How to Buy NEM (XEM) with Sponge ($SPONGE)
To buy NEM using Sponge, first, find a cryptocurrency exchange that supports the XEM/$SPONGE trading pair. Create an account, verify your identity, and deposit your $SPONGE into your exchange wallet. Locate the XEM/$SPONGE pair on the trading platform and place an order to exchange your Sponge for NEM. If the XEM/$SPONGE pair is unavailable, you can first exchange Sponge for a stablecoin like Tether (USDT) or a fiat currency, then trade that for NEM. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
How to Sell NEM (XEM) for Sponge ($SPONGE)
To sell NEM for Sponge, first, find a cryptocurrency exchange that supports the XEM/$SPONGE trading pair. Create an account, verify your identity, and deposit your XEM into your exchange wallet. Locate the XEM/$SPONGE pair on the trading platform and place a sell order to exchange your NEM for Sponge. If the XEM/$SPONGE pair is unavailable, you can first sell NEM for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Sponge. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.