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Convert
Mexican Peso (MXN) to ICON (ICX) Instantly

MXN MXN
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Mexican Peso (MXN) 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 MXN to ICX Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your ICON Wallet Address

    Provide your ICX wallet address and proceed with the payment.

  3. 03

    Receive Your ICON

    Complete the payment, and your ICX will be sent to your wallet.

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Frequently asked questions

  • What's the best way to buy ICON (ICX) with Mexican Pesos (MXN)?

    The most common method is to use a cryptocurrency exchange that offers a direct MXN/ICX trading pair or serves as a fiat on-ramp in Mexico. You'll typically need to create an account, complete KYC/AML compliance, and then deposit MXN via methods like a SPEI transfer or a bank deposit. Once your account is funded, you can place an order to purchase the ICX digital asset.

  • What is ICON's Blockchain Transmission Protocol (BTP) and why is it important when holding ICX?

    The Blockchain Transmission Protocol (BTP) is ICON's core interoperability solution, designed to create a 'network of networks' by connecting disparate blockchains. For ICX holders, BTP's success is crucial as it drives the utility and demand for the ICX token, which is used to facilitate cross-chain transactions and secure this interconnected ecosystem. It aims to make ICX a pivotal asset in a multi-chain future.

  • How does ICON's Delegated Proof-of-Stake (DPoS) consensus affect my ICX assets?

    ICON uses a DPoS consensus mechanism where ICX holders can stake their tokens and delegate them to Public Representatives (P-Reps) who validate transactions and govern the network. By staking ICX, you actively participate in securing the network and in return, you can earn staking rewards. This provides a way to grow your ICX holdings while contributing to the network's stability and governance.

  • Are there specific payment methods like SPEI required for MXN to ICX transactions?

    While not universally required, SPEI (Sistema de Pagos Electrónicos Interbancarios) is the most prevalent and efficient method for funding cryptocurrency exchange accounts with MXN in Mexico. Many regulated Mexican exchanges prioritize SPEI for its speed and low cost. Other options might include cash deposits via partners like OXXO or traditional bank wire transfers, but SPEI is generally the standard for seamless fiat on-ramping.

  • After buying ICX with MXN, what kind of fees are involved in a blockchain transaction?

    There are two main types of fees. First, the cryptocurrency exchange will charge a trading fee for the MXN-to-ICX conversion. Second, when you move your ICX from the exchange to a personal digital wallet or use it in a dApp, you'll pay a network transaction fee. This fee, paid in ICX, is for processing the transaction on the ICON blockchain, which is powered by its Goloop engine. These network fees are typically very low compared to many other blockchains.
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