There are many cryptocurrency networks but ICON is one of those networks which have a strong and amazing concept.
If you have heard about ICON Network before then you must be also familiar with its native cryptocurrency known as ICX. The ICON network is heavily dependent on the ICX coin. If the ICON Project performs well, the price of the ICX token could rise.
Many websites say that the price of ICX may increase over time, so people are interested in buying ICX coins. You are here means you are also interested in buying ICX coins. We do not know what is your motive for buying ICX, but we do know the process of buying ICX coins.
In this article, we have guided where and how you can buy ICX tokens.
What To Expect In This Guide?
We have first explained what ICON and ICX coin is, and then where and How to buy ICX coin. We guided step by step how you can buy ICX coins, showing steps to buy ICX from 4 different cryptocurrency exchanges, which are Binance, Kraken, Crypto.com, and Gate.io.
What Is ICON?
The ICON project was launched in 2017 by a South Korean organization called Icon Foundation.
The ICON is a next-gen blockchain protocol for decentralized applications (dApps) with smart contracts functionality and interoperability.
Today it is an era of blockchains, blockchain technology is being used in various places. But there are too many blockchains, each blockchain community uses its own blockchain.
ICON Network wants to connect different blockchain networks with each other. ICON project aims to create a decentralized network for blockchain networks.
Blockchain communities can connect on ICON Network through a Decentralized Exchange (DEX). The ICON blockchain network is a part of Decentralized Finance (DeFi).
ICON’s vision is to create a reliable decentralized global network that will allow people to connect to any blockchain.
What Is ICX coin?
ICX is the native cryptocurrency of The ICON Network. It is the currency for applications on the ICON platform.
ICX can be used to participate in governance and transactions on the network, it is used to send and receive payments on the blockchain.
Users can earn rewards by staking the ICX token, the annual reward rate is 10.6% for staking 1 ICX.
Where To Buy ICX?
ICX Crypto is listed on various cryptocurrency exchanges, it is available on over 30 crypto exchanges.
Some of the popular crypto exchanges where ICX is listed are Binance, Kraken, Gate.io, Crypto.com Exchange, Huobi Global.
We recommend that you should buy crypto from only popular exchanges as they are considered safe and highly secure.
In this guide, we have taught you how to buy ICX from 4 popular exchanges, they are Binance, Kraken, Gate.io, and Crypto.com.
How To Buy ICX?
Binance is the largest cryptocurrency exchange in the world and is considered one of the safest for cryptocurrency trading. Binance has a great customer support.
Here is how you can buy ICX coins from the Binance exchange, the process is very easy just follow these 4 steps:
Step 1: Create an account on Binance.
- Click on Register on the Binance website.
- Create an Account with your Email Address or Mobile Number.
Step 2: Get Verified on Binance.
You have to provide your personal information and government-issued ID to get verified on Binance.
- Click on the profile icon and then Identification.
- Click on Verify.
Step 3: Buy USDT, BUSD, BTC, or ETH. You can only buy ICX with these coins on Binance.
- Click on Buy Crypto. Choose your method to Buy.
- Buy USDT, BUSD, BTC, or ETH with Fiat money.
Step 4: Buy ICX.
- Click on Trade and then on Convert.
- Convert Purchased USDT, BUSD, BTC, or ETH to ICX.
Kraken is a US-based crypto exchange, founded in 2011 by Jesse Powell. Kraken has gained a lot of popularity over the past few years. You can trade in over 100 cryptocurrencies on this cryptocurrency exchange.
Follow these steps to ICX token on Kraken:
Step 1: Create an account on Kraken.
- Click on Create Account on the Kraken website.
Step 2: Get Verified on Kraken.
- Click on Your Name then Click on Get Verified.
Step 3: Deposit funds into your Kraken Account.
- Click on Funding and then Click on Deposit.
Step 4: Buy ICX.
On Kraken, you can Buy ICX with USD, EUR fiat currency and BTC, ETC crypto.
- Click On Trade and Search For ICX.
- Click On Buy.
Crypto.com is also a very famous exchange, which is becoming more and more popular day by day. It is a Hong Kong-based crypto exchange, established in 2016. The exchange has over 10 million users worldwide.
We recommend that you should use the Crypto.com app to buy ICX.
Steps to Buy ICX on Crypto.com:
Step 1: Download Crypto.com App from Google Play and Apple App Store.
Step 2: Create an account on Crypto.com.
Step 3: Verify your account on Crypto.com.
Step 4: Deposit funds into your Crypto.com account or link your Debit/Credit card.
- Learn how to deposit fiat currency into your Crypto.com account.
- Learn how to link your debit/credit on Crypto.com.
Step 5: Buy ICX on Crypto.com
To buy an ICX coin on crypto.com you must first buy USDT, CRO, or BTC with only these 3 coins, you can buy ICX on crypto.com.
- First buy any one of these 3 coins: USDT, CRO, or BTC with your Credit Card or Fiat Money.
- Click on Trade and Buy.
- Now Buy ICX with USDT, CRO, or BTC.
Gate.io is one of the top 10 cryptocurrency exchanges, founded by Lin Han in 2013. According to CoinMarketCap, there are over 1200 cryptocurrencies available on Gate.io. It is one of the fastest-growing crypto exchanges.
Here are the steps to buy ICX on Gate.io:
Step 1: Create an account on Gate.io.
- Click on Sign Up on Gate.io.
Step 2: Verify your account on Gate.io.
- Click on the Profile icon then KYC & Security.
- Click on Verify Now.
Step 3: Buy ICX.
You can buy ICX with only USDT or ETH on Gate.io.
So, First, buy USDT/ETH on gate.io:
- Click on Buy Crypto then buy USDT or ETH.
Then Buy ICX with USDT/ETH
- Click Trade and then Spot Trading.
- Search For ICX and Convert Your USDT/ETH to ICX coin.
Now, you know how to buy ICON (ICX) from 4 different exchanges. We Hope, you understood what we explained.
Thank you very much for allowing us to teach you the buying process of ICX in this article.
[Disclaimer: The content of this article is not intended as financial advice, and should not be construed as such. Neither readaboutcrypto.com nor the author is responsible for any investment decision made by any reader.]