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Bitvavo makes Immutable X as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Immutable X is a layer 2 solution for Ethereum that makes it easier to buy, create, and trade digital assets like NFTs. The platform allows users to trade NFTs without losing a large portion of profits to transaction fees.
Immutable X is known for its speed and ease of use. NFTs can be traded quickly without long wait times, and the platform effortlessly processes thousands of transactions per second. This makes trading NFTs easier than ever, often without any transaction fees. These advantages have made Immutable X attractive to a wide range of users, including gamers, collectors, and artists.
This layer 2 solution is not only fast, but also secure and efficient. Users can confidently manage their digital assets. Whether you are an experienced trader or just starting out, the interface is intuitive and easy to use, even without deep technical knowledge. All of this makes Immutable X an attractive choice for anyone interested in NFTs and digital trading.
Immutable X was founded by Australian company Immutable, led by brothers James and Robbie Ferguson. With their extensive experience in technology and gaming, they were able to create a platform that perfectly responds to the growing demand for NFTs and blockchain gaming. Immutable has collaborated with renowned developers and projects in the gaming industry, which has contributed to the strong reputation of the platform. Immutable X already supports several popular games and NFT projects. The founders strive to make blockchain technology accessible to everyone.
Immutable X offers a variety of features, including the ability to create, buy, and sell NFTs without high fees. This means that users can easily own unique digital collectibles, such as digital art and in-game items. But that’s not all Immutable X has to offer:
Immutable X uses a technology called zk-rollups to function quickly and efficiently. This platform bundles transactions and then quickly processes them on the Ethereum blockchain, allowing for thousands of transactions per second. This is significantly faster than many other blockchain platforms.
This technology also strengthens the security of the Ethereum network, giving users the assurance that their digital assets are well protected. This is especially reassuring for investors new to the world of crypto and NFTs. Furthermore, Immutable X is environmentally friendly, as it reduces the energy required to execute transactions.
Immutable X’s high speed and low cost make it attractive to both new and experienced users. Whether you’re just starting out or have been in business for a while, everyone can benefit from the advantages this platform offers. It’s an excellent choice for anyone looking to explore the world of digital assets.
Immutable X's native token, called IMX, plays a crucial role within the Immutable X ecosystem. Users use IMX to pay transaction fees, participate in the community, and even mint NFTs.
One of the interesting aspects of IMX is the ability to stake the token. By staking your IMX tokens, users can earn rewards and at the same time contribute to the security of the network. In exchange for staking, users receive a share of the transaction fees generated by the platform, which gives them extra motivation to actively participate.
As Immutable X becomes more popular and more developers and users join the platform, demand for IMX could increase. This could potentially increase the value of the token, making IMX an interesting investment opportunity.
Staking IMX is easy and accessible to everyone. Users can place their IMX tokens in a staking wallet. By staking your tokens, you contribute to the operation and security of the network, and receive rewards in return for your contribution.
The staking process is very user-friendly. You can easily stake your IMX tokens via the official wallet or other platforms that support staking. The interface of Immutable X is designed to be easy to use, even for those without a technical background.
Additionally, there are often additional rewards available for stakers, which motivates users to keep their IMX tokens in the ecosystem and stay involved in the growth of Immutable X. Staking therefore not only benefits users, but also strengthens the entire network.
Immutable X distinguishes itself from other cryptocurrencies in several ways, including:
IMX can be bought at Bitvavo, a platform that is suitable for both novice and experienced traders. Follow these steps to buy IMX via our website or mobile app:
The price of IMX tokens is directly linked to the current market value. After purchase, the tokens are automatically added to your Bitvavo account, where you can easily manage and trade them. This allows you to respond quickly and accurately to market movements. Make sure you follow the news closely to stay up to date on developments in the crypto market.
Want to store your IMX tokens safely? You can easily do so via your Bitvavo account. The exchange stores the majority of its customers’ funds in secure offline cold storage. Despite the robust security measures, it is wise to activate two-factor authentication (2FA) for extra protection. This means that in addition to a password, you will need to enter an additional code when logging in.
Activating 2FA is easy, simply, download Google Authenticator (or another authenticator app) and link the app to your Bitvavo account. A unique code will then appear on the screen with which you can use to log in. This code changes regularly to ensure maximum security.
* This is for informational purposes only and is not advice, nor should it be relied upon as such.
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Trading digital assets involves significant risks. Digital assets are highly volatile and you may lose some or all of your investment. The information on this page does not constitute advice, and should not be relied upon as such. Bitvavo is authorized as a crypto-asset service provider under Regulation (EU) 2023/1114 (MiCA) by the Autoriteit Financiële Markten (AFM), Vijzelgracht 50, 1017 HS Amsterdam. More info can be found in our Risk Disclosure.
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