Immutable X is the Ethereum platform’s first layer-2 scalability solution. Immutable X solves the blockchain trilemma by offering all three fundamental features without sacrificing them. Immutable X is a decentralized protocol that allows for instant transactions while charging no gas fees, making it accessible to investors. Immutable X improves Ethereum blockchain scalability while trading NFTs without jeopardizing asset security.
How to Buy Immutable X Token – Quick Guide
Check out a quick guide to buying Immutable X token in just a few simple steps:
- Choose an Immutable X exchange – we recommend eToro, which is ASIC, CySEC, and FCA regulated
- Create an account and verify it with your ID
- Deposit into your account via bank transfer, Paypal, credit card, or other payment methods
- Search ‘Immutable X’ in the drop-down menu to see the IMX price chart
- Click ‘Trade’ and select an amount of IMX to buy
Best Places to Buy Immutable X in November 2024
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How to Sign Up at eToro
The initial step is to open an account with a broker. Because Chainlink (LINK) is listed on the Blockchain network, finding a broker with blockchain access is critical. We recommend eToro as the most user-friendly fiat on-ramp, as it accepts the most deposit methods, including Paypal, credit cards, Sofort, Giropay, and others.
Step 1: Open an Account
To open a new trading account, please follow the steps outlined below.
- Click the “Join Now” or “Trade Now” button on the eToro website.
- You’ll find an electronic form on this page where you can enter all your personal information required to open a new trading account.
- Please complete this form with all the required information.
- eToro allows users to log in using Facebook or Gmail.
- Before submitting your information for consideration, please read eToro’s Terms & Conditions and privacy policy.
- After reviewing the terms, please indicate your agreement by checking the appropriate box.
- Click the “sign-up” button to submit your information.
eToro website homepage
Your capital is at risk.
Step 2: Upload ID
eToro will then require you to verify the provided identity with a copy of your driver’s license or passport to comply with government regulations. A copy of the utility bill or bank account statement will also be required to verify the provided address. The verification will then automatically happen once the documents are uploaded.
Step 3: Make a Deposit
The minimum requirement for opening an account with eToro is $50, which can be deposited through various methods, including:
- Debit cards
- Credit cards
- Bank transfer
- Skrill
- PayPal
- Neteller
eToro charges no deposit fees regardless of the payment method. This is less expensive than some key competitors, such as Coinbase, which charges 3.99 percent to buy Bitcoin with a debit card. They do also have an exchange, Coinbase Pro, however, where LINK can be bought for a 0.5% or lower fee with a limit order.
Different deposit methods on eToro
On May 24, 2022, eToro listed the Immutable X (IMX) coin.
Step 4: Search for Immutable X
At this point in our step-by-step guide, you should have a funded eToro account. It is now time to purchase Immutable X (IMX). The quickest way to do this is to type ‘IMX’ into the top-of-the-page search box.
- The procedure begins with entering the username and password into the account.
- In the search box, type Immutable X or IMX.
- The search results will display a list; investors must select the desired cryptocurrency by clicking on it.
Immutable X on eToro
Step 5: Review Immutable X Price
This step will take you to an order page where you can enter the number of Immutable X coins you want. Then, click ‘Open Trade’ to include the IMX in your portfolio. Apart from the trading platform, we support storing your digital assets in a third-party wallet. The eToro Crypto Wallet, which now supports over 120 cryptocurrencies and IMX, is one viable option.
Immutable X Price Chart
Step 5: Buy Immutable X
Begin typing ‘IMX’ into the top-of-the-screen search bar. Click the ‘Trade’ button when you see the cryptocurrency asset.
Trade Immutable X on eToro
Read more about how to buy cryptocurrency in 2024 here.
Your capital is at risk.
Where to Buy Immutable X Token – Best Crypto Platforms
Despite Immutable X being a new digital currency, some of the industry’s largest crypto exchanges decided to list the token as soon as it was available. Our update includes reviews of the best places to buy Immutable X.
The list of IMX buying sites in 2024 includes their characteristics, fees, and reasons for their uniqueness. eToro has established itself as the leading platform for purchasing IMX cryptocurrency. The platform is safe, reasonably priced, and simple to use.
