How to buy ICON (ICX) from Canada

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

  • 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 Canada. To find out where and how you can buy ICON, read on.

Where to buy ICON

Crypto.com

On Crypto.com's website

Crypto.com

Highlights

  • Earn up to 8.5% p.a. on your crypto, and up to 14% p.a. for stablecoins.
  • Spend with the Crypto.com Visa Card and get up to 8% back.
  • Shop with Crypto.com Pay and receive up to 10% back, paid in CRO.

Pros

  • Get access to additional features including lending, borrowing, debit cards, and more.
  • Start trading with just $1.
  • Interest-earning deposits are available.
  • There is a $2,000 referral bonus.

Cons

  • Lack of educational resources.
Binance

On Binance's website

Binance

Highlights

  • Trade over 50 cryptocurrencies with low trading fees.
  • Uses state-of-the-art storage technology to protect your cryptocurrency and CAD assets.
  • Earn rewards for holding coins and tokens.

Pros

  • It has some of the lowest trading fees out there. 0.1% for spot trading and 0.5% for instant buy or sell fees.
  • Credit card or debit card deposits are accepted.
  • Provides charting and trading tools suitable for advanced crypto traders.

Cons

  • The platform UI can be complicated to learn for new investors.

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 Interac e-Transfer and PayPal 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.