Discover how to buy Illuvium (ILV) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Illuvium (ILV) is currently at
$5.7910
$0.077000 (+1.33%)
Last updated on --.
How can I buy Illuvium on OKX?
Whether you're new to crypto or an experienced trader, you can buy Illuvium using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Illuvium
Select Illuvium and buy using your chosen method.
Step four
Receive your Illuvium
Confirm your purchase and store your Illuvium in your portfolio.
What's Illuvium?
Illuvium is a digital token used in a virtual world where players explore and capture creatures called Illuvials. Think of it like a special coin you use to play a game. It exists to make the game more fun and interactive, allowing players to trade, battle, and earn rewards. Illuvium solves the problem of creating a decentralized gaming experience where players truly own their in-game assets.
How can I buy Illuvium?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Fund your account using a bank transfer, credit card, or other local payment methods available in the United States. 3) Once your account is funded, search for Illuvium and place a buy order by entering the amount you wish to purchase and confirming the transaction.
Why do people buy Illuvium?
People buy Illuvium to participate in its gaming ecosystem, where they can capture and trade Illuvials. It offers a unique gaming experience with real ownership of digital assets. Illuvium is part of a growing trend in blockchain gaming, providing users with a decentralized platform to engage with. However, it's important to understand the limitations, such as the need for technical knowledge and the volatility of digital assets.
Things to know before buying Illuvium in the United States
In the United States, cryptocurrencies like Illuvium are legal but subject to regulations. Users must complete KYC and AML verification when setting up accounts. Tax implications include reporting capital gains from trading and income from staking. It's crucial to keep records of transactions for tax purposes. Always stay informed about changes in regulations to ensure compliance.
What are other ways to own Illuvium?
Besides buying, users can obtain Illuvium through airdrops, where tokens are distributed for free, or by participating in Learn-and-Earn programs. Staking Illuvium or providing liquidity can earn rewards, but these require understanding the risks involved. Task-based programs, like referrals, may offer Illuvium as a reward. Each method involves different levels of effort and risk, so research is essential.
How can I store my Illuvium?
To store Illuvium safely, consider the risks of loss, hacks, and theft. Custodial storage means trusting a third party, while non-custodial storage gives you full control. Hot wallets are convenient but less secure than cold wallets, which are offline. Basic safety practices include backing up your wallet, securing recovery phrases, and understanding proof of reserves. Choose a storage method that balances security and convenience.
Why should I buy Illuvium on OKX?
Learn more about the security measures keeping your Illuvium safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Illuvium (ILV)
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How to get Illuvium for free
Invite friends, earn rewards
See how you can get free Illuvium when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Illuvium grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free Illuvium airdropped to you when you join campaigns.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Illuvium
Take advantage of price fluctuations and trade your Illuvium for other cryptocurrencies.
Send Illuvium
Send your Illuvium anywhere, anytime with fast, low-cost transfers.
Spend Illuvium
Use your Illuvium to pay for goods, services, and experiences seamlessly.
Hold Illuvium
If you think your Illuvium will increase in value, you can hold onto it.
Sell Illuvium
Convert your Illuvium to cash quickly and securely.
How to buy Illuvium (ILV) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Illuvium ILV safely on a trusted exchange like OKX.
Choose the best exchange to buy Illuvium (ILV) depending on your individual needs. Factors to consider when picking the best place to buy Illuvium (ILV) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Illuvium. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Illuvium (ILV), as well as fiat withdrawal options.
This depends on the method you use to convert Illuvium (ILV) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.