How to Buy Indexed Finance (NDX) in 2021: A Simple Guide

Indexed Finance (NDX)In this guide you’ll get information about where to buy Indexed Finance token, if you are planning to buy NDX – You’re in the right place!

This is the platform focusing on passive (portfolio) management assets and strategies, constructed on Ethereum network. The idea is to replicate index funds behavior and implement it for the digital setting. This is basically a set of index pools with weighted capitalization which should be beneficial for investors or users who want to save their digital assets.

Moreover, it is the holders (of NDX governance token) that are responsible for the platform’s management. The NDX token would be used for protocol updates’ proposals and voting rights. Moreover, the token is also used for high index management, like the new management strategies creation and market sectors’ definition.

Indexed Finance (NDX) Features

  • Index Pools. This would be the first product on Indexed Finance platform, designed to help users have active funds management while earning profits and benefits (on the stock market) at the same time. With the index pools, asset management (on Ethereum construction) would be made simpler, especially for stock market.
  • Regular rebalancing effort. Index pools would rebalance the (underlying) assets so they can represent the market sectors better.
  • Governance. The NDX token have various functions, including new index pools deployment, token categories management, configuration values set up, pool controllers approval, and proxy implementation upgrade.
  • NDX token distribution. As the distribution token, the NDX has its own set of value where every distribution has been counted on and planned.
  • Keepers. They get 5% of allocation and locked through timelock contract. Once the keeper contract and bot testing has completed, the allocation will automatically transferred to the wallet automatically.
  • Index controller. This is the contract responsible for tracking set portfolio targets and token values by using adjusted special formula with capitalization weight.
  • Pool contract. Such a technology is designed and created to change the portfolio’s composition radically without having to access the external liquidity.
  • Contract changes. Primary changes to the contract allow pool management to act and move more dynamically. In this way, assets should be able to rebound, bound, and then gradually reweighed – all without having to access the external liquidity.

Where to Buy, Sell and Trade Indexed Finance aka NDX

You can basically use debit card, credit card, or even PayPal to buy the Indexed Finance (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Indexed Finance 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 Indexed Finance. 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:

  1. You go to the online exchange and buy the Ethereum or Bitcoin
  2. Find a crypto exchange that supports Indexed Finance currency and exchange your Ethereum or Bitcoin with the Indexed Finance
  3. Store your Indexed Finance 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.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

Get $10 Bonus when you sign up for Coinbase!

coinbaseClick here to register (opens in new tab)

  • 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 Indexed Finance, 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 Indexed Finance:

BINANCE
binanceBinance is  the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now. Binance.com is unable to provide services to U.S. citizens or residents.

  • Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
  • Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
  • Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
  • Trading Pairs: 1189+
GATE.io
gate.ioGate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions. Gate.io crypto exchange allows users in 49 states within the US to trade the spot crypto market except for Washington State and New York State.

  • Deposit Methods: Cryptocurrency Only
  • Fiat Currencies: N/A
  • Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 565+ more
  • Trading Pairs: 1118+
KUCOIN
kucoinKucoin is one of the most solid exchanges in the market right now. They started to operate back in 2017. They take regular payment methods such as wire and bank transfers as well as other cryptocurrencies. They have a presence both in the Google Play Store and the iOSAppStore. Kucoin also offers discount trading fees, as well as significant dividends on half the transactions they do. They have a presence both in the Google Play Store and the iOSAppStore.

  • Deposit Methods: Cryptocurrency, Express Polish Post Office 24/7, Wire transfer, GBP bank transfers
  • Fiat Currencies: USD, EUR, PLN, GBP and 47+ More
  • Supported Cryptocurrencies: BTC, ETH, XRP, BCH, TRX, LTC, DASH, XMR, XLM, OMG & 512+ more
  • Trading Pairs: 1044+

IMPORTANT! Once you are registered to any of the above, find the BTC/NDX or ETH/NDX 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 Indexed Finance (NDX) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

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 Indexed Finance (NDX) 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 Indexed Finance. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy Indexed Finance (NDX) 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 Indexed Finance (NDX) with Skrill?

You can’t buy NDX directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Indexed Finance. You can buy BTC/ETH with skrill by using these exchanges::

Can I Buy Indexed Finance (NDX) with Bitcoin?

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/NDX and begin the transactions.

Can I Buy Indexed Finance (NDX) with Ethereum?

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/NDX trading pair.

What Is the Best Payment Method to Buy Indexed Finance (NDX)?

The cheapest way is to use bank account to buy Bitcoins first or to buy the Indexed Finance right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect Indexed Finance (NDX)?

Once you have purchased the Indexed Finance, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

Ledger Wallet

Trezor Wallet

 

 

 

 

 

 

How to Sell Indexed Finance (NDX)?

Find a crypto exchange which allow pairing NDX with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

Can I Mine Indexed Finance (NDX) and Not Buying It?

You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Indexed Finance is to buy it from a reliable exchange.

Conclusion

As platform that is responsible for digital assets management, Indexed Finance has been equipped with the latest technologies, such as pool contract, blockchain technology, and so much more. The platform offers promising profit and future investment possibility with its technology and financial arrangement. In order to gain access to the platform, interested users will have to buy Indexed Finance (NDX) first and then reap all the benefits.

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