ICON is a blockchain-based decentralized network that facilitates the creation of virtual communities. The ICX token powers these communities and allows for secure, instant transactions between them.
The icon coin price prediction is a question that has been asked before. I will answer this question with the help of Coinbase and Binance.
So you appreciate the concept of ICON (ICX) hyperconnecting the globe and believe it will accelerate business blockchain adoption. You’re probably going to ask two basic questions: Where can I get ICX and how can I get it? In this post, we’ll teach you how to purchase ICX and show you how to keep it.
Is it too late to purchase ICON?
On October 27th, 2017, ICX debuted on cryptocurrency exchanges at a price of 44 cents per token. Since then, ICON has been on a tear, reaching all-time highs of $12.50 on January 9, 2018. At the time of writing, ICX is available for $4.23 per token.
We enjoy receiving 66 percent all-time high discounts on potential crypto ventures at TotalCrypto. You may avoid purchasing at the top of the market by making sure you never purchase at an all-time high. Another advantage of purchasing at a cheaper price is that you have a greater chance of making a larger profit. According to the arithmetic, a 50% drop requires a 100% return to reach the breakeven threshold. This is why TotalCrypto is constantly on the lookout for big all-time high discounts on cryptocurrencies.
It’s important to note that ICON’s initial coin offering (ICO) took place on September 20, 2017, and it’s been publicly traded for less than a year. To be really useful, the ICON ecosystem requires the addition of many more companies. This, according to the TotalCrypto Team, will take some time. This implies there’s still plenty of time to buy ICX and profit from big partnership announcements. There are many items in the ICX roadmap that may have a beneficial effect on the price.
Given how short time ICON has been publicly traded, this initiative is still in its infancy. With any investment, the most essential thing is to get in at a fair price.
What is the maximum height that ICON could reach?
Nobody knows how far a cryptocurrency may rise or if a rival will triumph instead. What we do know is that ICON has the ability to help almost every company on the planet and to serve as the custodian of everyone’s digital identity. Artificial intelligence is undeniably a “hot” technology, and many companies are exploring how they might profit from it. The fact that ICON supports AI is simply one more element that may entice companies to join the ecosystem.
It’s difficult to put a price on ICX right now, and it’s safe to assume that the present price is based on conjecture. Big companies’ interest in blockchain technology is often reported in the media, and ICON may be the answer that allows greater corporate adoption. If it works, a cryptocurrency that links the whole globe would demand a very high value. If the ICX team succeeds, only time will tell.
Our Top 2 Ways To Buy ICON (ICX) Have Been Revealed
TotalCrypto will provide our top two methods for purchasing ICX. It’s up to you to determine whether or not they’re the best choices for you.
- What is the best way to purchase ICX with normal currency? (for example; USD, EUR or GBP). Unfortunately, there is no option to purchase ICON with a single account. As a result, you’ll need to open a Coinbase account as well as a bitcoin trading account.
- The second method is ideal for individuals who already have Bitcoin or Ethereum and wish to exchange it for ICX. We’ll teach you how to purchase ICX on the finest cryptocurrency exchange.
Purchasing ICX with US Dollars, Euros, or British Pounds
This is the technique to use if you’re making your first bitcoin investment. Prepare to open a Coinbase and a bitcoin exchange account. Does it seem to be difficult? Don’t worry, our step-by-step guide will teach you just how to accomplish it.
Investing in Crypto
All of the Coinbase information may be skipped by more experienced bitcoin investors. We understand that you’ve come to discover the best cryptocurrency exchange to purchase ICON.
How to Open a Coinbase Account
The Basics of Coinbase
- Coinbase, the world’s most popular cryptocurrency exchange, was established in 2012 and has a long track record.
- Serious Backers: IVP, the venture capital company that participated in the most recent financing round, was an early investor in companies like Netflix and Twitter. Companies like the New York Stock Exchange are among the other investors.
- Simple to Use: Coinbase is known for its user-friendly UI. This makes it the ideal cryptocurrency exchange for beginners.
- Small Minimum Deposit: On Coinbase, you may deposit as little as €6 in bitcoins.
- Coinbase is a regulated cryptocurrency exchange, making it one of the few.
- Insurance and segregation of money: Customer funds are insured and separated. Customers in the United States are even covered up to a balance of $250,000.
- For US consumers, deposit methods include credit/debit card, bank transfer, and PayPal.
