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Convert
Korean Won (KRW) to ICON (ICX) Instantly

KRW KRW
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Korean Won (KRW) 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 KRW 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 are the first steps to buy ICON (ICX) with South Korean Won (KRW) on a cryptocurrency exchange?

    To buy ICX with KRW, you must first register on a regulated South Korean cryptocurrency exchange that lists the KRW/ICX pair. The process involves mandatory KYC/AML compliance, which requires linking a real-name bank account to your exchange account. Once verified, you can make a KRW deposit via bank transfer and use the exchange's order book to purchase the ICX digital asset.

  • Why is the KRW/ICX trading pair considered a crucial fiat on-ramp for the ICON ecosystem?

    Given ICON's strong South Korean origins, the KRW/ICX pair provides essential liquidity and direct access for local users. It's a primary fiat on-ramp that allows seamless entry into the ICON ecosystem, enabling users to participate in its Delegated Proof-of-Stake (DPoS) consensus by staking ICX with Public Representatives (P-Reps) and interacting with dApps like the Balanced Network DeFi platform.

  • After acquiring ICX with KRW, how can I securely store my digital assets and prepare for ICX staking?

    For secure storage, it is highly recommended to move your ICX from the exchange to a non-custodial digital wallet where you control the private keys. ICON-specific wallets like Hana or a hardware wallet provide the best security. Once your ICX is in a personal wallet, you can use its interface to delegate your coins to a Public Representative (P-Rep), which is the process of ICX staking to earn rewards.

  • What are the typical fees when performing a KRW to ICX blockchain transaction on a Korean exchange?

    Trading KRW for ICX involves several potential fees: a deposit fee for funding your account with KRW from your bank, a trading fee on the exchange (often a maker-taker model), and a withdrawal fee if you move your ICX to an external digital wallet. The withdrawal fee covers the blockchain transaction cost required to process the transfer on the ICON network.

  • How does ICON's Delegated Proof-of-Stake (DPoS) mechanism add utility to ICX purchased with KRW?

    Purchasing ICX with KRW is the first step to engaging with ICON's DPoS consensus. By staking your ICX, you delegate it to a Public Representative (P-Rep) who validates transactions and governs the network. This not only helps secure the ICON 2.0 blockchain but also allows you, the token holder, to earn staking rewards, giving your digital asset a productive utility beyond simple trading.
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