Live WNXM Price Analysis
The current real-time price of Wrapped NXM is $63.60and its trading volume is equal to US$1,738,338 in the last 24 hours. WNXM price has grew by
1.83%
on the last day and increased by
6.97%
in the last 7 days. It is important to note that Wrapped NXM’s current market capitalization is US$81,316,134Speaking of working resources, WNXM has 1,278,534 coins. Wrapped NXM currently has a market rating of #401.
NXM wrapped price today
52.59%
below
always on top and that’s it
3638.35%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling VNHM are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is wrapped NXM (wNXM)?
wNXM is a wrapped version of the NXM token., which is the native token of the Nexus Mutual protocol. His decentralized insurance protocol based on Ethereum which provides protection against failures smart contracts on the Ethereum blockchain.
The NXM token is used to purchase coverage, vote on decisions regarding the development of the protocol, and so on. However, in order to use NXM tokens on the Nexus platform, users must go through a Know Your Customer (KYC) process..
On the other hand, wrapped NXM tokens without KYC. Thus, they allow traders to own NXM tokens without going through this process. However, wNXM tokens cannot be used on the platform until they are deployed.and only registered Nexus Mutual members are authorized to deploy them.
Moreover, it is important to note that the price of NXM in packaging may differ from the price of NXM. This is so because the latter follows bonding curveand wNXM price follows supply and demand market.
Usually when Minimum Capital Requirements (MCR) There are enough NXM tokens, the difference between the wNXM price and the NXM price is eliminated by arbitrageurs. The MCR is the amount of money a mutual insurance company needs to be completely confident that it can cover all claims. However, the price of Wrapped NXM may fall below the price of NXM if the MCR reaches 100%.
What is the trading volume of Wrapped NXM in the last 24 hours?
WNXM has trading volume US$1,738,338 in the last 24 hours.
What is the highest price for Wrapped NXM?
WNXM has the highest price US$134.14which was achieved at May 12, 2021 (2 years 9 months ago).
What is the lowest price for Wrapped NXM?
WNXM has the lowest price US$1.70which was achieved at December 11, 2022 (1 year 2 months ago).
Which exchanges are best for buying and selling WNXM?
Currently the most active and dominant exchanges for buying and selling Wrapped NXM are Binance, Kraken & Kucoin. The most popular NXM wrapped trading pairs WNXM/USDT
(on
WhiteBIT
),
VNHM/VET
(on
Uniswap (V3)
),
WNXM/USDT
(on
Binance
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
What are the safest hardware wallets for storing WNXM?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage NXM wrapped. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
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Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
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