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Convert
Bangladeshi Taka (BDT) to ICON (ICX) Instantly

BDT BDT
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Bangladeshi Taka (BDT) easily at Switchere and benefit from fast, secure transactions.

About
ICON (ICX)

ICON (ICX) is a decentralized network and layer-one blockchain designed to solve the critical issue of blockchain interoperability. Its core mission is to facilitate seamless cross-chain communication, allowing independent blockchains with different governance structures to interact without intermediaries. This vision of creating a "digital nation" is powered by its proprietary Blockchain Transmission Protocol (BTP), a chain-agnostic solution that enables the transfer of both value and data across connected networks. This makes ICON a fundamental piece of Web3 infrastructure, connecting disparate digital assets and dApps into a cohesive ecosystem.

The network is built on a high-performance blockchain engine called Loopchain and secured by a Delegated Proof-of-Stake (DPoS) consensus mechanism. In this system, ICX holders stake their tokens to vote for Public Representatives (P-Reps), who are responsible for validating transactions and governing the protocol. The native utility token, ICX, is central to the ecosystem's tokenomics. It is used for paying transaction fees, executing smart contracts written in Java, participating in on-chain governance, and earning staking rewards. Through its advanced technology stack, ICON provides a robust framework for building scalable, cross-chain DeFi applications and services.

ICON (ICX)

How to Buy ICON (ICX)

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

    Choose BDT to ICX Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your ICON Wallet Address

    Provide your ICX wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your ICON

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

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Frequently asked questions

  • What does the BDT/ICX pair represent in the digital asset market?

    The BDT/ICX pair is a fiat on-ramp allowing users to purchase ICON's native cryptocurrency, ICX, using Bangladeshi Taka. This is significant for users in Bangladesh wanting direct access to the ICON ecosystem, which is focused on blockchain interoperability through its Blockchain Transmission Protocol (BTP), connecting disparate blockchain networks.

  • What are the typical payment methods for buying ICX with BDT?

    Direct purchases of ICX with BDT are most commonly facilitated through peer-to-peer (P2P) platforms. On these platforms, common payment methods include local bank transfers within Bangladesh, and mobile financial services like bKash or Nagad. Users should ensure the P2P cryptocurrency exchange is reputable and requires KYC/AML compliance for secure trading.

  • What are the core functionalities of the ICON network that I should know before investing BDT?

    Before converting BDT to ICX, understand that ICON's core mission is to 'hyperconnect the world'. Its key technology is the Blockchain Transmission Protocol (BTP), an interoperability solution. The network is secured by the LFT2 consensus algorithm and governed by community-elected Public Representatives (P-Reps). Holders can stake ICX to vote for P-Reps and earn rewards, actively participating in the ICON public chain's governance.

  • Are there different types of fees when processing a BDT to ICX transaction?

    Yes, two main fees are involved. First, the cryptocurrency exchange or P2P platform will charge a trading fee for converting your BDT to the ICX digital asset. Second, once you have ICX in your digital wallet, any blockchain transaction on the ICON network, like sending tokens or interacting with a smart contract, will require a network fee called 'Step', which is paid in ICX.

  • After buying ICX with BDT, what are its primary uses within the ICON ecosystem?

    Once you hold ICX, you can actively participate in the network. Key utilities include staking ICX to secure the network and earn rewards, voting for P-Reps to influence governance, and using it as the primary currency in decentralized applications (dApps) built on ICON, such as the Balanced Network DeFi platform. It is also essential for leveraging ICON's decentralized identifier (DID) services.
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