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Immutable X

imx

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Disclaimer: The information on these pages is for informational purposes only and does not constitute financial, legal or investment advice. While every effort has been made to keep the content as accurate and up-to-date as possible, errors or omissions may occur. Use of this information is entirely at your own risk. As the crypto market can be volatile and risky, we strongly recommend that you conduct your own thorough research and seek professional advice before making any investment decisions. The authors and publishers of this information are in no way liable for any losses or damages arising from the use of the information provided.

Immutable X

Immutable X

Immutable X is a layer-2 scaling solution for Ethereum that is designed specifically for non-fungible tokens (NFTs). Unlike traditional blockchain networks that face challenges with scalability and high transaction fees, Immutable X aims to provide a fast and cost-effective environment for minting and trading NFTs. Launched by Immutable, an Australian technology company, Immutable X uses Zero-Knowledge Rollups (ZK-Rollups) to facilitate instant trade confirmations and ensure that transactions remain secure while significantly reducing gas fees for users.

How does Immutable X work?

Immutable X operates by building on top of the Ethereum blockchain, utilizing its security and infrastructure while enhancing scalability for NFT applications. The primary components of its functioning include:

  • Zero-Knowledge Rollups: This technology allows for batch processing of transactions off-chain, which are then settled on-chain. This enables thousands of transactions to be processed simultaneously without overcrowding the Ethereum network.
  • Instant Trade Confirmation: Users can trade NFTs nearly instantly, benefiting from a seamless and user-friendly experience.
  • No Gas Fees: Immutable X eliminates gas fees for minting and trading NFTs, making it an attractive option for creators and collectors alike. Users only need to pay a small transaction fee when they withdraw assets to the Ethereum mainnet.
  • Decentralized and Secure: Although it operates off-chain, the security of transactions is maintained by settling final state changes on the Ethereum network, thereby ensuring that users’ assets are safe.

What should you know before buying Immutable X?

Before investing in Immutable X, it is essential to understand various critical factors:

  • Market Volatility: Like most cryptocurrencies, the value of Immutable X can be highly volatile. Be prepared for price fluctuations.
  • Understanding the Technology: Familiarize yourself with how ZK-Rollups work and the implications of layer-2 solutions for NFTs on Ethereum.
  • Regulatory Environment: The cryptocurrency market is continually evolving, and regulatory changes can impact the future value of Immutable X and other digital assets.
  • Research the Ecosystem: Explore the projects and companies that are building on Immutable X to determine its adoption rate and potential for growth.
  • Security Measures: Ensure you understand how to securely store and manage your Immutable X assets, especially if you are using various wallets or platforms for trading.

Why do people add Immutable X to their portfolio?

Investors consider adding Immutable X to their portfolio for several reasons:

  • Growth Potential: As the NFT market continues to grow, Immutable X positions itself as a primary player with its innovative technology.
  • Diversification: By including layer-2 solutions focused on NFTs, investors can diversify their cryptocurrency holdings beyond just traditional coins like Bitcoin and Ethereum.
  • Engagement with NFTs: With the increasing interest in gaming and digital collectibles, individuals wanting to participate in the NFT space may prefer using a platform with low fees and fast transactions.
  • Partnerships and Integrations: The continuous updates of notable partnerships can enhance the visibility and utility of Immutable X, increasing its adoption among developers and users.

How do you manage Immutable X yourself?

Managing Immutable X can be straightforward if you follow specific steps:

  • Create a Wallet: Begin by setting up a compatible wallet that supports Ethereum and NFTs, such as MetaMask.
  • Select a Platform: Use platforms that support Immutable X for trading and minting NFTs. Ensure you choose one suitable for your needs, whether for purchasing, selling, or creating assets.
  • Stay Updated: Follow news and updates from Immutable and related NFT projects to keep informed about developments, partnerships, and ecosystem changes that might affect your investment.
  • Secure Your Assets: Use recommended security measures, such as enabling two-factor authentication and using hardware wallets for high-value assets.
  • Track Performance: Regularly monitor the performance of your Immutable X holdings, staying aware of market trends and price movements.

In conclusion, Immutable X presents a unique opportunity in the expanding cryptocurrency and NFT space. Understanding its functionality, market conditions, and your investment strategy will help you navigate the experience effectively.

