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Convert
Bulgarian Lev (BGN) to ICON (ICX) Instantly

BGN BGN
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Bulgarian Lev (BGN) 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 BGN 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 BGN/ICX trading pair represent and what is its primary function?

    The BGN/ICX pair represents the exchange rate between the Bulgarian Lev (BGN) and ICON's native cryptocurrency, ICX. Its primary function is to serve as a fiat on-ramp, allowing users to purchase ICX digital assets directly with Bulgarian currency. ICX is the utility token for the ICON network, a decentralized blockchain platform focused on interoperability through its unique Blockchain Transmission Protocol (BTP), connecting disparate blockchain ecosystems.

  • What are the common methods to deposit BGN on a cryptocurrency exchange to buy ICX?

    To buy ICX with BGN, users typically find a regulated cryptocurrency exchange that accepts Bulgarian Lev deposits. The most common deposit methods include SEPA (Single Euro Payments Area) transfers, which are efficient for users in Bulgaria, wire transfers from a Bulgarian bank account, and sometimes debit or credit card purchases. All reputable platforms will require KYC/AML compliance before enabling fiat deposits.

  • What is ICON's consensus mechanism and how does it benefit ICX holders?

    ICON utilizes a Delegated Proof-of-Stake (DPoS) consensus mechanism, powered by its proprietary 'Loopchain' technology. This system allows ICX holders to stake their tokens and delegate their voting power to Public Representatives (P-Reps), who are responsible for validating blockchain transactions and governing the network. In return for participating in this community governance, ICX stakers earn rewards, creating an incentive to secure the network and engage in its ecosystem.

  • After buying ICX with BGN, what type of digital wallet is recommended for secure storage?

    For secure storage of ICX tokens after a fiat on-ramp purchase, it's highly recommended to move them from the cryptocurrency exchange to a non-custodial digital wallet where you control the private keys. For the ICON ecosystem, official wallets like Hana Wallet or MyIconWallet are excellent choices. For maximum security, especially for large amounts, using a hardware wallet like a Ledger or Trezor, which can integrate with these wallets, provides the best protection against online threats.

  • What are the key advantages of ICON's Blockchain Transmission Protocol (BTP) for the network?

    ICON's Blockchain Transmission Protocol (BTP) is a trustless and chain-agnostic interoperability solution. Its key advantage is enabling secure, two-way communication and value transfer between completely different blockchains without relying on a centralized intermediary. This allows dApps on ICON to interact with assets and data from other ecosystems, such as Polkadot or NEAR, fostering a more interconnected and scalable Web3 environment, which fundamentally increases the utility and demand for the ICX token.
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