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Convert
Malaysian Ringgit (MYR) to ICON (ICX) Instantly

Purchase ICON (ICX) with Malaysian Ringgit (MYR) 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 MYR 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 is the most effective method to purchase ICON (ICX) using Malaysian Ringgit (MYR)?

    The most common method is through a regulated cryptocurrency exchange that supports MYR deposits. You may need to find a platform with a direct MYR/ICX trading pair or first buy a major cryptocurrency like BTC or ETH with MYR via a local fiat on-ramp using FPX or a bank transfer, and then trade it for ICX. This process provides access to the order book for your digital asset purchase.
  • Why is the MYR/ICX pair important for participating in ICON's governance?

    A direct MYR to ICX fiat gateway provides Malaysian users seamless entry into the ICON ecosystem. Acquiring ICX allows you to participate in its Delegated Proof-of-Contribution (DPoC) consensus mechanism. You can stake your ICX and delegate votes to Public Representatives (P-Reps), directly influencing the network's governance and security while earning staking rewards.
  • What is ICON's Blockchain Transmission Protocol (BTP) and how does buying ICX relate to it?

    The Blockchain Transmission Protocol (BTP) is ICON's core interoperability solution, enabling cross-chain communication between different blockchain networks. ICX is the native digital asset used for transaction fees within the BTP ecosystem. Therefore, converting MYR to ICX is the first step for users who want to engage in secure, cross-chain actions facilitated by ICON's unique interoperability technology.
  • Are there specific KYC requirements for purchasing the ICX digital asset with Malaysian Ringgit?

    Yes, any regulated cryptocurrency exchange in Malaysia facilitating MYR fiat on-ramps will enforce strict KYC/AML (Know Your Customer/Anti-Money Laundering) compliance. You will be required to verify your identity with government-issued documents before you can deposit Malaysian Ringgit to execute a secure transaction for a digital asset like ICX.
  • After converting MYR to ICX, what is the best practice for storing and using my tokens in the ICON network?

    For enhanced security, it is highly recommended to move your ICX from the exchange to a dedicated digital wallet like the Hana or ICONex wallet. These wallets are designed for the ICON ecosystem and allow you to not only securely store your assets but also to actively participate in the blockchain network by staking your ICX and interacting with various dApps built on the loopchain consensus engine.
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