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Convert
Colombian peso (COP) to IOST (IOST) Instantly

COP COP
IOST IOST
Buy IOST (IOST)

Purchase IOST (IOST) with Colombian peso (COP) easily at Switchere and benefit from fast, secure transactions.

About
IOST (IOST)

IOST (Internet of Services Token) is an enterprise-grade blockchain platform designed to provide a highly scalable, secure, and decentralized network for the development of dApps. It directly addresses the blockchain trilemma by aiming for high throughput without sacrificing security or decentralization. The project stands out as a robust Web3 infrastructure, offering a developer-friendly environment capable of supporting service-oriented ecosystems. Its architecture is built to handle the high transaction volumes required by large-scale commercial applications, positioning it as a significant digital asset for enterprise solutions.

The core of IOST's innovation is its unique consensus mechanism, Proof-of-Believability (PoB). This algorithm operates alongside other proprietary technologies like Efficient Distributed Sharding (EDS) and Micro State Blocks (MSB) to achieve impressive transactions per second (TPS). PoB selects validators based on a believability score, which considers factors like token balance and reputation, ensuring network efficiency and cryptographic security. The native IOST utility token is essential for the ecosystem, used for paying gas fees, staking to contribute to the consensus mechanism, and participating in on-chain governance. This integrated tokenomics model incentivizes network participation and secures the distributed ledger.

IOST (IOST)

How to Buy IOST (IOST)

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

    Choose COP to IOST Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your IOST Wallet Address

    Provide your IOST wallet address and proceed with the payment.

  3. 03

    Receive Your IOST

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

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Frequently asked questions

  • What is the best way to buy IOST with Colombian Pesos (COP)?

    The most common method to buy IOST with COP is through a cryptocurrency exchange that serves the Latin American market and offers a direct fiat on-ramp. Users typically need to complete KYC/AML verification, then deposit Colombian Pesos using local payment methods like PSE (Pagos Seguros en Línea) or bank transfers from institutions like Bancolombia. Once the COP is credited to your account, you can place an order on the COP/IOST trading pair to acquire the digital asset.

  • What are the technical advantages of the IOST blockchain when acquired via a COP transaction?

    Acquiring IOST with COP gives you access to an ultra-fast blockchain designed for high scalability. Its key advantage is the Proof-of-Believability (PoB) consensus mechanism, which enables high TPS (Transactions Per Second) with low latency. This makes the IOST network ideal for dApps. Furthermore, IOST utilizes a resource-based, gas-free model, meaning users stake IOST for resources (iGAS/iRAM) instead of paying transaction fees for every action, a significant benefit for active users in its dApp ecosystem.

  • How can I securely store my IOST tokens after buying them with COP?

    After your COP to IOST transaction on an exchange, it's a security best practice to move your digital assets to a personal digital wallet where you control the private keys. For IOST, you can use official wallets like iWallet or trusted third-party wallets that support the IOST mainnet. This prevents loss of funds from potential exchange-related security issues. Always back up your seed phrase offline and never share it with anyone to ensure your IOST remains secure.

  • What kind of fees are involved in a COP to IOST conversion?

    Converting COP to IOST typically involves several potential fees. First, there may be a deposit fee for funding your exchange account with COP via PSE or bank transfer. Second, the exchange will charge a trading fee (maker or taker fee) for executing the buy order on the COP/IOST pair. Finally, when you withdraw your IOST to a private wallet, a network withdrawal fee applies. However, once on the IOST network, transactions are effectively gas-free, using a staking model for network resources instead of per-transaction fees.

  • Why is a direct COP/IOST pair important for users in Colombia?

    A direct COP/IOST trading pair provides a crucial fiat gateway for Colombian users. It eliminates the need for multi-step conversions (e.g., COP to USD, then USD to IOST), which reduces transaction costs and complexity. This direct access allows for easier entry into the IOST dApp ecosystem, enabling users to interact with applications built on this high-TPS blockchain, participate in its Proof-of-Believability consensus, and utilize its resource-based transaction model without currency exchange friction.
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