As of now, there is no way to directly trade ICP on Coinbase. ICP is not listed on any of the major exchanges like Binance, Kucoin, or Huobi.
However, there is a workaround that will allow you to indirectly trade ICP.
First, you will need to acquire some Ethereum. You can do this by purchasing ETH with your fiat currency of choice on Coinbase or another major exchange.
Once you have ETH, you can transfer it to an exchange that lists ICP. Binance and Kucoin are two popular choices.
NOTE: Warning: Coinbase does not currently offer trading for ICP tokens. Be aware of any websites, email messages, or other communications claiming to offer trading of ICP tokens on Coinbase. Such sites may be attempting to fraudulently obtain your personal information or funds.
Once your ETH arrives on Binance or Kucoin, you can then trade it for ICP. Keep in mind that you will likely incur some trading fees when making this transaction.
However, as of now, this is the only way to trade ICP.
In conclusion, there is no way to directly trade ICP on Coinbase. However, by acquiring ETH and transferring it to an exchange that lists ICP, you can indirectly trade ICP.
Keep in mind that you will incur some trading fees when making this transaction.
6 Related Question Answers Found
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An ICO, or Initial Coin Offering, is a new way to raise capital for all sorts of companies and projects. Like an IPO, an ICO allows investors to buy into a company at its early stages, in the hopes that the company will be successful and the value of the tokens will go up. However, ICOs are usually much less regulated than IPOs, and there have been a number of scams associated with them.
It’s no secret that cryptocurrency exchanges are a hotbed for scams and hacks. In fact, a recent study by Zer0day found that over $1 billion worth of cryptocurrency was stolen from exchanges in the first half of 2018 alone. So, it’s no surprise that many people are wondering if Coinbase, one of the largest and most popular exchanges, is safe to use.
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