Immutable X buy with iDEAL

To make Immutable X purchase even easier, iDEAL is a service that allows you to buy crypto such as Immutable X with your bank account. Instead of doing this through a separate website, iDEAL works together with other payment methods in the Knaken app so you can jump straight into Immutable X. Before buying Immutable X with iDEAL, it’s helpful to first check the Immutable X price. Here are the steps to take to purchase Immutable X with iDEAL:
  1. Open an account with Knaken: create an account at Knaken and complete the verification process.
  2. Buy Immutable X from the dashboard or via the app: Click 'buy' next to Immutable X on the dashboard and purchase Immutable X with iDEAL.
  3. Manage your Immutable X: check your balance and the live Immutable X price on your dashboard.
Once you know these steps, you'll see that buying Immutable X with iDEAL can be safe and simple.

Best Immutable X price

The price of Immutable X is constantly fluctuating and is influenced by various market factors. It's important to always keep an eye on the current price before deciding to invest. At Knaken, you are assured of one of the best Immutable X prices on the market, thanks to their transparent prices and low transaction fees. This way, you always know you're paying a fair price, whether you’re buying or selling Immutable X.

Safely storing your purchased Immutable X

Once you have bought your Immutable X, you need to take extra steps to secure your coins. A safe place to store your Immutable X is in a 'non-custodial' wallet. However, it's important not to confuse these wallets with the wallet address you have on the blockchain. Blockchain wallet addresses are the public addresses people use to send and receive Immutable X. All Immutable X wallets also have a private address, represented by the private keys. With these private keys, you can access that Immutable X wallet anywhere. Exchanges are the ones who hold the private keys for their Immutable X wallets, making them 'custodial wallets.' Non-custodial wallets are those where only you have access to the keys. Generally, a hardware wallet with a private key is the best place to store your Immutable X. The hardware wallet takes the coins offline, so transactions can't request the coins in your wallet. Transferring Immutable Xs to a hardware wallet is similar to sending Immutable X to someone else. Once you have the public address of the hardware wallet, you send your Immutable X to that wallet and pay the transaction fees. Once the Immutable Xs are transferred to the hardware wallet, you can disconnect it from the internet and know that your Immutable Xs are now safe. It’s important to keep your wallet, private key, and login information in a secure place to prevent theft. It's also important not to lose your wallet, private key, and login information. If you do, you may not be able to access your Immutable X. If you don't want to worry about this, you can store your crypto in your Knaken account.

Buy Immutable X with iDEAL

In addition to Immutable X, Knaken.nl has a large portfolio of coins like: Raydium,Ethereum, Litecoin, Ripple, Dogecoin, Terra, Shiba Inu, Tether, Polkadot, Chainlink, Stellar Lumens, Tron, Uniswap, Dai, Aave and Algorand.

More information about the Immutable X price

In addition to all the information about the Immutable X prices, Knaken.nl has a large portfolio of coins and price information such as the Immutable X price, Ethereum price, Solana price, Ripple price, Dogecoin price, USD coin price, Tether price, Cardano price, Polkadot price, Chainlink price, Litecoin price, Stellar Lumens price, Axie Infinity price, Tezos price, Ethereum classic price, Decentraland price, Nano price, Loopring price and Cosmos price.

FAQ

Make sure you have an account with Knaken. You can register in the app or on the registration page. Then verify your personal details, and you're ready to buy Immutable X. You can select Immutable X in the app or web portal, choose an amount, and pay directly using iDEAL, for example.

Yes, at Knaken, you can easily buy Immutable X with iDEAL, Credit Card, or Bancontact. Check all the options on our fees page


You can find the current price of Immutable X at the top of this page.

At Knaken, we believe it\'s important to be as transparent as possible about the fees charged to our customers. You can view these fees for each purchase or sale of Immutable X. Check out our fees on our fees page.

At Knaken, safety comes first. For years, we have ensured that you can not only buy crypto safely on our platform but also store it securely.

Search for Immutable X in the app or web portal and select “deposit” in the options. You will see the deposit address where you can send the crypto. Make sure to deposit Immutable X from a verified wallet address with Knaken.

If you prefer personal assistance, you can sign up for our free transfer service.

Yes, search for Immutable X in the app or web portal and select the withdraw button in the options. Note that you can only withdraw Immutable X to a verified wallet address.

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Knaken Cryptohandel B.V. is registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB supervises Knaken Cryptohandel B.V.'s compliance with the Money Laundering and Terrorist Financing (Prevention) Act and the Sanctions Act 1977. Knaken Cryptohandel B.V. is not subject to prudential supervision by DNB or conduct supervision by the AFM. This means that there is no supervision of financial requirements or business risks and there is no specific financial consumer protection.

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