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Convert
Pound sterling (GBP) to Illuvium (ILV) Instantly

GBP GBP
ILV ILV
Buy Illuvium (ILV)

Purchase Illuvium (ILV) with Pound sterling (GBP) easily at Switchere and benefit from fast, secure transactions.

About
Illuvium (ILV)

Illuvium (ILV) is a decentralized gaming studio building an expansive, open-world RPG adventure and auto-battler game on the Ethereum blockchain. It aims to deliver a AAA-quality gaming experience combined with the benefits of blockchain technology, such as true digital asset ownership through NFTs. Illuvium leverages Immutable X, a Layer 2 scaling solution, to enable gas-free minting and trading of in-game assets, known as Illuvials, enhancing the player experience and economic viability within its decentralized network. This addresses the often-prohibitive transaction costs associated with on-chain gaming activities on Ethereum's mainnet.

The core technology combines stunning visuals with intricate gameplay mechanics where players explore, capture, and battle Illuvials. The ILV token serves multiple critical functions within this Web3 infrastructure. Primarily, it is a governance token, allowing holders to participate in the Illuvium DAO and vote on key proposals shaping the project's future. Additionally, ILV can be staked to earn rewards derived from in-game revenue distribution, aligning token holder incentives with the platform's success. This staking mechanism and its connection to the platform's tokenomics are central to its ecosystem, fostering long-term commitment. Illuvium is positioned as a pioneering force in the burgeoning play-to-earn and NFT gaming sectors, seeking to bridge traditional gaming quality with blockchain-enabled player economies.

Illuvium (ILV)

How to Buy Illuvium (ILV)

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

    Choose GBP to ILV Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your Illuvium Wallet Address

    Provide your ILV wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your Illuvium

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

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Frequently asked questions

  • What are the common methods for buying Illuvium (ILV) with British Pounds (GBP)?

    To buy the digital asset Illuvium (ILV) with GBP, UK investors typically use a regulated cryptocurrency exchange that offers a direct GBP/ILV trading pair. The most common fiat on-ramp method is a UK bank transfer using the Faster Payments Service (FPS), which is often free and near-instant. Alternatively, you can use debit cards, although this may incur higher fees. After completing KYC/AML compliance, you can deposit sterling, place an order on the exchange's order book, and acquire the ILV governance token.

  • What is the primary function of the ILV token within the Illuvium AAA game ecosystem?

    The ILV token serves two core purposes in the Illuvium ecosystem. Firstly, it's a governance token, granting holders the right to vote on proposals via the Illuvium DAO (Decentralized Autonomous Organization). Secondly, it's used for yield farming; players can stake ILV to receive a share of the game's revenues, which are collected from in-game purchases and IlluviDEX marketplace fees. This aligns the interests of token holders with the success of this Play-to-Earn (P2E) open-world RPG.

  • How does Immutable X integration benefit traders of Illuvium's NFT creatures?

    Illuvium is built on the Ethereum blockchain, but it leverages Immutable X, a Layer-2 scaling solution, for its NFT marketplace, the IlluviDEX. This integration is critical because it allows for gas-free minting and trading of NFT creatures (Illuvials). For traders, this means they can buy and sell these assets with high transaction throughput and zero gas fees, while still benefiting from the underlying security of the Ethereum network. This significantly lowers the barrier to entry for participating in the game's economy.

  • What are the typical fees to expect when processing a GBP to ILV transaction?

    When converting GBP to ILV, you'll encounter several potential fees. First, a deposit fee for your Pounds Sterling, though many exchanges offer free deposits via Faster Payments. Second, a trading fee on the cryptocurrency exchange, which is typically a small percentage of the trade value and varies between maker and taker orders. Finally, if you move your ILV off the exchange to a personal digital wallet for staking or self-custody, you will incur a blockchain transaction fee. As ILV is an ERC-20 token, this fee is paid in ETH (gas) and fluctuates based on Ethereum network congestion.

  • Why would a UK-based gamer prefer a direct GBP/ILV pair over other currency pairs?

    A direct GBP/ILV trading pair offers two main advantages for UK-based gamers. Firstly, it eliminates currency conversion fees. Trading through pairs like GBP/USD and then USD/ILV would incur two separate fees and potential slippage. Secondly, it provides a seamless fiat on-ramp using familiar and efficient local banking infrastructure, such as Faster Payments. This allows for quick and direct entry into the Illuvium Play-to-Earn ecosystem, enabling them to acquire the ILV governance token or other in-game assets without unnecessary financial friction.
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