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Convert
Indian Rupee (INR) to Immutable X (IMX) Instantly

INR INR
IMX IMX
Buy Immutable X (IMX)

Purchase Immutable X (IMX) with Indian Rupee (INR) easily at Switchere and benefit from fast, secure transactions.

About
Immutable X (IMX)

Immutable X (IMX) is a leading Layer 2 scaling solution specifically engineered for non-fungible tokens (NFTs) and Web3 gaming on the Ethereum blockchain. Its primary purpose is to overcome Ethereum's inherent limitations of high gas fees and low transaction throughput, thereby enabling seamless, cost-effective minting and trading of digital assets. Immutable X utilizes StarkWare's powerful ZK-rollup technology (StarkEx) to achieve massive scalability, offering instant trade confirmation and up to 9,000 transactions per second without compromising the underlying security of the Ethereum decentralized network. This makes it a crucial piece of Web3 infrastructure for developers building NFT marketplaces and blockchain-based games requiring high performance.

The platform provides robust APIs and SDKs, facilitating easier integration for game development studios and creators of digital collectibles. The native utility token, IMX, plays a vital role within its tokenomics. It is used for paying protocol fees, participating in platform governance by voting on proposals, and staking to earn rewards from network activity. By offering features like a global order book for enhanced NFT liquidity and a commitment to carbon-neutral transactions for ERC-721 assets, Immutable X positions itself as a foundational technology for the burgeoning NFT ecosystem, aiming to accelerate the adoption of decentralized gaming and digital ownership through improved cryptographic security and user experience.

Immutable X (IMX)

How to Buy Immutable X (IMX)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose INR to IMX Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your Immutable X Wallet Address

    Provide your IMX wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your Immutable X

    Complete the payment, and your IMX will be sent to your wallet.

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Frequently asked questions

  • What is the INR to IMX trading pair and its significance for the Indian market?

    The INR/IMX pair allows for the direct purchase of Immutable X (IMX) tokens using Indian Rupees (INR). Its significance lies in providing a direct fiat on-ramp for Indian users into the Immutable X ecosystem, a leading Layer-2 scaling solution for NFTs on Ethereum. This enables easier access to the world of gas-free NFT minting and web3 gaming without first converting INR to another cryptocurrency.

  • What are common methods to buy IMX using UPI in India?

    To buy IMX with INR, you typically use an Indian cryptocurrency exchange that lists the IMX token. The process involves completing KYC/AML compliance, then depositing INR into your exchange wallet via common methods like UPI (Unified Payments Interface) or bank transfers (IMPS/NEFT). Once funded, you can place an order for IMX on the platform's order book.

  • What are the core utilities of the IMX token acquired via an INR transaction?

    Once you acquire IMX with INR, the token has three primary utilities within its ZK-Rollup ecosystem. First, it's used to pay for transaction fees on the Immutable X marketplace. Second, it can be staked to earn rewards from the network's fee pool. Third, holding IMX grants you governance rights, allowing you to vote on proposals related to the future of the web3 gaming protocol.

  • Are there Indian tax implications like VDA tax or TDS when trading INR for IMX?

    Yes, in India, transactions involving Virtual Digital Assets (VDAs), which include cryptocurrencies like IMX, are subject to specific tax laws. Profits from trading IMX are subject to the VDA tax. Additionally, when you purchase IMX with INR on a regulated Indian platform, a Tax Deducted at Source (TDS) is typically applied to the transaction. It's crucial to consult with a tax professional for compliance.

  • How can I securely store my IMX tokens after purchasing them with INR?

    For optimal security, it's best practice to move your IMX tokens from the cryptocurrency exchange to a self-custody digital wallet. Since IMX is an ERC-20 token on Ethereum's Layer-1 and also native to its own Layer-2, you should use a wallet that supports both, such as MetaMask. Always ensure you securely back up your seed phrase and never share your private keys.
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