How and Where to Buy Internet Computer (ICP) – Detailed Guide

What is ICP?

What is the Internet Computer (ICP)?

The Internet Computer is the fastest and only infinitely scalable general-purpose blockchain — incubated and launched by the DFINITY Foundation in May 2021 — and aims to become a ‘world computer’ hosting Web3 dapps, DeFi, games, NFTs, social media, and metaverse used by billions of users. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain that supports industry-leading 250,000 queries per second, executed with 1 second transaction finality, storage costs no more than $0.46 per GB per month, and decentralized, censorship-resistant sovereign physical infrastructure capable of scaling to millions of nodes using ground-breaking technology called Chain Key cryptography. The concept of a “world computer” that cannot be shut down originated from the Ethereum ecosystem, where early Ethereum technologist Dominic Williams, now Founder and Chief Scientist at DFINITY, assembled over 200 world renowned cryptographers, distributed systems engineers, and programming language experts from Google, Amazon, Facebook, Microsoft, IBM, Intel, Oracle, Uber, Samsung, and Apple to tackle the massive technological challenge of building an “internet computer” powerful enough to support infinitely scalable Web3 dapps. The project was founded in October 2016 by Dominic Williams, and attracted notable interest and financial contibutions from early members of the Ethereum community. Later, DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital. In 2018, over 50,000 registerter participants received ICP utility tokens in an airdrop. On December 18, 2020, DFINITY launched the alpha mainnet of the Internet Computer. In a final step towards decentralization, on May 10, 2021, DFINITY launched the Internet Computer into the public domain. This major milestone means that the internet now functions as a decentralized "world computer" — marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token allowing hundreds of thousands of community members to govern the Internet Computer network.

To learn more about this project, check out our deep dive of Internet Computer.

Who Is The Founder of the Internet Computer?

Dominic Williams is the Founder and Chief Scientist of DFINITY. He is a crypto theoretician, responsible for inventing Threshold Relay, Probabilistic Slot Consensus, and other novel crypto techniques, serial entrepreneur, and early member of the Bitcoin and Ethereum technical communities. Previously, he was President and CTO of String Labs, an incubator for venture-backed crypto projects, early pioneer of DeFi at Mirror Labs, and Founder and CEO of Fight My Monster, a MMO game for children that scaled to millions of users. He also founded several startups such as System7, Airdocs and Smartdrivez. Graduated King’s College London 1st in Class in Computer Science.

What is the DFINITY Foundation?

The Internet Computer was incubated and launched by the DFINITY Foundation, a not-for profit scientific research organization based in Zurich, Switzerland, comprised of the world’s top cryptographers and distributed systems and programming language experts, with nearly 100,000 academic citations and 200 patents collectively. Notable technologists at DFINITY include:

  • Jan Camenisch, PhD (CTO) - world-renowned cryptographer & privacy researcher, led IBM’s Cryptography / Research department for 19 years
  • Andreas Rossberg, PhD (Principal Engineer and Researcher) - the co-creator of WebAssembly and former team lead for the Google Chrome V8 engine
  • Ben Lynn, PhD (Sr Staff Engineer and Researcher) - world-renowned cryptographer and Google Engineer, the “L” in BLS cryptography, the key signature system being used in Ethereum 2.0
  • Jens Groth, PhD (Director of Research) - world-renowned cryptographer, known for pioneering non-interactive zero knowledge proofs
  • Timo Hanke, PhD (Principal Researcher) - creator of AsicBoost, one of the few proven algorithmic optimizations for Bitcoin mining
  • Paul Liu, PhD (Staff Engineer) - architected Intel’s Haskell compiler and received his PhD under Paul Hudak, a key designer of Haskell
  • Johan Georg Granström, PhD (Director of Engineering) - former Sr Staff Software Engineer at Google responsible for scaling YouTube system infrastructure

After public launch on May 10, 2021, the DFINITY Foundation will now be one of many organizations committed to improving and maintaining the Internet Computer network.

What Makes the Internet Computer Unique?

