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Convert
Pound sterling (GBP) to ICON (ICX) Instantly

GBP GBP
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Pound sterling (GBP) 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 GBP to ICX Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your ICON Wallet Address

    Provide your ICX wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your ICON

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

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Frequently asked questions

  • What are the primary methods for purchasing ICON (ICX) with Great British Pounds (GBP)?

    The most common method to buy ICX with GBP is through a reputable cryptocurrency exchange that offers a direct GBP/ICX trading pair. This process typically involves setting up an account, completing KYC/AML compliance checks, and then funding your account via UK-specific fiat on-ramps like Faster Payments or a debit card. Once funded, you can place an order on the exchange's order book to acquire the digital asset.

  • Why is the GBP to ICX pairing important for UK-based investors?

    The GBP/ICX pairing provides a direct fiat gateway for UK investors into the ICON ecosystem, eliminating the need for multiple conversions through other cryptocurrencies like BTC or ETH. This direct access allows for easier participation in ICON's network, including staking ICX to vote for Public Representatives (P-Reps) and engaging with its cross-chain communication capabilities powered by the Blockchain Transmission Protocol (BTP).

  • What kind of fees are associated with converting GBP to the ICON digital asset?

    When converting GBP to ICX, you'll typically encounter several fees. These include deposit fees for your sterling (which can vary based on method, e.g., Faster Payments might be cheaper than credit cards), trading fees on the cryptocurrency exchange (usually a small percentage of the trade value), and withdrawal fees if you move your ICX to a secure, private wallet. The ICX blockchain transaction itself also has a network fee for processing.

  • How does ICON's LFT2 consensus algorithm impact the security of GBP to ICX transactions?

    ICON's LFT2 (Loopchain Fault Tolerance 2.0) is a high-performance Byzantine Fault Tolerant (BFT) consensus algorithm. For a user converting GBP to ICX, this means their blockchain transaction benefits from rapid finality and enhanced security. Once your purchase is confirmed on the network, the LFT2 algorithm makes the transaction irreversible and highly resistant to attacks, ensuring the secure transfer of your newly acquired ICX digital asset.

  • After buying ICX with GBP, can I use it for staking and governance in the ICON network?

    Absolutely. A primary utility of the ICX token, once acquired via a fiat on-ramp, is participation in network governance. You can move your ICX to a compatible digital wallet and delegate it, a process known as staking, to a Public Representative (P-Rep). This action not only helps secure the ICON network but also allows you to earn staking rewards and have a say in the platform's development through the Contribution Proposal System (CPS).
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