NEM nano wallet can be downloaded from the official NEM webpages. It is a desktop wallet for Linux, Windows and MAC. You can also download the wallet for Android and iPhone.
Let’s have a look at NEM‘s nano wallet. It’s a web browser wallet with a great and intuitive UI. After account creation the public wallet address is available. The user can see and backup an account private key (the user must type the password).
Wallet allows the user to send XEM, mosaics or messages to any address or namespace. In addition there is apostille service available within the wallet. When there is balance higher than 10.000 of XEM in a wallet, then the user can take part in voting and can harvest XEM (passive income). There are two types of harvesting: local and delegated.
Nem is stored in special wallets that consist of private and
public keys (see above). There’s a huge number of cryptocurrency wallets with
different features and it’s hard to recommend one that would cover all your needs.
Let’s see the major differences between various wallets.
They represent the so-called cold wallets, meaning they operate offline - unless a payment needs to be made. Hardware wallets store your private keys on a storage medium, and usually connect to a computer via USB to make a payment transaction, after entering a pin. Easy to use with a high level of security. The best Nem hardware wallets are Trezor Model T, Trezor One.
Online wallets run on a server and can be accessed from any device at any location. They are the most convenient to use, but remember that your private keys are stored online and with a third-party - the probability of hackers’ attacks and theft is higher. The most reliable online Nem wallets are CoinSpot, NEM Nano Wallet.
These don’t offer as much functionality compared to desktop wallets, however their convenience lies in the fact that you always have the wallet with you and can use it anywhere, e.g. to pay at a retail store. The best mobile Nem wallets are NEM Nano Wallet, CoinPayments, Nem Mobile Wallet.
You can download and install these on your computer. They will only work and be accessible on this single computer. They are among the most secure wallets, unless your computer gets hacked or attacked by a virus. The best desktop Nem wallets are Nem Nano Wallet.
Although it sounds strange or even funny to talk about paper wallets in connection
with a digital currency, they exist - in the form of printed-out private and public
keys. Because of their physical (and offline) nature, they provide a very high level
of online security.
Which Nem Wallet Should I Use?
There’s no single answer. It is best to realize what is the desired purpose of the
wallet. If you want to use it to regularly pay and receive small amounts
of Nem, then mobile or online wallet makes sense due to their
ease of use. If however, you want to use the wallet to hold a
small Nem fortune then security should be your priority. The
range of devices you use the most often will also help determine what wallets are
best for you, as there is at least one for each type of device.
It is best to approach Nem wallets as you would your regular money
- cash and credit card is used for small payments (hot wallets-mobile), while your
savings sit securely in a saving account (cold wallet-hardware), or spread out in
several investments. Choosing a wallet which makes the private key with which you
dispose of your cryptocurrency visible only to you is most important. Our top picks
for Nem would be Trezor Model T and Trezor One for a
secure storage of your private keys.
How do I get a Nem address?
Getting a Nem adress is easier than it looks. For this you will
need to set up a Nem wallet of your choice. Check out our wallets
section for advice on which type of wallet will suit you best. Once you've set up a
wallet, for receiving or sending coins your wallet client will each time generate a
unique Nem adress.