The main innovation behind the Internet Computer is Chain Key Cryptography, which encompasses numerous scientific break-throughs and countless advancements in crypto engineering such as:

  • Network Nervous System (NNS) DAO: The world’s largest permissionless DAO by TVL ($10.3bn), as of January 5, 2022, and participants (536,962 wallets). The NNS DAO is an open, permissionless and decentralized algorithmic system governing the Internet Computer, which automatically upgrades the protocol based on proposals adopted by the community, and continuously adds new nodes allowing the blockchain network to infinitely scale.
  • Low On-Chain Data Storage Costs: Decentralized data storage on the Internet Computer costs $0.46 per 1 GB / month or $5 per 1 GB / year. In comparison, it costs $310m (Ethereum) and $800k (Solana), as of January 17, 2022, to store 1 GB per year on legacy blockchains. As a result, legacy blockchains rely on centralized cloud providers such as AWS, Google Cloud, Microsoft Azure, Alibaba Cloud, etc for off-chain data storage. For the first time, the low cost of decentralized data storage via the Internet Computer allows entrepreneurs and developers to run Web3 dapps entirely on-chain.
  • User-Friendly Web3 Experience: The Internet Computer is the only public blockchain that runs smart contracts that directly serves HTTP calls to users, which means Web3 dapps on the Internet Computer have the same high quality user-friendly experience of today’s mass-market Web2 apps and games such as TikTok and Fortnite. Most importantly, Web3 dapps on the Internet Computer run on censorship-resistant, sovereign infrastructure. Currently, today’s biggest DeFi and DEXs such as Uniswap, SushiSwap, Aave, Curve, Compound, etc depend on centralized cloud services such as AWS, Cloudflare, and Netlify for their user-facing front ends – the part of a website or service that users see and interact with. For the first time, entrepreneurs and developers are able to build censorship-resistant DeFi and Web3 dapps that’s decentralized from end to end using the Internet Computer — without centralized cloud technology, which can easily be turned off as seen by the deplatforming of social media site Parler in 2021.
  • Reverse Gas Model: Cycles are the computational resource (aka, gas) required to execute transactions on the Internet Computer. Unlike legacy blockchains, the Internet Computer has a reverse-gas model where developers pay to run Web3 dapps, DeFi, games, NFTs, social media, and metaverse projects. Similar to the success of Web2, the Internet Computer lowers the barrier for mass market adoption by allowing users to interact with Web3 dapps without needing tokens or token wallets — no longer paying gas fees to mint NFTs, process DeFi transactions, play games, engage on social media dapps, etc.
  • Anonymity: Users of Internet Computer-based Web3 dapps, DeFi, games, NFTs, social media, and metaverse use Internet Identity, the only anonymizing blockchain authentication system leveraging cryptographically enabled devices such as the fingerprint sensor (TouchID) on a laptop, FaceID system on mobile, or portable HSM devices such as YubiKey or Ledger wallet, to anonymously authenticate to Web3 dapps without being tracked across dapps and services, and preserving a users anonymity. At Genesis launch, DFINITY made node specifications public, which allows node providers to independently procure or build node machines. As a next step, DFINITY and the technical community are developing (see Roadmap) ways for amatuer node providers, using low cost devices, to participate and further decentralize the Internet Computer network.
  • 100% Sovereign Infrastructure: Similar to the Bitcoin network, the Internet Computer is the only other 100% sovereign infrastructure in blockchain — with zero centralized cloud nodes. Currently, 70% of Ethereum nodes and over 50% of Solana nodes are hosted by centralized cloud providers such as AWS, Google Cloud, Microsoft Azure, Alibaba Cloud, etc, allowing tech giants to shut down or degrade performance of legacy blockchain networks. Currently, as of January 17, 2022, there are 413 sovereign, censorship-resistant Internet Computer nodes operated by independent node providers around the globe, leaving the Internet Computer immune to shut down by centralized parties.
    Infinite Scalability: The Internet Computer’s partitioning into subnet blockchains allows the network to infinitely scale. Each subnet (aka, mini blockchain), composed of 13 to 37 nodes to ensure Byzantine fault tolerance, exists within the larger Internet Computer blockchain. Continuously increasing the number of subnets also increases network throughput, or overall block rate. As of January 14, 2021, the Internet Computer supports an industry-leading 32 blocks per second.
  • Lightning Fast Speed: The Internet Computer blockchain is designed to consistently process an immense volume of updates and transactions without compromising on speed, security, sovereignty, or decentralization. Recently, Real Vision CEO Raoul Pal stated, “The Internet Computer is bloody fast”. ICP is capable of processing up to 250,000 queries (read) per second, executed with an average 1 second finality (write) for Web3 dapps — “making it 11 times faster than Solana” according to Origyn co-founder Mike Schwartz.

