What is ICON ICX? Where and How to Buy Online Explained November 30, 2021

The first step is to register an account on a crypto exchange account. There are many exchanges in the UK regulated by the Financial Conduct Authority. Before opening an account, confirm whether the exchange supports ICON tokens and the GBP.

Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Once on HitBTC, you’ll have to deposit your base cryptocurrency that you wish to exchange for ICX tokens. This is typically going to be either Ethereum or Bitcoin, depending on your preference.

A Beginner’s Guide to Buying and Selling ICON Cryptocurrency in the UK

We have helped millions of people safely buy cryptocurrencies over the past five years. We made this website to help other Brits buy cryptocurrency safely. If you’re still struggling after reading our guide, contact us here. BC Bitcoin are a Hertfordshire based Cryptocurrency Brokerage that allows you to Buy, Sell and Exchange a wide variety of Cryptocurrencies including ICON (ICX). This is a great option for anyone looking to buy ICON with British Pounds or Euros in a simple and safe way.

Parts like data privacy, costs and payments, delivery conditions, returns and customer service are checked regularly. ICON additionally possesses its own decentralized exchange (DEX). This allows for not only ICX to be traded, but also many other supported cryptos, all hosted decentrally. Meaning ICX price is affected by many different factors, not one singular determinant. There are multiple factors to consider when purchasing ICX.

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You can also check out our cryptocurrency glossary, which aims to explain some of the common jargon. The coin should be competitive enough not to be overshadowed by other major cryptocurrencies such as Bitcoin and Ethereum. To enhance the security of your account, you need to provide a multi-factor authentication process.

You should invest in ICON if there is enough in circulation. This will make it easier for you to fill your buy and sale orders. Well, there are hundreds of crypto exchanges and brokers in the UK. This can make it hard to know which platform is right for you. This guide will take you through buying ICON tokens and how you can make money by selling the tokens at a higher value.

How to buy ICON (ICX) in the UK

Enter the amount of GBP or crypto you want to exchange for ICON tokens and confirm your order. You will receive a notification after that your transaction has been completed, and your new ICON tokens will appear on the exchange account. While we are independent, we may receive compensation from our partners for featured placement of their products or services. On the off chance that you are a frequent trader, you do not have to remove your crypto from the exchange and into another wallet. However, if you want something safe and secure, cold offline wallets are the best option.

Evaluate its lowest prices and its all-time highs to understand how the level of volatility. It would be best to look at the number of projects supported by the ICON network because this also affects ICON tokens. After you have successfully how to buy icon created your account, the next step is to fund your account. To do so, you can deposit GBP to the exchange from your bank account. If you’re based in the UK and wish to buy  ICON – the process is very straightforward.

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Before buying crypto using this guide, you need first to understand that crypto investments are very risky. Cryptocurrencies are speculative and investing in them involves significant risks – they’re highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested.

• Now that you have funds or cryptocurrencies in your account that you can use to buy ICON tokens, the third step is to go to the buying section on the exchange.
• Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
• If you do not already own these cryptocurrencies, you can start by buying them and later exchanging them for ICON.
• If you are unsure you should get independent advice before you apply for any product or commit to any plan.
• Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods.

There are many crypto wallets available, and the only thing you need to do is select one that will be compatible with ICON tokens. Supposing you want to keep your ICON tokens locked away for a long time without trading, the https://www.tokenexus.com/paper-ethereum-wallet/ most preferred wallet would be a cold hardware wallet. The wallet keeps your tokens offline and minimizes the risk of them being lost. Cold wallets are also a great option if you are buying large amounts of ICON tokens.

Buy ICON today

All you need to do is find a regulated exchange, deposit some funds, and decide how many  ICON tokens you want to buy. 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. Once you’ve allocated your pair, create an order to exchange the base crypto to ICX. This is easily done through HitBTC’s market order capability. Limit orders can be used as well, however they are a little more complex and require specific price points.

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