Immutable X is a leading layer 2 scaling solution. Though it has only been around for seven months, its popularity has skyrocketed thanks to its zero gas fees, fast transaction speeds, massive scalability, and focus on the fast-growing NFT niche.
Investor interest in IMX, trading volumes, token price, and the number of wallets holding IMX have also been on a consistent uptrend. These have played a crucial role in ensuring Immutable X lists with virtually all the popular crypto exchanges.
In this ‘where to buy Immutable X’ guide, we tell you how to buy IMX tokens with debit/credit cards in less than 10 minutes. We also discuss top exchanges to buy Immutable X and tell you everything you need to know before buying Immutable X in 2022.
Let's dig in.
Are you new to crypto trading or using the eToro crypto trading platform? We will be discussing the exchange and providing you with a comprehensive guide on how to buy Immutable X hereinbelow.
Where To Buy Immutable X (IMX)
Even though Immutable X has only been around for less than 7 months, it's already listed with all the leading crypto exchanges.
While the move is commendable, it presents crypto traders with a new challenge. It breeds indecision and most investors/traders have a hard time choosing the best place to buy Immutable X.
We seek to clear this confusion and get you started with crypto investing by introducing you to what we consider the three top exchanges to buy Immutable X in 2022.
1. eToro - Overall Best Place to Buy Immutable X (IMX) in 2022
eToro started as a forex brokerage in 2007. It integrated crypto trading in 2013 and has over the last decade morphed into one of the most popular crypto trading platforms. It tops our list of best places to buy Immutable X today because of its user-friendliness, competitive trading fees, and innovative trading platform.
eToro’s user-friendliness starts with its easy and straightforward account registration process. It then extends to the affordable deposit and trading minimums of $10. It then crosses over to the support for a diverse range of payment options. Today, for instance, you can deposit into eToro with credit cards, debit cards, bank wire, ACH, and such eWallets as PayPal, Skrill, and Neteller.
The broker-turned-exchange also maintains one of the most innovative and intuitive Immutable X trading platforms. It is easily navigable and the buy process is easy and straightforward - appealing to beginner traders. eToro also maintains some of the fastest order execution speeds. And it complements these with adequate liquidity and a host of premium trading, market research, and risk management tools - all aimed at drawing in expert traders.
Unlike most other crypto exchanges, eToro brings together novice and expert traders, allowing them to interact and benefit from each other. This is achieved via the game-changing social and copy-trading platform.
The social trading tool lets experts interact with each other and beginners learn and receive mentorship from pro traders. Copy-trading, on the other hand, lets both parties earn passively. Beginners earn by copying trade strategies of the most successful pro traders while the expert trader receives a 20% of profits made by their copiers as commission.
eToro also ranks among the top exchanges to buy Immutable X today because of its competitive fees. When buying Immutable X on the platform, you will only pay a fixed commission of 1% of the trade volume.
Other factors that make eToro one of the best places to buy Immutable X include its commitment to the safety of client digital assets. It has put in place multiple measures around its network to deter hacks and related breaches. Plus, it also provides users with ultra-secure digital wallets.
First is the exchange-based custodial wallet that holds 90% of client assets in offline vaults. Secondly, they provide users with a free non-custodial eToro mobile wallet app that encrypts the private keys for your IMX tokens and stores them in a local folder on your phone.
2. Crypto.com - Best Place to Buy Immutable X for High Maximum Deposits
We feature Cryto.com on our list of top exchanges to buy Immutable X because of its support for high maximum deposits. Here, you can deposit as much as $50,000 daily. Furthermore, the amounts reflect instantaneously and the exchange doesn’t maintain a deposit-processing fee. Not forgetting that Crypto.com supports a wide range of payment options, including PayPal, bank transfers, credit cards, and debit cards.
But this isn’t the only reason why Crypto.com makes it to our list of best places to buy Immutable X for most trades. Others include its user-friendly and innovative trading platform. Like all other popular crypto exchanges, Crypto.com has oversimplified the account creation process on its platform. It has also simplified the process of buying IMX tokens and other cryptos.
Crypto.com also features one of the most innovative trading platforms. And it maintains some of the fastest transaction processing speeds -averaging 0.3 milliseconds. The exchange also lists hundreds of cryptocurrencies, presenting traders with a decent number of Immutable X trading pairs. Plus, it supports deposits in multiple international fiat currencies and you can use these to buy Immutable X instantly via the currency converter tool.
The exchange is also deeply liquid and regularly features among the most liquid exchanges globally. This implies that even your largest Immutable X buy or sell order will fill fast and with minimal to zero slippage. All these make Crypto.com both beginner-friendly and a great exchange for active traders, especially day traders and scalpers.