Who Runs the Nodes in the Internet Computer Network?

At Genesis on May 10, 2021, the Internet Computer is supported by 48 independent data centers — located across North America, Europe, and Asia — running 1,300 nodes. The network will continue to grow exponentially to support the next generation of mega dapps, with 123 data centers running 4,300 nodes scheduled by the end of the year, and eventually thousands of data centers running millions of nodes to support the decade-long building out of the Open Internet. Importantly, anyone can become a node provider, interested parties apply for a Data Center ID (DCID) to the Network Nervous System (NNS), procure specialized machine nodes, install the ICP protocol, and connects to the Internet Computer network.

How Fast is the Internet Computer Network?

The scientific breakthrough called Chain Key Cryptography allows the Internet Computer to run at web speed — making it the world’s fastest public blockchain at 250,000 queries per second (read), 11,500 transactions per second withe 1 second transaction finality (write).

What Does the ICP Token Do?

ICP is the native utility token of the Internet Computer, and is used in the following functions:

  • Governance: ICP token holders may stake ICP in the Network Nervous System (NNS) DAO to create "Neurons" to vote on governance proposals and earn voting rewards.
  • Gas: ICP tokens can be burned and converted into cycles (aka, gas), which are used by developers to pay for computation and storage costs for their decentralized applications running on the network via canister smart contracts.

What Do Cycles Do?

Cycles power computation in the role of fuel. They also have a constant value over the long-term, which contrasts with ICP, whose value will naturally vary over time. Moreover, Cycles will be pegged to the SDR, which is a logical currency unit defined by the International Monetary Fund, and 1 SDR worth of ICP can be converted into exactly one trillion Cycles to power computation.

What Do Neurons Do?

A neuron locks a balance of ICP utility tokens and enables its owner to participate in network governance, through which they can earn voting rewards.

Who Are the Natural Buyers for ICP Tokens?

  • Token Holders who want to participate in network governance and earn voting rewards
  • Developers who need to convert ICP tokens into Cycles to pay for computation

ICP Token Supply and Tokenomics?

There will be 469,213,710 ICP tokens at Genesis. Circulating supply depends on the dynamics of the market. However, it is approximated to be 26% at Genesis. Genesis Initial State Token Allocations

  • Early contributors: 9.50%
  • Seed donations: 24.72%
  • Strategic: 7.00%
  • Presale: 4.96%
  • Strategic partnerships: 3.79%
  • Community airdrop: 0.80%
  • Initial community and developer grants: 0.48%
  • Node operators: 0.22%
  • Internet Computer Association: 4.26%
  • Team members: 18.00%
  • Advisors and other third-party token holders: 2.40%
  • DFINITY Foundation: 23.86%

How Does the Internet Computer Network Nervous System Work for Voting?

The NNS works by receiving proposals and deciding to adopt or reject them based on voting activity by neurons; that network participants have created. Neurons are also used by participants to submit new proposals. After submission, proposals are either adopted or rejected, which can happen almost immediately or after some delay, depending on how the totality of neurons vote.

Where to Buy Internet Computer(ICP)?

Internet Computer is available at a variety of crypto exchanges, depending on your region. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our Internet Computer market pairs tab.

Internet Computer is available on many top exchanges, such as: Binance, Huobi Global, Coinbase, KuCoin, Gate.io and more.

Be sure to do your own research before picking an exchange to buy Internet Computer, by using our education portal — Alexandria.

To check Internet Computer price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Internet Computer price page. Alternatively, use the dedicated exchange rate converter page. Popular Internet Computer price pairs include: ICP/USD, ICP/GBP, ICP/AUD and ICP/EUR.

What Are The Prominent Projects In The Internet Ecosystem?

According to the Electric Capital Developer Report, the Internet Computer is one of the fastest growing developer ecosystems in 2021 — growing 368%. As of January 2022, evidenced by over 30,000 canister smart contracts deployed on the network, over a thousand developers are hard at work building on the Internet Computer, encompassing DeFi, play-to-earn and GameFi, NFTs and marketplaces, instant message and social media dapps, enterprise software, as well as infrastructure and metaverse projects. Most importantly, once the developer community agrees on a token standard, Internet Computer-based projects will soon tokenize and list on exchanges.

