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Convert
Philippine Peso (PHP) to ICON (ICX) Instantly

PHP PHP
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Philippine Peso (PHP) 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 PHP 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 Philippine Peso (PHP)?

    To buy ICON (ICX) with Philippine Peso, you typically use a regulated cryptocurrency exchange that serves as a PHP fiat on-ramp. Common payment methods include direct bank transfers from local Philippine banks, or popular e-wallets like GCash and PayMaya. These platforms require KYC/AML compliance before you can execute a digital asset purchase and trade on the PHP/ICX order book.

  • Why is the PHP to ICX pair significant for accessing ICON's interoperability protocol, BTP?

    The PHP/ICX pair provides a direct fiat gateway for users in the Philippines to enter the ICON ecosystem. Acquiring ICX is the first step to interact with ICON's core technology, the Blockchain Transmission Protocol (BTP). BTP enables cross-chain communication and asset transfers, so converting PHP to ICX allows users to participate in a multi-chain environment and utilize ICON dApps that leverage this advanced interoperability.

  • After buying ICX with PHP, how do I participate in ICON's Delegated Proof-of-Stake (DPoS) system?

    Once you have acquired ICX through a PHP transaction, you must move your digital asset from the exchange to a compatible digital wallet, like Hana or ICONex. Within the wallet, you can engage in ICX staking. This involves delegating your ICX to Public Representatives (P-Reps), who validate blockchain transactions. By participating in this DPoS consensus mechanism, you help secure the ICON Republic and can earn staking rewards.

  • What are the typical fees when converting Philippine Peso to ICX on an exchange?

    When converting PHP to ICX, expect a few potential fees. First, there may be a deposit fee for your PHP, depending on the payment method (e.g., GCash or bank transfer). Second, the cryptocurrency exchange will charge a trading fee, often a small percentage of the transaction value, when you execute the buy order. Finally, if you withdraw your ICX to an external digital wallet, a network fee is required to process the blockchain transaction, which is standard for most digital asset transfers.

  • What security practices are essential when trading the PHP/ICX pair and storing my ICX?

    For secure trading of PHP/ICX, always use a reputable cryptocurrency exchange with strong security features like two-factor authentication (2FA). After purchasing, it's highly recommended to move your ICX off the exchange into a secure, non-custodial digital wallet where you control the private keys. For long-term storage, a hardware wallet offers the best protection against online threats. Always double-check wallet addresses before sending and be wary of phishing scams.
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