Purchase Conflux EVM (CFX) with Brazilian Real (BRL) easily at Switchere and benefit from fast, secure transactions.
Conflux (CFX) is a high-performance Layer 1 blockchain designed to overcome the blockchain trilemma of achieving scalability, security, and decentralization simultaneously. It operates as a permissionless, public blockchain infrastructure engineered for building high-throughput decentralized applications (dApps), particularly in DeFi, Web3, and the metaverse. Its core innovation is the unique Tree-Graph consensus algorithm, a novel ledger structure that processes blocks in parallel rather than in a linear chain. This parallel processing capability allows for significantly higher transaction throughput and lower confirmation times compared to traditional blockchain architectures, providing a robust foundation for scalable digital assets and applications.
The network is secured by a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism, combining the proven security of PoW with the energy efficiency and governance benefits of PoS. A key feature is its full EVM compatibility, creating a seamless environment for developers to migrate Ethereum-based smart contracts and dApps. The native utility token, CFX, is integral to the ecosystem. It is used for paying transaction gas fees, participating in network governance through on-chain voting, and for staking to earn rewards, which contributes to the cryptographic security of the entire decentralized network.
The most common method is using a cryptocurrency exchange that offers a BRL/CFX trading pair or supports BRL deposits. Users typically register, complete KYC/AML compliance, and fund their account using a Brazilian payment method like Pix, which is known for its speed and low cost. Once funded, you can execute a buy order for CFX on the platform's order book, acquiring the digital asset directly.
There are typically three types of fees: 1) Deposit fees for BRL, although many exchanges offer free deposits via Pix. 2) Trading fees on the cryptocurrency exchange, which are usually a small percentage of the trade value (maker/taker model). 3) A network withdrawal fee when you move your CFX from the exchange to a secure digital wallet. This fee covers the blockchain transaction cost on the Conflux network.
A direct BRL/CFX fiat on-ramp eliminates the need for intermediate trades, such as converting BRL to USD or BTC first. This simplifies the digital asset purchase process, reduces exposure to the volatility of an intermediary currency, and can lower overall transaction costs by avoiding multiple trading fees. It provides a straightforward gateway for the Brazilian market to access the high-throughput Conflux ecosystem and its dApps.
Conflux's primary technical advantage is its Tree-Graph consensus algorithm. Unlike traditional single-chain blockchains, this structure processes blocks in parallel, leading to significantly higher transactions per second (TPS) and lower confirmation times. It also features a hybrid Proof-of-Work and Proof-of-Stake mechanism for security and is fully EVM-compatible via its 'eSpace', allowing for easy migration of Ethereum-based decentralized applications (dApps).
For secure storage, it is crucial to use a wallet where you control the private keys. The native wallet for the Conflux ecosystem is the Fluent Wallet. Additionally, because Conflux features an EVM-compatible layer called eSpace, you can use popular wallets like MetaMask. However, you must first manually configure MetaMask to connect to the Conflux eSpace network. Hardware wallets that support custom EVM networks also offer a higher level of security.
Always use a reputable cryptocurrency exchange with robust security features and positive user reviews. Enable Two-Factor Authentication (2FA) on your account for an extra layer of protection. When withdrawing CFX, meticulously double-check the recipient wallet address; blockchain transactions are irreversible. Be wary of phishing scams and only use official websites and applications. For long-term holding, transferring your CFX to a secure, non-custodial digital wallet is the best practice.