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Convert
South African Rand (ZAR) to IoTeX (IOTX) Instantly

ZAR ZAR
IOTX IOTX
Buy IoTeX (IOTX)

Purchase IoTeX (IOTX) with South African Rand (ZAR) 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 ZAR 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 does the ZAR/IOTX trading pair represent and how does it function on a cryptocurrency exchange?

    The ZAR/IOTX pair is a direct fiat on-ramp allowing you to buy IoTeX (IOTX) tokens using the South African Rand (ZAR) on a cryptocurrency exchange. This avoids converting ZAR to another major currency first. On an exchange's order book, it matches buyers offering ZAR with sellers of IOTX, enabling a direct digital asset purchase and streamlining access to the IoTeX DePIN ecosystem.

  • What are the common payment methods for purchasing IOTX with South African Rand (ZAR) on regulated platforms?

    In South Africa, the most common fiat on-ramp methods to buy IOTX with ZAR include Electronic Funds Transfer (EFT) directly from a local bank account and debit/credit card payments. Using a cryptocurrency exchange that complies with South African KYC/AML regulations is crucial for secure trading. EFT is often preferred for lower fees on larger digital asset purchases, while card payments offer faster transaction processing.

  • What makes IoTeX (IOTX) a unique project in the Decentralized Physical Infrastructure (DePIN) sector?

    IoTeX is a foundational Web3 platform designed to connect real-world data from IoT devices to the blockchain, pioneering the concept of MachineFi. Its uniqueness in the DePIN space comes from its EVM-compatible modular infrastructure, including the W3bstream middleware, which simplifies development for projects that reward users for contributing data from physical devices. This creates a trustless, verifiable bridge between the physical and digital worlds, powered by the IOTX token.

  • What are the key features of IoTeX's Roll-DPoS consensus, and how does it affect IOTX token holders?

    Roll-Delegated Proof of Stake (Roll-DPoS) is IoTeX's in-house consensus mechanism that ensures high scalability and network security. It randomly selects a committee of delegates to produce new blocks, making it highly efficient. For IOTX token holders, this mechanism enables them to participate in network governance by staking IOTX. Staking not only secures the network but also allows holders to earn rewards, giving the digital asset direct utility within the IoTeX ecosystem.

  • What kind of fees are typically associated with ZAR to IOTX blockchain transactions?

    When transacting ZAR for IOTX, you'll encounter several potential fees. First, there's a deposit fee for your fiat on-ramp, which varies between EFT and card payments. Second, the cryptocurrency exchange will charge a trading fee (maker or taker fee) for executing the ZAR/IOTX trade. Finally, if you move your IOTX to a personal digital wallet, you'll pay a network withdrawal fee, which is a standard part of any blockchain transaction to compensate network validators.
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