DeFi

  • Next-generation decentralized exchanges such as Sonic, InfinitySwap, and ICPSwap, running entirely on-chain, are leveraging the Internet Computer’s reverse-gas model and 1 second transaction finality to give users zero gas fees and lightning fast speed for swaps, transactions, and more.

NFTs

  • The lead artist behind the Bored Ape Yacht Club collection, debuted a new collection of NFTs on the Internet Computer at Art Basel, “The new series is hosted on the Internet Computer… allowing for bigger file sizes. It's an example of how artists are starting to experiment with NFT platforms beyond Ethereum.” ORIGYN, a NFT marketplace building on the Internet Computer, saw its valuation soar to $300 million following a round of investment from Paris Hilton and Wall Street veteran Bill Ackman.

Games

  • Cube Run is a futuristic racing game built on the Unity 3D game engine, WebGL and hosted on the Internet Computer. MetaSports Basketball is an open basketball metaverse, where users utilize their favorite Ethereum and Internet Computer-based NFTs to compete to become basketball superstars on teams they own and manage.

Social

  • OpenChat boasts 100,000 users, with close to 1 million messages sent over its decentralized messaging service. Distrikt, a decentralized Facebook, surpassed 70,000 user accounts and 100,000 posts — with less than $100 spent on gas. Dmail is the Web3 replacement for e-mail, and enables users to send and receive blockchain-backed, encrypted messages. DSocial is a decentralized version of YouTube, enabling content creators to be fairly rewarded via tokens for their work, and engagement.

Metaverse

  • PokedStudios launched the Bots NFT collection in an early foray into the metaverse on the Internet Computer, with the rarest Bot netting a sale of 3,000 ICP (~$172,140). IC Gallery is an interoperable 3D metaverse blending GameFi and DeFi, where users can play, mint, and trade all their existing NFTs through various immersive 3D experiences.

To learn more: https://dfinity.org/showcase

ICP was first tradable on 23rd Mar, 2021. It has a total supply of 470,617,457.4,315,767. As of right now ICP has a market capitalization of USD $unknown. The current price of ICP is $44.26 and is ranked 20 out of the top 100 cryptocurrencies on Coinmarketcap and has recently surged 47.88 percent at the time of writing.

ICP has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy ICP.

Step 1: Register on Fiat-to-Crypto Exchange

You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.

Select Fiat-to-Crypto Exchange for details:

Coinbase is also one of the largest crypto exchanges that accept fiat deposits. Use the link below to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.

Show Details Steps ▾

Type your email and click 'Get started'. Make sure you provide your real name as Coinbase will need it for account verification. Choose a strong password so that your account isn't vulnerable to hackers.

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, Coinbase is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy BTC with fiat money

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.

Now you are all set, click the 'Trade' button at the top left, choose Bitcoin and confirm your transaction...and congrats! You've just made your first crypto purchase.

Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:

  • Easy to buy and trade among multiple assets, more than 50 and still adding
  • Currently more than 7M users worldwide
  • You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
  • Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
  • No hidden fees and any other account fees
  • There are limited buy/sell orders for more advanced users
  • You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
  • USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Show Details Steps ▾

Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy BTC with fiat money

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.

Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.

Step 3: Transfer BTC to an Altcoin Exchange

Select altcoin exchanges:

But we are not done yet, since ICP is an altcoin we need to transfer our BTC to an exchange that ICP can be traded, here we will use Binance as our exchange. Binance is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world. Unfortunately, Binance does not allow US investors so we recommend you to sign up on other exchanges we recommend on this page.

After going through a similar process as we've done before with Coinbase, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.

Step 4: Deposit BTC to exchange

Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.

If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your BTC wallet at Binance and you can receive BTC by giving this address to the person to send you the funds. Since we are now transferring our previously bought BTC on Coinbase to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.

Now head back to Coinbase, go to Portfolio page and click on BTC on your asset list, then click on 'Send' on the right.

Under the Recipient field, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.

Click 'Send' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Binance!

Now go back to Binance and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.

You should receive a confirmation notification from Binance once your BTC has arrived. And you are now finally ready to purchase ICP!

Step 5: Trade ICP

Go back to Binance, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.

In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "ICP", you should see ICP/BTC, select that pair and you should see a price chart of ICP/BTC in the middle of the page.

Below there is a box with a green button that says "Buy ICP", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy ICP". Voila! You have finally bought ICP!

