What can you do with GMX?

Learn more about GMX

1. How does GMX work?

   Unlike traditional currencies, GMX is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining GMX. This decentralization means the holders and users of GMX can help to maintain the network.

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2. Where can I buy GMX?

   Most find that the easiest and most secure way to purchase GMX is through a reliable cryptocurrency platform like Kraken. While GMX can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like GMX.

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3. How much does 1 GMX cost?

   At the current market rate, it costs $14.68 to purchase one GMX. Kraken makes it easy to buy & sell GMX with confidence.

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4. Can I buy $100 worth of GMX?

   Yes, Kraken offers a secure and easy to buy $100 worth of GMX. At its current price, $100 equals 6.81 GMX.

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5. Is it safe to buy GMX?

   Kraken employs advanced security measures, including encryption and account protection, to ensure your GMX purchase is secure. However, while Kraken provides a secure platform, market volatility can still affect your GMX investment. You should do your own research on GMX price before buying.

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6. Is GMX available to buy and sell in my country?
   

   
   To find out if Kraken offers GMX in your region, please check our Support article to see what cryptoassets are available in your country.
   

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7. Is GMX a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, GMX may be a worthwhile purchase.

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8. Can I purchase GMX using my local currency?
   

   Kraken supports six different government-issued fiat currencies including:
   

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. How much is GMX transaction fee?

   Kraken offers competitive fees for GMX transactions, which are influenced by the trading amount and payment type. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of GMX I can buy?

    
    You can buy as little as $10 worth of GMX on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of GMX regularly.
    

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11. How to buy GMX with PayPal?

    To buy GMX with PayPal on Kraken, deposit funds by selecting "Deposit" on your account homepage. Choose an asset like GMX, select PayPal as the method and connect your PayPal account if needed. Enter the deposit amount, confirm, and once funds are added, use them to purchase GMX.

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12. How to buy GMX with a debit card?

    You can buy GMX using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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13. How to buy GMX with a credit card?

    To buy GMX using a credit card, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.

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14. How to buy GMX with other cryptocurrencies?

    Kraken makes it easy to buy GMX using other cryptocurrencies. If the direct trading pair is not available, you can use Kraken's Convert feature to seamlessly swap any listed crypto for GMX. Browse the GMX markets available on Kraken or use the Convert tool to trade between hundreds of cryptocurrencies quickly and easily. For a complete list of trading pairs, visit the Kraken support center.

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15. Can I transfer GMX from Kraken to my crypto wallet?

    Yes, the GMX you buy on Kraken is yours. Kraken makes it easy to withdraw your GMX to any hot wallet or cold wallet that supports GMX. Simply enter the external wallet address and your GMX will be in your wallet a few moments later.

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16. Is it safe to keep GMX on Kraken?

    We take every measure possible to keep the GMX you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your GMX. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of GMX?

    The current circulating supply of GMX is 10,184,488 GMX.

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