How to Sell NEM (XEM) for Fiat Currency
Learn what is NEM and how to sell XEM for fiat currency.
Sell NEM in 5 Effortless Steps
Enter the amount of NEM you’d like to sell for fiat.
Choose your desired fiat payout method (e.g., bank transfer).
Provide necessary details (e.g. wallet address, bank account info).
Review and confirm the transaction.
Receive your fiat currency in your chosen destination.
Sell NEM for Fiat using Visa
Visa is helping Transak enhance its global off-ramp service by implementing Visa Direct capabilities.
This collaboration allows Transak users in over 162+ countries to seamlessly sell their cryptocurrency holdings into local fiat currencies through real-time card withdrawals.
This partnership is a significant step towards the mainstream adoption of digital currencies, making it easier for users to access and utilize their crypto assets in the real world.
Read more about the Transak-Visa partnership here.
Why Sell NEM for Fiat?
In places where cryptocurrencies are not legal tender, selling NEM (XEM) for fiat currency is how people can get their “money” back and use it to purchase goods and services.
Transak's robust off-ramping infrastructure allows users from all over the world to quickly sell cryptocurrency (sell to their local currency).
Why Sell NEM (XEM)?
Selling NEM (XEM) is a personal decision and we encourage doing your own research. Below are a few reasons why users may choose to sell XEM:
Realize Profits: If the value of your NEM has increased since you acquired it, selling allows you to lock in those gains and sell them into spendable fiat currency.
Liquidity Needs: Selling NEM can provide immediate liquidity for other investments, paying bills, or covering unexpected expenses.
Portfolio Diversification: Selling some of your crypto holdings for fiat can help diversify your investment portfolio, balancing the potential risks and returns.
Regulatory and Tax Considerations: Depending on your jurisdiction, there might be tax advantages to selling XEM. Talk to a financial advisor for more information.
Get help with using any of Transak's products!
Contact Support
Trusted by 3+ Million users in 162+ countries
I used Transak with Maiar wallet, and it was a very cool and simple to use. Thanks for this efficient and wonderful experience.
Kzo
Worked great, got my crypto in under 4 minutes! Purchased with Transak with less fees. Went well & got my crypto really fast.
John M.
The experience was great. I love the way it all went down. No hassle at all just clear & in a few simple steps I was able to sell crypto.
TheCryptoCyberpunk
