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How to buy Index Coop – ETH 2x Flexible Leverage Index (ETH2X-FLI)

Learn how to buy Index Coop - ETH 2x Flexible Leverage Index (ETH2X-FLI) in our step-by-step guide.

Where to buy Index Coop - ETH 2x Flexible Leverage Index

It looks like ETH2X-FLI may not be available to purchase on an exchange in the US.

You can still purchase ETH2X-FLI by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase ETH2X-FLI using a decentralized exchange.
  1. Find ETH2X-FLI on a decentralized exchange and make sure Index Coop - ETH 2x Flexible Leverage Index can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for ETH2X-FLI using an exchange like Gemini. You will need to purchase enough ETH to swap for ETH2X-FLI as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for ETH2X-FLI on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the ETH2X-FLI tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Best Index Coop - ETH 2x Flexible Leverage Index wallets to store your ETH2X-FLI

You can keep your ETH2X-FLI on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your ETH2X-FLI below.
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Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is Index Coop - ETH 2x Flexible Leverage Index a good investment?

ETH2x-FLI is a leverage index token operated by the Index Coop protocol. Although innovative, the inner workings of ETH2x-FLI are complex and, therefore, should be thoroughly understood before investing. Here are a few key aspects of the project worth considering:

  • Innovative index product: ETH2x-FLI is a token that will provide the holder with 2x leveraged exposure to the ETH cryptocurrency. All market movements experienced on Ethereum will be amplified with the ETH2x-FLI token without the user needing to worry about liquidation risks. While doubling the returns if price increases, the token will also double losses if the price of ETH falls.
  • Use of ETH2x-FLI within DeFi: As an ERC-20 token, ETH2x-FLI can be utilised within a range of DeFi applications, such as Uniswap. By depositing the token into a liquidity pool users can earn transaction fees from the chosen DeFi platform while maintaining the 2x leveraged position on ETH. Impermanent loss can be reduced by providing liquidity to a pool such as ETH2x-FLI - ETH.
  • Dependency on Compound: The existence of ETH2x-FLI depends on the decentralized finance protocol, Compound. All ETH assets are deposited into Compound to access USDC, which is then reinvested to buy more ETH. If anything happens to the Compound Finance protocol, the subsequent effects on ETH2x-FLI are unknown and could be catastrophic. Before purchasing ETH2x-FLI it might be worth researching Compound and becoming familiar with how the protocol operates.
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Today's Index Coop - ETH 2x Flexible Leverage Index price versus ATH

Compare today's price of Index Coop - ETH 2x Flexible Leverage Index ($11.61 USD) against its all-time high (ATH) price of $751.65 on March 16, 2021. The closer the bar is to 100%, the closer ETH2X-FLI is to reaching its ATH again.

Current price: $11.61
All time high: $751.65
2%
98%

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$1.01

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  1. Data by CoinGecko

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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