Buy Internet Computer: A Comprehensive Guide on How to Buy ICP – Best Exchanges & Brokers

Internet Computer (ICP), a groundbreaking blockchain project, has gained significant attention since its launch. Its innovative approach to decentralized computing and scalability has drawn numerous investors. In this guide, we’ll show you simple, fast, and secure ways to buy and store Internet Computer (ICP). To keep it straightforward, we believe that Coinbase is the best platform to buy ICP. Why Coinbase?

The following table explains why Coinbase is the best choice for buying Internet Computer.

Buy Internet Computer on Coinbase

Internet Computer (ICP), a revolutionary blockchain platform, has gained widespread recognition for its ability to scale and provide decentralized computing. In this guide, we’ll show you simple, fast, and secure ways to buy and store Internet Computer (ICP). To keep things straightforward, we believe that Coinbase is the best platform to buy ICP. Why Coinbase?

Coinbase is a regulated crypto custodian with licenses worldwide. This means Coinbase adheres to stringent security standards and is supervised by financial authorities. Even BlackRock, the world’s largest asset manager, trusts Coinbase for the custody of Bitcoin in its Bitcoin ETFs. This highlights the top-tier security Coinbase provides.

While you have the option to use external wallets, Coinbase offers a highly secure environment for storing your ICP. Unlike some platforms that impose delays on withdrawals, Coinbase processes them promptly, ensuring quick access to your funds.

Another benefit is cost-effectiveness. Coinbase’s fees are highly competitive at 0.15%, which is considerably lower than the industry average. For comparison, Bison, a provider linked with the German stock exchange, charges a steep 1.5% for ICP transactions.

Coinbase places a high priority on user security with features like two-factor authentication, adding an extra layer of protection to your account. They also provide responsive customer support, typically replying within 24 hours. (We can personally confirm their support team’s effectiveness and friendliness.)

The platform itself is designed with user-friendliness in mind. Its intuitive interface is suited to both beginners and experienced traders. Additionally, with dedicated apps for Android and iOS, you can manage your ICP portfolio and make transactions effortlessly from anywhere.

Coinbase is one of the most popular and user-friendly platforms for buying Internet Computer (ICP). Here’s how you can buy ICP easily, securely, and quickly on Coinbase.

Step 1: Sign Up for Coinbase

Before you can start buying ICP, you need to create an account on Coinbase. Visit Coinbase.com and click “Get Started.” You will be asked to enter your name, email, and password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Coinbase requires you to verify your identity in compliance with regulatory standards. You’ll need to upload a government-issued ID and provide details such as your address and date of birth. This process typically takes only a few minutes.

Step 3: Add a Payment Method

To buy ICP, you’ll need to link a payment method. Coinbase supports several options, including:

• Bank Account: Link your bank account for lower fees and higher transaction limits.
• Credit or Debit Card: Great for faster purchases, although fees tend to be higher than bank transfers.
• PayPal: Coinbase also supports PayPal for deposits and withdrawals in certain countries.

Step 4: Buy ICP

Once your account is set up and your payment method is linked, you’re ready to buy ICP!

1. On the Coinbase dashboard, go to the “Buy/Sell” section.
2. Select Internet Computer (ICP) from the list of available cryptocurrencies.
3. Enter the amount of ICP you’d like to purchase, either in your local currency (e.g., USD, EUR) or ICP.
4. Choose your payment method (e.g., bank account, credit card).
5. Review the transaction details, including any fees, and click “Buy Now” to complete your purchase.

Step 5: Store Your ICP Securely

After purchasing ICP, it will be stored in your Coinbase wallet. For added security, it’s recommended to transfer your ICP to a personal wallet (like a hardware wallet from Ledger or Trezor) rather than keeping it on Coinbase, which is an online exchange.

