Why buy Immutable X with Kraken?

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Immutable X FAQ

Learn more about Immutable X

1. How is Immutable X different from normal cash?

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

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2. Where can I buy Immutable X?

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

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3. How do beginners buy Immutable X?

   While Kraken makes it easy for anyone to buy Immutable X, beginners should first do their own research (and may consider seeking professional advice) before making decisions about whether or not to buy digital currencies. After learning about Immutable X in the Kraken Learn Center, beginners can use Kraken to buy Immutable X in moments with as little as $10.

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4. Is Immutable X available to buy and sell in my country?

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

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5. Is Immutable X 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, Immutable X may be a worthwhile purchase.

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6. Can I purchase Immutable X 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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7. What are the transaction fees for buying Immutable X?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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8. What is the minimum amount of Immutable X I can buy?

   You can buy as little as $10 worth of Immutable X on Kraken. Kraken also allows you to set up recurring buys so you can continuously accumulate small amounts of Immutable X regularly.

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9. Can I buy Immutable X with a debit card?

   Yes, you can buy Immutable X using a debit card on Kraken.

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10. Can I buy Immutable X with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Immutable X using hundreds of other cryptocurrencies. Browse the Immutable X markets available on Kraken to see how much it costs to buy Immutable X with other cryptocurrencies.

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11. How can I keep my Immutable X safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Immutable X. When you choose to keep your Immutable X on Kraken, it is secured by our globally-recognized security standards.

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12. Can I set up automatic recurring buy orders for Immutable X?

    Yes, Kraken makes it easy to automatically buy Immutable X on a recurring basis. Recurring buys, also known as dollar cost averaging, is a way to continuously increase your asset holdings without needing to manually place an order each time.

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13. Will I owe taxes when buying and selling Immutable X?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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14. Can I transfer Immutable X from Kraken to my crypto wallet?

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

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15. Is it safe to leave my Immutable X on Kraken?

    We take every measure possible to keep the Immutable X 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 Immutable X. Learn more about our globally-recognized security standards.

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16. Can I pay for online goods and services using Immutable X?

    Yes, as long as the seller is willing to accept Immutable X in return for the goods and services you are purchasing.

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17. What is the current circulating supply of Immutable X?

    The current circulating supply of Immutable X is 1,287,653,341 IMX.

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