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Crypto Converter
The number of people betting with cryptocurrency is on the rise. Not only this, but the number of different cryptocurrency payments that bookmakers are now accepting is also on the rise, and this is certainly leading to a better service for those who want to wager.
Gone are the days when Bitcoin, and if you were lucky Ethereum, were the only crypto methods accepted, now many are available with the best crypto betting sites. There are advantages and disadvantages to betting with Bitcoin or any other crypto method. One of the main advantages for players is the increased betting limits we are seeing, allowing bigger wagers to be placed.
Another key area is anonymity, something that more and more players are starting to look for. The way to do this is to bet via a cryptocurrency, and when you transfer funds into your account, you don’t have to reveal who you are.
Look out for some big bonuses too, especially if you are betting using a different crypto to Bitcoin. These have continued to rise, and there is s certainly a great deal out there for any crypto gambler, and will no doubt increase further if more and more people turn to betting with cryptocurrency. Lets have a look to NEM review.
NEM ReviewThe cryptocurrency we are going to look at here is NEM coin review, one that you can use while placing your bets. This doesn’t have the exposure that Bitcoin betting has had for many years, but is growing and is already a player now, with room for growth over the coming years.
NEM, which means New Economy Movement, is cryptocurrency which want to develop a more better blockchain technology. NEM coin is named XEM, its similar like Ethereum technology.
You can buy NEM cryptocurrency directly with your debit or credit card in exchanges like Binance or Coinbase.
According to our the latest NEM coin price prediction, NEM price will hit $1.25 by the end of 2025.
NEM price prediction for 2030 is very optimistic, price will up around 400% and by the end of 2030 will hit $1.85.
XEM faucet is NEM crypto currency faucet where you can earn crypto for free.
NEM coins in cryptocurrency market circulation is 8,999 billions.
In 2018 NEM coin price was almost reached $2.00, but now NEM crypto coin is worth around $0.35 and market capitalization is $3,2 billions.
What Makes NEM Crypto Unique?NEM originally evolved back in 2015 and came as a fork out from NXT, which is another popular blockchain provider. Since then, NEM blockchain has gone its separate way and forged out a successful path, one that has seen the NEM price rise and more people get involved with buying, selling and trading.
The key to NEM is that those working on it in Singapore have developed its own codebase, which means scaling up in the future will be a lot easier to do. If you are looking for a new type of crypto to follow and use yourself, you should always look at the scalability side of things, and this has been well thought out by the founders of NEM.
This move has now put the cryptocurrency on a completely different platform to NXT, so the two will not be heading in the same direction from here.
If you want to buy and store NEM then you have just one wallet option available to you. The only wallet that NEM supports is Nano, so make sure you get one of these before you purchase so that you have storage for your currency.
AdvantagesLet have a look advantages of this XEM review. The way that NEM (XEM coin) has been developed ensures that scalability in the future is going to be a lot easier if NEM cryptocurrency really takes off and wants to join the bigger names. This is a huge positive because as someone using a method of crypto, you do not want to see your method held back. After all, scalability is hard, or impossible, to do.
NEM crypto is also still relatively new, so the platform you are seeing right now is only going to get better with time as more is spent on development. For many, cryptocurrency is all about joining in with the right type of crypto at the right time, before it grows too big and expands, which will no doubt make NEM very appealing for some people.
DisadvantagesIn terms of a disadvantage of this NEM crypto review, the only thing to mention right now is something that will hopefully improve with time. At the moment, if you are looking to bet with NEM then you won’t have too many options to do that. There is a lot of bookmakers out there who accept cryptocurrency, some accept just Bitcoin while others accept more. It is hoped that in the future, more bookmakers will increase the number of cryptocurrencies that they accept, and that should then mean that we see NEM listed in a lot more places.
How to Use NEM Crypto for Sports Betting?NEM is still growing as a cryptocurrency, so it isn’t yet available to use on all sports betting platforms that accept crypto (read this – how to bet with crypto?). However, some bookmakers will allow you to bet using NEM, so look out for these if you want to use it to place your bets.
Like with any other form of crypto, transferring money across to your bookmaker and then placing your bets is simple and easy to do. All you need from your bookmaker is their wallet details, and you can log onto your Nano XEM Wallet to send the funds across.
When these are received, they will be added to your betting account balance, allowing you to get placing your XEM crypto bets on the sports you love. Like other cryptocurrencies, when betting with them you are likely to receive some big bonuses from the bookmakers, so look out for these and make sure you fulfil the requirements when making your deposit to take advantage.
Where to Buy NEM Crypto?There are two options for those who want to buy cryptocurrency NEM and then bet with it. You can buy it directly with a debit or credit card payment. This gets you involved in the action straight away and as soon as your purchase has been confirmed, you can send the NEM across to your bookmaker who will add it to your NEM account funds.
However, you can also purchase NEM exchange using a more popular cryptocurrency such as Bitcoin or Ethereum. This is ideal for those who bet using these at the moment, as you are likely to have these already either in an account or in a NEM wallet somewhere. Simply trade in the cryptocurrency you currently hold and swap it over for NEM to give you something else to play with.
Getting hold of NEM is a relatively easy process, whether you are new to crypto betting or you are experienced and hold other types of crypto. With these two options, you can be experiencing NEM crypto betting quickly.
ConclusionIf you are looking to jump on a cryptocurrency right now that is moving up the curve then NEM is certainly one for you. Expect to see and hear a lot more about NEM in the future as it grows, and the key here is that it really can grow and scale-up, thanks to how it has been set up in the early stages.
You can get your hands on NEM by either buying it outright or by trading another cryptocurrency for it, if you already bet using crypto then you may have some spare Bitcoin or Ethereum that you want to trade in for NEM so you can try it out.
The number of different cryptos accepted by betting companies is only set to grow over the coming years, and it would be no surprise to see NEM really take advantage of that and become important (read this – top 10 cryptocurrency for sports betting). That will only lead to growth, something it is set up well for, which could see NEM become a big player in the cryptocurrency world over the next few years.