Benefits of Buying ICP on Coinbase:

• User-Friendly Interface: Coinbase is renowned for its intuitive design, making it easy for beginners to navigate.
• High Security: Coinbase utilizes industry-standard security measures such as two-factor authentication (2FA) and insurance for funds held in the Coinbase Vault.
• Wide Payment Options: Coinbase supports multiple payment methods, including bank transfers, credit cards, and PayPal.

Buy Internet Computer on Binance

Binance is one of the world’s largest and most popular cryptocurrency exchanges, known for its robust security and user-friendly interface. Until recently (May 2019), it was not possible to directly buy Internet Computer (ICP) using Euro (EUR) or US Dollars (USD) on Binance. However, that has now changed, and you can easily purchase ICP with a credit card or trade ICP using other cryptocurrencies. In this guide, we will show you both options!

Step 1: Register on Binance

Unlike many other exchanges, Binance offers the option to verify your identity. While this step is optional, completing the verification process allows you to increase your daily withdrawal limit to 100 ICP. Without verification, the daily limit is 2 ICP, but you can still access all other platform features.

Step 2: Buy ICP with a Credit Card

To buy ICP via credit card on Binance, follow these steps:

1. Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and then select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose Internet Computer (ICP) as your cryptocurrency and select your payment currency (Euro or USD).
3. Enter Your Personal Information: Fill in your details in the provided fields.
4. Verify Email and Phone Number: You will need to verify your email and phone number using a code.
5. Proceed to Payment: After verification, click “Next” to enter your credit card information.
6. Upload ID for Verification: To complete the process, upload the front and back of your passport to verify your identity.

Important Notes Before and After Your Purchase

• ICP Price Fluctuation: The ICP amount displayed is based on the current price and may change. If the rate fluctuates by more than ±2.5%, you will be asked to reconfirm the transaction via email from Simplex, Binance’s third-party provider.
• Transaction Fees: Simplex charges a fee of 3.5% per transaction or USD 10, whichever is higher.
• Transaction Limits: The daily limit for purchases is USD 20,000 per user, and the monthly limit is USD 50,000. The minimum transaction amount is USD 50.
• Track Payment Status: After completing your purchase, you can check your payment status and deposit history through Simplex.

Step 3: How to Trade ICP on Binance

If you already own other cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), or Tether (USDT), you can deposit them into your Binance account and trade them for ICP. Here’s how to exchange Ethereum (ETH) for ICP:

1. Deposit Ethereum (ETH): If you already have Ethereum (ETH) on another exchange or wallet, you can directly send it to your Binance Ethereum wallet address. If you don’t have Ethereum yet, you can purchase it on a platform like Litebit. During the purchase process, simply provide your Binance Ethereum wallet address, so Litebit can transfer the ETH to Binance immediately after the transaction is complete.
2. Access the Deposit Section: Once logged in, click on “Funds” in the navigation bar and then select “Deposit.”
3. Find Your Ethereum Wallet Address: In the search box, type “ETH” and select “Ethereum” from the list. You will see your unique Ethereum wallet address, which you can use to transfer your Ethereum from another wallet or exchange to Binance.
4. Exchange Ethereum for ICP: Once your Ethereum has arrived in your Binance account, you can trade it for ICP by going to the “Markets” tab, selecting “ETH/ICP,” and placing an order.

Additional Trading Tips

• Leverage Trading: Binance also offers margin trading with leverage for advanced users, allowing you to amplify your trades and maximize potential profits (with higher risk). Make sure to fully understand leverage before using this feature.
• Security: Ensure you activate two-factor authentication (2FA) to protect your account. Binance offers various security features like cold storage for crypto funds and insurance coverage in case of major losses.

Buy Internet Computer on Kraken

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. Kraken is a highly secure and trusted platform for buying Internet Computer (ICP), adhering to strict security standards and being overseen by financial authorities. This ensures the safety of your assets. Kraken is also trusted by institutional investors, including major players in the financial world, for the custody of cryptocurrencies, which highlights the high level of security Kraken provides.

Kraken offers the flexibility to use external wallets, but it also provides a secure environment for storing your ICP. Unlike some platforms, Kraken processes withdrawals quickly, allowing you to access your funds in a timely manner.

