NEM blockchain, also known as the New Economic Movement, is an old blockchain project operating this space since 2014.
It is a blockchain for developers interested in C++. Their USP is that their smart contracts don’t break like other blockchains. Up until now, they have garnered a fair share of respect in the market.
Of course, you know that, and that might also be a reason for you to hold NEM, but you shouldn’t keep them on centralized exchanges.
Instead, we urge you to consider following wallets for safeguarding your XEM cryptocurrency which is the native currency of NEM blockchain.
Best NEM (XEM) Wallet For Windows/Mac/Android/iOS
|Top NEM (XEM) Wallets||Wallets|
|NEM (XEM) Hardware Wallets||Trezor Model T|
|NEM (XEM) Desktop Wallets||NEM Nano Wallet|
NEM (XEM) Android & iOS Wallet Apps
|NEM Wallet Pro|
|NEM Mobile Wallet|
#1. Trezor Model T
Trezor Model T needs no introduction unless you have been living under the rock.
Trezor Model T is the new flagship product of SatoshisLab- a pioneer company in manufacturing crypto hardware wallets. They were the first company to start providing solutions for the security of your digital assets on a hardware device in 2014.
It is a non-custodial HD wallet where you remain in control of your private keys or seed all the time. The good news is it supports 1000+ coins and tokens, including NEM.
Also, it provides the functionality of passphrase and PIN code protection, which makes it hard for an attacker to steal your funds even if they have physical access to your device. Plus Trezor is open-source, and it has been peer-reviewed many times
It is one of the few wallets that support NEM precisely because NEM is hard to integrate and Trezor has achieved this feat. So if you are looking to safeguard your NEM (XEM) cryptocurrency, look no further than Trezor.
#2. Nem Nano Wallet
Nano Wallet is the official wallet of NEM cryptocurrency.
It is a desktop full node client which requires you to download the full NEM blockchain. The wallet won’t work until the entire blockchain is synchronized, so have patience while using this wallet.
Also, using this wallet is like running a full node of NEM and contributing to the network’s security.
Using Nem Nano wallet, you can send/receive and manage your XEM tokens, mosaics and messages to any address. It also allows you to use multi-signature and multi-users accounts namespaces.
Integrated with Changelly, Nano wallet allows you to exchange XEM tokens in the wallet UI itself without the need of going to exchanges.
As of now, Nem Nano wallet is compatible with Mac, Windows, Linux and also integrates with Trezor hardware wallet.
#3. Nem Wallet Pro
Nem Wallet Pro is a NEM wallet for daily use. If you have a small amount of NEM, you may use this wallet.
It is again a non-custodial wallet which provides you to access many functionalities of NEM blockchain. With this wallet, you can do local authentication, wallet management, contact management, send and receive transaction, multiple mosaic support, transaction history, Changelly integration, multisig account support, delegated harvesting, namespace, and mosaic creation, etc.
Recently they have added CoinSwitch service of in-app exchange of NEM tokens into other cryptocurrency and PIN code feature for extra security.
As of now, it is only available for Android devices.
#4. NEM Mobile Wallet
Nem Mobile wallet is the official mobile wallet for NEM cryptocurrency.
The NEM Wallet app is available for both iOS and Android devices. It also enables you to manage multiple NEM accounts on your phone, manage XEM, send/receive messages.
Plus it is non-custodial wallet where all private keys and other important data is stored locally and encrypted on your device. Plus it is a lightweight wallet and doesn’t require you to download the whole blockchain.
Lastly, the NEM Wallet is open source and free software under MIT license. There are no in-app purchases, advertisements, or sharing of data in this wallet like other wallets, so your privacy is fully protected.
I know that some of you are still searching for NEM Ledger Nano S support, but it hasn’t come yet, and I don’t see it also coming soon.
So if you are looking for reliable NEM hardware wallets you should look at the Trezor Model T. Moreover, Model T can be used for storing many other cryptocurrencies including NEM.
Lastly, never keep your XEM tokens on an exchange no matter how much small quantity you own because one day these tokens might worth a lot.
So to avoid future regret always keep your XEM tokens in non-custodial NEM wallets which TheMoneyMongers have listed above after thorough research.
That’s all from me this time. Do share this article with other NEM holders and if you have any other questions, do shot to us in the comments section below 🙂