Convert
Indian Rupee (INR) to Conflux EVM (CFX) Instantly

Frequently Asked Questions

What are the common methods to buy Conflux (CFX) with Indian Rupees (INR)?

To buy Conflux (CFX) with INR, the most common method is using an Indian cryptocurrency exchange that lists the INR/CFX pair. This process typically involves creating an account, completing KYC/AML compliance with documents like a PAN card and Aadhaar, and then depositing INR via a fiat on-ramp like UPI or IMPS/NEFT bank transfers. Once your account is funded, you can execute a spot trade on the exchange's order book to purchase the CFX digital asset.

Can I use dApps on the Conflux EVM after buying CFX with INR?

Yes, absolutely. Once you acquire CFX tokens via an INR fiat on-ramp, you can withdraw them to a compatible digital wallet. These CFX tokens can then be used within Conflux eSpace, which is a fully EVM-compatible environment. This means you can interact with a wide range of decentralized applications (dApps), from DeFi protocols to NFT marketplaces, that are either deployed on or bridged to Conflux, leveraging its Geth compatibility and high throughput.

What is the role of the hybrid PoW/PoS consensus in the Conflux network for CFX holders?

Conflux utilizes a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism. The PoW component, combined with the Tree-Graph structure, secures the network and orders transactions. The PoS component adds a finality layer to prevent replay attacks and, importantly for CFX holders, enables CFX staking. By staking their CFX, users contribute to the network's security and governance, and in return, can earn staking rewards, adding a utility layer to their digital asset.

How does Conflux's Tree-Graph structure provide an advantage for CFX blockchain transactions?

The Tree-Graph structure is a core innovation of the Conflux network, enabling high throughput and scalability. Unlike traditional single-chain blockchains that can only process blocks sequentially, the Tree-Graph ledger allows for parallel processing of blocks. This results in significantly faster transaction confirmation times and higher transactions per second (TPS), which is a key technical advantage for traders and dApp users who require rapid and efficient blockchain transactions.

What are the typical trading fees and withdrawal considerations for the INR/CFX pair?

When trading INR to CFX, you'll encounter several potential fees. First, a deposit fee for adding INR to the exchange, which is often low or zero for UPI transfers. Second, a spot trading fee, typically a small percentage based on a maker-taker model. Finally, when withdrawing CFX to a personal digital wallet, the exchange will charge a withdrawal fee. This fee covers the blockchain transaction cost on the Conflux network and is a crucial consideration for secure, long-term storage of your digital asset.

What are the security best practices when buying CFX with INR and storing it?

For secure trading, always use a reputable Indian cryptocurrency exchange that enforces strong KYC/AML compliance. Enable two-factor authentication (2FA) on your exchange account. After purchasing CFX, the most secure practice is to withdraw the digital asset from the exchange to a non-custodial digital wallet where you control the private keys. This minimizes counterparty risk. For significant amounts, consider a hardware wallet for cold storage. Always double-check wallet addresses before confirming any blockchain transaction.