Best Brokers to Buy Immutable X
1. eToro Listed Immutable X in 2022
eToro is an online social trading and investment platform that enables trading stocks, commodities, indices, and foreign exchange. It also provides a social trading experience by permitting you to copy the trades of other traders and share your investments with others. In addition, eToro has low fees, no minimum deposit requirements, and a high level of liquidity.
eToro offers a comprehensive online brokerage platform in other countries. It’s new to the US market and only offers cryptocurrency trading in the US. The eToro platform provides access to 27 cryptocurrencies, a transparent fee structure, and an active user community. Remember that eToro has relatively high trading fees if you seek a low-cost cryptocurrency exchange.
Furthermore, you can now earn rewards for buying and selling Ethereum, Cardano, and Tron in your wallet.
Learn more about cryptocurrency staking.
eToro’s deposit process is entirely free. Deposits can be made by wire transfer, credit card, debit card, PayPal, Skrill, Sofort, or Netteller, among other options. The minimum deposit amount varies based on the location of the user.
Individuals in the United Kingdom and the rest of Europe must make a minimum deposit of $200 before trading. In the United States, users must also deposit $10.
Update 2024 – Going forward, the only cryptocurrencies eToro customers in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.
2. Binance: Trade Immutable X with Leading Crypto Exchange
Binance, founded in 2017 by software developer Changpeng Zhao, is a decentralized cryptocurrency exchange based in China. While Binance is currently the world’s largest cryptocurrency exchange by trading volume, it also deals with regulatory issues in several countries. US authorities are investigating money laundering and tax evasion allegations. Several countries have also banned the platform.
Binance provides global users with access to hundreds of cryptocurrencies. It’s worth noting, however, that the global Binance platform differs from its US counterpart, Binance.us, which only offers 65+ cryptocurrencies. Binance provides its customers with much more than just cryptocurrency trading. They provide crypto-to-crypto, crypto-to-fiat, and fiat-to-crypto trading. In addition, they offer margin trading, futures trading, and ICO listing.
Immutable X Price Chart – Binance
Binance makes use of two-factor authentication (2FA) and FDIC-insured USD deposits. Binance also protects its US customers with device control, address whitelisting, and cold storage. Purchase and sale fees range from 0.015 to 0.10 percent, with debit card purchases costing 3.5 percent or $10, whichever is greater, and US wire transfers costing $15.
Immutable X Listing on Binance: The Immutable X can be traded on Binance. It was added to the exchange on January 10, 2022, and its ticker symbol is IMX.
3. Crypto.com: Leveraged Trading on GMT
Crypto.com is one of the most popular cryptocurrency wallets, with over 9 million global users, allowing you to buy and sell more than 250 cryptocurrencies with low trading fees. Crypto.com processes over $2 billion in transactions per day.
Furthermore, the company offers crypto-to-crypto and fiat-to-crypto services, credit cards, wire transfers, and cash deposits at any ATM worldwide.
Crypto Capital Corp., a subsidiary of Crypto, provides trading services for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP) in addition to wallets.
The company’s headquarters are in Hong Kong, with offices in the United States, Japan, Singapore, and South Korea. On February 22, 2014, Samuel Leach and Matt Mickiewicz founded Crypto in Zug, Switzerland.
Immutable X Price Chart – Crypto.com
Deposits on this platform require a $1 minimum account balance. Maker/taker fees range from 0.04 to 0.40 percent. Credit or debit card purchases are free for 30 days after opening the account. Users can also earn up to $2,000 for each referral.
The ability to stake cryptocurrencies is the platform’s main selling point. Customers who stake or store their cryptocurrency in a crypto.com wallet can earn up to 14.5 percent in annual interest. In addition to trading, the exchange offers staking incentives, Visa card benefits, NFT trading, DeFi products, and other services.
Crypto.com Listing IMX: Crypto.com has provided trading on Immutable X ever since it listed the coin on December 03, 2021.
4. Coinbase: One of the Best Crypto Platforms to Trade Crypto
Coinbase Global, Inc., also known as Coinbase, is a cryptocurrency exchange platform in the United States. Coinbase is a distributed company with no physical headquarters; all employees work remotely, and it is the largest cryptocurrency exchange by trading volume in the United States.
