Convert
Israeli New Shekel (ILS) to Conflux EVM (CFX) Instantly

Frequently Asked Questions

What is the best way to buy Conflux (CFX) with Israeli Shekel (ILS)?

To purchase Conflux (CFX) with Israeli Shekel (ILS), the most direct method is using a cryptocurrency exchange that serves as a fiat on-ramp and lists the ILS/CFX trading pair. The process typically involves creating an account, completing KYC/AML compliance, depositing ILS via an Israeli bank transfer or credit/debit card, and then executing a buy order on the CFX order book. Ensure the platform is regulated and offers secure digital asset storage.

Are there specific considerations when making ILS deposits for a digital asset purchase like CFX?

Yes, when using an Israeli Shekel fiat gateway, consider the payment methods supported. Israeli bank transfers are common but may have longer processing times compared to credit/debit card purchases, which are often faster but can incur higher fees. Also, verify the deposit limits and any associated fees on the cryptocurrency exchange. Always ensure you are using a secure, private network for the transaction and that the exchange complies with local Israeli financial regulations.

What are the security best practices after buying CFX tokens with ILS?

After acquiring CFX, it is crucial to move your digital assets from the exchange to a personal, non-custodial digital wallet that supports the Conflux eSpace (EVM). This gives you full control over your private keys. Always double-check the wallet address before initiating a blockchain transaction. Enable two-factor authentication (2FA) on your exchange account and be wary of phishing scams. For long-term holding, consider using a hardware wallet for maximum security.

What is Conflux's Tree-Graph structure and how does it relate to its EVM-compatible eSpace?

Conflux utilizes a unique Tree-Graph ledger structure, which processes blocks in parallel rather than in a single chain. This design, combined with its hybrid PoW/PoS consensus, enables high throughput and low latency. The Conflux eSpace is a fully EVM-compatible execution environment built on this core infrastructure. It allows developers to deploy and run Ethereum smart contracts and dApps on Conflux to leverage its superior performance without needing to rewrite their code, bridging the Ethereum ecosystem with Conflux's advanced ledger technology.

How does Conflux's transaction sponsorship feature benefit users acquiring CFX?

Conflux's transaction sponsorship is a unique feature where dApp owners or other users can pay the gas fees on behalf of their users. For someone new acquiring CFX, this means they can potentially interact with certain dApps on the Conflux network without needing to hold extra CFX for gas fees initially. This significantly lowers the barrier to entry into the Conflux ecosystem, making it more accessible for users who have just completed a fiat-to-crypto purchase.

Why is a direct ILS/CFX pair beneficial for traders over converting through another currency?

A direct ILS/CFX trading pair offers several advantages. It provides a seamless fiat on-ramp for users in Israel, increasing local liquidity and accessibility to the Conflux ecosystem. Traders avoid double conversion fees (e.g., ILS to USD, then USD to CFX), which can reduce overall transaction costs. It also simplifies the trading process and can offer more accurate pricing relative to the local currency, as it eliminates the price volatility risk associated with an intermediary currency.