If you are well aware of Cryptocurrencies, you must have heard about the IDEX Coin which is currently flying with good predictions around it. You might as well ask yourself these questions;
- What is IDEX Coin? ( IDEX Coin Review)
- Where did it come from?
- What is behind it?
- Where can I buy the IDEX Coin?
If you are thinking of such questions, then this content – IDEX Coin Review is for you. As you will learn what the coin is all about, where you can buy it, and the predictions around it.
IDEX Coin Review: What is IDEX?
IDEX Coin is the governance token for IDEX which is a Decentralized Exchange (DEX) running on both the Ethereum (ETH) and Binance Smart Chain (BSC) for now, with Polkadot and others to follow soon. The IDEX exchange is located in Panama. IDEX is an order book DEX which was established in the year 2017.
The most active trading pair on the Idex exchange is IDEX/ETH. Users can also stake their IDEX tokens to earn up to 50% of trading fees on the exchange just like some other exchange tokens, unfortunately, this can only be done on the IDEX exchange for now. There are currently 11 coins and 11 trading pairs on the exchange. IDEX website is https://idex.market
With IDEX’s Layer-2 Rollout Plan coming up, IDEX plan to make use of Merkle roots to batch settle transactions, eliminating gas and congestion issues.
And for Developers, IDEX’s standardized APIs make it easier than ever to integrate IDEX into existing trading software. All required is to sign up for the development sandbox API key to get started.
That moves us to the next disturbing question because it might be looking like it will be hard to get IDEX Coin into our portfolio. But you don’t need to panic!
Where Can I buy IDEX Tokens?
There is a lot of Cryptocurrency platforms or exchanges you might have heard of or currently using. Well, you might be disappointed that you couldn’t the IDEX Coin on your favorite exchange. Yes, that can be very frustrating, but you don’t need to ignore the IDEX Coin simply because it’s not on your favorite platform.
So where can you get IDEX Coin?
Before now, you could only find IDEX Coin on its own platform, but thanks to the adoption of it by other exchanges.
Now, you can buy IDEX Tokens on Binance, MEXC, Hotbit, Uniswap (v2), Balancer (v1), and on the IDEX exchange itself.
How Can I Buy IDEX?
Buying IDEX Coin wasn’t as easy as it is now. When the coin was just on the IDEX exchange, you’ll need to go on the platform, connect your wallet, link to your Metamask, etc.
But with the listing of IDEX Coins on other exchanges, it was easier to get the coin. And We will be using the Binance Exchange in our Example here. So kindly follow the steps below.
Step 1
Login to your Binance Account and be sure your Binance account is verified. You don’t need to worry about that, the verification process is quite easy to accomplish.
Step 2
After opening up your verified Binance app, you will need to navigate to the Markets section
Search IDEX in the ‘Search Coin Pairs‘ column, you’ll see two (3) pairs for IDEX, IDEX/USDT, IDEX/BUSD, and IDEX/BTC. As shown in the screenshot below. The IDEX/USDT pair was been added while this content was in progress. That shows how demanding this IDEX Coin is.
Now, depending on the pair which you have your funds on, either on USDT, BUSD or BTC, you can select it.
Step 3
Let’s assume you selected the IDEX/BUSD pair, you’ll see the page that has the graph with the BUY and SELL button below. Click on the ‘BUY’.
Step 4
After clicking on ‘BUY’, another page will open up where you need to input your entry-level and the amount you wish to use for the purchase as attached below.
On this page, you can select to use the LIMIT or MARKET entry positions. This is not the only option you’ll see on that page, You’ll see LIMIT, MARKET, STOP LIMIT, and OCO. But our interest is in LIMIT and MARKET.
The ‘Limit‘ is to set when you want your order to be fulfilled, that’s if you don’t wish to buy at the current market price.
The ‘Market‘ is to buy at the current market price of IDEX, whatever the price is.
You also have the option to select the amount of BUSD you wish to use for the purchase, you choose between 25%, 50%, 75%, or 100%. You can also type in the amount directly.
When all that is done, you click on the “Buy IDEX” button.
The purchased IDEX Coins will be available on your ‘Wallets‘ section of your Binance Account.
You can hold on to the IDEX Coin for the long term (PS: This is not financial advice). The decision is yours to make!
Is IDEX on Coinbase?
Coinbase is one of the secure platforms that makes it easy to buy, sell, and store cryptocurrency like Bitcoin, Ethereum, and more.
And as of the time this content was published, IDEX is not yet listed on Coinbase.
IDEX Price Prediction
IDEX Current Market Cap is $372,362,094. And the Market Cap Rank is #184.
All-Time Low of $0.00563813 on Mar 23, 2020
With an All-Time High of $0.937763 (Updated on Sep 08, 2021)
IDEX Coin Price is being predicted to get to $10 before the end of December 2021.
After following this content, – IDEX Coin Review: you can agree that you have learned what IDEX coin is all about, where you can buy it, the prediction, and also the statistics that accompany the token. IDEX Coin is one of the promising tokens you should have in your wallets and wait for it to pump, as it is currently flying in price.
To the moon IDEX!