How To Buy ICON ICX 4 Easy Steps Guide!

how to buy icon coin

The best practice in cryptocurrency is always to keep your coins in a secure wallet that you control. That means moving your coins off the exchange when you’re finished trading. You can trade ICX with fiat on 9 ICON exchanges.The largest amount of ICON trading with fiat is done on UPbit.The most popular fiat pair is ICX/KRWon UPbit. Binance is the best choice when it comes to trading ICON with fiat currencies. Despite the technology inherent in ICX’s blockchain, the coin is relatively easy to buy and sell virtual currencies when you work through a broker. The easiest way to buy ICX is by placing an ‘instant buy’ order to purchase it for a fixed price but not all crypto exchanges offer this feature.

So, when ICX reaches the price you’ve entered, Binance will automatically execute a trade for you. Alternatively, you can elect to buy at the current market price – this should be fine for novice traders. Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Find the best crypto exchanges

When purchasing ICON, it’s important to choose a reputable exchange that is easy to use, and has reasonable fees. Once you’ve done this, always transfer your crypto a hardware wallet. That way, no matter what happens to that exchange, your crypto is safe. You can basically use debit card, credit card, or even PayPal to buy the Icon (or any other cryptocurrencies).

how to buy icon coin

The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the how to buy icon coin terms of use of the platform. This will prompt you for a wallet address to withdraw your coins to. Add the address from your ICX wallet here, the click “Submit”.

How To Buy ICON (ICX) – 4 Easy Steps Guide!

This is a small guide we’ve made to make your job easier. The decentralised nature of Icon trading allows you to own and storeyourassetswithout the involvement of https://www.tokenexus.com/ a third party. The value of the assets is not determined by theexchange or a middleman, giving traders the freedom to profit from the current exchange rates.

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Posted: Wed, 10 Feb 2021 08:00:00 GMT [source]

Tyler Souza

Tyler is a very passionate full-stack developer who thrives on a challenge. He specializes in programming (mainly in Python), REST API development, and keeps up with the latest front-end technologies. When not coding, he loves to eat ramen, BBQ, and travel.

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