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- 1. How & where to buy Internet Computer (ICP) online
- 2. How to buy Internet Computer instantly in 3 simple steps
- 3. Where to buy ICP easily
- 4. Best exchanges to buy Internet Computer (ICP), reviewed
- 5. How to trade ICP
- 6. What is the best way to pay for Internet Computer (ICP)?
- 7. How do I store Internet Computer (ICP)?
- 8. Is Internet Computer (ICP) a good investment?
- 9. Is now a good time to buy Internet Computer?
- 10. FAQs
How & where to buy Internet Computer (ICP) online
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Internet Computer tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Internet Computer this way. Follow our quick step guide below.
How to buy Internet Computer instantly in 3 simple steps
Copy link to sectionTo buy Internet Computer you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to OKX
Copy link to sectionOKX is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.
Step 2. Make a deposit
Copy link to sectionAdd funds via a card payment, bank transfer or an alternative payment method. You can start with as little as £10.
Step 3. Buy Internet Computer token
Copy link to sectionType ICP into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.
Now you own Internet Computer tokens! It’s as simple as that.
Where to buy ICP easily
Copy link to sectionThe overall best exchange to buy Internet Computer token for beginners is OKX . Internet Computer is also available on lots of other cryptocurrency exchanges.
Here are the top three places to buy Internet Computer, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
Read more about how we rate, rank and review platforms.
Best exchanges to buy Internet Computer (ICP), reviewed
Copy link to section1. OKX. Best for futures and margin trading
...
No. assets
$50
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.
From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.
The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.
2. KuCoin. Best social trading altcoin exchange
1
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.
KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.
The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.
How to trade ICP
Copy link to sectionYou can trade Internet Computer on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how ICP crypto trading works:
- Monitor the price: Let’s say the price of ICP/USDT is $1. You read the price charts and decide that now is a good time to start purchasing ICP.
- Open a trade: You trade one USDT for one ICP ($1 for 1 ICP).
- Continue to monitor the price: The next day, one ICP token is now worth $2, a 100% increase.
- Close your trade: You trade your ICP token back to USDT for $2.
In this example, you buy and sell Internet Computer, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
What is the best way to pay for Internet Computer (ICP)?
Copy link to sectionThe simplest way to buy Internet Computer cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for ICP.
- Buy Internet Computer with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Internet Computer with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
- Buy Internet Computer with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Internet Computer (ICP)?
Copy link to sectionMost people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Internet Computer then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Internet Computer wallets to use are MetaMask and the Ledger Nano S.
Is Internet Computer (ICP) a good investment?
Copy link to sectionWhether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Internet Computer and its token to help you decide whether to invest in ICP.
- Internet Computer aims to decentralise the internet. The project aims to solve the problem of the internet being dominated by a small number of large technology companies. By decentralising the internet, it aims to create a more open and level playing field for all users and creators, giving them more control over their own data and how it is used and reducing the censorship and restriction on freedom of expression online.
- ICP gives users more control over their data. One of the key features of the project is that it removes the potential for a single central authority to act as a gatekeeper. This means that users will have more control over their own data and how it is used and that there will be less censorship and more freedom of expression online.
- It has big plans for its future application. The project also aims to make it easier for people to create new software and content online. By removing barriers to entry, ICP hopes to use innovation and creativity to make the internet a more open and accessible place for all, allowing more voices to be heard and more ideas to be shared.
- ICP’s price increased rapidly when it was released. The project’s ambitious goals helped to inspire an immediate surge in price as soon as it was released. This is a testament to both its potential and the backing it has received from investors and supporters.
- It may take ICP a long time to achieve its ambitions. It is likely to be a lot harder to achieve its goals than it may seem at first glance. The project is still relatively new and unproven, and it may take some time for it to be adopted and integrated into the existing internet infrastructure.
- Investing in ICP is riskier compared to other crypto projects. Investors and users should know that they are paying a premium for potential rather than proven results. This means that they should be prepared to take a bit more risk and pay close attention to the latest news and developments regarding the project.
Use this quick summary of pros and cons to compare Internet Computer with other, similar projects.
Pros
Copy link to section- It’s a well-backed project with disruptive potential
- You can make more money by earning interest on your coins
- Almost instantly became one of the leading cryptocurrencies as soon as it was launched
Cons
Copy link to sectionUltimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.
How has Internet Computer (ICP) performed this year?
Copy link to sectionThe current Internet Computer price today is $5.28, which is [%] above/below its all time high of $630, which it reached on 10 May, 2021. ICP is up 34.79% this year, with a 52 week high of $31.54 and a 52 week low of $3.39.
Is now a good time to buy Internet Computer?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, buying Internet Computer, selling Internet Computer, and trading ICP are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Internet Computer.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Internet Computer and its decentralised aggregator platform, then a good time to purchase Internet Computer is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Internet Computer and selling it the next day probably isn’t why you’re here either.
Regardless, closely following ICP price news & analysis will help you decide when to pull the trigger:
FAQs
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