How To Buy Icon or ICX Cryptocurrency?
One of the youngest cryptocurrency in the market, South Korean ICON (ICX) was launched on the Ethereum ERC-20 blockchain technology with the goal to “Hyperconnect the World”.
In three months ICON (ICX) has seen astonishing growth, rising from anonymity to a top 20 cryptocurrency by market cap. Its excellent performance can be partly attributed to its partnerships, as Icon has partnered with major banks, hospitals, universities and insurance companies. Another possible reason for ICON’s success is the project’s utility, whose core purpose is to connect all blockchain communities seamlessly, regardless of their coding language.
How to buy Icon (ICX)?
Icon is listed in several cryptocurrency exchanges, but none of them offers fiat-to-ICX trades. This means that you cannot get any ICX coins unless you grab another cryptocurrency first. Here are the exact steps to buy some Icon via convenient payment methods such as credit cards and bank wire transfer.
1. First, buy some Bitcoin (BTC) or Ethereum (ETH).
You can do that on most ctypto-exchanges, yet we suggest Coinbase, because it is a major reputable company which supports credit card and bank wire payments. More importantly, it is reliable and licensed company that also accepts US clients.
Account opening and verification at Coinbase should only take you a couple of minutes. Then you have to deposit and proceed with the trades.
2. Sign up with another exchange that supports ICX.
As Coinbase allows trading in several coins only, you need to register with some of the platforms that allow you to exchange your newly acquired ETH or BTC for ICX. Coin-to-coin trading usually involves lower trading fees and ID verification is not always required. We suggest that you use Binance, as it is the most popular place for Icon trading, and besides, has low trading fees.
3. Transfer your ETH or BTC from Coinbase to the other exchange of your choice.
4. Exchange it for ICX.
5. Store your ICX coins in a wallet.
As Icon is a ERC-20 token, you can store it in any Ethereum wallet, the most popular being MyEtherWallet. It is always safer to use your own wallet, instead of keeping your coins at an exchange.
If you are not willing to go through the process described above, you can try out trading in Bitcoin with a forex broker and avoid all that hassle related to owning a coin. Unlike the majority of exchanges, most brokers are regulated, and many of them offer trading in Bitcoin, as well as other cryptocurrency CFDs. Sadly, there aren’t any brokers that support ICX yet.
How to Buy Icon or ICX Cryptocurrency Conclusion
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