In this guide you’ll get information about where to buy ILCOIN, if you are planning to buy ILC – You’re in the right place!
The platform focuses on data storage and it runs on on-chain mechanism. It means that everyone (individuals or businesses) can make use of the platform to deal with the data issues, especially when related to the storage capacity. This is the platform that is created not only to provide solid foundation to ILCoin crypto, but also to enable transparent and secure data storage. The platform makes it possible through decentralized apps and smart contracts management – which runs on ILCoin (blockchain) system.
Its own blockchain network is the DCBS – Decentralized Cloud Blockchain System, which is managed and secured by an SHA-256 C2P (Command Chain Protocol) that is quantum resistant. With better technologies and safer environment, the system should be resistant to attacks. Moreover, with the fact that it is considered a BTC alternative, the platform itself has a promising and fruitful future.
Table of Contents
ILCOIN (ILC) Features
- Defensive Blockchain Approach. It about better security and defensive mechanism. The platform focuses and emphasis on the security of the platform – and they are highly committed to it. This is the requirements (faced by the platform) to provide safe, secure, and trusted data storage. Because of the requirements, they are motivated to always do their best, and it includes addressing any security issue before they can move to the next step or solve other problems.
- C2P or Command Chain Protocol. This is the security element with revolutionary and advanced defensive system that is responsible for the prevention of hacking attempts and also cyber attacks.
- RIFT Protocol. This is the one responsible for the common scalability issue that often happens to blockchain technology. This system makes it possible for the network to have a solid on-chain arrangement for effective and efficient data storage.
- DCB or Decentralized Cloud Blockchain. This is the first data storage environment in the world, running on decentralized and blockchain technologies. Users should be able to enjoy a wide array of data storage management without any limitation.
- C3P – Command Chain Consensus Protocol. Aside from the secured C2P system, this would be the improved defensive system. It has been upgraded to focus on providing extremely solid and secure construction and structure.
Where to Buy, Sell and Trade ILCOIN aka ILC
You can basically use debit card, credit card, or even PayPal to buy the ILCOIN (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the ILCOIN as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to ILCOIN. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum or Bitcoin
- Find a crypto exchange that supports ILCOIN currency and exchange your Ethereum or Bitcoin with the ILCOIN
- Store your ILCOIN to a secured wallet
Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase
There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.
Get $10 Bonus when you sign up for Coinbase!
- You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
- Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
- You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.
That’s the first step in buying ILCOIN, once you get your Bitcoin or Ethereum, you can continue to the next step.
Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH with ILCOIN:
IMPORTANT! Once you are registered to any of the above, find the BTC/ILC or ETH/ILC trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your ILCOIN (ILC) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy ILCOIN (ILC) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the ILCOIN. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy ILCOIN (ILC) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy ILCOIN (ILC) with Skrill?
You can’t buy ILC directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to ILCOIN. You can buy BTC/ETH with skrill by using these exchanges::
Can I Buy ILCOIN (ILC) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/ILC and begin the transactions.
Can I Buy ILCOIN (ILC) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/ILC trading pair.
What Is the Best Payment Method to Buy ILCOIN (ILC)?
The cheapest way is to use bank account to buy Bitcoins first or to buy the ILCOIN right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect ILCOIN (ILC)?
Once you have purchased the ILCOIN, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell ILCOIN (ILC)?
Find a crypto exchange which allow pairing ILC with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine ILCOIN (ILC) and Not Buying It?
Yes, you can.
This would be a perfect platform for those looking for a effective, stable, and secure data storage without compromising performance or reliability. Individuals or businesses can definitely make use of it without compromising privacy and safety. Smart contracts, decentralized system, and blockchain technology make a good combination for reliable service. However, the only way to join the platform is through joining the platform, so users have to buy ILCOIN (ILC) first.