How to Buy Internet Computer (ICP)

Internet Computer (ICP) is a revolutionary blockchain protocol developed by the DFINITY Foundation. It aims to extend the functionality of the internet by enabling developers to build secure, tamper-proof, and decentralized applications directly on the open web—without relying on traditional cloud services or centralized infrastructure.

The ICP token powers the network by enabling governance, staking, and computational resource usage. Its innovative Chain Key Technology allows the Internet Computer to run at web speed and scale, supporting smart contracts (called “canisters”) that can serve web content directly to users.

From decentralized social media to enterprise-grade applications, ICP offers a powerful environment where data sovereignty and performance go hand-in-hand. 

1. Sign In or Create an Account
   Start by creating your Ndax account. The sign-up process is simple and quick, with an efficient identity verification system that gets you trading in no time.
2. Fund Your Account with Canadian Dollars
   You can fund your account securely using Canadian dollars through methods like Interac e-Transfer or Wire Transfer. Funding is fast, convenient, and fully compliant with Canadian regulations.
3. Purchase ICP
   With as little as $10 CAD, you can begin your Internet Computer journey. On Ndax, you can trade CAD for ICP instantly, with a competitive flat trading fee of just 0.2%. 

Once you've purchased Internet Computer (ICP), it's essential to store your tokens securely.

• Store on Ndax: Your assets are safeguarded with best-in-class security including cold storage and hot wallets protected by Multi-Party Computation (MPC), giving you easy access without compromising safety.
• External Wallet: Prefer full control? You can transfer your ICP to a compatible hardware or software wallet, allowing you to manage your private keys and take full ownership of your holdings. 

• Hold and Trade: Whether you’re investing for the long haul or actively trading, ICP can be managed effortlessly through Ndax's web or mobile platforms.
• Participate in Governance: ICP holders can participate in the Internet Computer’s governance system (Network Nervous System), influencing upgrades and decisions by staking ICP tokens.
• Build or Power dApps: Developers can use ICP to deploy smart contracts (“canisters”) and build decentralized applications directly on the blockchain—from social networks to enterprise software. 

• Security-First Platform: Ndax uses industry-leading security architecture to help protect your assets. With the majority of tokens held offline in cold wallets secured by MPC, your holdings are safeguarded against internal and external threats.
• Automated Investing: Grow your ICP holdings over time with recurring buys. Set it up for daily, weekly, or monthly purchases starting at just $10 CAD.
• Mobile Convenience: With the Ndax app, trading and managing ICP is always at your fingertips. Stay in control whether you're at home or on the move—available on both iOS and Android. 

The cryptocurrency market is volatile. Avoid missing out on trades by using Ndax’s unique trading options:  

• Limit Order: A buy or sell order that is executed at a specific price or better.  
• Stop Order: An order to Market buy or sell once a cryptocurrency reaches a designated price point.
• Trailing Stop Market Order: An order set at a specified dollar amount away from the last price, bid, or ask of a cryptocurrency.  
• Trailing Stop Limit Order: A limit buy or sell order that is triggered when a cryptocurrency reaches a user-defined trailing amount.  
• Fill or Kill (FOK) Order: A trade that must execute immediately and in full at a certain price; if it can’t be fully filled right away, the entire order is canceled.  
• Immediate or Cancel (IOC) Order: A trade that executes immediately, canceling any unfilled portions of the order.
• Reserve Order (Iceberg Order): A large trade broken down into multiple limit orders, with some portions visible and others concealed.

Disclaimer: This article is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for informational purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise. Ndax is a member of the Canadian Investor Protection Fund (CIPF). Please refer to the CIPF for coverage qualification criteria.