How to buy ICON (ICX) from New Zealand

By   |   Verified by David 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 New Zealand. To find out where and how you can buy ICON, read on.

Where to buy ICON

Swyftx

On Swyftx's website

Swyftx

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.
Easy Crypto

On Easy Crypto's website

Easy Crypto

Highlights

  • The first crypto broker in New Zealand to offer a 100% funds safety guarantee on every order.
  • Full custodial control over your crypto at all times.
  • Convert easily and quickly between cryptocurrencies.

Pros

  • Simple and easy-to-navigate interface.
  • There is a wide range of cryptocurrencies available.
  • Includes tracker which shows your portfolio's performance.

Cons

  • High transaction fees compared to other exchanges.

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 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.