When it comes to cost-effectiveness, Kraken’s fees are competitive. The platform’s trading fees are structured in a tiered system, with the lowest fees reaching 0.16% for makers and 0.26% for takers, which are notably lower than many competitors in the market.

User security is a top priority at Kraken, with features such as two-factor authentication (2FA) and advanced encryption to protect your account. The platform also provides responsive customer support, typically replying quickly when assistance is needed.

Kraken is designed to be user-friendly, catering to both beginners and advanced traders. Its intuitive interface is complemented by mobile apps for both Android and iOS devices, making it easy to manage your ICP portfolio and execute trades from anywhere.

Kraken is one of the most trusted and secure platforms to buy Internet Computer (ICP). Here’s how you can buy ICP securely and efficiently on Kraken.

Step 1: Sign Up for Kraken

To get started with buying ICP, create an account on Kraken’s platform. Visit Kraken.com and click on “Create Account.” You’ll need to provide your name, email, and set a secure password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires you to verify your identity to comply with financial regulations. You will need to upload a government-issued ID and provide personal details such as your address and date of birth. This verification process is important for security and may take a few minutes.

Step 3: Add a Payment Method

To buy ICP, you’ll need to link a payment method. Kraken supports several options, including:

• Bank Account: For lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, though fees tend to be slightly higher than bank transfers.
• Wire Transfers: For larger purchases, Kraken supports wire transfers in several countries.

Step 4: Buy ICP

Once your account is set up and a payment method is linked, you’re ready to buy ICP!

• On the Kraken dashboard, go to the “Buy Crypto” section.
• Select Internet Computer (ICP) from the list of available cryptocurrencies.
• Enter the amount of ICP you wish to purchase, either in your local currency (e.g., USD, EUR) or in ICP.
• Choose your payment method (e.g., bank account, debit card).
• Review the transaction details, including any fees, and click “Buy Now” to complete your purchase.

Step 5: Store Your ICP Securely

After purchasing ICP, it will be stored in your Kraken wallet. For enhanced security, it is recommended to transfer your ICP to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on Kraken, an online exchange.

Benefits of Buying ICP on Kraken:

• User-Friendly Interface: Kraken is known for its clear and easy-to-navigate design, making it simple for beginners to use.
• High Security: Kraken employs top-tier security measures such as two-factor authentication (2FA) and provides insurance for funds held in its vault.
• Competitive Fees: Kraken offers low, competitive fees, making it an attractive option for both small and large transactions.
• Multiple Payment Options: Kraken supports various payment methods, including bank transfers, credit cards, and wire transfers, to cater to different user needs.

Buy Internet Computer on Kriptomat

About Kriptomat

In contrast to the more established crypto exchanges, Kriptomat is a relatively new player in the crypto space, but it is equally trustworthy. On Kriptomat, you can buy over 30 cryptocurrencies directly with Euro, USD, and other currencies, and you can also send them to an external wallet. However, it’s important to note that Kriptomat is currently only available to users in Europe, so investors from regions like the USA cannot access the platform at this time.

Kriptomat’s focus is on providing an easy-to-use and modern user interface, making it an excellent choice for beginners. The platform has earned credibility with two licenses from the Estonian government, ensuring its reliability.

Another unbeatable advantage of Kriptomat is its transparent and competitive fee structure. Unlike other exchanges and brokers, Kriptomat does not charge a price premium. The price you see for Internet Computer is the actual spot price. Kriptomat only charges a nominal fee for each transaction, and these fees are clearly displayed during the order creation process. The deposit fees are as follows:

Set up a Internet Computer account on Kriptomat

Kriptomat adheres closely to the legal requirements set by the European Union, which means that full identity verification is required before buying Internet Computer. To begin, visit the official website at kriptomat.io and click on the orange “Register” button. A pop-up will appear asking you to enter your first and last name, email address, and a password.

