IMX to INR Converter

How to invest in ImmutableX (IMX) on CoinSwitch?

Once you’ve set up your account, here are some steps to follow if you are looking to buy ImmutableX (IMX) via CoinSwitch.

• Log in to the CoinSwitch app or portal using biometric authentication or your personalized pin code.
• Locate the search button on the top right-hand corner of the home screen and type in “ImmutableX (IMX).”
• After selecting the coin, click on the Buy button at the bottom left of your screen.
• Choose the type of order you want from the available options: Instant, Limit, or Systematic Investment Plan.
• Enter the Indian National Rupee (INR) amount you want to invest in ImmutableX (IMX).
• Preview your order and click Buy.

So long as you have enough funds in your CoinSwitch wallet, the transaction will go through. Soon after, you will receive an order confirmation. Depending on the order type, your investment will be recorded in the relevant section of your portfolio on the app. To find the Portfolio section, look at the bottom ribbon.

Order types on CoinSwitch

Before we proceed, here’s a quick word on the different orders on offer on CoinSwitch, and how to place them.

• Instant: Instant orders get fulfilled immediately, provided there’s enough liquidity. When you select an instant order, enter the INR amount you want to invest. The conversion rate in relation to the crypto you have chosen is shown based on the market price. You can find your investment proof in the Portfolio section on the app after a short while.

• Limit: The limit order option is useful when buying crypto at a specific price. With these orders, you don’t want to wait for the price to hit your target. Once placed, limit orders take care of themselves and get executed in the background on their own. Users can also choose whether they want to receive a notification when this happens. All investments appear in the app’s Portfolio section after a short while.

• Systematic Investment Plan (SIP): SIPs are great tools for cost averaging your investments and HODLing. In other words, they are a good option when you want to make a long-term investment. While buying an SIP, you simply select the amount of money you want to invest every month and click confirm. Then, you must ensure that you have enough funds to fulfill these orders each month. Once you’ve given the instruction, the app will periodically deduct the money from your wallet.

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user’s own risk.