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Convert
Egyptian pound (EGP) to ICON (ICX) Instantly

EGP EGP
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Egyptian pound (EGP) 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 EGP to ICX Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your ICON Wallet Address

    Provide your ICX wallet address and proceed with the payment.

  3. 03

    Receive Your ICON

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

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Frequently asked questions

  • What's the most common way to buy ICON (ICX) with Egyptian Pounds (EGP)?

    To convert EGP to ICX, users in Egypt often utilize peer-to-peer (P2P) markets on major cryptocurrency exchanges or find platforms that support local payment methods. The process involves finding a seller, agreeing on a rate, completing the EGP payment via a method like a local bank transfer or a mobile wallet, and then receiving the ICX digital asset directly into your exchange wallet. Always ensure the platform has an escrow service for secure trading.

  • How does ICON's Blockchain Transmission Protocol (BTP) add value to my ICX bought with EGP?

    Acquiring ICX with EGP gives you access to ICON's core interoperability feature, the Blockchain Transmission Protocol (BTP). This technology allows for cross-chain communication, meaning your ICX tokens can potentially interact with dApps and assets on other connected blockchains. This turns your digital asset purchase from a simple holding into a key for participating in a broader, interconnected multi-chain ecosystem.

  • After buying ICX with EGP, can I participate in ICON's network governance?

    Yes, absolutely. Once you hold ICX in a secure, non-custodial wallet, you can engage in ICON's on-chain governance. This is primarily done by staking your ICX and delegating your stake to Public Representatives (P-Reps). By doing so, you contribute to network security and decentralization, and you can earn staking rewards, adding utility to your initial EGP-to-ICX conversion.

  • What are the typical fees when using an EGP fiat on-ramp to buy ICX?

    Fees can vary significantly depending on the platform. P2P platforms might have lower direct fees but the exchange rate could include a seller's premium. Centralized exchanges that accept EGP deposits via bank transfer or local payment services may charge a deposit fee, a trading fee (usually a small percentage of the transaction volume), and a withdrawal fee for moving your ICX off the platform. Always check the fee schedule of any service before initiating a blockchain transaction.

  • What is Loopchain, and how does it relate to my EGP to ICX transaction?

    Loopchain is the high-performance enterprise blockchain technology that powers the ICON public chain. While you don't interact with it directly during your EGP purchase, its efficiency and reliability are what ensure that once your ICX is on the network, your subsequent transactions (like staking or transfers) are fast and secure. It's the foundational engine that makes the ICON network robust, underpinning the value of the digital asset you acquire.
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