Immutable X is an Ethereum-based project for minting and trading non-fungible tokens (NFTs) without the need to pay gas fees. On this page, we will delve into how to buy the Immutable X token, IMX, and what you should know about the project.
The easiest way to buy Immutable X is to purchase it online from a crypto exchange. Exchanges make it easy to buy and sell Immutable X and other cryptocurrencies directly from your smartphone, tablet or computer. Check out our recommended platforms below and follow the steps to safely buy Immutable X.
IMX can be bought from a broker or exchange that offers it, so start by deciding which platform you would like to use. It is a good idea to look at what features a platform provides and what fees it charges before using it. We’ve already researched a number of platforms and you can sign up with our top recommendations below.
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Sign up with the platform you have chosen by entering your name and contact information on the registration form. A photo ID may also be required for verification if the platform has a KYC process. Once that is out of the way, you can see which payment options are supported in your country on the deposit page and choose one.
As soon as you have funded your account, you are ready to buy IMX. You can buy it immediately if IMX is in a trading pair with your local currency. Otherwise, you will need to purchase a currency you can sell for IMX, like BTC or USDT. Use a market order to buy at the current price or a limit order to buy at a chosen price in the future.
Although there are lots of crypto platforms available, not all of them support IMX or are safe to use. It is best to select an exchange or broker with strong security and a good reputation. To save you looking through all the possible options, we’ve already shortlisted the best platforms that offer IMX below.
It is important to make sure that you’re well informed before investing in IMX—or any asset, for that matter. Here are a few things to consider before purchasing IMX.
Token utility. IMX is needed to pay part of the protocol fee on all Immutable X transactions. It can also be used to vote in protocol governance and staked to earn rewards. All these things create demand for the token, which could make it a valuable asset.
Advanced technology. Immutable X leverages the latest blockchain technology to provide a scaling solution for NFTs on Ethereum. The protocol can achieve a much higher transaction throughput than Ethereum and lets users mint and trade NFTs quickly and securely—without any gas fees.
Strong support. Immutable X’s founders are Forbes 30 Under 30 entrepreneurs and its CEO built the popular blockchain game Gods Unchained. The project is backed by industry giants such as Coinbase, FTX, and Animoca Brands, while the partners integrating Immutable X’s technology include OpenSea and Illuvium.