How to buy on idex: Where & How To Buy IDEX Simple 2023 IDEX Buying Guide

How to buy on idex

You can easily exchange any portion of your IDEX balance for another cryptocurrency of your choice. Or, if you prefer, HODL (a typo turned acronym meaning Hold On For Dear Life). IDEX (IDEX) is a powerful speculative investment tool, so many customers buy and hold in the hopes of gaining massive profits.

You can buy IDEX on several cryptocurrency exchanges, including Binance, CoinEx, Kraken, and MEXC. Once the wallet is installed it’s easy to create a IDEX wallet- simply press ‘manage wallets’, click the ‘+’ icon and search for IDEX and click ‘Add’. You will then be given the option to either take a photo of the identification and your face using your webcam or upload files of the same. If you’re on a mobile phone, you can click the supplied link to continue verification on your phone. You will be asked to increase your account security by enabling 2FA (two factor authentication). Click the Google authentication option and follow the instructions to set it up.

In addition, you should be mindful of your investment approach, crypto storage, and other aspects of buying and trading IDEX. You may be told that your account is under review to assess if you are eligible to purchase cryptocurrencies using a credit card or debit card. As a rule of thumb, most crypto exchanges support both crypto-to-crypto (e.g., IDEX/BTC) and crypto-to-fiat (e.g., IDEX/USD) trading pairs. Novice investors are recommended to use a simple but proven dollar-cost averaging (DCA) investment strategy, which alleviates the stress of when to buy IDEX and how much to spend.

Make sure you have connected your wallet to IDEX and deposited funds to your IDEX account. In order to comply with regulation (and offer enhanced account security), you are required to submit a national ID or passport in order to authenticate your identity.

IDEX — The First Layer3 Derivatives Exchange

Contrary to market orders, limit orders don’t suffer from a difference in execution price. However, they may not be executed if the specified price is not reached, even if the price moves in the investor’s favor. Additionally, limit orders may take longer to execute than market orders, as the order will only be executed at the specified price or better.

  • You will need a brokerage account in order to access the NASDAQ market and buy IDEX shares.
  • Ledger is one of the most secure cryoto hardware wallets for storing cryptocurrencies.
  • This also allows users to book their orders and update account balances in real-time.
  • The password and the private key of your wallet must be saved properly, or else you’ll be unable to recover your tokens.

This process is much like a regular bank account and opening one is usually fully digital. At some brokers the process is as quick as opening a new Gmail account, at others, it could take a couple of days while they do some background check on you. The best broker to buy Ideanomics shares is DEGIRO based on our research.

The service is free to use and you can create as many wallets as you want. Hardware wallets are like secure USB sticks with one job- to be a firewall between your IDEX and the outside world. Once your VPN is set up, follow this guide to buy IDEX on Binance. Unfortunately Binance has barred US citizens from using their international exchange. Instead Binance has built a US based exchange- but it does not allow the purchase of IDEX. In the box marked ‘amount’ fill in how many IDEX you’d like to buy.

How to buy, sell and store the cryptocurrency IDEX (IDEX)

Whether you’re an experienced trader or this is your first purchase, Kriptomat makes the buying process simple with a choice of payment methods. Commission is a fee, based on the traded volume or a flat fee per trade. You have to count with different kind of fees when you are trading with Ideanomics shares. Apart from IDEX’s own wallet, you can also choose between Ledger Nano S wallet or MetaMask. There is no additional charge for using the MetaMask wallet, and it can be accessed as a Google or Firefox plugin.

How to buy on idex

Kriptomat is designed to provide the most comprehensive yet easy-to-use trading experience on the planet. We accomplish this by actively listening to our customers — and working to deliver exactly what they want. After purchasing IDEX, your coins will be sent directly to your ultra-secure Kriptomat IDEX Wallet. Kriptomat automatically generates a unique, secure wallet for each user on the platform – free of charge.

Step 3

You will receive a popup informing you of the order you just placed. We work diligently to provide the lowest fees possible, and your entire transaction is completely transparent — meaning no surprise charges. Receive payments or deposit your own IDEX to securely store and trade it with Kriptomat.

The process of buying IDEX is very similar between various crypto exchanges, so you can follow the steps outlined below whether you’re using Binance or virtually any other crypto exchange. Buying cryptocurrencies can seem daunting at first, especially for those who are new to the world of digital assets. To do this they encrypt the private keys to your cryptocurrency wallets so no-one- not even you- can know them. That way only someone with physical access to your hardware wallet- and who also knows its password- has a chance to access and move your coins. When recommending a broker, we take into account different factors, like the broker’s fees, trading platform, accessible markets, and how easy opening an account is.

The process of transferring crypto between Binance and Kucoin, or any other combination of exchanges is very straightforward. Ledger is one of the most secure cryoto hardware wallets for storing cryptocurrencies. The hardware wallet manufacturer Ledger is the brand we recommend as for years their products have had a solid reputation for security and ease of use. Ledger wallets support the storage and sending of IDEX as well as many other cryptocurrencies- you can see a full list here. Once the review process has passed you will be asked to add your credit card or debit card details to Binance. Now that your account is secure and identity verified, on the top menu click ‘buy crypto’ and ‘credit/debit card’.

In addition, the price of IDEX is currently below the 50-day SMA, which is a bearish indicator. Meanwhile, the Fear & Greed Index, a popular measure of market sentiment, is 48 (Neutral). All in all, 15 technical analysis indicators signal bullish activity, and 18 signal bearish activity.

Now that you have mastered the 5 steps of buying shares, take a moment to look at the top 3 brokers we are recommending to you. IDEX exchange will be the perfect choice for you if you want a polished user interface and off-chain trading of centralized exchanges without having to jeopardize the security. It is a combination of the efficiency and speed of a centralized trading ecosystem and the strong security of a decentralized one. Thus, it is necessary to own a certain number of Ether coins that reflect in your wallet before you start trading on the exchange.

It may be easier to use the percentage buttons below the input box- for example, press 50% if you’d like to exchange 50% of your Bitcoin for IDEX. A limit order lets you manually set the price at which you want to buy IDEX (IDEX). This review process usually takes under two minutes but may take up to two hours. Once your account is secured, return to the dashboard and click ‘security’.

One of the most important rules each investor should follow is to never invest beyond their means. In other words, never invest more than you can afford to lose. This is doubly true in crypto, as the market can be very volatile and it is not uncommon for digital assets to go on massive price swings. You can set your wallet up without giving any personal details so you can stay anonymous, and the wallet private key is stored locally on your phone so you are guaranteed privacy.

The bottom line is that what constitutes the best exchange hinges on your particular set of needs. With that in mind, let’s look at some of the best crypto exchanges in the market. Binance offers margin trading, crypto futures, NFT features, a competitive fee structure, loan and staking platforms, and more. It also offers competitive fees (with 0.1% for both makers and takers) and a debit crypto card with up to 8% cashback. Binance lists 4 pairs for IDEX, with USDT, BUSD and BNB being the most traded ones by volume. After funding your exchange account via one of the three options listed in the previous step, go to the trading page and search for the cryptocurrency you want to buy.