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Convert
Thai Baht (THB) to ICON (ICX) Instantly

THB THB
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Thai Baht (THB) 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 THB 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 THB/ICX trading pair and how does it represent a fiat on-ramp to the ICON network?

    The THB/ICX pair allows for the direct exchange of Thai Baht (THB) for ICON's native digital asset, ICX. It functions as a crucial fiat on-ramp, enabling users in Thailand to enter the ICON ecosystem directly using their local currency. This process typically occurs on a regulated cryptocurrency exchange where users can place orders in an order book, facilitating access to ICON's DPoS network and its interoperability features.

  • What are the common payment methods in Thailand for purchasing ICX through a THB fiat gateway?

    To buy ICX with THB, users on regulated Thai exchanges typically utilize local payment methods. The most common are direct Thai Baht bank transfers and QR code payments (like PromptPay). These methods are favored for their speed and integration with the local banking system. All transactions require KYC/AML compliance, ensuring a secure trading environment as mandated by the SEC of Thailand.

  • How does acquiring ICX with THB facilitate participation in ICON's Blockchain Transmission Protocol (BTP)?

    Purchasing ICX with THB is the first step to engaging with ICON's core interoperability solution, the Blockchain Transmission Protocol (BTP). ICX is required to pay for blockchain transaction fees within the network. By holding ICX, users can interact with cross-chain applications, transfer assets between connected blockchains, and participate in the governance of this 'network of networks,' fully leveraging ICON's vision for a connected blockchain ecosystem.

  • After buying ICX with Thai Baht, how can I participate in ICON's DPoS consensus by staking?

    Once you've converted THB to ICX on an exchange, you should transfer your ICX to a secure digital wallet that supports ICON, such as Hana or ICONex. Within the wallet, you can stake your ICX and delegate it by voting for Public Representatives (P-Reps). This action helps secure the network through its Delegated Proof-of-Stake (DPoS) mechanism and earns you staking rewards, giving your digital asset utility beyond simple trading.

  • What fee structures should I be aware of when trading the THB/ICX pair on a cryptocurrency exchange?

    When trading THB to ICX, expect several potential fees. First, there are deposit fees for funding your account with Thai Baht. Second, the exchange will charge a trading fee, often a percentage of the transaction value, which can vary based on your trading volume. Finally, when you withdraw your ICX to a private digital wallet, there will be a network fee for the blockchain transaction, which is typically very low on the ICON network, plus a withdrawal fee from the exchange.
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