While the company provides a variety of high-value products for individual and institutional investors, corporations, and developers, the ability to buy, sell, and trade over 100 different cryptocurrencies and crypto tokens is its distinguishing feature.
The company went public in April 2021 through a direct listing on the Nasdaq exchange. The platform’s quarterly trading volume is now $327 billion, and its assets are now $255 billion.
Immutable X Price Chart – Coinbase
Coinbase has 98 million verified users and 150 crypto assets, and the GMT coin was listed on April 28, 2022, causing the price of GMT to rise to nearly $4.90 on Coinbase alone. Coinbase supports almost all cryptocurrencies, including Ethereum, Bitcoin, LUNA, Uniswap, Cardano, and others, and supports meme currencies such as Dogecoin and Shiba Inu.
When using a debit or credit card, Coinbase charges a 3.99 percent fee; this fee is reduced to 1.49 percent when using ACH transfers, or you can use Coinbase Pro for free bank transfer deposits.
Coinbase Listing IMX: Coinbase listed the Immutable X on December 08, 2021, and IMX is now available for trading.
What is Immutable X (IMX):
Immutable X is Ethereum’s first layer-2 scaling solution for NFTs. It solves the NFT scaling trilemma by providing accessibility, true decentralization, and scalability without sacrificing security. Immutable X accomplishes this through the use of ZK-Rollups. Immutable X can now be mined on the Ethereum mainnet thanks to a collaboration with StarkWare.
Users can create and trade their assets as ERC-20 and ERC-721 tokens on a large scale. Immutable X has provided users with a world-class experience by implementing a new gaming meta-system.
The ecosystem of Immutable X (secured by Ethereum):
Immutable X enables NFT trading in an open and decentralized ecosystem secured by Ethereum. It is founded on the following principles:
ZK Rollups: ZK-Rollups is a layer-2 option developed to increase scalability by combining hundreds of transactions into a single transaction. All of the transfers held in this single transaction are deconstructed and verified by the smart contract. The public presentation and recording of transactions on the Ethereum blockchain are accomplished through a process known as “zero-knowledge proof.”ZK-Rollups reduce the storage and computational power required to validate blocks because zero knowledge of complete data is required to verify a transaction. Simultaneously, ZK-Rollups enable instant transactions without jeopardizing asset security and significant scalability. Immutable X’s engine facilitates 600x more transactions per second (TPS) than other Ethereum-based NFT marketplaces.
Instant transactions eliminate interruptions and interfere with the user experience. However, immutable X users can now own their assets and place NFT orders based on specific criteria and functionality.
Validium: Validium and ZK-Rollups are very similar, but unlike ZK-Rollups, the resulting proof in Validium is not posted back to the Ethereum Mainnet (Layer-1). Instead, it accelerates progress to the next level, and an authentic group must maintain its authority.
Volition: Volition is a solution that allows users to choose between ZK-Rollups and Validium on the fly.
Features of Immutable X
Zero Gas Fees: Immutable X provides zero gas fees for the minting and NFT trading of any marketplace, game, or dApps.
User-Maintained Custody: Users can use zero-knowledge proof to check their assets and withdraw them, and they can still keep control of their NFTs.
Massive Scale: The Immutable X engine supports over 9,000 transactions per second.
Instant Transactions: Transactions under Immutable X are instant without compromising user custody.
Metadata Orders: Users can use the service to place buy orders for NFTs with specific properties, such as the Diamond GU card.
Carbon Neutral NFTs: All NFTs traded are 100% carbon neutral.
Is It Worth Buying Immutable X (IMX) in 2024?
In the volatile landscape of cryptocurrency, the performance of Immutable X (IMX) during 2022 and early 2023 has been a roller coaster ride, leaving investors and enthusiasts wondering about its potential value and future prospects.
Tumultuous price movements marked the year 2022 for IMX. Starting the year on a high note at $5.06 on January 2nd, the token’s value took a nosedive, hitting a low of $1.10 on March 7th. A partial recovery ensued, pushing the price back to $2.82 by March 31st.
However, the road ahead remained rocky, as IMX experienced a sharp decline, plummeting to $0.6366 on June 14th amidst a series of market crashes. Despite these setbacks, IMX displayed signs of resilience, climbing to $1.29 on July 31st. Unfortunately, another downward spiral unfolded, with the token’s value sinking to $0.7228 on November 5th.