- Cryptocurrencies that may be traded include Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
- Email and FAQs are two methods of customer support.
Interested in investing more than $100 in ICX via Coinbase? There’s good news! By joining up via Total Crypto, you will also get a $10 bonus!
Do you need assistance with account creation? Simply read our in-depth Coinbase tutorial!
Your Coinbase account is ready to use. So, what’s next?
Excellent advice on how to set up a Coinbase account. The bad news is that you won’t be able to purchase ICON directly from Coinbase; instead, you’ll have to go via a cryptocurrency exchange. To do so, you must first convert your funds to either Ethereum or Bitcoin on Coinbase. The plan is to swap this coin for ICX at a later date on a cryptocurrency exchange.
On Coinbase, the Quickest Way to Buy Bitcoin or Ethereum
If you want to purchase Ethereum and Bitcoin on Coinbase with the lowest costs possible, check out our Coinbase tutorial. It does, however, take a little longer since you must move your money to Coinbase’s sibling exchange GDAX and purchase your bitcoin there instead. We suggest that you use GDAX to save money on fees.
You’re ready to go on to the next stage after successfully purchasing Ethereum or Bitcoin on Coinbase.
- BTC, ETH, XRP, LTC, BCH, BAT, XLM, ZEC, DAI, ZRX are all available cryptos.
- Credit/debit card, bank transfer, and PayPal are all acceptable methods of payment.
- Currencies accepted: AUD, GBP, EUR, USD, CAD, SGD
- Email and FAQs are available for assistance.
- Fees are 4% of the total.
What Is The Best Way To Get An ICON (ICX) Wallet?
Despite the fact that ICON will eventually have its own blockchain, the ICX currency is presently based on Ethereum and is an ERC20 token. As a result, ICON may be kept in an Ethereum wallet. MyEtherWallet is a good option. It’s the most widely used Ethereum wallet in the world, and it’s also totally free.
You should now have your MyEtherWallet up and running. Let me briefly demonstrate how to locate ICX tokens in the wallet. To begin, go to MyEtherWallet’s ‘View Wallet Info’ section and log in. You’ll notice a button that says “Show All Tokens”; just press it.
To see your token balance, scroll down the list of tokens until you find ICX and click ‘load.’
What Is The Most Secure Way To Store ICX?
TotalCrypto recommends MyEtherWallet for storing ICX tokens. You should be aware, however, that a growing number of hackers are targeting bitcoin investors. Unfortunately, as the price of cryptocurrency rises, this tendency will only worsen. This implies that you should take security seriously and that you may be looking for the finest on the market.
Hardware wallets are the most secure wallets money can purchase. These gadgets hold your private keys and protect them from prying eyes. A hardware wallet can keep your private keys safe from keyloggers and other methods used by hackers. The benefit of a hardware wallet is that it protects your ICX even if your PC is infected with malware.
The ICON token is compatible with the two most trustworthy hardware wallets on the market since it is based on Ethereum. We at TotalCrypto utilize both a Trezor and a Ledger and are glad to endorse both.
Are you undecided about which hardware wallet is ideal for you? Simply read our comparison of the Ledger and the Trezor.
The cost is €94.80. (including European tax and free shipping)
Do you need assistance setting up your Ledger? Take a look at our step-by-step instructions.
The cost is €128.26. (including European tax and shipping)
Do you need assistance setting up your Trezor? Take a look at our step-by-step instructions.
Take a few minutes to read our tutorial if you need assistance connecting your Trezor or Ledger with Myetherwallet.
Register for a Binance account.
You should have some Bitcoin or Ethereum in your Coinbase account and MyEtherWallet installed right now. The next step is to open an account with a cryptocurrency exchange. You will swap your Bitcoin or Ethereum for ICX on the exchange.
Binance is the world’s most popular cryptocurrency exchange, and we appreciate how user-friendly it is. Binance has earned a reputation for providing outstanding customer service. The business made news lately after having all of its smart contracts audited. Binance was the first cryptocurrency exchange to do so. Binance has become the most reputable cryptocurrency exchange on the world as a result of actions like these.
Facts about Binance:
- The World’s Largest Crypto-to-Crypto Exchange: Binance is the world’s largest crypto-to-crypto exchange!
- Binance has a huge selection of cryptocurrencies. You can get your hands on over 100 different cryptocurrencies. One of them is ICX.
