By now it is known that cryptocurrencies do offer many advantages over the traditional fiat currencies. However, for many cryptos, these advantages are just theoretical. ICON cryptocurrency whose ticker symbol is ICX was introduced to solve this problem. ICON is a blockchain technology firm located in South Korea. ICON is also popular for being known as South Korea’s Ethereum. In this articles, i have explained “How To Buy ICON (ICX) Cryptocurrency”
But before discussing how to buy ICX, let me give a short introduction to ICON cryptocurrency for those who are still aren’t aware about it.
ICON is built to act as a platform where Decentralized Apps (DApps) and Smart Contracts can be built on. The ICON blockchain interlinks cryptos hence making it more unique than Ethereum. The ICON blockchain tries to remove the bridge between cryptocurrencies and fiat currency by bringing together decentralized networks of blockchain communities that can easily interact without compromising their autonomy.
ICON allows different blockchains to communicate and even transact information. Ideally, ICON is designed to unify all the current and future blockchains which are used in different and diverse industries into one interconnected network.
ICON is fabricated in a way that when you set up a DApp on the network, you can freely interact with other communities and DApps which are found there. Therefore, ICON be referred to as a giant network made of many other networks and which enable users to interact automatically and instantly. ICX token will be used to facilitate these interactions. A simple example is one where an insurance company can send payment to a car dealership on the network. The ICON Republic is the one that oversees such transactions and the fee is paid in ICX.
The popularity of cryptocurrencies is increasing day by day and so is the interest of investors. With more than 1500 cryptocurrencies to buy/sell/trade/invest, there is one common question from newbies entering into crypto world, which is “How to buy X coin? or Where to buy X coin?”In this article, I will explain you to ” How to Buy ICON (ICX) Cryptocurrency”. The basic procedure to buy/sell for almost all the cryptocurrencies remains the same.It is just that, one must know which cryptocurrency is listed on which cryptocurrency exchange.
The above mentioned steps are for those who have basic knowledge of the crypto world and can register themselves on cryptocurrency exchange and buy/sell cryptocurrencies. If you did not understood the above process, I am sure you are new to the crypto world. For newbies, I have mentioned below a detailed step-by-step guide on “How To ICON (ICX)”
ICON Cryptocurrency can be bought from cryptocurrency exchanges / cryptocurrency trading platforms in exchange of Bitcoin or Ether. But first you need to register an account on the cryptocurrency exchange on which ICON is listed for buying/selling.
I have mentioned below the list of cryptocurrency exchanges from where you can buy ICON cryptocurrency. As of now, lets take the example of Binance cryptocurrency exchange, which has the most volume in trading of ICON as compared to other cryptocurrency exchanges. (The procedure for other cryptocurrency exchanges remains the same)
Now let’s explain you in detail about each and every step for a hassle free way to buy ICON Cryptocurrency
NOTE: I strongly recommend you to activate Two-Factor authentication (2FA) to your Binance Account. 2FA adds additional layer of security to the account. Make sure you keep a backup of the 2FA phrase before activating it.
Once bought, your ICX tokens will be stored in Binance’s ICX wallet. You can either store it here or transfer it to any other cryptocurrency exchange or ICX wallet.
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