How to Buy ICON (ICX) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has ICON, and is trustworthy!

You can find our top 3 exchanges for buying ICON here, alternatively you can also check our comparison of the best crypto exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy ICON

And of course, the final step is to find ICON on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy ICON (ICX)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell ICON

  1. Sign into the exchange
  2. Find where you stored your ICON, either on a hardware wallet or on the exchange.
  3. Transfer your ICON to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell ICON.
Businessman looking at crypto trend

Considerations when looking to buy ICON.

ICON Network is a layer one blockchain that aims to build a multichain bridging system that is scalable and chain-agnostic. ICON connects all blockchains via BTP to its partner blockchains.

Blockchain Transmission Protocol (BTP), ICON's main product, is ICON’s interoperability solution. It supports cross-chain token Swaps and more generic messaging features such as corss-chain smart contracts calls.

There are many blockchains that are connected to the ICON ecosystem, including Binance Smart Chain and Near, Harmony. Moonriver, Polkadot. ICE/SNOW, Ethereum.

ICON is a vibrant ecosystem of dApps that includes deFi protocols (Balanced and Omm), NFT platforms, (Craft), games and many more.

ICON offers interoperability solutions that are not limited by existing connections or the base technology of blockchain.

ICON is a hub that connects all blockchains integrated with the ICON ecosystem. It can be built using ICON’s Goloop or Cosmos SDK.

ICON's mission, to create a multichain future, is to integrate with existing networks while also creating new connections through its interoperability solution BTP.

ICON is a delegated Proof-of-Stake (DPoS), network. This means that a majority stakeholder delegate their share of network - in this instance, ICX – to registered validators who produce blocks and take part in governance. ICON's DPoS consensus allows non-technical stakeholder to benefit from staking, without the need to create a node or join a staking group.

ICX holders have the ability to stake and delegate ICX on ICON to P-Reps – entities that have registered to govern the ICON blockchain. This DPoS implementation allows for the best of both worlds - stakers will earn passive rewards while technical people who are interested in governing ICON and setting up infrastructure can do so.

Public Representatives (Pet-Reps) are responsible for the governance of the ICON blockchain. A team or individual must register on-chain to become a PRep. This includes paying a 2,000 ICX fee. A P-Rep can begin receiving delegation in the form staked ICX after registering.