The NEM blockchain was created to serve as a dApp development platform, similar to Ethereum, but written in JavaScript. Its native coin is NEM (XEM). Holders of XEM will need to understand how to find the best NEM wallet to store their investment. The right wallet combines usability and security—vital needs for any NEM holder.

Source: coingecko.com

1. NEM Nano Wallet

NEM Wallet Website: https://nem.io/downloads/

NEM Wallet Type: Desktop, compatible with Mac, Windows and Linux

Ease of Use: Medium

Safe: Moderate

Cost: Free

NEM NANO wallet is a desktop wallet which can be installed and used on most major platforms, such as Mac, Windows and Linux operating systems. The wallet allows users to store and manage XEM coins easily. Other features include good security, sending messages and mosaics to any address or namespace.

The setup and interface of the wallet are appropriate for beginner users as well. Multi-signature and multi-user accounts are supported, and the private keys never leave your computer, meaning you are always in control of your funds. All these features make it one of the best wallets for XEM storage, as the development team of Trezor itself also integrated support for this wallet. The Nano wallet is only for XEM storage, and it also supports NEM harvesting.

Source: toshitimes.com

2. Trezor Wallet

NEM Wallet Website: https://trezor.io/

NEM Wallet Type: Hardware, Multicurrency

Ease of Use: Difficult setup

Safe: Increased security

Cost: Paid

Trezor is a crypto hardware wallet that stores coins offline, thus keeping them safe from any online attacks. There is a backup passphrase that allows you to recover your funds in case the wallet gets lost. The device has two buttons and a small OLED screen that allows you to confirm transactions; it connects you via USB to your personal computer or phone.

The wallet has top-grade security as it features something called “limited USB connection,” which protects your coins even if your computer is infected. It is also secured by a nine-digit PIN code which is requested each time anyone acceses the wallet.

In addition to NEM, Trezor also supports a hundreds of other cryptos, including Bitcoin, Ethereum, Ethereum Classic, Dash, Zcash, Dogecoin, and Litecoin. It is compatible with OS X (version 10.8 and higher), Windows (version 7 and higher), Linux and Android systems. Apps such as Multibit HD, Mycelium, and TREZOR Wallet are also compatible.

The setup process is not that simple for beginners and might require assistance.

Source: Google Play

3. Guarda Wallet

Guarda Wallet website: https://guarda.com/

Wallet type: Desktop, Mobile, Google Chrome extension, Web

Ease of use: Easy to use

Safe: Not as secure and safe as an offline wallet

Cost: Free

Guarda is a cryptocurrency wallet that was created in order to help users handle their virtual currencies in a fast and easy way. Guarda is one of the most recognized wallets to handle NEM (XEM) and many other virtual currencies in the market. One of the most interesting features of Guarda is that it allows users to hold a large number of virtual currencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), EOS, NEM and many others.

In addition to it, the wallet can be used in many different platforms. Users can download a mobile application, a desktop version or a Google Chrome extension. Nevertheless, it is also possible to use it through the web.

This NEM (XEM) wallet is free and it can be used in many different formats. Moreover, it supports a large number of digital assets (over 40) meaning that NEM users can simply hold all their virtual currencies in the same platform. This provides efficiency gains and a simple way of handling funds.

According to Trustpilot, Guarda wallet has 84% of positive comments from users that consider that the wallet is “Excellent” or “Great.” Just 13% of the reviews were negative, considering the services provided by the wallet “Poor,” or “Bad.”

This non-custodial wallet would help users deal with their digital assets, through different platforms, and supporting different cryptocurrencies.

4. NEM Mobile Wallet

NEM Wallet Website: https://nem.io/downloads/

NEM Wallet Type: Mobile, compatible with Android and iOS

Ease of Use: User-friendly interface

Safe: Low

Cost: Free

NEM Mobile wallet is one of the best wallets for mobile NEM users, and it is compatible with Android and iOS systems. The mobile wallet app is easy to install and set up, and allows users to conveniently send and receive NEM, as well as import and export NEM accounts.

This wallet also has a multi-signature feature, which encrypts all your private data and keys from your device and wallet. Transactions are executed quickly, and the funds can be sent through its user-friendly interface with great ease.

Source: freewallet.org

5. FreeWallet

NEM Wallet Website: https://freewallet.org/

NEM Wallet Type: Multicurrency, mobile and web interface

Ease of Use: Medium

Safe: Low

Cost: Free

FreeWallet is a multicurrency wallet which can be used on both mobile and desktop to store and manage more than 30 types of cryptocurrencies. FreeWallet includes apps that work as hosted wallets; an HD Lite Wallet is also available where the hosted wallets can be used to test cryptocurrencies without needing technical features and complex settings. No registration is required.

The downside is that the wallet keeps the coins on their servers; therefore the wallets are not in your control, meaning this is not the safest options since you can be a victim of various security risks.

No backup is available as restoration can be done by freezing your account or accessing it from any Android or iOS mobile. Additional security can be added by using security codes or by having your email/phone number verified.

Freewallet allows users to perform smart transactions as well. Cryptocurrencies can be exchanged between each other in the wallet at certain rates. This NEM crypto wallet might not be for all users, as they might not like the wallet having control of their keys.

Source: nem.io

6. NCC (NEM Community Client)

NEM Wallet Website: https://nem.io/downloads/

NEM Wallet Type: Desktop, compatible with Windows, Linux, MAC

Ease of Use: Complex configuration

Safe: Secure

Cost: Free

NEM community Client is a node of the network, and the NCC wallet incorporated includes advanced features and supports harvesting XEM coins. This is the best NEM wallet for advanced users that are interested in harvesting and delegated harvesting. The wallet can be installed on Windows, Linux and MAC devices. Before installing the wallet, you have to verify your computer for hidden viruses thoroughly. The configuration process might be too much for beginner users.

Source: finder.com

7. Coinomi

NEM Wallet Website: https://www.coinomi.com/en/

NEM Wallet Type: Multicurrency, Compatible with mobile and desktop systems

Ease of Use: intuitive GUI

Safe: Moderate

Cost: Free

Founded in 2014, Coinomi is a popular crypto wallet that supports NEM in addition to a large number of other cryptos. It is a secure and multi crypto wallet for both mobile and desktop that offers support and true proprietorship for as many as 125 blockchains and 382 tokens — a total of 507 assets. Thousands of other tokens can be used as any ERC20 token can be added. This is the best wallet option for users that are looking to access a large portfolio of cryptos on the go.

Security wise, the Coinomi wallet has never experienced any hack or security breach so far.

The wallet features Changelly and ShapeShift integration as well, allowing traders to convert their cryptos into other cryptos without ever leaving the wallet.

No name, email, or KYC is required upon registration, your IP is hidden, and no logs are kept on their servers. The user interface is very intuitive and enables anyone to navigate through its settings and wallets easily.

Summary

After finding the right wallet for your NEM holding, consider learning more about the project.

Investors will want to look into the NEM Price Prediction and Technical Analysis article that’s updated with new happenings to the project. UseTheBitcoin also covers price news like the 25% spike in NEM price after NEM trading on Coincheck resumed.

Interested parties can follow the guide on how to buy NEM on Binance or go straight to the popular exchange itself.