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Convert
Canadian Dollar (CAD) to Internet Computer (ICP) Instantly

CAD CAD
ICP ICP
Buy Internet Computer (ICP)

Purchase Internet Computer (ICP) with Canadian Dollar (CAD) easily at Switchere and benefit from fast, secure transactions.

About
Internet Computer (ICP)

Internet Computer (ICP) is a decentralized network designed to function as a 'World Computer,' providing a complete Web3 infrastructure for hosting software, services, and data directly on the blockchain. Developed by the DFINITY Foundation, it fundamentally aims to extend the public internet's capabilities, allowing developers to build and deploy applications without reliance on centralized cloud providers. The core of its architecture is Chain Key Technology, a cryptographic breakthrough that allows the network to operate at web speed with unbounded capacity. This technology enables its unique smart contracts, known as 'canisters,' to serve interactive web content directly to end-users, facilitating a seamless and fully on-chain experience.

The network utilizes a 'reverse gas model,' where developers pre-load canisters with 'cycles'—a computational fuel converted from ICP utility tokens—to cover user interaction costs. Governance is managed by the Network Nervous System (NNS), an on-chain, tokenized system where ICP holders stake tokens in 'neurons' to vote on proposals and earn rewards. This positions ICP as a foundational layer for building scalable DeFi applications, decentralized social media, and enterprise systems entirely on-chain. The ICP digital asset is thus integral for network participation, rewarding node machine providers, and fueling the computational power of its ecosystem.

Internet Computer (ICP)

How to Buy Internet Computer (ICP)

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

    Choose CAD to ICP Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your Internet Computer Wallet Address

    Provide your ICP wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your Internet Computer

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

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Frequently asked questions

  • What are the common methods to buy Internet Computer (ICP) with Canadian Dollars (CAD)?

    To buy ICP with CAD, the most direct fiat on-ramp is through a cryptocurrency exchange that is compliant with FINTRAC regulations. These platforms typically support Canadian-specific payment methods like Interac e-Transfer, which is often the fastest, as well as bank wire transfers for larger digital asset purchases. You will need to complete a KYC/AML verification process before you can link your bank account and execute a trade on the CAD/ICP order book.

  • What is the function of the ICP token within the Internet Computer Protocol?

    The ICP utility token serves three primary roles. First, it can be locked in the Network Nervous System (NNS) to participate in network governance and earn voting rewards. Second, ICP is converted into 'cycles' which power computation and data storage for dApps running in canister smart contracts, utilizing a 'reverse gas model'. Third, it rewards node providers for contributing computational resources to the network, which is secured by Chain Key Cryptography.

  • What are the benefits of using a direct CAD/ICP trading pair?

    Using a direct CAD/ICP trading pair offers Canadian users several advantages. It provides a straightforward fiat gateway, eliminating the need to first convert Canadian Dollars to another currency like USD or a stablecoin (e.g., USDT), which saves on conversion fees and reduces price slippage. This direct access simplifies the digital asset purchase process and allows for more accurate tracking of investment performance against the local currency.

  • When I buy ICP, am I directly paying for 'cycles' used in canister smart contracts?

    Not directly as a user or investor. You purchase the ICP utility token on an exchange. It is the developers building on the Internet Computer who convert ICP into 'cycles' to pay for their dApp's computational and storage costs. This is part of the 'reverse gas model,' where developers pre-load their WebAssembly (WASM) based canister smart contracts with cycles, so end-users don't have to pay for individual blockchain transactions, creating a seamless Web2-like experience.

  • What security measures should I take when converting CAD to ICP and storing it?

    Always use a reputable, FINTRAC-regulated cryptocurrency exchange for the CAD to ICP transaction. Enable two-factor authentication (2FA) on your exchange account. After purchasing, for long-term holding, it is a security best practice to move your ICP from the exchange to a self-custody digital wallet where you control the private keys. Options include hardware wallets or software wallets compatible with the Internet Computer Protocol, which provides you with full sovereignty over your digital asset.
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