Convert
Euro (EUR) to Internet Computer (ICP) Instantly
Purchase Internet Computer (ICP) with Euro (EUR) 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.
How to Buy Internet Computer (ICP)
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Frequently asked questions
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What is the EUR/ICP trading pair and what is its significance in the crypto market?
The EUR/ICP pair represents the exchange rate between the Euro and the Internet Computer Protocol (ICP) token. Its significance lies in providing a direct fiat on-ramp for users in the Eurozone to acquire ICP. This allows them to invest in the 'World Computer' ecosystem, power canister smart contracts with 'cycles', or participate in the on-chain governance through the Network Nervous System (NNS) without first needing to purchase another cryptocurrency. -
What are the most common payment methods on cryptocurrency exchanges for buying ICP with EUR?
To purchase the ICP digital asset with Euros, the most common methods on regulated cryptocurrency exchanges are SEPA bank transfers and credit/debit cards. SEPA transfers are favored within the Eurozone for their typically lower fees but may take 1-2 business days. Credit or debit card purchases are much faster, often instant, but usually incur higher processing fees. All reputable platforms will require KYC/AML compliance before you can execute a EUR to ICP transaction. -
How does ICP's 'reverse gas model' impact me after converting EUR to ICP?
After you buy ICP with EUR, the 'reverse gas model' is a key technical feature. Unlike other blockchains where users pay gas fees for every transaction, on the Internet Computer, developers charge their canister smart contracts with 'cycles' (created by burning ICP). This means end-users can interact with dApps on the ICP network without holding or spending ICP for gas, creating a more seamless Web2-like experience. Your purchased ICP is primarily for governance, staking, or for developers to power their applications. -
What are the security best practices for storing ICP after a EUR to ICP purchase?
After completing your EUR to ICP transaction on an exchange, it is highly recommended to move your digital assets to a secure, self-custody digital wallet. For long-term holding, hardware wallets offer the best protection. For active participation in the ecosystem, you can use the official Network Nervous System (NNS) front-end dApp, secured via Internet Identity. This allows you to stake ICP in neurons for governance voting and rewards, directly from a secure environment you control. -
Are there specific blockchain transaction fees to consider when trading EUR for ICP?
When you exchange EUR for ICP on a centralized exchange, you primarily encounter trading fees (maker/taker) and potential fiat deposit fees (e.g., for card payments). The on-chain Internet Computer blockchain transaction fee is a very small, fixed amount (currently 0.0001 ICP) for transfers. This fee is negligible compared to many other networks. However, the most significant cost is often the exchange's withdrawal fee when you move your ICP to an external digital wallet, which can be higher than the actual network fee.