After registration, Kriptomat will send you an email with a confirmation link. Click the link to verify your account. Once verified, you can log in to your Kriptomat account with your credentials. However, you’re not done yet!

Before you can start buying Internet Computer and accessing other features, you will need to verify your phone number. Kriptomat will send you an SMS with a verification code, which you must enter on the site. After this step, you must verify your full identity to proceed. To do this, click on the corresponding prompt to begin.

A pop-up window will open where you need to enter your address (street, house number, city, country) and upload a photo or scan of your passport or ID card. Kriptomat offers an efficient solution, allowing you to continue the process via smartphone. Just click the link in the SMS, and Kriptomat will send you a link to continue the verification.

You’ll then need to take a photo of your ID (front and back) with your smartphone and upload it. The final step requires a selfie for identity verification. Kriptomat allows you to use your smartphone camera to take a selfie directly.

For users who want to buy crypto using SEPA bank transfer, the next step is adding a bank account to your Kriptomat account. You can then deposit money via SEPA and use it to buy Internet Computer or other cryptocurrencies. If you’re using Neteller, Skrill, or a credit card, this step isn’t necessary. Once the registration process is complete, you can start buying cryptocurrencies without worrying about verification levels, as full verification has already been completed.

Buy Internet Computer on Kriptomat

Buying Internet Computer on Kriptomat is simple and intuitive. First, navigate to the “Buy/Sell” tab (Step 1), and then select the “Buy” tab (Step 2). In the next section, you’ll be able to select Internet Computer to purchase.

You can choose from four different payment methods (Step 3). For SEPA bank transfers (EUR), you need to add a bank account to your Kriptomat account. For other methods like credit card, Neteller, or Skrill, you can buy Internet Computer immediately without entering additional details.

In Step 4, you’ll need to enter the amount of Internet Computer (ICP) you’d like to buy. After entering your purchase amount, click “Buy Bitcoin” and you will see the transaction fees for the order. To complete the purchase, click “Confirm transaction.”

Kriptomat will confirm your purchase and redirect you to your “My Wallet” section. Within seconds, your purchased Internet Computer will appear in your wallet. You can find a video tutorial summarizing the purchase process for further guidance.

Buy Internet Computer at Anycoin

Anycoin is a well-established cryptocurrency exchange platform that offers a straightforward and secure way to buy and sell Internet Computer (ICP) and other cryptocurrencies. The platform is designed for both newcomers and experienced traders, featuring an intuitive interface and a variety of tools aimed at making cryptocurrency trading accessible and safe.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin provides a clean and easy-to-navigate platform, making it perfect for beginners and offering advanced features for more experienced traders.
2. Wide Selection of Cryptocurrencies: Anycoin supports a variety of cryptocurrencies, including Internet Computer (ICP), Bitcoin (BTC), Ethereum (ETH), and many more, allowing users to diversify their portfolios easily.
3. High Security Standards: Security is a top priority at Anycoin, with features like two-factor authentication (2FA) and SSL encryption to safeguard user accounts and transactions. This ensures your ICP holdings are well-protected from potential threats.
4. Low Fees: Anycoin offers competitive trading fees, making it an appealing choice for those looking to minimize transaction costs when buying and selling ICP and other cryptocurrencies.
5. Multiple Payment Methods: Anycoin provides several payment methods for purchasing cryptocurrencies, including bank transfers, credit cards, and PayPal, depending on your location.
6. Fast Transactions: Transactions on Anycoin are processed quickly, allowing users to purchase ICP without significant delays. This is particularly valuable for those looking to act swiftly in the market.
7. Support for Wallets: While Anycoin offers a secure wallet for storing your ICP, it’s also advisable to transfer your holdings to a personal wallet, such as a hardware wallet, for added security.
8. Dedicated Customer Support: Anycoin provides responsive customer support to assist with any inquiries or issues during your time on the platform.
9. Mobile Apps: Anycoin offers mobile apps for both Android and iOS, enabling users to manage their ICP portfolio and execute trades while on the go.

