptocurrency landscape is a new consensus mechanism called Proof of Importance (PoI). Unlike Proof of Work (PoW), it is environmentally sustainable and does not require large-scale computing resources in perpetuity. PoI is similar to Proof of Stake (PoS) except that it is not solely derived from the size of an account’s balance. It incorporates other behaviours that are believed to be positive for the holistic economy. NEM attempts to reward active economy participants at the expense of inactive participants and dampens the “rich getting richer” effect that is inherent to PoS.