The situation worsened following the collapse of the FTX (FTT) exchange, causing IMX to drop even further to $0.3781 on November 21st. By the end of the year, IMX managed to reach $0.5151 on December 5th but ultimately concluded 2022 at $0.3835, translating to a staggering annual loss of over 92%.
However, a revival seemed to be on the horizon. In February 2023, IMX broke the dollar threshold for the first time since the summer of 2022, peaking at $1.27 on February 15th. This positive momentum was momentarily disrupted when Immutable X announced an 11% reduction in its workforce, causing the price to dip to $0.9187 on February 25th.
Yet, an announcement linking the company with the Unity video game engine helped IMX regain some ground. By March 8th, 2023, it reached a high of $1.15. Nonetheless, challenges persisted. The collapse of Silvergate Bank contributed to IMX’s decline to $0.7714 on March 10th. The token rebounded, reaching around $1.45 on March 17th, marking its highest value since May.
As of the latest update, Immutable X is trading at $0.577737, with a 24-hour trading volume of $22.67M. Its market capitalization is $ 642.13M, commanding a market dominance of 0.06%. IMX’s current circulating supply is 1.12 billion out of a maximum supply of 2.00 billion IMX. The annual supply inflation rate has reached a significant 377.46%, creating 888.11 million IMX in the past year.
In the Layer 2 sector context, Immutable X currently holds the second rank in market capitalization. The prevailing sentiment regarding the token’s price prediction is bearish, reflecting the prevailing market sentiment.
This sentiment is mirrored in the Fear & Greed Index, which stands at 39, indicating fear among market participants. Given the ongoing uncertainties in the cryptocurrency market, the trajectory of IMX remains uncertain, leaving investors cautious about its potential worth.
Will the Price of Immutable X (IMX) Go Up in 2024?
Immutable X (IMX) is emerging as a contender with significant potential for upward movement. While traditional market fundamentals play a role, recent shifts demand a broader perspective when gauging IMX’s future price trends.
Adding to the momentum, the ecosystem surrounding Immutable X is witnessing remarkable progress, setting the stage for potential price surges. One of the key developments comes from the realm of Web3 gaming. Immutable, the Web3 gaming platform, has embarked on the public testing phase of its Immutable zkEVM in collaboration with Polygon Labs.
The genesis of the zero-knowledge Ethereum Virtual Machine (zkEVM) network traces back to March, following Immutable’s strategic alliance with Polygon Labs. Notably, Polygon Labs had achieved the milestone of launching its Ethereum-scaling zkEVM on the mainnet on March 27th.
Immutable, too, entered the fray, announcing its zkEVM, designed to offer game developers cost-efficient development opportunities and the security and network advantages synonymous with the Ethereum ecosystem. Immutable’s co-founder and president, Robbie Ferguson, articulated that the zkEVM’s core aim revolves around enhancing ownership rights for the burgeoning community of Web3 gamers.
As reported by Immutable, this venture has garnered support from over 20 gaming companies, including prominent names like GameStop, TokenTrove marketplace, Kongregate, iLogos, and others. A dozen games are building their Web3 titles on the zkEVM platform.
Some of these titles include CoinArcade, Galaxy Commanders, Medieval Empires, MetalCore, Meta Toy, DragonZ SAGA, Rune Realms, Shardbound, Infinite Victory, EF Defense, and SimWin Football. MetalCore, in particular, has set a beta launch date of September 15th for its debut on the Immutable zkEVM.
At the heart of this testing phase, Immutable zkEVM’s implementation relies on zero-knowledge proofs to secure transfers between itself and Ethereum’s Sepolia network. This testing ground allows developers to gain insights into the functionality of the forthcoming mainnet version.
A striking feature of this network lies in its seamless compatibility with Ethereum applications. Developers can transition Ethereum projects to the zkEVM with minimal modifications, as highlighted by Immutable. In the near future, the team plans to deploy an “Immutable Relayer for currency abstraction and gas sponsorship,” enabling developers to create wallet accounts with reduced reliance on gas fees.
Immutable’s journey into this innovative landscape began with the launch of Immutable X, its first zero-knowledge-based layer 2 network, aimed at reducing transaction fees for gamers. However, one limitation of this network was its partial compatibility with Ethereum’s Virtual Machine.
