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Convert
Georgian Lari (GEL) to Internet Computer (ICP) Instantly

GEL GEL
ICP ICP
Buy Internet Computer (ICP)

Purchase Internet Computer (ICP) with Georgian Lari (GEL) 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 GEL 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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Frequently asked questions

  • What does the GEL/ICP trading pair represent in the digital asset market?

    The GEL/ICP pair represents the exchange rate between the Georgian Lari (GEL) and the Internet Computer's native utility token (ICP). It allows users to directly purchase ICP, which is essential for powering computation and storage within canister smart contracts on the Internet Computer Protocol, using their local fiat currency. This direct fiat on-ramp is crucial for developers and users in Georgia looking to interact with its unique Web3 services and on-chain governance system, the Network Nervous System (NNS).

  • What are the common methods to buy ICP using a GEL bank transfer?

    To buy ICP with Georgian Lari, you typically need a cryptocurrency exchange that supports GEL deposits. The most common method involves finding a regulated platform that operates locally or internationally and accepts GEL bank transfers. You will need to complete the exchange's KYC/AML compliance process, link your Georgian bank account, and then initiate a deposit. Once the GEL funds are in your account, you can place an order for ICP on the GEL/ICP order book or use an instant buy feature.

  • What technical advantages does Internet Computer offer to those investing with GEL?

    Investors using GEL to acquire ICP gain exposure to a unique blockchain architecture. Internet Computer's key advantages include its 'reverse gas model,' where developers pre-pay for computation, making dApps free for end-users. Its Chain Key Technology allows it to run at web speed and scale capacity on demand. Furthermore, purchasing ICP allows participation in the Network Nervous System (NNS), its on-chain, decentralized governance, giving token holders a direct say in the protocol's future.

  • After buying ICP with GEL, what is the best practice for storing the digital asset?

    For secure storage after a GEL to ICP transaction, it is highly recommended to move your ICP tokens from the cryptocurrency exchange to a self-custody digital wallet. For Internet Computer, the ideal choice is the NNS Dapp, which is the official interface for staking and governance. Alternatively, other compatible wallets like Stoic Wallet or Plug Wallet provide control over your private keys. This practice minimizes the risk of loss from exchange-related issues and allows you to fully utilize the ICP utility token's features.

  • Are blockchain transaction fees a major cost when trading GEL for ICP?

    When converting GEL to ICP, your primary costs will likely be exchange-related fees (deposit, trading, and withdrawal fees) rather than the ICP blockchain transaction fee itself. The Internet Computer Protocol features a fixed, extremely low transaction fee (0.0001 ICP) for most operations. This is a significant contrast to networks with variable and often high gas fees. Therefore, once you own the ICP, moving it on-chain is very cost-effective.
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