Buy ICON

ICON (ICX) is a decentralized blockchain platform from 2016 with the vision to connect all blockchains together in one large ecosystem. In this way ICON wants to solve the problem that the blockchains of different digital currencies cannot communicate with each other. At this moment the ICON has already succeeded in connecting different blockchains to each other, such as the blockchains from Bitcoin and Ethereum. ICON intends to add more blockchains in the future, so that fewer and fewer third parties will have to be involved and many processes can be automated.

ICON is a kind of blockchain that links various other blockchains together. Different types of smart contracts are used to achieve this. This application has the advantage that information on one blockchain can be shared with users of another blockchain.

Suppose a patient goes to a hospital. This hospital only wants to help the patient after it has been established that the patient is insured with a health insurer. If the hospital and the health care provider did not use the same blockchain, it would not be possible for the information from the health care provider to be shared with the hospital. However, ICON technology makes this possible. As a result, parties can even choose the type of blockchain on which they want to store information and it is also possible that this information can still be shared with third parties that use other blockchains.

Bitvavo makes it as easy as possible to buy the currency of the future.

1. Sign Up
Create a free account with which you can buy, sell, send, receive and store ICON. Access your Bitvavo wallet from every location, both mobile and desktop.

2. Transfer Funds
Transfer euros to your Bitvavo wallet using one of the 8 supported payment methods, including Credit Card. Instantly buy ICON, once the payment is processed.

3. Trade
Buy or sell over 50 digital assets and pay a maximum trading fee of 0.25%. Send ICON to an external wallet or store them on your Bitvavo wallet.

You need a wallet in order to store and use ICON. There are several options for saving and using ICON.

Hosted Wallet
Hosted wallets are wallets where the access keys to your ICON are managed by a third party such as Bitvavo. Access to your account is protected by a password, and possibly other advanced security methods. Once you are logged in, you can easily and conveniently manage your ICON online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform. Click here for more information about how Bitvavo saves your digital assets as securely as possible.

Software wallet
A software wallet is a program installed on your computer or any other desired device in order to use and manage your ICON. By using a software wallet, you have full control over your "private keys" (and therefore your ICON), so you are not dependent on third parties such as Bitvavo. The software wallet simplifies the process of accessing your ICON. The risk is that if malicious parties have access to your device, your private keys (and therefore your ICON) can be stolen.

Hardware wallet
A hardware wallet is a physical device on which you can store your ICON offline. It is one of the safest ways to store your ICON, because the private keys are stored on a seperate, offline, device. Access to this device is often protected by a password. In that respect, a hardware wallet can be compared to a safe in which your ICON are stored.

You can use a hosted wallet, as offered by Bitvavo, to easily store, send and receive ICON. However, you are, just like at a bank, dependent on a third party (Bitvavo) for storing your ICON.

One of the advantages of ICON is that you can send, receive and store your own digital assets without the relying on third parties. You do this by sending your ICON, from your Bitvavo wallet, to your own software or hardware wallet.