How to Buy GMX (GMX)

Interested in buying GMX (GMX) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy GMX (GMX) instantly wherever you are! Check out all the ways you can buy GMX on KuCoin.

Buy GMX (GMX) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy GMX (GMX)

Use a variety of payment options to buy GMX on KuCoin. We'll show you how.

Choose How You Want to Buy GMX on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying GMX (GMX).

Buy GMX (GMX) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy GMX (GMX). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired GMX (GMX) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for GMX (GMX).

Tip: KuCoin offers a variety of order types to buy GMX (GMX) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available GMX (GMX) in your Trading Account.

Video Tutorial

How to Buy Crypto on the Spot Market Web

How to Buy Crypto on the Spot Market App

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How to Store GMX (GMX)

The best way to store GMX (GMX) varies based on your needs and preferences. Review the pros and cons to find the best method of storing GMX (GMX).

Store GMX in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your GMX in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your GMX (GMX) to a non-custodial wallet. Storing GMX (GMX) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your GMX (GMX) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your GMX (GMX).

What Can You Do with GMX (GMX) on KuCoin?

Hold

Store your GMX (GMX) in your KuCoin account.

Trade

Trade GMX (GMX) in the spot and futures markets.

Earn

Earn passive income by staking or lending GMX (GMX).

Why Is KuCoin the Best Platform to Buy GMX (GMX)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy GMX and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying GMX (GMX) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain GMX in an instant when you buy on KuCoin.

Trade

Spot

Futures

GMXUSDTM

‎$ 35.64000000

-0.30%

Futures

FAQ

Is GMX (GMX) a Good Investment?

As the governance and utility token of a popular DEX, the GMX token could be an interesting addition to your crypto portfolio. With the increased interest in decentralized finance (DeFi), the GMX exchange could attract more traders, making its token more valuable and supporting an uptrend in the GMX token price.

The GMX price could make gains not only when the number of users trading on its platform increases but also as it lists more crypto assets. In addition, as GMX goes live on more blockchain networks in the future, it could support more assets for trading and swapping, attracting more users and driving up on-chain activity, which could boost the GMX price statistics.

The price of GMX could also strengthen as the market sentiment towards cryptocurrencies improves in the future. A bullish market sentiment increases trading activity across the spot and perpetual markets. It could drive up GMX DEX’s trading volumes and revenues, increasing the value of GMX crypto in the market.

What is the GMX Crypto Price Prediction?

Although it is impossible to offer an accurate GMX price prediction over any duration, based on an analysis of its price history, the following factors could influence price changes in the GMX token:

Level of Adoption of GMX Exchange

A higher number of traders using the GMX platform to perform token swaps or trading could support the GMX to USD price in the market. However, if the platform faces stiff competition from other DEXs that offer more competitive fees and exciting features, a dip in trading activity could weaken the price of GMX crypto in the market.

Services and Offerings

When GMX lists new tokens supported on its platform for swaps and trading or adds new features, it could encourage higher activity that could send the price of GMX token higher in the market. In addition, the market cap and value of GMX crypto could pick up in the future as developers expand the DEX to operate on more blockchains beyond Arbitrum and Avalanche.

Market Sentiment

As a decentralized exchange’s utility token, the price of GMX token depends heavily on the crypto market sentiment. A bullish mood among investors could encourage more trading and swapping activity, earning the DEX and GMX token holders more revenue and supporting the price of GMX. On the other hand, when investors stay away from the market due to a risk-off mood, the trading activity, and volumes on GMX dip, causing weakness in the GMX token price.

What is GMX Token Used For?

The following are the most popular use cases for the $GMX cryptocurrency:

Utility Token to Earn Rewards

You can stake GMX to receive 30% of fees generated from the swaps and leverage trading activity on the GMX DEX.

Governance Token

$GMX holders can also enjoy voting rights and participate in critical decisions about future upgrades to the exchange. They can submit and vote on other users’ proposals that can influence the development of the DEX.

Crypto Asset to Trade and HODL

You can trade GMX crypto against other digital assets in the crypto market to profit from changes in market conditions. Buy or sell GMX against other crypto assets, or hold it long-term if you believe in the future potential of the GMX decentralized exchange. Review the live GMX price today, GMX live market cap, circulating supply, and 24-hour trading volume, and analyze the GMX price chart before trading GMX in the market.

What Can You Do on GMX DEX?

The GMX exchange can be used for the following:

Token Swaps

Swap multiple crypto assets supported by the GMX platform with zero price impact. GMX is live on Aribtrum and Avalanche networks and supports low swap fees on leading cryptocurrencies, including WETH, BTC, LINK, UNI, USDC, USDT, DAI, and FRAX.

Perpetual Trading

You can go long or short on leading cryptocurrency trading pairs on GMX with up to 50x leverage. You can set your preferred market, limit, take profit, and stop loss orders. GMX charges a low fee of 0.1% for opening and closing positions.

Provide Liquidity

You can provide liquidity to the GMX platform using the GLP token. The LP token of the GMX exchange accrues 70% of the trading fees generated by GMX and earns liquidity providers' fees. It can be minted or burned to redeem any index component asset from the platform's unique multi-asset pool.

Staking

You can stake GMX or GLP on the GMX DEX to earn attractive rewards. In addition to earning ETH or AVAX as rewards for staking GMX, you can also earn escrowed GMX (esGMX) that can be vested to become actual GMX tokens in one year. You can also earn Multiplier Points for staking on the GMX platform, a reward for long-term holders without inflation.

How to Stake GMX

Here’s how to stake GMX on the app:

1. Launch the GMX decentralized exchange app and connect your wallet to the app’s interface.

2. Ensure you have sufficient GMX tokens for staking before proceeding further. You can fund your wallet with GMX tokens by purchasing them on KuCoin or other supported platforms and withdrawing them into your wallet.

3. Head to the Earn tab on the GMX exchange app and visit the section on GMX.

4. Click on Stake and enter the number of GMX coins you wish to stake. Confirm the staking transaction.

5. Sit back, earn rewards on staking GMX on the exchange, and grow your crypto holdings conveniently.

GMX (GMX) Price Analysis

Live Price

The live price of GMX is 35.54 USD, representing an increase of 11.64% in the past 7 days and -0.42% decrease in the past 24 hours.

Historical Trends

The all-time high of GMX was 217.31 USD on 11-15, 2021, from which the coin is now down -83.64%.
The all-time low of GMX was 12.39 USD, from which the coin is now up 65.13%.

ATL$ 12.39

ATH$ 217.31

How to Buy Other Crypto Assets

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Disclaimer

Given the nature of the crypto market, the price of GMX (GMX) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.