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  3. Peruvian Sol (PEN) to Immutable X (IMX)

Convert
Peruvian Sol (PEN) to Immutable X (IMX) Instantly

PEN PEN
IMX IMX
Buy Immutable X (IMX)

Purchase Immutable X (IMX) with Peruvian Sol (PEN) easily at Switchere and benefit from fast, secure transactions.

About
Immutable X (IMX)

Immutable X (IMX) is a leading Layer 2 scaling solution specifically engineered for non-fungible tokens (NFTs) and Web3 gaming on the Ethereum blockchain. Its primary purpose is to overcome Ethereum's inherent limitations of high gas fees and low transaction throughput, thereby enabling seamless, cost-effective minting and trading of digital assets. Immutable X utilizes StarkWare's powerful ZK-rollup technology (StarkEx) to achieve massive scalability, offering instant trade confirmation and up to 9,000 transactions per second without compromising the underlying security of the Ethereum decentralized network. This makes it a crucial piece of Web3 infrastructure for developers building NFT marketplaces and blockchain-based games requiring high performance.

The platform provides robust APIs and SDKs, facilitating easier integration for game development studios and creators of digital collectibles. The native utility token, IMX, plays a vital role within its tokenomics. It is used for paying protocol fees, participating in platform governance by voting on proposals, and staking to earn rewards from network activity. By offering features like a global order book for enhanced NFT liquidity and a commitment to carbon-neutral transactions for ERC-721 assets, Immutable X positions itself as a foundational technology for the burgeoning NFT ecosystem, aiming to accelerate the adoption of decentralized gaming and digital ownership through improved cryptographic security and user experience.

Immutable X (IMX)

How to Buy Immutable X (IMX)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose PEN to IMX Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your Immutable X Wallet Address

    Provide your IMX wallet address and proceed with the payment.

  3. 03

    Receive Your Immutable X

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

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Frequently asked questions

  • What is the most common way to buy Immutable X (IMX) with Peruvian Sol (PEN)?

    Direct PEN/IMX trading pairs are rare. The standard method is a two-step process: first, use a Latin American fiat on-ramp or a global cryptocurrency exchange that accepts PEN to buy a major cryptocurrency like USDT or ETH via a bank transfer. After completing KYC/AML compliance, you can then trade that acquired digital asset for IMX on an exchange that lists the corresponding pair, such as IMX/USDT.

  • What exactly is Immutable X (IMX) and its role in Web3 gaming?

    Immutable X is a Layer-2 scaling solution for NFTs on the Ethereum blockchain. It utilizes StarkEx ZK-rollup technology to offer users gas-free minting and trading of NFTs with instant transaction finality, all while inheriting the security of Ethereum. Its primary role in Web3 gaming is to enable developers to create games with true digital asset ownership, where players can freely trade in-game items as NFTs without the high costs and slow speeds of the Ethereum mainnet.

  • What kind of fees are involved in the PEN to IMX conversion process?

    The process typically involves multiple fees. First, a deposit or purchase fee from the fiat gateway when converting PEN. Second, a trading fee on the exchange for the PEN-to-stablecoin transaction. Third, another trading fee for the stablecoin-to-IMX swap. Finally, a withdrawal fee to move your IMX to a non-custodial wallet. However, once your IMX is on the Immutable X Layer-2 network, marketplace transactions and NFT minting are gas-free, which is a major cost advantage.

  • What type of digital wallet is needed to securely hold IMX tokens?

    Since IMX is an ERC-20 token on the Ethereum network, you need an Ethereum-compatible wallet. For maximum security and self-custody, a hardware wallet is highly recommended. For active use within the Immutable X ecosystem, such as connecting to marketplaces for Web3 gaming, a non-custodial software wallet like MetaMask is essential. This allows you to interact directly with the Layer-2 protocol while maintaining full control of your private keys and digital assets.

  • Why would a user choose IMX's Layer-2 solution instead of transacting on Ethereum directly?

    The primary advantages are cost and speed. The Ethereum mainnet can have high gas fees and slower confirmation times, making frequent transactions for things like in-game NFTs economically unviable. Immutable X's ZK-rollup technology bundles thousands of transactions off-chain, verifies them with a single proof on-chain, enabling instant, gas-free transactions for minting and trading digital assets without sacrificing the robust security of the Ethereum network.
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