Last update: Jun 6, 2022

How to Buy IDEX (IDEX)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy IDEX. Depending on where you live, you’ll have different trading platforms to choose from.

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

Let’s get started!

Idex

How to Buy IDEX – 4 Easy Steps

1. Choose a crypto 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 IDEX 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 trading platforms.

4. Buy IDEX

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

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

Where to Buy IDEX (IDEX)

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 IDEX

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

 

Crypto trading

How to Buy IDEX (IDEX) 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 IDEX in Australia, the process remains the same:

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

You can also take a look at our analysis of the cryptocurrency brokers in Australia for those curious to know more about which ones we would recommend.

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 IDEX (IDEX) 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 IDEX 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 IDEX if it’s available. If the exchange doesn’t have IDEX. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has IDEX), and trade your ETH for IDEX.

You can also take a look at our analysis of the best bitcoin trading platforms in Canada if you’re curious to know more about which ones we prefer.

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 IDEX (IDEX) 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 IDEX 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 IDEX if it’s available. If the exchange doesn’t have IDEX. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has IDEX), and trade your ETH for IDEX.

It’s also possible to take a look at our analysis of the best bitcoin trading platforms in the UK if you’re interested in learning more about which ones we would recommend.

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 IDEX? IDEX Rundown

Idex is the first DEX to combine an order book model and an automated marketplace maker. It combines the best features and performance of a traditional orderbook model with the security of an AMM and liquidity. Idex is a decentralized exchange that combines an off-chain trading engine and on-chain trade settlement. This is an innovative approach to decentralized markets. This combination benefits users in many ways.

This approach eliminates failed trades and gas fees. It makes trading more enjoyable and efficient. Instant trade execution makes it impossible to front-run or use sandwich attacks. Users can also trade immediately without waiting for trades to settle. Limit orders allow for more complex order types and trading strategies, which opens up the possibility of arbitrage with other exchanges.

Idex has an ambitious roadmap. It envisions a multichain future for the exchange. It currently runs on Ethereum, BinanceSmart Chain. It plans to launch second-layer solutions, Polkadot, and implement a referral. Idex will launch additional layer one and two blockchains and implement leverage trading.

Idex is unique in that it combines an order book model and an automated market maker. Idex employs an off-chain trading engine to execute trades. It matches the performance of central exchanges and ensures proper sequencing. Trades are handled in an off-chain ordering system. The transaction can only be settled on-chain after a trade has been executed and matched.

Users can cancel orders and place them without incurring additional network charges. Placements are also processed immediately, which allows for more advanced trading strategies and market-making strategies, such as stop-loss and post-only, fill-or-kill, and fill-or kill.

Automated market maker ensures liquidity by showing virtual limit orders in order book along with real limit orders. This allows you to visualize AMM liquidity within the order book model. Most orders are settled using AMM or a combination of AMM and limit order liquidity.

Smart contracts are used by Idex to decentralize trade settlement and fund custody. The smart contract executes trades on-chain, but trades are settled with a delay on-chain to enable the order book model. The smart contract acts like an escrow, and prevents funds from moving until settlement is complete. Trades can be sequenced and funds cannot be restricted indefinitely due to a special function of the smart contract. The smart contract also enforces ownership and authorization. Users can trade without any additional infrastructure and maintain custody.

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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.