Last update: Jun 6, 2022

How to Buy ICON (ICX)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy ICON. Depending on where you live, you’ll have a few cryptocurrency exchanges to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Icon

How to Buy ICON – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have ICON of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy ICON

Now that you have what you need to buy ICON, head over to the market or buy section of the crypto exchange and buy some ICX.

If the crypto exchange doesn’t have any ICON on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has ICON first), and trade your Ethereum for ICON.

Where to Buy ICON (ICX)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell ICON

  1. Sign into the exchange where you bought ICON.
  2. Move your ICON to the right place on the exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell ICON.

 

Crypto trading

How to Buy ICON (ICX) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy ICON in Australia, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy ICON if it’s available. If the exchange doesn’t have ICON. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has ICON), and trade your ETH for ICON.

If you’d like to know more about the exchanges we prefer, read our list of the most trusted crypto exchanges in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy ICON (ICX) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy ICON in Canada, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy ICON if it’s available. If the exchange doesn’t have ICON. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has ICON), and trade your ETH for ICON.

Alternatively, if you want to learn more about the exchanges we recommend, look at our list of the easiest crypto exchanges in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy ICON (ICX) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy ICON in the UK, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy ICON if it’s available. If the exchange doesn’t have ICON. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has ICON), and trade your ETH for ICON.

Or, if you’d like to know more about which exchanges we like, check our list of the most popular crypto exchanges in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying ICON? ICX Rundown


ICON Network, a layer one blockchain, is focused on creating a multichain bridge solution that is scalable and chain-agnostic. ICON connects all blockchains that are integrated via BTP to its partner blockchains.

Blockchain Transmission Protocol ICON's main product is an interoperability solution. It supports cross-chain token Swaps and more generic messaging features such as corss-chain smart contracts calls.

There are many blockchains that are connected to the ICON ecosystem, including Binance Smart Chain and Near, Harmony. Moonriver, Polkadot. ICE/SNOW. Ethereum.

ICON is a vibrant ecosystem of Apps. It includes deFi protocols ( Balanced, Om), NFT platforms, games, and many other features.

ICON offers interoperability solutions that are not limited by existing connections or the base technology of blockchain.

ICON is a hub that connects all blockchains integrated with the ICON ecosystem. It can be built using ICON’s Goloop or Cosmos SDK.

ICON's mission, to create a multichain future, is to integrate with existing networks while also facilitating the creation and maintenance of new connections through its interoperability solution BTP.

ICON is a delegated Proof-of-Stake (DPoS), network. This means that a majority stakeholder delegate their share of network - in this instance, ICX – to registered validators who produce blocks and take part in governance. ICON's DPoS consensus allows non-technical stakeholder to benefit from staking, without the need to create a node or join a staking group.

ICX holders have the ability to stake and delegate ICX on ICON to P-Reps – entities that have registered to govern the ICON blockchain. This DPoS implementation allows for the best of both worlds - stakers will earn passive rewards while technical people who are interested in governing ICON and setting up infrastructure can do so.

Public Representatives (Pet-Reps) are responsible for the governance of the ICON blockchain. A team or individual must register on-chain to become a PRep. This includes paying a 2,000 ICX fee. A P-Rep can begin receiving delegation in the form staked ICX after registering.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.