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How & Where to Buy ICON A Step-by-Step Guide to Buying ICX

Congratulations! You can buy ICON directly with cash at CoinSwitch.

  1. Sign up at our one of our top-ranked ICON exchanges.
  2. Fund your new account with cash or crypto.
  3. Buy ICONICX

Read on for detailed instructions below on where and how to buy ICON and you will be a ICONICX owner in no time at all.

  1. STEP 1Register at a ICX Exchange

    Best ICON (ICX) Exchanges

    • coinswitch reviews
      Ease of use
      Time to 1st Buy
      24h Volume
      $
      Coins
      361

      This mobile aggregator platform collects data from all major exchanges, making it possible to swap a large number of cryptocurrencies at highly competitive rates. Mobile app-only CoinSwitch Kuber is the most popular cryptocurrency exchange service in India, with over 4 million users. Hassle-free arbitrage and trading process.

    After choosing one of the exchanges listed above, you will need to create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase ICON ICONICX quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy ICX with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for ICX.

Frequently Asked Questions About Buying & Selling ICON (ICX)

How do I Buy ICX with Crypto?

If you want to buy ICX with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for CoinSwitch and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to CoinSwitch.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell ICON (ICX)?

To sell ICX, simply reverse the buying process described above. You will likely need to trade your ICONICX into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

ICON Research Center

ICON Technical Details & Statistics

Tokenomics
  • Market Rank104
  • Market Cap513,220,694
  • Circulating Supply640,401,765
  • Total Supply800,460,000 ICX
Yesterday's Trading
  • 24 HR Volume24,983,797 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is Icon?

Icon is a unique blockchain design that was developed to act as a “network of networks.” It features “multi channel functionality,” meaning different types of information or data are transmitted simultaneously through the network. Icon offers improvements on bitcoin by providing faster transaction times, an increased network capacity, the use of highly-customized smart contracts and advanced API functionalities. Instead of using a miner reward incentive that normally acts as a blockchain security mechanism, Icon is secured by a classical model of consensus algorithms, employing a Delegated Proof of Stake (DPOS) system (known as the LFT algorithm) to maintain the blockchain.

History of Icon

Icon was developed in 2017 in South Korea, inspired by the idea of a “world with no center point and (a) world where any point is a mere connection to other points.” Money to finance the project and the Icon Foundation was raised through South Korea’s biggest ICO launch at the time, which raised approximately $44 million in 2 weeks. Trading for ICX opened in October 2017. Icon soon formed partnerships with businesses in several different industries and was ranked as a top 20 cryptocurrency by market cap a mere three months later.

How Icon Works

Icon uses a novel algorithm called LFT to secure new blocks, which is somewhat like Proof of Stake (PoS) models. There is a total of 400,000,000 ICX coins. The ICON Network blockchain, known as the Nexus, consists of 5 different “channels” or layers of data:

  • Decentralized Exchange
  • Public Channel
  • Notary Channel
  • Reserve Channel
  • Representation Channel

The bottom layer of the network incorporates data from the other channels and is known as the loopchain. The Representation Channel allows for votership that determines the governance of Icon. The Reserve Channel creates new ICX in return for bonds issued by participating nodes. The Notary Channel connects transactions from other blockchains linked to the Nexus. The Public Channel facilitates transactions using ICX and interactions with dApps. The Decentralized Exchange allows the trading of ICX for other cryptocurrencies through rates developed by the network.

Icon applies individual governance systems to 4 distinct types of nodes, which are all interconnected through the ICON Republic. Each node type has different roles, capacities, and access levels. At the base level, Community Nodes are governed by rules specific to their community. These rules are voted upon by Community Nodes, and the results of the vote are enacted by a C-Node, which acts as a master node for the community. C-Rep Nodes are voted upon by the community and elected to communicate information about the community to the ICON Republic. Along with C-Rep Nodes, Citizen Nodes comprise the ICON Republic. Anyone can run a Citizen Node and dApps related to the main blockchain, but this does not necessarily mean they have the right to vote on governance of the ICON Republic.

Why Icon?

  • Connects businesses and transactions on a transparent, decentralized network
  • Reduces business costs through the lack of 3rd party intermediary use
  • AI software architecture allows for self-governance, network voting system
  • All inclusive, open-source design allows for integration with pre-existing blockchains
  • Built for large scale use to keep it competitive with pre-existing alternatives