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Ukrainian Hryvnia (UAH) to IoTeX (IOTX) Instantly

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Buy IoTeX (IOTX)

Purchase IoTeX (IOTX) with Ukrainian Hryvnia (UAH) easily at Switchere and benefit from fast, secure transactions.

About
IoTeX (IOTX)

IoTeX (IOTX) is a decentralized network specifically engineered to power the Internet of Things (IoT) and establish the foundation for MachineFi, an emerging machine-driven economy. This Web3 infrastructure project aims to securely connect real-world devices, such as sensors and smart gadgets, with blockchain applications. At its core, IoTeX features an EVM-compatible Layer 1 blockchain that utilizes a unique Roll-Delegated Proof of Stake (Roll-DPoS) consensus mechanism. This design ensures high scalability, low transaction costs, and robust cryptographic security, which are essential for managing millions of concurrent device interactions.

A key innovation is W3bstream, a decentralized off-chain compute infrastructure that acts as a bridge for real-world data. It processes information from connected devices and triggers on-chain smart contracts, effectively creating a verifiable data oracle for the IoT ecosystem. The native IOTX utility token is integral to the network's operation. It is used for paying gas fees, staking by delegates and voters to secure the blockchain and participate in governance, and for registering and managing decentralized device identities. By enabling trustless device-to-device communication and automation, IoTeX is positioning itself as a foundational platform for the future of the decentralized machine economy.

IoTeX (IOTX)

How to Buy IoTeX (IOTX)

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

    Choose UAH to IOTX Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your IoTeX Wallet Address

    Provide your IOTX wallet address and proceed with the payment.

  3. 03

    Receive Your IoTeX

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

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Frequently asked questions

  • What is the UAH/IOTX trading pair and why is it significant?

    The UAH/IOTX pair represents the direct exchange rate between the Ukrainian Hryvnia (UAH) and the IoTeX (IOTX) token. It's a crucial fiat on-ramp for Ukrainian users, allowing them to directly purchase this digital asset without first converting UAH to another currency. This is significant because IoTeX is a leading blockchain platform for DePIN (Decentralized Physical Infrastructure Networks), aiming to connect real-world IoT devices and their data to Web3, an area known as MachineFi.

  • What are the common methods to buy IOTX using a Ukrainian bank card?

    To buy IOTX with UAH, you typically use a cryptocurrency exchange that supports UAH deposits. Many platforms allow users to fund their accounts directly using Ukrainian bank cards, such as those from PrivatBank or Monobank. Another popular route is through peer-to-peer (P2P) services, where you can buy IOTX directly from another individual using local payment methods. In all cases, you will need to complete a KYC/AML verification process on the chosen platform for secure trading.

  • What technical aspects of IoTeX are important for a new investor to understand?

    A new investor should understand that IoTeX is an EVM-compatible blockchain built for the Internet of Things (IoT). Its key technology includes W3bstream, an off-chain compute infrastructure that processes real-world data from devices for dApps. This enables the 'MachineFi' economy. The network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, and the IOTX token is used for gas fees, staking, and governance, making it integral to the operation of its DePIN ecosystem.

  • Are there typical fees associated with UAH to IOTX blockchain transactions?

    Yes, several fees can apply. First, the cryptocurrency exchange will charge a trading fee for executing the UAH/IOTX order. Second, depositing UAH via a bank card may incur a fee from the payment processor. Finally, if you move your IOTX from the exchange to a personal digital wallet (like ioPay), you will pay a network withdrawal fee, which covers the cost of the blockchain transaction on the IoTeX network.

  • After buying IOTX, what are its main uses within the IoTeX ecosystem?

    The IOTX token is central to the network's function. Its primary uses include: 1) Staking IOTX to help secure the network and earn rewards. 2) Paying for gas fees for transactions and smart contract executions. 3) Participating in governance by voting on proposals that shape the future of the IoTeX protocol. 4) Powering DePIN applications that leverage real-world data from connected devices.
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