Finding crypto that is new on the market and has potential is difficult. Have you heard about Illuvium? It is one of the cryptos that have got potential. Well, if you are new to crypto then here is a post that will tell you how to buy Illuvium.
Illuvium is a cryptocurrency used in the Illuvium blockchain game. The game is not released yet. The latest cryptocurrency was released in the first quarter of 2022. Well, it is not a bad idea to invest in the newly launched cryptocurrency. We know that you need a solid reason to trust. So, don’t worry, we will give you reasons for this.
Illuvium is considered to be the first AAA blockchain-based game. The Illuvium game has two in-game tokens, ILV, and sILV. If you hold an ILV token, you can partake in staking, yield farming, and governance of Illuvium DAO. If you wish to stake your token, you may be rewarded with sILV or ILV.
Here is a complete post that will provide you with details related to Illuvium, how to buy Illuvium or invest in Illuvium, and other things. So, let us start with the post on how to buy in Illuvium or invest in Illuvium.
Current Value Of Illuvium
- The current market rank of the Illuvium cryptocurrency is 152 according to Coinmarketcap rankings.
- The price of Illuvium is $552.07 currently.
- The current market cap of ILV is $35,50,01,443.
- The circulating supply of the coins is 643,036 ILV.
- The total supply is 7,000,000 ILV with a maximum supply of 10,000,000 ILV.
- The all-time high of the coin is $2868.95.
- The all-time low is $29.77.
Also Read: Top 6 Metaverse Coins With Highest Return Value In Future
Reasons To Purchase Or Invest In Illuvium
Let us get an answer to how to buy Illuvium or invest in Illuvium after knowing the reasons to invest here.
1. Limited Supply
The Illuvium coins have a maximum supply of 10 million. The estimated users are around 106 million worldwide. So, the pool is not huge. Once the game is launched, the demand for the coins is expected to rise. The prices of the coins are going to rise to great heights with the launch of the game. So, it is the best time to invest in Illuvium.
Players are rewarded with Illuvium when they win any competition. They can even participate in the Decentralized Autonomous Organization(DAO) with this. Players are allowed to collect NFT pieces for trade, battles, or in-game exchanges for money. So, they can buy Illuvium by ordering NFT in the competition.
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3. Staking Benefits
Players can enjoy staking benefits by investing in Illuvium. You can stake your coin and claim rewards. Suppose you stake your token after two months, you will have two options to claim rewards. First is, either claim it as an in-game currency or secondly claim it as ILV. If you choose the first option, you can use it immediately, otherwise, you need to lock it for another year. But you will enjoy compound interest over it.
There are no high fees for trading, instead, it charges zero fees. Investment in this newly launched cryptocurrency can help you earn profits in the future. You can invest now and earn huge profits when the prices rise in the future.
As we have got various reasons to invest in Illuvium, now we can move further.
Also Read: How Metaverse Will Affect Crypto | Future Of Metaverse & Crypto
Where To Buy Illuvium?
If you want to know how to buy Illuvium, it is important to know where you can buy it. There are a few exchanges that allow users to buy Illuvium cryptocurrency. These are the exchanges where you can purchase Illuvium cryptocurrency.
You can easily purchase and invest in Illuvium from any of these platforms. As we know from where we can buy Illuvium, let us get an answer to how to buy Illuvium.
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How To Buy Illuvium?
If you want to purchase or invest in Illuvium, you need to follow the following steps. Let us discuss the steps on how to buy Illuvium one after the other.
1. Check Out Exchanges
Many cryptocurrency exchanges allow their users to buy Illuvium. These exchanges offer different services to their users. Some may be good in customer service, while others may be better in usage. So, you can compare these exchanges and their services.
2. Create An Account
Once you have compared these exchanges and found the right one for yourself, you can create an account. You require an email address to create an account. You may even need to add a photo and mobile number also.
Also Read: Things To Keep In Mind Before Investing In Metaverse Cryptocurrencies!!
3. Identity Verification
The next step is the verification of identity. You need to go through a KYC process. It may require a photo ID, address proof, bank statement, and other things. Some exchanges may skip this KYC process. Once you have completed the KYC process, you can enable two-factor authentication for better security.
4. Fund Deposit
It is time to deposit funds to buy ILV. You can deposit a local currency or choose to transfer cryptocurrency from another wallet or exchange. If you choose bank transfers, it would usually be free but check for confirmation. Credit or debit cards usually charge fees but allow you to make instant purchases. If choosing a cryptocurrency exchange, you will trade it for some other cryptocurrency like Ethereum, bitcoin, etc.
5. Purchase Illuvium
Finally, it is time to purchase ILV. You can do it with the instant buy feature. It is quite expensive. You can also go for opening a trade in the spot market and set your price. Do check the market conditions before purchasing.
6. Store The ILV
You can now store the ILV purchased by you in a wallet. You can go for hardware wallets as they are the safest ones to store cryptocurrency. Be careful before choosing a wallet.
You can also follow these steps on how to buy Illuvium or invest in Illuvium and easily purchase Illuvium coins.
Also Read: Best Hardware NFT Wallets Of All Times | 10 Best Hardware Wallets
Illuvium has now started gaining people’s attention. We hope you have got an answer to how to buy Illuvium or invest in Illuvium. If you are still left with any sort of queries, don’t hesitate to ask us in the comments. Don’t forget that we are not an investing site. Cryptocurrency investment is completely your decision and we don’t recommend any such activity. Do your research before making any investment.
Frequently Asked Questions
Q1. Where Can I Trade Illuvium?
A. You can trade Illuvium at various exchanges such as Crypto.com, Gemini, etc.
Q2. Do You Have To Pay To Play Illuvium?
A. There is no need to hold tokens to play Illuvium. The game is free to play.
Q3. Can I Make Money Playing Illuvium?
A. Yes, you can earn in-game rewards in the form of ILV tokens by involvement in quests and competitions.