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Convert
Swiss Franc (CHF) to IoTeX (IOTX) Instantly

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IOTX IOTX
Buy IoTeX (IOTX)

Purchase IoTeX (IOTX) with Swiss Franc (CHF) easily at Switchere and benefit from fast, secure transactions.

About
IoTeX (IOTX)

IoTeX (IOTX) is a decentralized network specifically engineered to power the Internet of Things (IoT) and establish the foundation for MachineFi, an emerging machine-driven economy. This Web3 infrastructure project aims to securely connect real-world devices, such as sensors and smart gadgets, with blockchain applications. At its core, IoTeX features an EVM-compatible Layer 1 blockchain that utilizes a unique Roll-Delegated Proof of Stake (Roll-DPoS) consensus mechanism. This design ensures high scalability, low transaction costs, and robust cryptographic security, which are essential for managing millions of concurrent device interactions.

A key innovation is W3bstream, a decentralized off-chain compute infrastructure that acts as a bridge for real-world data. It processes information from connected devices and triggers on-chain smart contracts, effectively creating a verifiable data oracle for the IoT ecosystem. The native IOTX utility token is integral to the network's operation. It is used for paying gas fees, staking by delegates and voters to secure the blockchain and participate in governance, and for registering and managing decentralized device identities. By enabling trustless device-to-device communication and automation, IoTeX is positioning itself as a foundational platform for the future of the decentralized machine economy.

IoTeX (IOTX)

How to Buy IoTeX (IOTX)

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btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose CHF to IOTX Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your IoTeX Wallet Address

    Provide your IOTX wallet address and proceed with the payment.

  3. 03

    Receive Your IoTeX

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

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Frequently asked questions

  • What does the CHF/IOTX trading pair represent in the digital asset market?

    The CHF/IOTX pair represents the exchange rate between the Swiss Franc (CHF) and IoTeX (IOTX). It signifies a direct fiat on-ramp for purchasing IOTX, the native token of the IoTeX network. This network is designed to power the Internet of Things (IoT) and the emerging MachineFi economy, enabling secure interactions between humans and smart devices on a decentralized platform.

  • What are the common payment methods to buy IOTX using CHF?

    To purchase IOTX with Swiss Francs, cryptocurrency exchanges typically offer several fiat deposit options. The most common are SEPA bank transfers, which are often low-cost and reliable within Switzerland and Europe. Additionally, many platforms allow for instant digital asset purchases using credit or debit cards, though these may carry higher transaction fees. Always verify the supported payment methods on your chosen trading platform.

  • How does IoTeX's Roll-DPoS consensus mechanism provide security for assets bought with CHF?

    Once you convert CHF to IOTX, the security of your digital asset is maintained by the IoTeX blockchain's Roll-DPoS (Randomized Delegated Proof of Stake) consensus mechanism. This system is designed for high throughput and decentralization, making the network robust against attacks. By staking IOTX, token holders can participate in governance and help secure the network that validates all blockchain transactions, including the movement of your IOTX holdings.

  • What is DePIN and how does it relate to the IOTX I can buy with CHF?

    DePIN stands for Decentralized Physical Infrastructure Networks. IoTeX is a leading platform in the DePIN sector, which uses tokens like IOTX to incentivize the deployment of real-world infrastructure, such as sensors or wireless hotspots. When you buy IOTX with CHF, you are acquiring a stake in this ecosystem, allowing you to potentially earn rewards by contributing to or using these community-owned networks powered by real-world data from smart devices.

  • After buying IOTX with CHF on an exchange, what is the best practice for secure storage?

    For enhanced security, it is strongly recommended to move your IOTX from the cryptocurrency exchange to a non-custodial digital wallet where you control the private keys. Since IoTeX is EVM-compatible, you can use popular wallets like MetaMask or Trust Wallet. For significant holdings, consider a hardware wallet, which keeps your private keys offline and provides the highest level of digital asset security against online threats.
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