You too may consider adding Crypto.com to your list of top exchanges to buy Immutable X because of its competitive and highly discounted trading fees. IMX token traders on the platform will only pay a maker/taker fee of between 0.4% and 0.1% - based on their 30-day trading volumes on the platform. And if you had staked a minimum of 5000 CRO (Cronos) tokens on the platform, you get to enjoy a 10% discount on the fees.
Another reason why you should add Crypto.com to your list of best places to buy Immutable X is that it lets you earn passively. You achieve this through the Crypto.com staking and Crypto.com lending programs. When staking Immutable X tokens on the platform, you earn interests of up to 14.5% P.A. The lending platform then lets you borrow up to 50% of your staked crypto and pay it back in flexible installments of up to 12 months.
3. Binance - Best Place to Buy Immutable X for Low Trading fees
Binance is the largest, the most popular, and the most liquid crypto exchange around today. But these aren’t the only reasons why we included the CZ-led trading platform to our list of top exchanges to buy Immutable X. We feature it here primarily because of its highly competitive and heavily discounted crypto trading fees.
When buying Immutable X on Binance, for instance, you will only pay a maker/taker fee of between 0.1% and 0.04% - based on your 30-day trading volume on the platform. And if you choose to settle the trading fees using BNB (Binance Coin) tokens, you qualify for a 25% discount - bringing the transaction costs to between 0.75% and 0.03%. This has helped onboard different classes of crypto traders - from beginners to institutional investors.
We also include Binance here because it maintains one of the friendliest trading platforms. For starters, it too maintains a straightforward client onboarding process and has an oversimplified buy process. It also maintains highly affordable minimum deposit and trading minimums. But even more importantly, it lets you buy Immutable X instantly when you use their currency conversion tool.
Binance also boasts of maintaining some of the fastest order execution speeds. Not forgetting that it supports the widest range of cryptocurrencies, which translates to a high number of Immutable X trading pairs. And all these, plus the deep liquidity make it the crypto exchange of choice for most active traders - especially day traders and scalpers.
You will also want to include Binance on your list of best places to buy Immutable X because it gives you access to multiple passive investing programs. These include Binance Earn, Binance Savings, and the Binance staking programs. Here, you lock your IMX tokens for a pre-defined period and earn annual interest - often as high as double-digit percentages.
Another reason why you could feature Binance on your index of top exchanges to buy Immutable X is its commitment to the safety and security of client information and digital assets.
For starters, Binance doesn’t share its client’s personal information with third parties. Secondly, they have, and are continuous, integrating effective security measures around their network to keep hackers and other threats at bay.
Thirdly, Binance provides its platform users with free digital wallets. You have the option of using their exchange-provided custodial wallet that holds the majority of client digital assets in ultra-secure offline vaults. Alternatively, you could use their equally secure non-custodial mobile wallet app - the Trust wallet. Lastly, Binance runs the largest private and crypto-focused insurance scheme - currently standing at $1 Billion.
What Is Immutable X (IMX)
Immutable X is a layer-2 scaling solution built atop the Ethereum blockchain network. It is a scaling protocol dedicated to NFTs. immutable X can also be described as a highly decentralized ecosystem where virtually anyone can trade NFTs, create NFT marketplaces, and mint NFTs via the Immutable X mint. Some have even described it as the blockchain for NFTs.
Developed by the Ferguson brothers, James and Robbie, Immutable X is aimed at solving Ethereum’s scalability, gas fees, and versatility challenges. It is focused on the NFT niche and provides players with a highly scalable and zero gas fee platform. Here NFT minting and transaction processing are instantaneous - made possible by the platform 9000 transactions per second-order execution speeds.
Immutable X is a layer-2 scaling solution and not a sidechain. To achieve this effectiveness, it uses zero-knowledge (ZK) rollups - which implies that NFTs and other assets are traded on the layer 2 solution but the transaction’s validity of proof is recorded on the native Ethereum blockchain. The fact that it is not a sidechain implies that it inherits all of Ethereum’s security features.
IMX is the native token for the Immutable X protocol.
Is Immutable X (IMX) A Good Investment
There are numerous factors that make Immutable X one of the best crypto investments in 2022. But there also are certain threats to the Immutable X token’s sustainability that would make you rethink the idea of buying IMX.
Overall, however, the majority of crypto analysts and investors are confident that Immutable X is a good investment.
In this section, we help you make the decision of whether IMX tokes are a good investment by highlighting their core strengths and possible shortcomings.
Reasons to Buy Immutable X (IMX)
- Promising future: Immutable X is focusing on one of the fastest-growing crypto niches - NFTs. Analysts argue that its massive scalability, security, and gasless transactions, will continue fueling its value gain.
