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Convert
New Zealand Dollar (NZD) to Internet Computer (ICP) Instantly

Purchase Internet Computer (ICP) with New Zealand Dollar (NZD) 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)

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  1. Step 1 illustration
    01

    Choose NZD 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 exactly is the NZD/ICP trading pair and what does it represent?

    The NZD/ICP pair represents the exchange rate between the New Zealand Dollar (NZD), a fiat currency, and Internet Computer (ICP), the native utility token of the 'World Computer' blockchain. This pair allows you to directly purchase ICP using NZD on a cryptocurrency exchange. ICP's utility is crucial; it's used for governance through the Network Nervous System (NNS) and for paying computation fees, known as 'cycles', to run canister smart contracts.
  • What are the common methods to buy ICP with NZD through a fiat on-ramp?

    To buy ICP with NZD, you typically need to use a centralized cryptocurrency exchange that acts as a fiat on-ramp. The process involves creating an account, completing KYC/AML compliance, and then depositing NZD. Common NZD deposit methods in New Zealand include direct bank transfers, POLi payments, or debit/credit cards. Once your NZD is in your exchange account, you can place a buy order on the NZD/ICP trading pair.
  • How does Internet Computer's 'Reverse Gas Model' impact the value of my ICP?

    The Reverse Gas Model is a unique feature of the DFINITY Foundation's Internet Computer. Unlike other blockchains where users pay gas fees for transactions, on ICP, developers pre-load their canister smart contracts with 'cycles' (computation fuel). These cycles are created by burning ICP. This model means users can interact with decentralized web services without needing tokens, fostering wider adoption. Increased platform usage leads to more ICP being burned for cycles, which can create deflationary pressure and positively impact the utility and potential value of the digital asset.
  • After buying ICP with NZD, what are the security best practices for storing my digital asset?

    For optimal security, it's highly recommended to move your ICP from the exchange to a secure digital wallet where you control the private keys. This is known as self-custody. You can use hardware wallets for the highest level of security or reputable software wallets. Additionally, when interacting with the Network Nervous System (NNS) to stake your ICP in neurons, ensure you are using the official NNS front-end dApp and bookmark the correct URL to avoid phishing scams. Always enable two-factor authentication (2FA) on your exchange account.
  • Can I stake my ICP tokens after acquiring them with NZD, and what is a 'neuron'?

    Yes, absolutely. One of the core functionalities of the ICP token is its use in the Network Nervous System (NNS), the blockchain's governance system. After buying ICP, you can lock them into a special staking account called a 'neuron'. By creating a neuron, you can participate in voting on proposals that shape the future of the Internet Computer protocol and earn voting rewards in return. The longer you lock your ICP, the more voting power and potential rewards you receive.
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