How to Buy Immutable X (IMX) in Australia

1. Choose a crypto exchange

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

You can find our top 3 exchanges for buying Immutable X here, alternatively you can also check our comparison of the best Australian crypto exchanges 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 Immutable X

And of course, the final step is to find Immutable X 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 Immutable X (IMX)

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 Immutable X

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

Considerations when looking to buy Immutable X.

ImmutableX is the first layer-two scaling solution to NFTs on Ethereum. Immutable X claims that its blockchain eliminates Ethereum's limitations such as low scalability and poor user experience, illiquidity and slow developer experiences. Users can trade instantly and scale quickly, while also enjoying zero gas fees to mint and trade NFTs. This does not compromise asset or user security. Immutable X uses STARK zk rollups to achieve this. Vitalik Buterin believes that Ethereum is "all-in" on this technology.

This technology will allow users to distribute and create assets such as ERC-20 tokens and ERC-721 tokens at a large scale. Chris Clay, game director of Gods Unchained (a project that builds on Immutable X), stated that Immutable X allows Gods Unchained the ability to create and distribute assets like ERC-20 tokens on a large scale. Immutable X aims at creating a world-class user experience and a great developer experience.

Immutable X is one of the top layer-two solutions to use zk-rollups, and focuses exclusively on NFTs. The project is at the forefront of Ethereum ecosystem development, with zk-rollups becoming more important as a scaling solution. Immutable X is likely to be the default NFT blockchain in the future, if it can achieve its transaction speed of over 9,000 tps.

The API abstraction layer is a crucial component of fulfilling this promise. Every NFT-related interaction, such as trading, minting, and transferring, can be done via REST APIs. This is a key component of attracting new players like established content and gaming companies.

Users will also not need to switch networks in order to connect their wallets. A layer called "Link" is also included in the protocol. This allows ImmutableX to provide a NFT-specific wallet experience, and allows ImmutableX to support third-party marketplace ecosystems without security risks.

NFT marketplaces built on Immutable X can be created without the need for a backend thanks to its global order book that facilitates protocol liquidity. Third-party marketplaces can also co-exist with the protocol’s native marketplace. This solution will also lower barriers to entry for smaller content creators and developers.