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Convert
Korean Won (KRW) to Internet Computer (ICP) Instantly

KRW KRW
ICP ICP
Buy Internet Computer (ICP)

Purchase Internet Computer (ICP) with Korean Won (KRW) 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 KRW 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 are the primary methods for buying Internet Computer (ICP) with South Korean Won (KRW)?

    The most common method is through major South Korean cryptocurrency exchanges that list the KRW/ICP trading pair. Users must typically complete a thorough KYC (Know Your Customer) process, often linking a real-name bank account for KRW deposits. Once the fiat on-ramp is complete, you can place an order for ICP tokens, which are then stored in your exchange's digital wallet before you can move them to a self-custody solution like an Internet Identity-based wallet.

  • What is the technical significance of ICP's 'canister' smart contracts for traders?

    For traders, 'canisters' represent the fundamental utility driver of the ICP token. Canisters are an advanced evolution of smart contracts, bundling both code and data and running at web speed on the decentralized cloud infrastructure of the Internet Computer. The ICP token is used to create and fuel these canisters with 'cycles' (computational power). Therefore, the demand for building dApps and services on-chain directly translates to demand for ICP, making canister adoption a key metric for network health and token utility.

  • How does the Network Nervous System (NNS) governance impact the value proposition of ICP?

    The Network Nervous System (NNS) is the on-chain, decentralized autonomous organization (DAO) that governs the Internet Computer. ICP holders can lock their tokens into 'neurons' to vote on proposals that shape the network's future, such as protocol upgrades and node machine management. This active participation in on-chain governance is often incentivized with voting rewards. For investors, this model adds a layer of utility and control, as holding ICP provides a direct stake in the platform's evolution, potentially increasing long-term network stability and value.

  • What are the common fee structures when using a KRW fiat gateway to acquire ICP?

    When purchasing ICP with KRW, you typically encounter two main fees on a South Korean exchange. First, a deposit fee for transferring KRW from your linked real-name bank account, which is often low or zero. Second, a trading fee, which is a small percentage of the transaction's total value, charged when your buy order for ICP is executed on the order book. Withdrawal fees for moving ICP off the exchange to a private wallet also apply and are usually a flat ICP amount.

  • Why is high trading volume for the KRW/ICP pair on South Korean exchanges important?

    High trading volume indicates strong liquidity for the KRW/ICP pair. High liquidity is crucial because it generally leads to tighter bid-ask spreads, reducing the cost of transactions, and allows for large orders to be filled without significant price slippage. It reflects robust market interest from both retail and institutional investors in South Korea, providing a reliable fiat on-ramp and off-ramp for those interacting with the Internet Computer's decentralized cloud ecosystem.
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