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  3. Egyptian pound (EGP) to Internet Computer (ICP)

Convert
Egyptian pound (EGP) to Internet Computer (ICP) Instantly

EGP EGP
ICP ICP
Buy Internet Computer (ICP)

Purchase Internet Computer (ICP) with Egyptian pound (EGP) 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 EGP to ICP Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your Internet Computer Wallet Address

    Provide your ICP wallet address and proceed with the payment.

  3. 03

    Receive Your Internet Computer

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

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FIL
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LDO
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LQTY
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LPT
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LRC
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LUNA
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MKR
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EGLD
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ALICE
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NEAR
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NMR
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RSR
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SHIB
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STND
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STG
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STORJ
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EGP
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USDT20
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USDTSOL
EGP
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USDTNEAR
EGP
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USDTXTZ
EGP
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USDTTRC20
EGP
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USDTTON
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XTZ
EGP
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GRT
EGP
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SAND
EGP
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TFUEL
EGP
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THETA
EGP
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RUNE
EGP
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TONCOIN
EGP
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TUSDBSC
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TUSDTRX
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TWT
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UOS
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UMA
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UNI
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USDCSOL
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USDCAVAC
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Frequently asked questions

  • What exactly is the EGP/ICP trading pair?

    The EGP/ICP pair represents the direct exchange rate between the Egyptian Pound (EGP) and the Internet Computer (ICP) token. This fiat on-ramp allows users to purchase ICP, the native utility token of the Internet Computer blockchain, directly with their local currency. ICP is used to power the 'World Computer' by facilitating computation through canister smart contracts and participating in the Network Nervous System (NSS) for governance.

  • What are common methods to buy ICP using Egyptian Pounds?

    To buy ICP with EGP, you typically need a cryptocurrency exchange that supports EGP deposits. Common payment methods in Egypt include local bank transfers, mobile payment services like Vodafone Cash, and payment processors such as Fawry. Some traders also use peer-to-peer (P2P) platforms, but it's crucial to use a reputable service with an escrow system. All regulated platforms will require KYC/AML compliance before you can make a digital asset purchase.

  • How does ICP's 'reverse gas model' affect me as a holder?

    As a holder, ICP's 'reverse gas model' is a key technical differentiator. Unlike other blockchains where users pay gas fees for every transaction, on the Internet Computer, developers pre-load their canister smart contracts with 'cycles' (which are created by burning ICP). This means end-users can interact with dApps on the network without needing to hold or spend tokens, potentially leading to wider adoption and increased utility for the ICP you hold.

  • What is the Network Nervous System (NSS) and how can I participate with my ICP?

    The Network Nervous System (NSS) is the advanced, on-chain governance system that controls the Internet Computer. By holding ICP, you can participate in this system. This involves locking your ICP tokens into a 'neuron' for a set period, which grants you voting power on network proposals. In return for participating in governance and securing the network, you can earn voting rewards, paid out in ICP. This mechanism aligns the incentives of token holders with the long-term health of the ecosystem.

  • Are there any specific security risks when trading EGP for ICP?

    The primary risks involve using unregulated platforms or P2P trades without escrow, which are common with emerging fiat on-ramps. Always use a reputable cryptocurrency exchange that complies with local regulations in the MENA region. After purchasing ICP, avoid leaving large amounts on the exchange. Transfer your digital assets to a secure wallet you control. For ICP, consider using Internet Identity, its native blockchain authentication system, which offers enhanced security over traditional password-based systems.
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