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Convert
Japanese yen (JPY) to ICON (ICX) Instantly

JPY JPY
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Japanese yen (JPY) 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 JPY 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 JPY/ICX trading pair and what is its significance?

    The JPY/ICX pair represents the direct exchange rate between the Japanese Yen (JPY) and ICON's native cryptocurrency, ICX. Its significance lies in providing a direct fiat on-ramp for Japanese investors into the ICON ecosystem, a network focused on blockchain interoperability through its unique Blockchain Transmission Protocol (BTP). This allows users to purchase the ICX digital asset directly with their local currency to engage with ICON's cross-chain dApps and DPoS governance.

  • What is the typical process for buying ICX with Japanese Yen on a regulated exchange?

    To purchase ICX with JPY, you typically need to find a cryptocurrency exchange regulated in Japan that lists the JPY/ICX pair. The process involves creating an account, completing mandatory KYC/AML (Know Your Customer/Anti-Money Laundering) verification, and then depositing JPY via a local payment method like a Japanese bank transfer. Once your fiat deposit is confirmed, you can navigate to the JPY/ICX order book to place a buy order for the digital asset.

  • What are the core technical features of the ICON network that I should understand before trading ICX?

    Before trading ICX, it's vital to understand ICON's Delegated Proof-of-Stake (DPoS) consensus mechanism, where token holders (ICONists) vote for Public Representatives (P-Reps) to validate transactions. The network is secured by its LFT2 (Loop Fault Tolerance 2) consensus algorithm. Most importantly, ICON's primary value proposition is its Blockchain Transmission Protocol (BTP), a chain-agnostic interoperability solution designed for secure, trustless cross-chain communication and asset transfers.

  • After buying ICX with JPY, can I participate in ICON's on-chain governance?

    Yes, absolutely. Once you acquire ICX through a JPY transaction, you should transfer it to a compatible digital wallet. From there, you can engage directly in ICON's DPoS governance model. This involves staking your ICX tokens and delegating your stake to a Public Representative (P-Rep) of your choice, giving you a voice in network operations and earning staking rewards.

  • What types of fees are involved when converting JPY to ICX on an exchange?

    When converting JPY to ICX, you'll typically encounter several fees. First, there may be a fee for depositing JPY via Japanese bank transfer. Second, the cryptocurrency exchange will charge a trading fee, often based on a maker-taker model on the order book. Finally, when you move your ICX off the exchange to a personal digital wallet, there will be a withdrawal fee. These are distinct from the ICON network's native 'Step' fees, which are for on-chain blockchain transactions.
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