- Partnerships: Immutable X NFT platform has already entered into partnerships with leading NFT brands. These are already working on launching NFT marketplaces on the platform or are using the Immutable X platform to mint NFTs. These include GameStop, TikTok, OpenSea, as well as Gary Vee and Friends. The success of these brands here is expected to fuel the IMX token’s popularity and price uptrend.
- Growing ecosystem: The Immutable X popularity is soaring, as evidenced by the growing number of programs hosted here and the burgeoning community of followers.
- Proven resilience: Immutable X’s launch coincided with a contracting crypto market. It has proven its resilience by surviving and maintaining an uptrend during one of the crypto industry’s most volatile dips. You will want to add such a resilient altcoin to your crypto portfolio.
- Investor and developer appeal: Immutable X charges no gas fees and boasts of some of the fastest transaction processing speeds in the NFT space. Analysts expect these factors to draw developers and investors to the platform, which will only serve to drive IMX token prices up.
Risks of Buying Immutable X (IMX)
- Stiff competition: Immutable X faces stiff competition from NFT marketplaces from the more scalable blockchains - like Solana. These are expected to affect the rate with which Immutable X onboards NFT marketplaces and brands, which ultimately affects its prices.
- Over-reliance on Ethereum: Immutable X is overly reliant and closely associated with the Ethereum blockchain. The negative sentiments associated with Ethereum’s high gas fees and jumbled-up upgrades are expected to have a negative effect on IMX token prices.
- NFT craze will likely pass: Some critics have also argued that NFTs - like meme coins and ICOs before it - is a passing fad. They don’t believe in its sustainability and expect its value to stagnate or plummet when the NFT craze eventually dies down and is replaced by an even more fascinating crypto trend.
Immutable X (IMX) Price
Immutable X was first introduced to the public during an ICO that ended on 15th September 2021 with every IMX token selling for $0.15. It started trading in the open markets on 5th November And on its first day of trading, IMX token prices rallied by more than 3300% to reach $5. This warm welcome continued with the token hitting its current all-time high of $9.50 (6300%+ above its ICO price) on 26th November 2021.
Close to 7 months later, Immutable X has lost more than 90% of this peak price and is currently trading around $1.00. Much of this can be attributed to the contracting crypto market. Even with such a massive loss, however, Immutable X has sustained an uptrend. At the time of writing, it has an overall positive ROI of close to 700%.
Immutable X (IMX) Price Prediction
The general opinion within the crypto community - among investors and analysts - is that Immutable X token prices will continue rising in the foreseeable future. They argue that as more brands set up shop on the Immutable X platform and as its community of followers grows, its token prices will recover and assume an uptrend.
Other factors that they believe will help fuel an uptrend for the IMX token prices are in-network developments on the platform. They also expect the upcoming Merge upgrade to boost the prices of all Ethereum-affiliated tokens - including IMX. But more importantly, they are confident that a recovering crypto market will help IMX token prices resume the late 2021 uptrend.
Don't Miss: Immutable X (IMX) Price Predictions
Ways Of Buying Immutable X (IMX)
Different crypto trading platforms have introduced different ways of buying Immutable X. Even the three top exchanges to buy Immutable X that we have discussed hereinabove support a wide range of payment options.
Let us discuss the three most popular:
How to buy Immutable X (IMX) With Credit Card
Virtually all the most popular crypto trading platforms today will let you buy Immutable X with credit cards and debit cards. The payment methods are readily accessible and immensely convenient. Some of the perks of buying Immutable X with credit cards include the fact that crypto exchanges do not charge deposit processing fees for cards.
Additionally, most exchanges maintain relatively high deposit minimums - up to $40,000 on eToro. Plus, the cash transfer from cards to the trading account is almost instantaneous.
How to Buy Immutable X (IMX) With PayPal
You can also buy Immutable X with PayPal - albeit indirectly. To achieve this, you need to register an account with a crypto exchange that supports PayPal deposits - such as eToro. As is the case with cards, PayPal deposits into trading platforms are almost instantaneous. And the exchange won’t charge you a deposit-processing fee.
How to Buy Immutable X (IMX) With US Bank
You can also buy Immutable X with a bank deposit - the most accessible payment method. Today, virtually all crypto trading platforms - including the three best places to buy Immutable X we have discussed above - support bank deposits.
The benefit of buying IMX with bank deposits is that most exchanges have expanded maximum deposit limits. eToro, for instance, doesn’t have a maximum deposit limit for bank deposits. Further, these exchanges do not charge a deposit-processing fee for bank deposits.