But we are not done yet, since ICP is an altcoin we need to transfer our BTC to an exchange that ICP can be traded, here we will use Gate.io as our exchange. Gate.io is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.

Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.

After going through a similar process as we've done before with Coinbase, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.

Step 4: Deposit BTC to exchange

Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.

If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your BTC wallet at Gate.io and you can receive BTC by giving this address to the person to send you the funds. Since we are now transferring our previously bought BTC on Coinbase to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.

Now head back to Coinbase, go to Portfolio page and click on BTC on your asset list, then click on 'Send' on the right.

Under the Recipient field, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.

Click 'Send' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Gate.io!

Now go back to Gate.io and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.

You should receive a confirmation notification from Gate.io once your BTC has arrived. And you are now finally ready to purchase ICP!

Step 5: Trade ICP

Go back to Gate.io, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.

In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "ICP", you should see ICP/BTC, select that pair and you should see a price chart of ICP/BTC in the middle of the page.

Below there is a box with a green button that says "Buy ICP", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy ICP". Voila! You have finally bought ICP!

But we are not done yet, since ICP is an altcoin we need to transfer our BTC to an exchange that ICP can be traded, here we will use KuCoin as our exchange. KuCoin is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.

KuCoin is a cryptocurrency exchange based in the Seychelles (previously Hong Kong). Launched in September 2017, KuCoin claims to have 5 million users from over 200 countries and regions. Often known as the People’s Exchange, KuCoin now offers crypto-related services like crypto-to-crypto, fiat-to-crypto, futures trading, staking, lending and so forth. The exchange has one of the world’s most impressive trading pair selections, with more than 250 supported coins and 440 trading pairs. KuCoin was backed by two giant traditional venture capitals when launching - IDG Capital and Matrix Partners. The exchange also announced a USD 20 million round A funding from them at the end of 2018.US-investors are not listed as prohibited from trading. If you are a US-investor, however, you should still always analyse yourself whether your home state imposes any obstacles for your foreign cryptocurrency trading.

After going through a similar process as we've done before with Coinbase, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.

Step 4: Deposit BTC to exchange

Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.

If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your BTC wallet at KuCoin and you can receive BTC by giving this address to the person to send you the funds. Since we are now transferring our previously bought BTC on Coinbase to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.

Now head back to Coinbase, go to Portfolio page and click on BTC on your asset list, then click on 'Send' on the right.

Under the Recipient field, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.

Click 'Send' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to KuCoin!

Now go back to KuCoin and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.

You should receive a confirmation notification from KuCoin once your BTC has arrived. And you are now finally ready to purchase ICP!

Step 5: Trade ICP

Go back to KuCoin, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.

In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "ICP", you should see ICP/BTC, select that pair and you should see a price chart of ICP/BTC in the middle of the page.

Below there is a box with a green button that says "Buy ICP", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy ICP". Voila! You have finally bought ICP!

But we are not done yet, since ICP is an altcoin we need to transfer our BTC to an exchange that ICP can be traded, here we will use MXC as our exchange. MXC is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.

Launched in Apr 2018, MXC is a centralized cryptocurrency exchange registered in Seychelles. It supports CNY, VND, USD, GBP, EUR, AUD deposit, and CNY, VND withdrawal. As far as we can tell, US-investors may trade at MXC. It offers trading in 242 coins and has 374 trading pairs. They are currently no. 7 in terms of the most supported cryptocurrencies compared to other spot trading exchanges according to Coingecko. Most importantly, MXC is ON TOP of the Decentralised Finance (DeFi) wave and constantly adding support for DeFi coins.

After going through a similar process as we've done before with Coinbase, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.

Step 4: Deposit BTC to exchange

Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.

If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your BTC wallet at MXC and you can receive BTC by giving this address to the person to send you the funds. Since we are now transferring our previously bought BTC on Coinbase to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.

Now head back to Coinbase, go to Portfolio page and click on BTC on your asset list, then click on 'Send' on the right.

Under the Recipient field, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.

Click 'Send' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to MXC!

Now go back to MXC and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.

You should receive a confirmation notification from MXC once your BTC has arrived. And you are now finally ready to purchase ICP!

Step 5: Trade ICP

Go back to MXC, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.

In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "ICP", you should see ICP/BTC, select that pair and you should see a price chart of ICP/BTC in the middle of the page.