Users were required to generate derivative keys through a web interface to utilize the network. In contrast, introducing Immutable zkEVM empowers users to switch networks within their wallets, expanding accessibility effortlessly.
In light of these developments, there is a potential price uptrend for IMX in the foreseeable future. Short-term price predictions indicate that by the middle of 2023, the average IMX price could reach $1.63, reflecting the positive trajectory expected for this innovative cryptocurrency.
Immutable X (IMX) Price Prediction: Where does IMX go from here?
Immutable X has a lot of potential; with it, it has a chance to go up using its merits. But times have changed, and it is time that we look at more than just market fundamentals when making Immutable X price predictions.
Immutable X Price Prediction 2023
In light of these developments, there is a potential price uptrend for IMX in the foreseeable future. Short-term price predictions indicate that by the middle of 2023, the average IMX price could reach $1.63, reflecting the positive trajectory expected for this innovative cryptocurrency. Additionally, the max price for the end of 2023 is expected to be $1.79.
Immutable X Price Prediction 2024
The arrival of 2024 will bring good tidings for the crypto space. Environmentally friendly and utility-focused cryptocurrencies may take center stage, which means IMX will likely see an influx of new buyers. Experts say that it might push the value of Immutable X to $2.22 by the end of 2024.
Immutable X Price Prediction 2025
Crypto regulations will become better by 2025. If those are progressive, crypto assets like Immutable C may be able to make the most out of it. Also, the bullish market will push the price of IMX higher. Experts believe IMX may be worth more than $3.22 by the end of 2025.
Summary
Immutable X is an open-source platform allowing users to create decentralized marketplaces, games based on blockchains, and dApps for instant gas-free trading. It is the first Layer-2 solution that provides alternatives to the scalability issue of Ethereum blockchains. It is designed to address challenges like high transaction fees, poor performance, scaling, and environmental impact without compromising user custody. This platform uses unique ZK-Rollups that have proven successful so far.
IMX price predictions match the numbers for a long-term rising trend of cryptocurrency. Some price predictions show a positive trend in the IMX price. However, some predictions are expecting its downfall. IMX showed significant development in the past because of the massive interest of investors and the incorporation of mainstream developers into the gaming experience with full custody and instant transactions.
IMX might be a worthwhile long-term investment if you are an investor looking for a coin to add to your portfolio. However, you must first research, understand fundamental analysis, and examine several viewpoints before relying on any cryptocurrency prediction market.
As we discussed above, the coin has the potential to grow exponentially. Therefore, if you want to buy it, our suggested regulated broker, eToro, can help you get started. The platform is, of course, licensed and regulated by the FCA and has one of the best reputations in the industry. Furthermore, eToro provides a wealth of educational resources to help those new to the market learn the ropes.
Other Undervalued DeFi Projects
We recently updated our list of the best altcoins to include DeFi coin, an underappreciated DeFi project (DEFC). Despite the May cryptocurrency crash, it increased in value by 350-400 percent that month after completing portions of its roadmap.
It has also retraced 98.75% of its all-time high, as has Terra LUNA, albeit after over a year. It’s now at a low price but still more than the presale price. It has more upside potential than downside risk and has room to grow as the DeFi market cap recovers in 2024.
FAQ
Any Risk in Buying IMX Now?
Considering the technical outlook, buying IMX now carries a high level of risk; it is a poor long-term (1-year) investment. IMX may be the wrong choice if you want to invest in cryptocurrencies with high returns. Your current investment's value may decline in the future.
Is IMX a Secure Network?
IMX outperforms competitors' solutions because it is the first scalability layer-2 solution that provides high security. It enables instant transactions and gives users full custody of their assets without jeopardizing their security.
Where to Buy IMX?
The Immutable X (IMX) token can be purchased on many exchanges; however, eToro, Binance, Coinbase, and Crypto.com are the best places to buy, in our opinion.
How Much Will IMX be Worth in 2030?
In terms of pricing, minimum, maximum, and average prices are predicted to be approximately $15 in 2030.
Will IMX Hit $10?
According to our technical analysis and IMX's price prediction, the IMX price has a potential to reach $10 in the first half of 2028.
