How to buy ICON (ICX) from Australia

By   |   Verified by Andrew Boyd   |   Updated 29th August 2022

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Price (AUD)

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  • ICON uses smart contracts to connect multiple blockchains.
  • It is supported by the South Korean government and Samsung.
  • The protocol is growing in popularity with developers and crypto traders alike.

You can trade ICX on a number of exchanges from Australia. To find out where and how you can buy ICON, read on.

Where to buy ICON

Swyftx

On Swyftx's website

Highlights

  • Receive $10 worth of BTC when you sign up and verify your account.
  • Trade over 260 assets on Swyftx including Bitcoin, Ethereum, Ripple and Litecoin as well as DeFi coins such as UniCoin.
  • Deposit or withdraw funds from your account using several payment methods (PayID, OSKI, POLi or bank transfers).
  • New to Crypto? Try Swyftx's demo mode, it allows you to mock trade with no financial risk while you learn the ropes of crypto trading.

Pros

  • Trade more than 300 crypto assets through the Swyftx platform.
  • Offers tight spreads and low trading fees.
  • Get support within 5 minutes through their live chat.
  • Practice trading with a demo mode.

Cons

  • Lacks access to advanced trading markets.
Digital Surge

On Digital Surge's website

Highlights

  • Trade 270+ crypto assets in a clean design that's easy and fast to use.
  • Live chat support available 7 days a week with average response times of less than 1 minute.
  • Invest in crypto for your SMSF and get ATO compliant reporting.

Pros

  • Quick sign-up and verification process.
  • Fees are low and the fee structure is clear.
  • Has an Australian-based support team.

Cons

  • For fiat deposits, AUD is the sole choice.
CoinSpot

On CoinSpot's website

Highlights

  • Buy Bitcoin, Ethereum, XRP and over 370 other digital currencies.
  • Refer a friend and earn $10 BTC.
  • Get 24/7 helpdesk support.

Pros

  • Trade for only 0.1% and withdraw in AUD for free.
  • Multiple deposit options.
  • Access CoinSpot NFT Marketplace.
  • CoinSpot is regulated by AUSTRAC and is ISO certified

Cons

  • Margin trading is not available.
Cointree

On Cointree's website

Highlights

  • Buy, sell and trade on Australia’s best crypto exchange - Get free $10 BTC after verification. Just use promo code 10BTC.
  • Secure, Safe & Easy - Trade 280+ cryptocurrencies, including Bitcoin, Ethereum, Ripple and Dogecoin
  • Crypto investing for your SMSF with detailed ATO compliant reporting – Get started in 5 minutes

Pros

  • Cointree has competitive fees for quick buys and sells.
  • You can view and copy the portfolios of recently successful traders.
  • Pay your bills with cryptocurrency using Gobbill.
  • Get customer support 24/7.

Cons

  • Account verification may take up to 48 hours.
  • Does not have a mobile app.

Step 1: Find an exchange that offers ICON

ICON is a popular altcoin. Several of the most popular cryptocurrency exchanges have listed the coin. If you are comparing exchanges, make sure to research their fees, security, and reputation.

Step 2: Register and get verified

Before you can buy ICON using an exchange, you have to first open an account. Once your account is open, you will need to verify your identity. This is partly to comply with regulation and for security. In addition to your name, date of birth, and address, you'll probably be required to provide at least one proof of identity. A copy of your driving licence, passport, or another government-issued ID will suffice. ID verification is typically a fairly fast.

Step 3: Deposit funds

You can deposit funds into your account with a transfer of fiat currency from your bank account or with a credit or debit card. Alternative funding methods may be supported including PayID, PayPal, and POLi, but this varies widely. It could take several days for the funds to clear and be usable. If you already have cryptocurrency elsewhere, you may also be able to fund your account using that. It's not uncommon for an exchange to require a minimum deposit.

Step 4: Set a budget

Work out how much you can spend on buying ICON and stick to it. Crypto is a volatile and often speculative investment, so you should only ever invest money that you can afford losing.

Step 5: Purchase ICON

With your verified and funded exchange account, you can purchase ICON. Recurring buys may be an available if you want to dollar cost average over time.

Where to store your ICON

The most convenient location to store your ICX coins is in the wallet at the exchange where you bought it. But, you don't need to keep it there. It's possible to transfer to another wallet under your control elsewhere, including to a hardware wallet for greater security.