Below there is a box with a green button that says "Buy ICP", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy ICP". Voila! You have finally bought ICP!

But we are not done yet, since ICP is an altcoin we need to transfer our BTC to an exchange that ICP can be traded, here we will use OKEx as our exchange. OKEx is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.

OKEx is a crypto exchange that was previously based in Hong Kong. According to info provided directly from the exchange to us, it is now based in Malta. Malta is together with Estonia and Gibraltar one of the few countries in Europe that has clear license requirements for crypto exchanges. When Malta issued license requirements for crypto exchanges, a lot of exchanges from other parts of the world actually relocated to Malta. US-investors may not trade on this exchange. So if you are a US-investor and want to trade at OKEx, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges.

After going through a similar process as we've done before with Coinbase, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.

Step 4: Deposit BTC to exchange

Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.

If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your BTC wallet at OKEx and you can receive BTC by giving this address to the person to send you the funds. Since we are now transferring our previously bought BTC on Coinbase to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.

Now head back to Coinbase, go to Portfolio page and click on BTC on your asset list, then click on 'Send' on the right.

Under the Recipient field, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.

Click 'Send' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to OKEx!

Now go back to OKEx and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.

You should receive a confirmation notification from OKEx once your BTC has arrived. And you are now finally ready to purchase ICP!

Step 5: Trade ICP

Go back to OKEx, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.

In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "ICP", you should see ICP/BTC, select that pair and you should see a price chart of ICP/BTC in the middle of the page.

Below there is a box with a green button that says "Buy ICP", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy ICP". Voila! You have finally bought ICP!

But we are not done yet, since ICP is an altcoin we need to transfer our BTC to an exchange that ICP can be traded, here we will use Huobi as our exchange. Huobi is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.

Huobi is originally a Chinese crypto exchange. From what it seems, it has now registered in the Seychelles. This exchange is one of the six exchanges from the Seychelles. The liquidity at Huobi is impressive. The liquidity, together with its customer support that is open 24 hours a day 365 days a year and good security. If you sign up to Huobi using our link below, you will receive a series of welcome bonuses, as follows: 1. USDT 10 when you have registered and verified your profile, 2. USDT 50 when you have deposited/bought 100 USDT worth of tokens via Huobi OTC, and 3. A chance of up to USDT 60 when you have completed a minimum of 100 USDT worth of crypto-to-crypto trading. Huobi does not allow US-investors on its exchange.

After going through a similar process as we've done before with Coinbase, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.

Step 4: Deposit BTC to exchange

Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.

If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your BTC wallet at Huobi and you can receive BTC by giving this address to the person to send you the funds. Since we are now transferring our previously bought BTC on Coinbase to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.

Now head back to Coinbase, go to Portfolio page and click on BTC on your asset list, then click on 'Send' on the right.

Under the Recipient field, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.

Click 'Send' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Huobi!

Now go back to Huobi and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.

You should receive a confirmation notification from Huobi once your BTC has arrived. And you are now finally ready to purchase ICP!

Step 5: Trade ICP

Go back to Huobi, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.

In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "ICP", you should see ICP/BTC, select that pair and you should see a price chart of ICP/BTC in the middle of the page.

Below there is a box with a green button that says "Buy ICP", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy ICP". Voila! You have finally bought ICP!

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ICP gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

BitMart

BitMart is a crypto exchange from the Cayman Islands. It became available to the public in March 2018. BitMart has a truly impressive liquidity. At the time of the last update of this review (20 March 2020, right in the middle of the crisis with COVID-19), BitMart’s 24 hour trading volume was USD 1.8 billion. This amount placed BitMart on place no. 24 on Coinmarketcap’s the list of exchanges with the highest 24 hour trading volumes. Needless to say, if you start trading here, you will not have to worry about the order book being thin. Many exchanges does not allow investors from USA as customers. As far as we can tell, BitMart is not one of those exchanges. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.

BitForex

BitForex is another one of those cryptocurrency exchanges from off-shore (Seychelles). This exchange is one of the six exchanges registered in the Seychelles. In an email sent out to its users on 23 October 2019, BitForex informed that they now have more than 3 million users. The exchange also has a decent selection of trading pairs (92 different trading pairs) and a very impressive liquidity. BitForex does not state that US-investors can’t trade here. So, we believe that US-investors can trade here. However, all US-investors should form their own opinion on whether state rules or federal rules affects their foreign trading activities or not.BitForex does not state that US-investors can’t trade here. So, we believe that US-investors can trade here.

