Once the transfer is confirmed, the corresponding amount of ICON will be credited to your account. Some exchanges charge fees based on a spread, or margin on top of the market price. Others base fees on a flat rate or percentage of your total purchase, which can vary based on your location, payment method, and other factors. ICX serves as the currency for all applications built on the ICON blockchain. It can be used for sending and receiving payments on the blockchain and covers transaction fees within the ICON ecosystem.
- Some exchanges also have independent insurance policies to help protect investors from potential hacking.
- Now you know how to begin investing in ICX, the token behind the hyperconnected decentralized network of the future.
- Access the best ICX exchange rate on ChangeNOW and perform an instant conversion.
For some exchanges there is a depth percent that shows how much liquidity is available, live bids two percent up or down from the current price. The list is sorted by 24-hour volume and CL trust rating, and different pairs are listed separately with the corresponding volume. Exchanges with more active trading features often use a fee model determined by market price fluctuations, known as maker-taker fees. If you buy at the current market price, you’ll be charged a (usually higher) “taker” fee. Or, you can set a price at which you want to buy, and wait for the market to reach that point. Several factors could positively influence the price prediction for ICX.
Top exchanges where I can buy ICON?
The P-Reps are crucial actors in the ICON network, responsible for important actions determining whether the entire network is useful. For this reason, delegates are rewarded for good, efficient behavior and penalized for bad, inefficient behavior. Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator.
These platforms typically facilitate the matching of buyers and sellers and provide an escrow service to ensure secure transactions. P2P trading can be advantageous for individuals who prefer privacy, want to negotiate prices, or have limited access to traditional banking services. ICON can’t be purchased through your bank or investing firm yet — though some organizations are working toward that possibility in the future. For now, you’ll have to go through a cryptocurrency trading platform to exchange your U.S. dollars (fiat currencies) for ICON or other digital currencies.
How do I trade, convert or sell ICON?
That is done through ICON’s Blockchain Transmission Protocol which provides a set of rules determining how the said connection, or rather interaction, happens. Because it has only recently transferred from an ERC-20 placeholder to a token on the ICON blockchain, there is not yet a wide range of wallets supporting ICX. The most secure option is to use a hardware wallet such as the Ledger Nano S or the Trezor (both of which support ICX).
Crypto exchanges are where users can buy, sell, and convert different cryptocurrencies. Here you can find list of all ICX exchanges where you can buy and sell ICON, trade ICX with other cryptocurrencies including stablecoins, and fiat currency. You can search by exchange name to find out if ICX is available on your desired crypto exchange. There are more than 21 crypto exchanges on which you can trade ICX, you can buy ICX with USD, EUR, also with stablecoins USDT, BUSD, USDC, and with crypto coins BTC, ETH. The top exchange by buy/sell volume for the last 24h is Binance with usdt trading pair. P2P trading platforms connect buyers and sellers directly, allowing them to trade buy ICON directly with each other.
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Step 5: Find and select the BTC, ETH, BNB or USDT Pair
The most popular ICON exchanges are Binance, KuCoin, Huobi Global and OKX. There are many other crypto exchanges where you can trade ICON, but make sure to do your own research before making your choice. Also, make sure to check out our
cryptocurrency exchange reviews. In this case, by using limit orders, investors will have the possibility to reduce their trading fees and also select better prices. Investing in ICX offers the opportunity to benefit from the token’s value appreciation, staking rewards, and participation in network governance.
With the advancement of ICON’s interoperability and user-friendliness, more users and developers can be drawn into the ecosystem, leading to increased demand for ICX. The whole process can take as little as 15 minutes and all you’ll need is a smartphone or computer, an internet connection, photo identification and a means of payment. If you’re ready to get started, read on for step-by-step instructions and a list of platforms you can buy ICON.
Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant information with the institution or provider’s site.
Hardware wallets are usually the best way to storing cryptocurrencies. They would allow you to have your funds protected at all times and free from attacks or hacks. At the next screen, you will be given a wallet address to send your funds to. Make sure you send only the selected type of coin to this address – ie. If you send any other coin to this wallet, your deposit could be lost.
