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How to Buy Alchemix (ALCX)



 on is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.

Alchemix is self-described as ‘a platform to create yield-backed synthetic tokens’.  Its name is derived from the famous ‘philosopher’s stone’ – a mythical substance which, in the hands of an alchemist, can transmute metals.

Through leveraging of DeFi, Alchemix offers a variety of unique services, such as providing its clients access to ‘self-paying loans’ which tap in to expected future yield on provided collateral.  This is currently done through the use of a yield-backed synthetic token known as ‘alUSD’, founded on DAI stablecoins.  This service allows for users to gain access to a loan, without being forced to sell off their digital asset (DAI).  Over time, the interest earned on the users deposit is used to pay down the loan, paying it off automatically.

Beyond self-paying loans, Alchemix looks to disrupt various aspects of DeFi, including the following services.

  • Automated Market Makers
  • Yield Aggregators
  • Yield Farming

Governance of the Alchemix platform is facilitated through tokens known as ‘ALCX’.  This means that ALCX holders have the ability to take part/vote in various network decisions, such as the allocation of treasury funds.

The Alchemix team notes that in time, it will transition its operations in to a ‘full, on-chain DAO’ – meaning that the platform will be governed entirely by the community, rather than a central authority.

To learn more visit our Investing in Alchemix guide.

We list the top 4 exchanges that offer the ability to Buy Alchemix (ALCX) with a credit card, debit card, or Bitcoin (BTC).


Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Alchemix (ALCX) here are both lower fees than competing exchanges, and increased liquidity enabling you to buy and sell quickly to take advantage of market moving news.

This exchange is best for investors residing in Australia, Canada, Singapore, UK & internationally.  USA residents are prohibited from purchasing Alchemix (ALCX).

Read our Binance Review or visit Binance.

Use Discount Code: EE59L0QP for 10% cashback off all trading fees.


Coinbase is a publicly traded crypto exchange listed on the NASDAQ.  It is one of the most widely used exchanges in the United States and it accepts clients from 100+ countries including Australia, Canada, Singapore, and the UK.

Over 460 billion dollars in volume has been traded by over 70 million users at Coinbase. Security is a paramount feature with 98% of customer funds being stored in secure offline storage. The platform is simple to use and is available on desktop, Android, and iOS, offering trading opportunities in over 140 cryptocurrencies including Alchemix (ALCX).

This exchange currently accepts USA residents excluding Hawaii.

Read our Coinbase Review or visit Coinbase.

Established in 2013, has grown in to a reputable trading platform.  While it is not the most popular exchange, it provides users with an easy to use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including Alchemix (ALCX), and is often the first exchange to add new tokens. Notably, maintains a strong stance against any type of market manipulation.

This exchange currently accepts Australia & UK residents.

USA & Canada residents are prohibited.

Read our Review or visit


FTX is a crypto derivatives exchange that currently offers over 100 spot markets including Alchemix (ALCX) trading opportunities.  It makes complete sense to buy this token on its native platform to support the ecosystem, they offer user-friendly desktop and mobile apps with multiple order types including derivatives, options, volatility products and leveraged tokens.  They have trading tools that cater both to professional trading firms and average users.

Read our FTX Review or visit FTX

Use Discount Code: 46313462 for 5% cashback off all trading fees.

Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.

Advertiser Disclosure: is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

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