Buy GMX today
Buy GMX today
- Own GMX & 210+ other cryptoassets
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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.
How to buy GMX (GMX) in the UK
Learn how to buy GMX (GMX) on 2+ crypto exchanges in our step-by-step guide.
GMX (GMX) is the 92nd largest cryptocurrency by market cap, valued at US$490,017,698.
GMX is a highly volatile asset capable of major price swings in a single day. Today GMX is trading for $55.91 USD, which is higher than yesterday's trading price of $55.16 USD. Over the past year, GMX's price has seen an increase of 163%.
So before you buy GMX, make sure you understand these unique risks as well as its legal and tax status here in the UK.
If you're ready to get started, read on for step-by-step instructions on how you can buy GMX.
How to buy GMX in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchanges
The easiest way to buy GMX is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a deposit
Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy GMX
You can now exchange your funds for GMX. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your GMX to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Where to buy GMX in the UK
Find an exchange to buy, sell and trade GMX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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How we keep this GMX guide up-to-date
- GMX price data is regularly updated through data feeds so you always have the latest information.
- GMX performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy GMX?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy GMX?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading GMX.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing GMX with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What is the easiest way to buy GMX?
The easiest way to buy GMX is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying GMX, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of GMX has been performing recently.
Best GMX wallets to store your GMX
You can keep your GMX 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 GMX below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is GMX a good investment?
All investments require an understanding of the risks and potential upsides. With regards to GMX, here are a few things to consider:
- Dual token system:The GMX trading platform utilises two tokens: GMX and GLP. While GMX is the utility and governance token used to vote on proposals and reduce trading fees, GLP serves as the platform’s liquidity provider token and is priced according to an index of assets used for trading.
- Opportunity to earn multi-token rewards: Both GMX and GLP tokens allows users to earn a mixture of AVAX and native esGMX rewards. The addition of AVAX means that a proportion of all rewards are being received in a popular and well-known layer-1 blockchain. This may help to drive GMX adoption.
- Diverse DEX toolset: The expanding GMX ecosystem offers a diverse set of trading tools, including analytics, trading bots, terminals, advanced charts, and yield return calculators. The expanding GMX developer community is responsible for designing all the above features. Leveraged trading is an attractive feature not offered by many other decentralised exchanges within the ecosystem which may, therefore, attract those looking to amplify available liquidity.
Today's GMX price versus ATH
Compare today's price of GMX ($55.91 USD) against its all-time-high price of $91.07 USD on 18 April 2023. The closer the bar is to 100%, the closer GMX is to reaching its ATH again.
GMX's price: $55.91
ATH date: April 18, 2023
ATH date: April 18, 2023
61.39%
GMX ATH: $91.07
How to trade, convert or sell GMX
You can convert or sell your GMX with the same exchange you bought it through:- Sign in to the exchange you have GMX on.
- If you store your GMX in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of GMX you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of GMX.
- Complete your transaction and move your GMX to a wallet for storage.
* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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