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Convert
Colombian peso (COP) to IoTeX (IOTX) Instantly

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IOTX IOTX
Buy IoTeX (IOTX)

Purchase IoTeX (IOTX) with Colombian peso (COP) 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)

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

    Choose COP 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 is the best way to buy IoTeX (IOTX) with Colombian Pesos (COP)?

    To buy IOTX with COP, the most common method is using a cryptocurrency exchange that serves as a fiat on-ramp for Colombia. These platforms typically require KYC/AML compliance. You can deposit Colombian Pesos via local payment methods like PSE (Pagos Seguros en Línea) or bank transfers. Once your COP is on the exchange, you can execute a trade on the IOTX/COP order book or convert it to acquire the IOTX digital asset for your IoTeX-compatible wallet.

  • Why is direct COP to IOTX conversion important for the DePIN and MachineFi sectors?

    A direct COP/IOTX pairing provides a streamlined gateway for Colombian users and developers to enter IoTeX's ecosystem, which specializes in DePIN (Decentralized Physical Infrastructure Networks) and MachineFi. This allows for direct investment in projects that connect real-world data from IoT devices to the blockchain. By avoiding multiple conversions (e.g., COP to USD to IOTX), it lowers costs and complexity, fostering local innovation and adoption of IoTeX's Layer-1, EVM-compatible technology for the Internet of Things.

  • What are the common fees associated with a COP to IOTX transaction?

    When converting COP to IOTX, expect several potential fees: 1) A deposit fee for funding your exchange account with Colombian Pesos, which varies by payment method (e.g., PSE or bank transfer). 2) A trading fee, usually a small percentage of the transaction value, charged by the exchange for executing the trade. 3) A network fee (gas) on the IoTeX blockchain if you withdraw your IOTX to a private, self-custody wallet. Always review the fee schedule of your chosen fiat gateway.

  • After buying IOTX, how can I use it within the IoTeX ecosystem?

    Once you own IOTX, you can actively participate in the network. Key uses include: 1) Staking IOTX to help secure the network and earn rewards. 2) Paying for gas fees for transactions and smart contract execution on the Layer-1 chain. 3) Participating in governance by voting on proposals. 4) Using it within MachineFi dApps that leverage real-world data from IoT devices. The 'Burn-Drop' tokenomics also mean that transaction activity can lead to token burns and rewards for stakers, making IOTX integral to the ecosystem's economy.

  • Do I need to complete KYC to trade the COP/IOTX pair?

    Yes, virtually all centralized cryptocurrency exchanges that provide a fiat on-ramp for Colombian Pesos (COP) require mandatory Know Your Customer (KYC) and Anti-Money Laundering (AML) verification. This is a standard regulatory requirement to prevent illicit activities. You will need to provide identification documents to be able to deposit COP and execute trades for digital assets like IOTX.
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