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Convert
Peruvian Sol (PEN) to ICON (ICX) Instantly

PEN PEN
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Peruvian Sol (PEN) 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 PEN 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 common way to buy ICON (ICX) with Peruvian Sol (PEN)?

    The most common method is using a cryptocurrency exchange that offers a PEN fiat on-ramp. Users typically undergo KYC/AML compliance, deposit PEN via a local bank transfer or other supported payment methods in Peru, and then execute a trade on the PEN/ICX order book. This direct digital asset purchase ensures you get ICX to participate in the ICON public chain ecosystem.

  • What is the strategic advantage of using PEN to acquire ICX for blockchain interoperability?

    Using PEN provides a direct fiat gateway for Peruvian users to access ICON's ecosystem. The primary advantage is gaining exposure to ICON's Blockchain Transmission Protocol (BTP), a chain-agnostic solution for interoperability. By converting PEN to ICX, users can stake their assets, vote for Public Representatives (P-Reps) in ICON's DPoS consensus model, and engage with a network designed to connect disparate blockchains.

  • Are there specific KYC requirements for PEN to ICX transactions via a regulated fiat gateway?

    Yes, any reputable cryptocurrency exchange acting as a fiat on-ramp for Peruvian Sol (PEN) will enforce strict KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance. This typically involves submitting a government-issued ID, proof of address, and sometimes a selfie for verification. These measures are essential for secure trading and to prevent illicit activities, ensuring the platform complies with both local Peruvian and international financial regulations.

  • How do I securely store my ICX in a digital wallet after a PEN to ICX blockchain transaction?

    After purchasing ICX, it is crucial to move it from the exchange to a secure digital wallet where you control the private keys. For ICON, recommended non-custodial wallets include Hana or a hardware wallet like Ledger. Transferring your assets ensures they are not subject to exchange-side risks. Always back up your seed phrase offline and never share it. This practice is fundamental for self-custody of any digital asset.

  • What is Delegated Proof-of-Stake (DPoS) and how does it relate to my PEN/ICX purchase?

    Delegated Proof-of-Stake (DPoS) is the consensus mechanism used by the ICON public chain. When you buy ICX with PEN, you acquire the native asset required to participate in this system. As an ICX holder, you can 'stake' your tokens and delegate your vote to Public Representatives (P-Reps) who are responsible for validating transactions and governing the network. This participation often earns you staking rewards, adding a utility layer to your digital asset purchase.
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