Last Step: Store ICP securely in hardware wallets

Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used on desktops and laptops
  • Lightweight and Portable
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price
Ledger Nano X

Ledger Nano X

  • More powerful secure element chip (ST33) than Ledger Nano S
  • Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
  • Lightweight and Portable with built-in rechargeable battery
  • Larger screen
  • More storage space than Ledger Nano S
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your ICP for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.

Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.

Other useful tools for trading ICP

Encrypted Secure Connection

NordVPN

Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. While using hardware wallet allows you to store your cryptos in a safe place, using an encrypted VPN connection while you trade makes it harder for hackers to intercept or eavesdrop your sensitive information. Especially when you are trading on the go or in a public Wifi connection. NordVPN is one of the best paid (note: never use any free VPN services as they may sniff your data in return of free service) VPN services out there and it has been around for almost a decade. It offers military-grade encrypted connection and you can also opt-in to block malicious websites and ads with their CyberSec feature. You can choose to connect to 5000+ servers in 60+ countries base on your current location, which ensures you to always have a smooth and secure connection wherever you are. There is no bandwidth or data limits that means you can also use the service in your everyday routines such as streaming videos or downloading large files. Plus it is among the cheapest VPN services out there (only $3.49 per month).

Surfshark

Surfshark is a much cheaper alternative if you are looking for a secure VPN connection. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Currently, Surfshark does not have any device limit so you can basically use it on as many devices as you want and even share the service with your friends and family. Use the signup link below to get an 81% discount(that’s a lot!!) at $2.49/month!

Atlas VPN

IT nomads created Atlas VPN after seeing a lack of top-notch service within the free VPNs field. Atlas VPN was designed for everyone to have free access to unrestricted content without any strings attached. Atlas VPN set out to be the first trustworthy free VPN armed with top-notch technology. Furthermore, even though Atlas VPN is the new kid on the block, their blog team’s reports have been covered by well-known outlets such as Forbes, Fox News, Washington Post, TechRadar and many others. Below are some of the feature highlights:

  • Strong encryption
  • Tracker blocker feature blocks dangerous websites, stops third-party cookies from tracking your browsing habits and prevents behavioural advertising.
  • Data Breach Monitor finds out whether your personal data is safe.
  • SafeSwap servers allow you to have many rotating IP addresses by connecting to a single server
  • Best prices on the VPN market (only $1.39/month!!)
  • No-log policy to keep your privacy safe
  • Automatic Kill Switch to block your device or apps from accessing the internet if the connection fails
  • Unlimited simultaneous connections.
  • P2P support

Crypto Ultimatum

Crypto Ultimatum is a detailed training system that shows you how to go from no money to making a fortune with Crypto Currencies. The system that was used took $100 and turned this into $1006. But the system works so well they then took this $1006 and turned it into the huge amount of $257,000 with Bitcoin and Crypto Currencies!

The great thing about the training is you don’t need technical skills. In fact, you don’t even need a great deal of money and can start with much less than $100 if you wish. It reveals all the secret techniques and gives you the ability to make money when you are a complete novice. It even explains some of the scams so you can avoid them. It goes into detail about where you go to do all this trading and how you can make money in a little as 24 hours. You can develop into someone who buys and sells smaller types of “altcoins” too.

Frequently Asked Questions

Can I buy ICP with cash?

There is no direct way to buy ICP with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Are there any quick ways to buy ICP in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.

Are there any alternative platforms to buy ICP or Bitcoin with credit cards?

Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

Read more on Internet Computer's fundamentals and current price here.

ICP Price Prediction and Price Movement

We have seen some downward price movements over the past three months as ICP has dropped 0 percent. Though with its relatively large market capitalization, ICP maybe in the middle of a long price consolidation phase, in the case of a strong fundamentals, it would be likely that ICP may bounce back heavily and continue its next phase of upward movement. Therefore traders should spend some extra effort in researching ICP's fundamentals and still be cautious while trading this coin.

Please note that this analysis is purely base on ICP's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.

This article was first seen on cryptobuying.tips, for more original and up-to-date crypto buying guides, visit WWW Dot Crypto Buying Tips Dot Com

Read more at https://cryptobuying.tips

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