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What are the factors that can affect the NEM balance in my account?

avatarchetanand munbodhNov 25, 2021 · 3 years ago1 answers

Can you explain the factors that may impact the balance of NEM in my account? I want to understand what can cause changes in my NEM balance.

What are the factors that can affect the NEM balance in my account?
NEM
Cryptocurrency
Account Balance

1 answers

  • avatarNov 25, 2021 · 3 years ago
    When it comes to the factors that can affect the NEM balance in your account, there are a few things to consider. First, any deposits or withdrawals of NEM coins will directly impact your balance. If you deposit NEM coins into your account, your balance will increase, and if you withdraw NEM coins, your balance will decrease. Second, any trades you make with NEM coins will also affect your balance. Buying NEM coins will decrease your balance, while selling NEM coins will increase it. Finally, any fees or charges associated with NEM transactions will also impact your balance. It's important to be aware of these factors to understand how they can affect your NEM balance.

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