How To Buy Internet Computer (ICP) – A Step-By-Step Guide

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By Crypto Vibe

How To Buy Internet Computer (ICP)

how to buy internet computer (ICP)

The Internet Computer (ICP) enables a completely reimagined software environment. It is the world’s first blockchain that runs at web speed with an unbounded capacity. ICP is also the third major blockchain after Bitcoin and Ethereum. ICP operates as a blockchain computer that allows and scales smart contract computaion, runs them at web speed, and processes data in a highly efficient manner. The vision of ICP leads to a tokenized environment for internet services. If you want to invest in ICP but don’t know how to do it, we have got you covered with the information to figure out how to buy Internet Computer (ICP).

Register On Crypto Exchange

Since ICP is an altcoin, it can not be purchased directly with money. You will first need to buy Bitcoin (BTC) or Ethereum (ETH). To do that, you need to register on any of the credible crypto exchanges like Coinbase.

Buy Cryptocurrency With Cash

Once registered on the crypto exchange, you can buy BTC or ETH by paying cash through bank transfer or using an instant cash deposit (applicable in some countries).

Transfer Cryptocurrency To Altcoin Exchange

You will need to transfer your purchased cryptocurrency to an exchange that allows LINK trading. Some of the popular altcoin exchanges include, Binance, HotBit, and Poloniex. Just like other crypto exchanges, you will need to register on any of these first. While this may be valid, you may need to first check which of the altcoin exchanges allow LINK trading.

Deposit Your Crypto

After registering for altcoin exchange, you will be eligible to exchange your cryptocurrency. However, the exchange policies may vary depending upon the alt exchange you are using. If you want to deposit BTC to an exchange, you will find a string of random numbers saying ‘BTC address’ in the exchange app. Once you locate it, click on ‘Copy Address’ or simply select the address by right-clicking and copying the address.

Now, head to your crypto exchange e.g. Coinbase, and go to the Portfolio page. Once the page is open, click on your assets list and then click ‘Send’.

You can now paste the copied wallet address to the ‘Recipient’ field and click on ‘Send’ to proceed.

Once your exchange is successfully through, you will receive a confirmation email from your altcoin exchange.

Buy And Trade ICP

You can now open your altcoin exchange and select BTC from the options above the search bar. We choose BTC because we are trading bitcoins to purchase ICP. Now, type “ICP” to make the purchase, click on the green button ‘Buy ICP’.

Following the above-mentioned steps, you can easily buy Chainlink (LINK) with your BTC or ETH on any of the altcoin exchanges.