Internet Computer is busy redefining how the public internet will function one day and its no surprise that the ICP token is registering a strong rise with investors rallying behind it
Internet Computer (ICP) has risen by more than 10% in the last 24 hours. It is a strong project that claims to change the way we surf the internet. It is building the public version of the internet and is a direct challenger to not only established coins like Ethereum but also major companies that host servers and provide the backbone for the current internet network.
Read on to learn more about what this project is all about and where to purchase this token.
How & where to buy Internet Computer in the UK and elsewhere
If you would like to purchase the ICP token, you will need to sign up with a broker/exchange platform and register an account. Many investors want to learn more about this exciting new project that can redefine how we use the internet. We have shortlisted two of the best platforms that are regulated and safe to purchase cryptocurrency tokens.
You should avoid decentralised exchanges because they are not well regulated.
As ICP is such a new asset, it’s yet to be listed on major exchanges. You can still purchase ICP using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ICP right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for ICP
Now that you’re connected, you’ll be able to swap for 100s of coins including ICP.
What is Internet Computer?
The ICP token provides governance power to its holders and it is the driving force behind the Internet Computer Protocol which is used to run a completely decentralised version of the public internet. The foundation behind it is called Dfinity and it plans to democratise the internet by allowing anyone to host applications and sites directly onto the internet. This will reduce dependence on big tech companies like Amazon web services or Google.
Since the servers are not under the control of any single entity but are decentralised, ICP seeks to break the current monopoly of big companies that often tend to dictate rules to developers.
Should I buy ICP today?
ICP solves an interesting problem plaguing the current version of the internet. Developers, app designers or even a layman could launch a site or an app on Internet Computer easily without having to go through a lengthy approval process. ICP was trading at $73 at the time of writing.
ICP one-day chart: CoinMarketCap
The price of the token has fallen a lot in the recent past but yesterday might have just sparked a recovery. With a strong use case, the price may recover quickly which makes it a strong currency to trade and even long term investors could benefit greatly from investing in the token.