On the flipside, exchanges have relatively high minimum deposits for bank deposits - as much as $500 on eToro. Additionally, bank deposits take between 3 and 8 business days before reflecting in your crypto trading account.
Best Immutable X (IMX) Wallet
Immutable X is an ERC-20 token and is, therefore, compatible with a growing number of online wallets. Virtually all popular crypto exchanges - including the three discussed above - will also provide you with free online digital wallets for your IMX tokens.
We, however, recommend that all our readers invest in the more reliable and ultra-secure hardware wallets. These store the private keys for your private keys offline and grant you absolute control and custody over your crypto investments.
How To Buy Immutable X (IMX) - Comprehensive Step-By-Step Guide
Here is the detailed step-by-step guide on how to buy Immutable X on eToro for beginners:
Step 1: Register a crypto trader account
Open the official eToro website and hit the “Join Now” tab to begin the account creation process. Complete the registration form that pops up asking for basic personal information, trading experience, and income sources. The process is straightforward and takes no more than 10 minutes.
Step 2: Verify identity
The multi-regulated crypto exchange will also demand that you verify your identity. Simply upload a copy of your government-issued identification documents, such as I.D, Passport, or driving license.
Note: You will receive an email notification once the account is approved.
Step 3: Deposit funds
Log in to your approved eToro crypto trader account. On the user dashboard, click on the “Deposit” tab. A funding tab will pop up, providing you with all the payment options available to you based on your country of residence. Choose one and follow the prompts to complete the deposit.
Step 4: Search for Immutable X
While still on the user dashboard, tap on the “Discover” tab. It will provide you with a list of supported asset classes, choose “Crypto” and use the search option to find Immutable X. You could also look for IMX up on eToro’s list of supported crypto assets.
Step 5: Buy Immutable X tokens
Hit the “Buy” option. A trading tab will pop up. Use it to customize the trade by indicating the number of IMX tokens you intend to buy or the amount of fiat cash you wish to spend on the trade. Hit the “Open Trade” button to execute the trade.
Note: The purchased Immutable X tokens will be deposited into the exchange-provided custodial wallet. You, however, are free to move them to the non-custodial eToro mobile wallet app. From here, you can forward the IMX tokens to other exchanges and third-party online/hardware wallets.
How To Sell Immutable X (IMX)
It is simple. Start by logging in to your eToro crypto trading account - or the exchange where you bought the Immutable X tokens. Open a sell order and decide whether you want to execute a limit or market order.
A market order lets you sell Immutable X tokens instantly at the prevailing market rates. A Limit order, on the other hand, lets you set the selling price for your Immutable X tokens.
Conclusion - Where To Buy Immutable X (IMX)
That’s it. There goes everything you need to know about where to buy Immutable X in 2022.
Throughout, this guide we have discussed everything you need to know about buying IMX tokens. We have discussed the three top exchanges to buy the altcoin and outlined the reasons and possible risks of buying IMX.
We have also helped you understand what Immutable X is and how it works. We have then looked at its past price action and analyzed its most likely future price action.
Even more importantly, we have provided you with an actionable guide on how to invest in Immutable X on eToro - one of the best places to buy Immutable X in 2022. Follow the steps outlined herein to create your account and start buying IMX today.
eToro – The Best Place To Buy Immutable X
Open an account with eToro, deposit some funds with USD, and finally – buy IMX from just $10.
FAQs On Where To Buy Immutable X (IMX)
What will Immutable X be worth in December 2022?
PricePrediction.net - a crypto forecasting website that uses technical analysis - indicates that Immutable X will most likely be trading around $1.30 by the end of 2022.
Where to buy Immutable X today?
A growing number of crypto exchanges have listed the IMX token. In this guide, we have introduced what we consider the three best places to buy Immutable X, choose one, and create an account with them.
Will Immutable X reach $100?
The majority of investors and crypto analysts are confident the IMX token has all it needs to reach $100. This, thanks to its modest maximum token supply of 2 billion and focus on one of the fastest-growing crypto niches - NFTs.
Is IMX token a good long-term investment?
Yes, the general opinion within the crypto community is that Immutable token prices will sustain the current uptrend. Over the next 10 years, a majority of forecasters expect it to reach between $40 and $100, making it worth buying today.
Is Immutable X on Binance?
Yes, IMX tokens are listed on Binance - one of our top choices for top exchanges to buy Immutable X in 2022.
Can I buy Immutable X with PayPal?
Yes, you can Immutable X with PayPal today. However, you will need to first create a crypto trader account with an exchange that supports PayPal deposits and lists IMX tokens. We recommend the all-popular eToro exchange for this.