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Convert
Hungarian Forint (HUF) to ICON (ICX) Instantly

HUF HUF
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Hungarian Forint (HUF) 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 HUF 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 exactly is the HUF/ICX trading pair and what is its significance?

    The HUF/ICX trading pair represents the direct exchange rate between the Hungarian Forint (HUF) and ICON's native cryptocurrency (ICX). Its significance lies in providing a fiat on-ramp for Hungarian users to acquire ICX, the core digital asset used for transaction fees, governance, and staking within the ICON public chain. This allows direct participation in ICON's ecosystem, which is focused on interoperability through its Blockchain Transmission Protocol (BTP).

  • What are the typical steps to convert HUF into ICX on a cryptocurrency exchange?

    First, select a reputable cryptocurrency exchange that supports HUF deposits or has a HUF/ICX pair. You will need to complete KYC/AML compliance checks. Next, deposit HUF into your exchange account, often via a bank transfer or debit/credit card. If a direct HUF/ICX pair is unavailable, you may need to first trade HUF for a major cryptocurrency like BTC or USDT, and then trade that for ICX. Finally, execute the trade on the order book and consider moving your ICX to a secure, private digital wallet.

  • How can I stake my ICX tokens after purchasing them with Hungarian Forint?

    After acquiring ICX through a HUF transaction, withdraw the tokens to a compatible ICON wallet. Within the wallet, you'll find a staking or voting section. Staking ICX involves delegating your tokens to Public Representatives (P-Reps), who are responsible for validating transactions and network governance. By delegating, you help secure the ICON public chain and in return, you earn staking rewards in the form of more ICX, contributing to the network's decentralized operation.

  • What are the potential fees when buying ICON with Hungarian Forint?

    When converting HUF to ICX, you should be aware of several potential fees. These include: 1) Deposit fees for funding your exchange account with HUF, which vary by payment method (e.g., bank transfer). 2) Trading fees on the exchange, typically a small percentage of the transaction value. 3) Spread costs if the HUF/ICX pair has low liquidity. 4) Withdrawal fees charged by the exchange to move your ICX to an external digital wallet, plus the inherent ICON blockchain transaction fee.

  • What is ICON's Blockchain Transmission Protocol (BTP) and how does it affect the value of ICX?

    ICON's Blockchain Transmission Protocol (BTP) is a core technology designed to enable interoperability between different blockchain networks. It allows for the transfer of data and value across disparate chains, creating a more interconnected ecosystem. The utility and adoption of BTP can directly affect the value of ICX, as ICX is the native token used to pay for cross-chain transaction fees facilitated by BTP. Increased BTP usage translates to higher demand for the ICX digital asset.
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