How to Buy XEM on P2B: A Comprehensive Guide

Introduction to XEM and P2B

XEM is the native cryptocurrency of the NEM (New Economy Movement) blockchain platform, known for its innovative technology and user-friendly features. P2B is a popular cryptocurrency exchange that offers a secure and efficient platform for buying and trading digital assets. This guide will walk you through the process of buying XEM on P2B, ensuring a seamless and informed experience.

Understanding XEM: The Basics

What is XEM?

XEM is a cryptocurrency that powers the NEM blockchain, which stands out due to its unique consensus mechanism called Proof-of-Importance (PoI). This mechanism rewards users based on their network activity and vested balance, promoting active participation within the community. XEM is used for various purposes, including transaction fees, network security, and as a medium of exchange.

Why Invest in XEM?

Investing in XEM can be a strategic move for several reasons:

  • Technological Innovation: NEM’s blockchain technology offers advanced features like multi-signature accounts, encrypted messaging, and a customizable asset system.
  • Active Community: NEM has a robust and active community that continuously contributes to the platform’s development and adoption.
  • Market Potential: XEM has shown resilience and potential in the cryptocurrency market, making it a viable option for investors seeking diversity in their portfolios.

Getting Started on P2B

Creating a P2B Account

To buy XEM on P2B, you first need to create an account on the exchange. Follow these steps:

  1. Visit the P2B Website: Go to the official P2B website and click on the “Sign Up” button.
  2. Fill in Your Details: Provide the required information, including your email address, password, and personal details.
  3. Verify Your Email: Check your email for a verification link from P2B. Click on the link to verify your account.
  4. Enable Two-Factor Authentication (2FA): For added security, enable 2FA using an authentication app like Google Authenticator.

Verifying Your Identity

P2B requires identity verification to comply with regulatory standards and ensure the security of its users. Follow these steps:

  1. Submit Identification Documents: Upload a copy of your government-issued ID (passport, driver’s license, or national ID).
  2. Proof of Address: Provide a utility bill or bank statement that shows your name and address.
  3. Selfie Verification: Take a selfie holding your ID and a piece of paper with “P2B” and the current date written on it.
  4. Wait for Approval: The verification process can take a few hours to a couple of days. Once approved, you will receive a confirmation email.

Funding Your P2B Account

Depositing Funds

To buy XEM, you need to deposit funds into your P2B account. Here’s how:

  1. Log In to Your Account: Use your email and password to log in to your P2B account.
  2. Go to the Wallet Section: Navigate to the “Wallet” section on the P2B dashboard.
  3. Select Deposit: Choose the currency you want to deposit (e.g., USD, BTC, ETH) and click on the “Deposit” button.
  4. Follow the Instructions: P2B will provide you with a deposit address or payment instructions. Complete the transaction from your external wallet or bank.

Confirming Your Deposit

Once you have made the deposit, you need to confirm that the funds have been credited to your P2B account:

  1. Check Your Balance: Go to the “Wallet” section and check your balance to ensure the funds have arrived.
  2. Transaction Confirmation: Depending on the currency, the confirmation time may vary. Cryptocurrencies typically require multiple confirmations on the blockchain.

Buying XEM on P2B

Navigating to the Trading Section

With your account funded, you can now proceed to buy XEM:

  1. Go to the Exchange Section: Click on “Exchange” or “Trade” in the P2B dashboard.
  2. Select XEM Pair: In the trading interface, search for the XEM trading pair that matches your deposited currency (e.g., XEM/BTC, XEM/ETH, XEM/USD).

Placing a Buy Order

  1. Choose Order Type: Decide whether you want to place a market order (buys at the current market price) or a limit order (buys at a specified price).
  2. Enter Order Details: For a market order, enter the amount of XEM you want to buy. For a limit order, enter both the amount and the price you are willing to pay.
  3. Execute the Trade: Click on “Buy XEM” to place your order. If you place a market order, the trade will execute immediately. For a limit order, it will execute once the market price reaches your specified price.

Confirming Your Purchase

After placing your order, confirm your purchase by checking your P2B wallet:

  1. Check Your Balance: Go to the “Wallet” section and check your XEM balance.
  2. Review Trade History: Navigate to the “Trade History” or “Order History” section to review the details of your transaction.

Securing Your XEM

Transferring to a Secure Wallet

For added security, consider transferring your XEM to an external wallet:

  1. Choose a Wallet: Select a secure wallet that supports XEM, such as the NEM Nano Wallet or a hardware wallet like Ledger.
  2. Initiate the Transfer: In the P2B wallet section, select XEM and click on “Withdraw.” Enter your external wallet address and the amount you want to transfer.
  3. Confirm the Transfer: Follow the instructions to complete the transfer. Check your external wallet to ensure the XEM has arrived.

Best Practices for Security

  • Enable 2FA: Always keep two-factor authentication enabled for your P2B account.
  • Use a Strong Password: Use a strong, unique password for your account and change it regularly.
  • Keep Your Wallet Secure: Ensure your external wallet is secure, with backups of your private keys stored in a safe place.


Buying XEM on P2B is a straightforward process when you follow the right steps. By creating a P2B account, verifying your identity, depositing funds, and placing a buy order, you can easily acquire XEM. Always prioritize security by enabling 2FA and transferring your XEM to a secure wallet. With these practices, you can confidently invest in XEM and participate in the innovative NEM blockchain ecosystem.

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