USD to ICP: Convert United States Dollar to Internet Computer instantly

You can buy Internet Computer (ICP) with USD on various cryptocurrency exchanges. The process typically involves creating an account, completing KYC verification, depositing USD via bank transfer (ACH/wire) or credit/debit card, and then executing a trade for the USD/ICP pair. Once purchased, you can store your ICP in a secure wallet.

Internet Computer (ICP) is used for building and hosting fully decentralized applications (dApps), websites, and enterprise IT systems directly on the blockchain. Its capabilities support decentralized social media, DeFi applications, and even entire metaverses, all running on-chain with web speed and a unique 'reverse gas model' that simplifies user experience.

To sell Internet Computer (ICP) for USD, you need to transfer your ICP tokens from your personal wallet to a cryptocurrency exchange that lists the ICP/USD pair. On the exchange, place a sell order. Once the order is filled, the resulting USD balance can be withdrawn to your linked bank account.

The Internet Computer (ICP) network incorporates several security features. Its core is Chain Key Technology, a set of cryptographic protocols that allows the network to scale and finalize transactions quickly. The network is governed by the Network Nervous System (NNS), an autonomous, decentralized algorithmic system that helps protect it from attacks and manages its evolution.

Canister smart contracts are an evolution of traditional smart contracts. On the Internet Computer (ICP), a canister is a bundle of WebAssembly (Wasm) bytecode and memory pages that can store both code and data. They can serve web content directly to users, run in parallel, and scale automatically, forming the building blocks of dApps on the network.

The Network Nervous System (NNS) is the open, on-chain governance system that controls the Internet Computer (ICP) blockchain. ICP token holders can stake their tokens in 'neurons' to vote on proposals that determine the network's future, including protocol upgrades and the onboarding of new node machines, ensuring decentralized control.

For maximum security, store your Internet Computer (ICP) in a hardware wallet that supports the ICP token. Alternatively, you can use software wallets like the NNS dApp, which integrates with Internet Identity, a secure blockchain authentication system. Avoid leaving large amounts of ICP on exchanges for long periods to minimize custodial risk.

When trading Internet Computer (ICP) with USD in the United States, you are subject to financial regulations, including those from the IRS and FinCEN. Exchanges require Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. All profits from trading are considered capital gains and must be reported on your taxes.