Best NEM Bookmakers in 2024

NEM – Smarter and Improved Blockchain

NEM, or the New Economy Movement, is a blockchain payment method that serves to fund your online account on the best sports bookmakers in addition to trading on exchanges. It is created with the aim to develop smarter and technologically improved blockchain compared to, e.g. Bitcoin. The payment system has been operating since 2015. Given it has its own native currency (XEM), the NEM service allows you to open an e-wallet where you can store it.

A Very Complex Procedure for Depositing

To create a new NEM e-wallet, complete the steps on the list: go to the app store (iOS) or to Google Play (Android), download the wallet, open the app, and set a strong password. Then, tap “Add Account”, “Create”, and give your wallet a name. Tap “Create” to continue. Finally, back up the Private Key of the wallet.
The process of topping up NEM accounts is quite complex:

• Open the exchange website and log in
• ​Click “Funds” on the header menu, then go to “Deposits”
• Click “NEM” or “XEM”
• Send XEM to the deposit address
• Click the “I understand that deposits without a Message will be lost” checkbox to acknowledge the warning
• Click “Continue Deposit” to proceed
• Log in to your NEM Wallet
• Click the “Send” tab at the header menu
• Go back to your exchange account
• Copy the text in the “XEM Deposit Message”
• Go back to your NEM Wallet
• Paste the text you just copied in the “Message” field
• Go back to your exchange account
• Copy the text in the “XEM Deposit Address”
• Go back to your NEM Wallet
• Paste the text you just copied in the “To” field
• Set the amount of XEM you wish to deposit
• Enter your NEM Wallet password, then click “Send” to proceed
• Wait for the transaction to be confirmed by the NEM blockchain

Once confirmed, the transaction details will be available on both your NEM Wallet and exchange account.
The process for withdrawal of NEM is easier than depositing: first, log in to your NEM Wallet. Retrieve your NEM account address by clicking the “Account” in the top right corner of the header menu and copy your NEM Wallet address. Log in to your exchange account, go to “Balances”, search “NEM” or “XEM”, then click “Withdrawal”. Paste your NEM Wallet address into the “XEM Withdrawal Address” field, set the amount of XEM you wish to withdraw, click “Submit” to proceed, and wait for the transaction to be confirmed by the NEM blockchain. Once confirmed, the transaction details will be available on your NEM Wallet and exchange account.

Low Fees at Bookmakers

The procedure of depositing on the NEM sportsbooks is considered rather easy. You will first have to select the amount that you wish to deposit and then you will be sent a XEM transfer request from the bookmaker itself. You then send the XEM to the bookie and it will appear in your account. As a withdrawal option at bookies, NEM is used by logging in to your bookmaker account, opening the “Cashier”, selecting “Withdraw”, and choosing XEM.
Above all, the biggest benefit of using NEM for sports betting is the same benefit held by most cryptocurrencies: betting without the need to provide proof of identity to a betting site as well as fast money transfers and low fees of 0.1 %.