How to Buy Internet Computer (ICP) on Anycoin:

1. Create an Account: To begin, visit the Anycoin website and click on “Sign Up.” Enter your name, email address, and create a password. After registration, you will receive a confirmation email to verify your account.
2. Verify Your Identity: Anycoin will require you to complete a verification process in accordance with regulatory guidelines. This may involve uploading a government-issued ID and providing some personal information.
3. Link a Payment Method: To purchase ICP, link a payment method to your account. Anycoin supports multiple payment options, including bank transfers, credit cards, and PayPal.
4. Make Your Purchase: Once your account is verified and payment method linked, navigate to the “Buy” section, select Internet Computer (ICP), and enter the amount you wish to purchase. Review the transaction details and associated fees before completing the purchase.
5. Store Your ICP Securely: After purchasing ICP, it will be stored in your Anycoin wallet. However, for greater security, it’s recommended to transfer your ICP to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), for safer long-term storage.

Benefits of Using Anycoin for ICP:

• Simple and Easy to Use: Anycoin’s user-friendly interface makes it easy for beginners to start trading ICP while still offering advanced features for experienced users.
• Secure Platform: With strong security measures like 2FA and SSL encryption, Anycoin ensures that your funds and personal information are protected.
• Variety of Cryptocurrencies: On Anycoin, you can easily buy ICP as well as other popular cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH).
• Competitive Fees: Anycoin offers low transaction fees, helping users minimize the costs of trading ICP.
• Quick Transactions: Anycoin processes ICP purchases quickly, enabling fast access to your assets and allowing you to act swiftly in the market.

Buy Internet Computer at ByBit

Bybit is a popular cryptocurrency exchange platform that specializes in trading digital assets such as Internet Computer (ICP), Bitcoin (BTC), Ethereum (ETH), and more. Known for its advanced features and high liquidity, Bybit is particularly favored by experienced traders, especially those interested in leveraged trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers a comprehensive suite of trading tools, including spot trading, margin trading, and derivatives trading (futures contracts). The platform also provides advanced charting and technical analysis tools to help users make informed decisions when trading ICP and other cryptocurrencies.
2. High Liquidity: Bybit is known for its high liquidity, allowing users to execute large trades without significant slippage. This makes the platform ideal for day traders and those looking for long-term positions in ICP and other assets.
3. Leverage Trading: A standout feature of Bybit is its leverage trading, which allows users to amplify their positions and increase potential profits. While this offers exciting opportunities, it’s essential to understand the risks involved with leveraged trading.
4. User-Friendly Interface: Despite offering advanced trading tools, Bybit maintains an intuitive, clean interface that makes it accessible for both beginners and experienced traders alike. The platform’s design ensures users can easily navigate various tools and features.
5. Security Features: Bybit places a high priority on security with features such as two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover potential losses in extreme market conditions. These measures ensure the safety of user funds.
6. Mobile App: Bybit provides mobile apps for both Android and iOS devices, allowing users to trade and manage their ICP and crypto assets on the go. The apps offer the same powerful features as the desktop platform, ensuring flexibility for traders who need to stay connected to the markets at all times.
7. Fast Transactions: Bybit’s quick and seamless transaction execution speeds are among the best in the industry, ensuring trades are completed without delay, which is crucial in volatile crypto markets.
8. Referral Program: Bybit offers a referral program that rewards users for inviting others to join the platform, providing an additional way to earn while expanding the community.
9. Customer Support: Bybit offers 24/7 customer support, with live chat, email, and other communication channels available to resolve any issues users may encounter on the platform.