- User-Friendly: The crypto-to-crypto trade is the most straightforward we’ve ever encountered. We believe that this is one of the major reasons behind Binance’s rapid rise.
- Binance provides email assistance in many languages.
Get ICX on the biggest crypto-to-crypto exchange in the world.
Do you need assistance with creating a Binance account? Take a look at our Binance guide.
What Is The Best Way To Transfer From Coinbase To Binance?
Your Binance account should now be ready to trade. You must transfer your Bitcoin or Ethereum to Binance to trade for ICON coins, whether you have it on Coinbase or in another wallet. Simply follow the instructions below to do this:
- Go to your Binance account and log in.
- Click “Deposit” after selecting “Funds.”
- If you have Ethereum on Coinbase, be sure you choose it, or Bitcoin if you have BTC. If you transfer money to the incorrect wallet, you risk losing it!
- Then you’ll see your Binance deposit address. Simply copy and paste this URL. As an example, we’ve utilized Bitcoin.
- Go to Coinbase’s ‘Accounts’ page after logging in.
- Select the coin you want to send and press the send button.
- In the ‘Recipient’ wallet address box, paste your Binance deposit address and the amount you wish to withdraw.
- Continue to complete the transaction. In a few minutes, your Bitcoin and Ethereum should appear in your Binance account.
Do You Have Crypto in a Different Wallet?
- Simply transfer your cryptocurrency to your Binance account.
On Binance, how can I trade Ethereum or Bitcoin for ICX?
It’s finally time to purchase your ICON.
- If you have Bitcoin on Binance, go to the homepage and choose ‘BTC Markets’, or ‘ETH Markets’ if you have Ethereum. Then, in the search box, type ICX and choose the ICX/ETH or ICX/BTC market.
- After then, you’ll see a trade screen. Yes, it seems to be very difficult. Don’t worry, we’ll walk you through the process. Simply go to the ‘Market’ tab (this enables you to buy at the market price). Then specify how many ICX tokens you wish to purchase. You can also use the percentage buttons to purchase tokens with a certain proportion of your Binance balance.
- Your transaction will be completed after you click “Buy,” and your ICON will appear in your Binance account.
- BTC, ETH, XRP, LTC, and 120 more cryptos are available.
- Only crypto is accepted as a deposit method.
- Cryptocurrencies are the only ones that are accepted.
- Support: Submit a ticket through email.
- Fees are 0.10 percent of the total.
What Is The Best Way To Withdraw ICX From Binance?
Finally, your ICON should now be available on Binance. The last thing to think about is how you’re going to store it. TotalCrypto advises taking your ICX tokens and storing them in your MyEtherWallet. Binance is a huge target for hackers, which is why it may not be the safest location to keep your tokens. Furthermore, having ownership of your own cryptocurrency is generally preferable than relying on an exchange to keep your cryptocurrency secure.
Simply follow the instructions below to save your ICON outside of the exchange:
- Copy your public address from your MyEtherWallet account.
In MyEtherWallet, how can you locate your public address?
- Binance may be accessed by logging in.
- Go to ‘Funds’ and choose the ‘Withdrawals’ option.
- Choose ICX from the dropdown menu, then enter your Ethereum public wallet address and the amount of ICON you wish to withdraw into the box. Your tokens will be delivered to your wallet after you click submit.
???? Top Tip: If you want to obtain your ICX off Binance, you’ll have to pay a withdrawal fee. You may check the withdrawal cost here before you withdraw!
That concludes our top two methods for purchasing ICON. The TotalCrypto team is extremely enthusiastic about what the ICON project may accomplish in terms of corporate blockchain adoption. We appreciate that the ICON environment embraces AI, and we think that this technology will become more important in the future. If the ICX team is successful in hyperconnecting the globe, investors will be handsomely rewarded for their confidence in ICON.
The TotalCrypto Team has an investment in this coin.
DISCLAIMER: The activity of the cryptoassets discussed in this paper is uncontrolled. This post is not intended to provide financial advice. Always do independent research.
ICON is a cryptocurrency that has been in the market for a few months now. The icon coin reddit article will give you an introduction to what ICON is, and how you can buy it with Coinbase & Binance.
Frequently Asked Questions
Can you buy ICX on Coinbase?
You can not buy ICX on Coinbase.
How do I buy icons on Coinbase?
You can buy icons on Coinbase through the following methods:
How do I buy icons for ICX?
You can purchase icons from the ICX store.