What are the formal channels for purchasing ILV coins?

Through centralized exchanges, decentralized exchanges, NFT marketplaces, or cryptocurrency brokers, acquiring ILV coins enables participation in the Immutable X ecosystem, unlocking rewards, governance rights, and NFT marketplace access.

Nov 27, 2024 at 03:08 am

Formal Channels for Purchasing ILV Coins

Immutable X (IMX), the leading Layer 2 scaling solution for NFTs on Ethereum, has introduced its native token, ILV. ILV serves various purposes within the Immutable X ecosystem, including staking for rewards, governance rights, and powering the NFT marketplace. Acquiring ILV coins is essential for participating in these ecosystem activities.

1. Centralized Cryptocurrency Exchanges (CEXs)

• Binance: Binance is the world's largest cryptocurrency exchange and offers ILV trading pairs against USDT, BTC, and BUSD. It is a reputable and user-friendly platform with high liquidity, making it a popular destination for buying ILV.

  • To purchase ILV on Binance, create an account and verify your identity. Deposit funds into your account via bank transfer, credit/debit card, or cryptocurrency. Search for ILV in the trading interface and select the desired trading pair. Enter the amount of ILV you wish to buy and place a market or limit order.

• Huobi Global: Huobi Global is another well-known cryptocurrency exchange with a significant user base. It offers ILV trading pairs against USDT, BTC, and ETH. Huobi provides a user-friendly trading interface and supports various payment methods.

  • To buy ILV on Huobi Global, register for an account and complete the KYC process. Fund your account using fiat currency or cryptocurrency and navigate to the trading section. Search for ILV and choose the appropriate trading pair. Input the amount of ILV you want to purchase and place a buy order.

• Coinbase: Coinbase is a reputable cryptocurrency exchange known for its ease of use and security measures. It offers ILV trading pairs against USD, EUR, and GBP.

  • To purchase ILV on Coinbase, sign up and verify your account. Connect your bank account or debit/credit card to your Coinbase wallet. Search for ILV and select the desired trading pair. Enter the amount of ILV you want to buy and complete the transaction.

2. Decentralized Exchanges (DEXs)

• Uniswap: Uniswap is the largest decentralized exchange (DEX) in the Ethereum ecosystem. It allows users to trade cryptocurrencies directly with each other without intermediaries. Uniswap offers ILV trading pairs against ETH, USDC, and USDT.

  • To buy ILV on Uniswap, connect your Ethereum wallet (e.g., Metamask) to the Uniswap interface. Navigate to the trading section and search for ILV. Choose the desired trading pair and input the amount of ILV you want to purchase. Approve the transaction in your wallet and wait for it to be completed.

• SushiSwap: SushiSwap is another popular DEX known for its extensive token offerings. It offers ILV trading pairs against ETH, USDC, and USDT.

  • To buy ILV on SushiSwap, connect your Ethereum wallet to the SushiSwap interface. In the trading section, search for ILV and select the appropriate trading pair. Enter the amount of ILV you want to buy and approve the transaction in your wallet. Once confirmed, the ILV will be credited to your wallet.

3. NFT Marketplaces

• Immutable X Marketplace: The Immutable X Marketplace is a dedicated NFT marketplace built on the Immutable X Layer 2 solution. It offers a wide range of NFTs for sale, including gaming assets, artwork, and collectibles. ILV is the primary currency used on the marketplace for NFT purchases.

  • To buy ILV on the Immutable X Marketplace, create an account and set up a wallet compatible with Immutable X. Deposit funds into your wallet using ETH or another supported cryptocurrency. Browse the NFT listings and select the ones you want to purchase. Click on the "Buy" button and complete the transaction using ILV.

4. Cryptocurrency Brokers

• Uphold: Uphold is a cryptocurrency broker that offers a straightforward platform for buying and selling cryptocurrencies. It supports ILV trading against USD, EUR, and GBP.

  • To purchase ILV on Uphold, create an account and complete the identity verification process. Link your bank account or credit/debit card to your Uphold wallet. In the trading section, search for ILV and enter the amount you wish to purchase. Review the transaction details and click on "Confirm." Your ILV will be credited to your Uphold wallet.

• Kraken: Kraken is a well-established cryptocurrency exchange and broker that offers a secure and reliable platform for trading cryptocurrencies. It provides ILV trading pairs against USD and EUR.

  • To buy ILV on Kraken, register for an account and complete the KYC process. Fund your account via bank transfer, credit/debit card, or cryptocurrency. In the trading section, find the ILV/USD or ILV/EUR trading pair. Enter the amount of ILV