How to Buy Internet Computer (ICP) on Bybit:

1. Create an Account: Visit the Bybit website and click on “Sign Up.” Enter your email address and create a secure password. Once registered, you will receive a verification email to activate your account.
2. Verify Your Identity: To comply with regulatory standards, Bybit requires KYC (Know Your Customer) verification. You’ll need to upload a government-issued ID and provide some personal details to verify your identity.
3. Deposit Funds: Once your account is set up, fund your account by depositing cryptocurrencies like Bitcoin, Ethereum, or USDT (Tether) directly into your Bybit wallet.
4. Buy ICP: To buy Internet Computer (ICP) on Bybit:
   • Navigate to the “Spot” trading section on the platform.
   • Select ICP as the cryptocurrency you wish to purchase.
   • Choose your trading pair (e.g., ICP/USDT).
   • Enter the amount of ICP you want to buy and review the transaction details.
   • Confirm the purchase to complete the transaction.
5. Store Your ICP: After purchasing ICP, it will be stored in your Bybit wallet. For enhanced security, it’s advisable to transfer your ICP to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), for safekeeping.

Benefits of Using Bybit for ICP:

• Advanced Trading Options: Bybit offers advanced trading features like margin trading and leverage, which provide greater flexibility and opportunities for professional traders.
• Fast Execution and High Liquidity: Bybit ensures quick order execution and offers deep liquidity, making it ideal for active traders in the fast-moving crypto market.
• Security: Bybit prioritizes user security with two-factor authentication (2FA), cold storage, and an insurance fund to protect user funds.
• Mobile Trading: Bybit’s mobile app allows users to trade and manage their portfolios from anywhere, ensuring that you can stay connected with the market at all times.
• Competitive Fees: Bybit offers competitive trading fees, making it an attractive platform for traders looking to minimize costs.
• 24/7 Support: Bybit provides round-the-clock customer support to quickly resolve any issues or concerns.

Best Internet Computer wallet: Electrum

When using a desktop wallet, one of the best options for managing Internet Computer (ICP) is the Electrum Wallet. We will walk you through the steps to download and use it for your ICP transactions.

First, you need to visit the official website and download the wallet (click!). Once there, scroll down and click on the button labeled “Download Electrum.”

You will then be directed to a page where you will select the appropriate version of the wallet for your operating system. If you are using Windows, select the Windows version of the wallet. For example, click on “Windows Installer” if you are using Windows (see the red arrow in the image). If you want the Android app, select the corresponding installer for Android:

Once the file has been downloaded, click on the setup file. Choose a directory for the wallet to be installed and click “Install.” The installation should take less than two minutes. Once installed, click “Close.”

Congratulations: your wallet is now installed. To start the Electrum Wallet, double-click the Electrum icon on your desktop. When you open the software, it will prompt you to connect to a server. As a beginner, we recommend selecting “Auto connect” at this stage.

Next, the Electrum software will detect that you don’t have a wallet created yet. Click “Continue” to proceed. You can assign a name to the wallet if necessary. You will then have the option to choose different types of wallets. If you are new to this, we recommend selecting the “Standard wallet” option, which is free and works very well for most users.

Alternatively, you can create a “Wallet with two-factor authentication” for enhanced security. This option requires a smartphone and the Google Authenticator app, available on both the App Store and Google Play Store. There is a small cost for this added security, but we highly recommend it as it significantly improves the safety of your wallet.

Once you click “Next,” a seed phrase will be generated. We suggest using the “Segwit” address format, as it is more common than the older format. You will be presented with a list of 12 words—this is your recovery key for your wallet if you lose your password or if your computer fails. It is essential to write down the seed somewhere safe, ideally on paper, and store it securely.

In the next step, you will need to enter the seed phrase again for confirmation. After that, you will be asked to create a password. Make sure your password is long and includes numbers and special characters for added security. You will need this password each time you access your wallet, so keep it safe.

Now you are ready to use the Electrum Wallet. The “Receiving Address” for ICP will be located in the top right corner under the “Receive” tab. Copy this address and enter it at the exchange you’re purchasing from (e.g., Litebit). After entering the wallet address, choose your payment method and confirm the purchase. The transaction should be credited to your wallet within 24 hours.

If you have any questions or need help, feel free to leave a comment, and we’ll be happy to assist you!