Last update: Jun 6, 2022

How to Buy Immutable X (IMX)

So you’re looking for a guide on how to buy Immutable X. Depending on where you live, you’ll have various trading platforms 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!

How to Buy Immutable X – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto exchange 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 Immutable X 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 trading platforms.

4. Buy Immutable X

Now that you have what you need to buy Immutable X, head over to the market or buy section of the crypto trading platform and buy some IMX.

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

Where to Buy Immutable X (IMX)

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

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 Immutable X

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

 

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

If you’d like to learn more about the exchanges we prefer, read our comparison of the Australian crypto exchange reviews.

How to Buy Immutable X (IMX) 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 Immutable X in Canada, the process remains the same:

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

You can also take a look at our analysis of the cheapest crypto exchanges in Canada if you’re interested in learning more about which ones we would recommend.

How to Buy Immutable X (IMX) 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 Immutable X in the UK, the process remains the same:

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

Alternatively, if you want to learn more about the exchanges we prefer, read our list of the UK crypto exchange reviews.

Considering buying Immutable X? IMX Rundown

ImmutableX is the first layer two scaling solution for NFTs . Immutable X claims that its blockchain eliminates Ethereum's limitations such as low scalability and poor user experience. Users can trade instantly and scale quickly, while also enjoying zero fees for minting or trading NFTs. This does not compromise asset security and user privacy. Immutable X uses STARK zk–rollups technology, which Vitalik Buterin considers Ethereum "all-in" on.

This technology will allow users to create and distribute large-scale assets such as ERC-20 or ERC-721 tokens. Chris Clay, game director of Gods Unchained (a project that builds on Immutable X), stated that Immutable X allows Gods Unchained the ability to create a new meta-system previously unimaginable. Immutable X aims at creating a world-class user experience and a great developer experience.

Immutable X is one of the top layer-two solutions to use zk-rollups, and focuses exclusively on NFTs. The project is at the forefront of Ethereum ecosystem development, with zk-rollups becoming more important as a scaling solution. Immutable X is likely to be the default NFT blockchain in the future, if it can achieve its transaction speed of over 9,000 tps.

The API abstraction layer is a crucial component of fulfilling this promise. Every NFT-related interaction, such as trading, minting, and transferring, can be done via REST APIs. This is a key component of attracting new players like established content and gaming companies.

Users will also not need to switch networks in order to connect their wallets. A layer called "Link" is also included in the protocol. This allows ImmutableX to provide a NFT-specific wallet experience, and allows ImmutableX to support third-party marketplace ecosystems without security risks.

NFT marketplaces built on Immutable X can be created without the need for a backend thanks to its global order book that facilitates protocol liquidity. Third-party marketplaces can also co-exist with the protocol’s native marketplace. This solution will also lower barriers to entry for smaller content creators and developers.

Related:

• How to Buy Illuvium (ILV)
• How to Buy Injective Protocol (INJ)