Everyone wants to jump on the crypto bandwagon, but there are a few things to consider first. Since there are various cryptocurrencies available, you should consider which ones you want to buy, such as Ethereum and Bitcoin. On top of that, you may want to look into crypto tokens. We’re going to explain all of that and show you how to join and buy crypto on the INX trading platform.
What Are Crypto Tokens?
Crypto tokens are created by an initial coin offering. Basically, they are there to raise funds and get sales going. Generally, this asset has a specific use and is only available on the blockchain of the person who created it. On top of that, you may be more limited as to where you can trade and buy crypto tokens because every exchange or platform isn’t going to offer it.
What Is INX?
Before we can go much further, you need to know what INX is and why you want to purchase INX security tokens. INX is a crypto token operating primarily on the Ethereum platform. It currently has about $117 million, and none of it is in circulation.
There is no need to transfer fiat money to Bitcoin or another cryptocurrency. You can buy INX tokens directly with your preferred currency.
Why Use the INX Platform?
Most trading platforms are not fully regulated for those in the US and other countries. Right now, INX is focused on getting EU, FINRA, and SEC approvals, making it the first fully regulated crypto platform out there.
This means that you are going to have a safeguard to protect your capital on the platform. On top of that, there’s a qualified custodian who handles all of the crypto assets. Don’t worry, though! You’re still going to get to trade all the assets you like, such as Ethereum, Bitcoin, and Litecoin.
It can be a bit challenging to know how to start, so let’s go through each of the steps required:
Step 1: Register on the Website
You should register with INX, and it’s a little tricky to do that. When you sign up, you can do so as an institution or individual trader. If you are signing up for your company, choose the institution version. From there, you enter your email and full name to join the mailing list.
Step 2: Watch Your Inbox
Once you’ve signed up for the newsletter, you’re going to learn how to buy the security tokens from INX. In a sense, you have to subscribe to the offering to get the deal. You’re going to get an email confirmation where you can click to go to the registration page.
Step 3: Register
Enter your email address and preferred password. Before you submit your details, it’s a good idea to read the Privacy Policy, Cookie Policy, and Terms of Service. INX has its own policies, but you also have to agree to Tokensoft’s policies. Tick the boxes when you’re done, and tap “Register.”
Step 4: Confirmation
You’re going to get a confirmation email shortly. Click the link in the email to be taken to the sign-in page. Enter the credentials you gave earlier and hit “Sign In.”
Step 5: Buy Security Tokens
Decide how many security tokens you wish to buy from INX. You’re going to be prompted to add a preferred payment method. Bank transfers and credit/debit are both available. Remember, you could be charged a fee when using a debit/credit card, but the purchase is instantaneous.
Right now, the token sale gives you one INX token for $0.90. Owning more tokens means that you have more of the pot when it goes live and opens to the public.
Step 6: Wait
Now, you’ve got to wait until all of the initial tokens are purchased. The website tells you how many more days there are to buy them.
Step 7: Trade
Once the token sale ends, you are free to start trading INX tokens just like you do any other cryptocurrency. On top of that, the INX platform lets you buy and trade other cryptos, such as Bitcoin and Ethereum.
Benefits of Choosing the INX Platform
The INX blockchain is actually developed and ready to launch. It’s just a matter of having people buy the tokens to get going. On top of that, you can trade INX tokens for other crypto or buy them directly, too.
With this platform, it supports the main types of orders, such as Stop, Limit, and Market. On top of that, you get trade confirmations in real time, so you know the deal went through. There are plenty of reporting tools to help you manage and monitor your positions, as well.
Before trading, you can use the technical analysis tools to help you figure out what the market’s likely to do. Plus, there’s an API interface for traders, market makers, broker deals, and more. This means that every system works efficiently and has a seamless operation.
More About the Company
INX was founded in 2017 and has invested more than $7 million into building a fully regulated digital asset ecosystem to trade and list security tokens and cryptocurrencies.
The platform isn’t live yet, but it should do so within six months after its initial token sale ends. Primarily, its goal is to support retail and institutional investors, but it can also work for individual traders who want to get in on the action.
It hopes to sell 130 million tokens for $117 million. About 60 percent of that is going into the cash fund to pay out for trades and purchases. The other 40 percent is going for operational needs, such as staffing, marketing, and legal things.
Conclusion
Are you ready to be a part of a new kind of trading platform? Many people are tired of the traditional options and want something that is fully regulated. With INX, you have that opportunity. While you can continue trading your favorite cryptocurrencies, you now have a new asset class — the blockchain-based security token.
Be a part of this monumental phenomenon and be part of the initial INX launch, which is soon to come.
