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Convert
Colombian peso (COP) to ICON (ICX) Instantly

COP COP
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Colombian peso (COP) 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 COP 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 is the COP/ICX trading pair and why is it important for the Latin American market?

    The COP/ICX pair represents the direct exchange rate between the Colombian Peso (COP) and the ICON network's native cryptocurrency, ICX. Its importance lies in providing a direct fiat on-ramp for users in Colombia to enter the ICON ecosystem, which is focused on blockchain interoperability through its unique Blockchain Transmission Protocol (BTP). This allows for easier access to this digital asset without needing to first convert COP to another major cryptocurrency.

  • What are the typical payment methods to buy ICX with Colombian Pesos on a cryptocurrency exchange?

    To buy ICX with COP, users on a compliant cryptocurrency exchange typically use local payment methods. The most common is PSE (Pagos Seguros en Línea), which allows direct bank transfers from major Colombian banks like Bancolombia. Some platforms may also support deposits via mobile payment services like Nequi or DaviPlata. All these methods require KYC/AML compliance to link your bank account to the exchange for secure trading.

  • What technical features of the ICON network, like BTP, should I understand before trading COP for ICX?

    Before acquiring ICX, it's vital to understand ICON's core mission: interoperability. This is powered by its Blockchain Transmission Protocol (BTP), a standard for cross-chain communication that allows disparate blockchains to interact. The network is secured by a Delegated Proof-of-Stake consensus where users stake ICX and delegate votes to Public Representatives (P-Reps). Furthermore, ICON 2.0 uses the high-performance 'goloop' engine, enhancing its capacity for decentralized applications (dApps).

  • After buying ICX with COP, what are the primary uses for the token, such as staking?

    Once you've converted COP to ICX, the token has several utilities within the ICON ecosystem. A primary use is staking ICX to secure the network and earn rewards by delegating your stake to a Public Representative (P-Rep). ICX is also used to pay for blockchain transaction fees on the network and for deploying and interacting with smart contracts. Additionally, holding ICX allows you to participate in governance through the Contribution Proposal System (CPS).

  • Are there specific KYC regulations in Colombia I need to be aware of when using a COP fiat on-ramp?

    Yes, any reputable cryptocurrency exchange providing a COP fiat on-ramp operates under strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. For users in Colombia, this typically means providing a government-issued ID (Cédula de Ciudadanía), proof of address, and sometimes proof of funds. This KYC/AML compliance is mandatory to prevent illicit activities and ensure secure trading for all users on the platform.
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