Binance is the best choice when it comes to trading ICON with fiat currencies. Bank account is usually the cheapest deposit method for buying ICON. Limits are also usually higher when using a bank account, assuming you have verified your account. Some exchanges also have independent insurance policies to help protect investors from potential hacking.
Which exchange has the most ICON trading volume?
ICON is trading on 32 cryptocurrency exchanges across 54 trading pairs. The most popular ICON pair is
ICX/USDT
on Binance Futures,
where it has a trading volume of $ 2.99M. You can trade
ICON with many fiat currencies including KRW, EUR, USD, INR
and many stablecoins such as USDT, USDC, BUSD. This service also does not require registration, even in the case of cashing out your ICX. With ChangeNOW you will get the best possible exchange rates, and only the required minimum amount of fees, such as network fees. You can buy ICON with a credit card on Binance and other exchanges like KuCoin, Huobi Global and OKX.
One of the main factors is the growth and expansion of the ICON ecosystem. The more dApps and partner blockchains integrated into the ICON ecosystem, the greater the demand for ICX tokens for staking and governance purposes. Third, ICON hosts a thriving ecosystem of dApps, including DeFi protocols, NFT platforms, and games, which provides the potential for further value creation within the ecosystem. Finally, the active development and improvement of the BTP protocol strongly indicate the ICON team’s commitment to realizing its vision of an integrated blockchain future. Finder.com is an independent comparison platform and
information service that aims to provide you with information to help you make better decisions.
Bank transfers are slow in many countries, so bank transfer is often the slowest way to buy ICON. Staking for block validation refers to locking up ICX while validating the following block to be added to the blockchain. Staking on ICON secures the network while rewarding active stakeholder participation.
Now you’ll be on Buy/Sell page, choose currency and enter amount how much you want to spend. Selling crypto on Gate.io, Binance, Kucoin is easy, and you can cash out your proceeds to your bank or PayPal account. ICON (ICX) is in the top 1,000 cryptocurrencies by market cap, valued at $203,215,683. ICX also utilizes a Delegated Proof of Contribution economic governance model where blocks are produced and validated by 22 public representatives. Its current circulating supply is
icx 964,985,748
with a market cap of
$201,313,382.29. Access the best ICX exchange rate on ChangeNOW and perform an instant conversion.
With a lot of different smart contract platforms coming to prominence, the question of interoperability comes up. How will NEO applications be able to communicate with Ethereum or Cardano apps? Their platform will aim to allow different blockchain networks to work with each other, as well as enabling seamless exchanges between different cryptocurrencies. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors.
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it’s a good idea to have those ready. 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.
Using a credit card is a fast and convenient payment method for purchasing cryptocurrencies, but typically comes with higher fees than other ways of buying cryptocurrency with fiat. Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that’s right for you. In sum, Binance has a large liquidity for altcoins, which is good for prive discovery and trading activities. Moreover, it is also possible to acquire digital assets on this platform using a credit card. Nevertheless, not all the trading pairs are available for credit cards purchases.
With a well-established exchange like Binance or Coinbase, you can trade 24 hours a day and every day of the week. Increased liquidity and gradually improving security—in both centralized and decentralized exchanges — means it’s much easier for people to trade, which helps the ecosystem grow. Our ICON exchanges table show liquidity and also rating to measure how trusted is these liquidity stats. Once converted from ICON to a fiat currency, ICON users can use their cash to purchase anything they want. As far as using ICON directly for payments, those options are much more limited. Trade ICON crypto on KuCoin Spot Market against other cryptos to make the most of changing market conditions and volatility.
Buy or sell ICX or hold it long-term if you believe in the future potential of the ICON blockchain. Be sure to DYOR before making any trading decisions in the crypto market. Additionally, the increasing adoption and usage of DeFi and NFT platforms within the ICON ecosystem could raise the demand for ICX.
