How to Buy IDEX Token?

With its special blend of centralized and decentralized architecture, IDEX offers both novice and seasoned users a superior user experience. The cryptocurrency market has grown to a point where there are hundreds of distinct cryptocurrencies with a wide range of use cases. In recent years, projects centered on decentralized finance have become some of the most well-liked blockchain and cryptocurrency projects.

IDEX Exchange

What is IDEX?

IDEX is a decentralized exchange that incorporates components of centralized exchanges to speed up the network while preserving the environment's decentralized nature. Both Binance Smart Chain and Ethereum are used to host the platform. The automated market maker concept is used by the majority of initiatives of a similar nature to execute trades on a DEX, while IDEX takes a different tack.

To start and complete cryptocurrency exchanges, IDEX uses order books. Since customers must complete know your customer verification and give their email address, it is questionable whether IDEX can be categorized as a decentralized exchange or a non-custodial exchange. Features like the stop-loss mechanism, which is frequently found on centralized exchanges, are available on IDEX on BSC. As of late, IDEX is also accessible on Polkadot as a component of the IDEX Multichain project.

Cryptocurrencies supported by Ethereum, Polkadot, and Binance Smart Chain can be exchanged by users. The project's major objective is to make it possible to perform and process thousands of transactions in a matter of seconds. The utility token for the exchange is called IDEX, and nodes can stake it to ratify transactions on the off-chain ledger.

How IDEX differs from other competitors? 

While IDEX uses order books with a centralized mechanism for matching orders, other DEX systems use automated market maker models to execute buy and sell orders. This system achieves centralization to guarantee immediate execution and quick processing of all off-chain operations.

IDEX provides minimal latency and guaranteed trade execution, and the software is a special fusion of the system's centralized and decentralized components. IDEX is the first decentralized exchange of its kind and offers consumers full custody of their assets thanks to its innovative method to sourcing exchange services. IDEX is a special and valuable project in the DeFi sector and the larger market since it offers advanced order types, staking with an automatic incentive system, and an intuitive user interface.

What is IDEX Token and How Many are There?

IDEX Token is the unit of use of the IDEX exchange. It is used in multiple functions on the decentralized exchange. There are presently 1,000,000,000,000 IDEX Tokens in circulation. The token's supply is constrained, just like that of Bitcoin and many other cryptocurrencies. Due to the restricted supply, IDEX coins won't depreciate due to inflation and won't require further production once the current supply has been used up.

How to Buy IDEX Token?

How to Register at Gateio?

Click here to register with Gateio, the most preferred exchange for cryptocurrency investment, with a commission discount.
Simply enter the requested information on the page that opens. After completing the "nationality, e-mail address, password and password verification" processes correctly, you can complete the registration process by clicking the confirmation e-mail sent to your e-mail.
 

Gateio KYC Verification

All cryptocurrency exchanges require KYC verification. Although it may cause doubts in the minds of some, the truth of the matter is that it is necessary to know that exchanges that do not require KYC verification should be avoided. This is because identity verification also prevents someone else from opening an account on behalf of the user.

After confirming the verification e-mail sent to you after registering by Gateio, you must enter the site and upload the requested documents. After uploading the front and back side of your ID and selfie (selfie) document, you will complete the registration process.

How to Transfer Money to Gateio

After completing the Gateio registration process, you can now proceed to the deposit process. You can buy Bitcoin or Tether (USDT) with a credit card. You can pay by credit card by clicking on the "Fiat trading" tab on the main page.

To transfer money from another exchange to Gateio, go to the "wallet" section and select the cryptocurrency you want to transfer, then simply paste the wallet code you will be given into the "wallet code" requested section after selecting the appropriate cryptocurrency on the exchange you will transfer.

Attention!
If you are transferring Tether (USDT) from Gateio, Binance or other exchanges, select "TRC20" instead of ERC20 in the "network selection" section. When you choose ERC20, the transfer fee will be much higher. However, with ERC20, you will pay a commission of 1 USDT. Of course, to do this, don't forget to select the TRC20 network in Gateio as well.