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  3. New Zealand Dollar (NZD) to ICON (ICX)

Convert
New Zealand Dollar (NZD) to ICON (ICX) Instantly

NZD NZD
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with New Zealand Dollar (NZD) 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 NZD 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 are the common methods for buying ICON (ICX) with New Zealand Dollars (NZD)?

    To buy ICON (ICX) with NZD, you typically need to use a cryptocurrency exchange that serves New Zealand and offers ICX. The most common fiat on-ramp process involves finding an exchange, completing KYC/AML verification, depositing NZD via a local bank transfer, and then either trading a direct NZD/ICX pair if available, or more commonly, converting NZD to a base currency like BTC or USDT first before acquiring the ICX digital asset.

  • What is ICON's Blockchain Transmission Protocol (BTP) and how does it relate to the value of ICX?

    The Blockchain Transmission Protocol (BTP) is ICON's core interoperability solution, designed to enable secure, trustless communication between different blockchains. This technology allows for cross-chain token swaps, data transfers, and more. For an ICX holder, BTP's development is crucial as it positions ICON as a central hub in a multi-chain ecosystem, potentially increasing the demand and utility for ICX as the native asset for securing and facilitating these cross-chain transactions.

  • Once I own ICX, how can I participate in ICON's Delegated Proof-of-Stake (DPoS) system?

    After acquiring ICX, you should move it to a secure, non-custodial wallet like ICONex or a hardware wallet. From there, you can participate in ICON's DPoS consensus mechanism by staking your ICX and delegating it to one or more Public Representatives (P-Reps). These P-Reps are responsible for validating transactions and governing the network. By delegating, you contribute to network security and earn staking rewards in return, without needing to run a node yourself.

  • Are direct NZD to ICX trading pairs common, or do I need an intermediary crypto?

    Direct NZD/ICX trading pairs are not very common on major global exchanges. Due to lower trading volume for NZD pairs, most platforms require a two-step process. Typically, you would deposit NZD, convert it to a high-liquidity cryptocurrency like Bitcoin (BTC) or a stablecoin (USDT), and then trade the BTC/ICX or USDT/ICX pair on the exchange's order book. Always check the available pairs on your chosen exchange.

  • What kind of fees should I expect when processing an NZD to ICX transaction?

    There are several potential fees. First, a deposit fee for your NZD bank transfer to the exchange. Second, a trading fee (usually a small percentage) for converting NZD to another crypto and then for the final ICX purchase. Finally, when you withdraw your ICX to a private wallet, there will be a network withdrawal fee. The transaction fees on ICON's native Loopchain technology are generally very low, so the primary costs are associated with the fiat on-ramp and exchange services.
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