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How to buy Iron Bank EUR (IBEUR)

Learn how to buy Iron Bank EUR (IBEUR) in our step-by-step guide.

Where to buy Iron Bank EUR

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

You can still purchase IBEUR 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 IBEUR using a decentralized exchange.
  1. Find IBEUR on a decentralized exchange and make sure Iron Bank EUR 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 IBEUR using an exchange like Gemini. You will need to purchase enough ETH to swap for IBEUR 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 IBEUR 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 IBEUR 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 Iron Bank EUR wallets to store your IBEUR

You can keep your IBEUR 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 IBEUR below.
Read more

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 Iron Bank EUR a good investment?

The ibEURO token takes the idea of stablecoins beyond US dollars. While an innovative idea, there are several risks associated with placing funds into this digital asset. Here are a few points to consider before investing in ibEURO:

  • Reliance on data oracles: The ibEURO token maintains its peg thanks to data price oracles. If the data price oracle were to malfunction, the peg between ibEURO and real-world Euros may be lost.
  • Young and untested protocol:While yearn.finance is a well-developed decentralized finance protocol, the idea of Fixed Forex was only implemented in late-2021. While it provides users access to synthetic stablecoins outside of the US dollar, the idea has not yet stood a true test of time. The product’s website contains a “Fixed Forex Disclaimer” which states that although the protocol has been audited it is still experiencing ongoing development
  • Cryptocurrency backed collateral: Although the token is pegged to the Euro, the collateral backing a loan of ibEURO would still be linked with volatile cryptocurrencies. If cryptocurrency markets were to fall, an ibEURO loan may dip below the collateral factor threshold. Cryptocurrency collateral would start to be sold to cover any losses.
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Today's Iron Bank EUR price versus ATH

Compare today's price of Iron Bank EUR ($1.10 USD) against its all-time high (ATH) price of $1.77 on July 24, 2021. The closer the bar is to 100%, the closer IBEUR is to reaching its ATH again.

Current price: $1.10
All time high: $1.77
62%
38%

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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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