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How to Buy Kyber Network Coin – Invest with Low Fees Today

kyber network knc
kyber network knc

In a highly competitive liquidity market, Kyber Network Crystal (KNC) has separated itself by offering a convenient yet easier way to exchange cryptocurrencies than its competitors. If you are looking to buy Kyber Network Coin, you may be concerned about the safety of your funds and the fees. In this how to buy Kyber Network Coin guide, we explore how you can invest in this promising crypto asset at super low fees.

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    Best Places to Buy Kyber Network in January 2022

    Before we go ahead, let’s explore some of the best places to buy Kyber this year. Our top choices include:

    How to Buy Kyber Network Coin – Quick Guide to the Best Brokers for Buying Kyber in January 2022

    Do you want to buy Kyber right now? If yes, you can follow the four quickfire steps outlined below to get started.

    1. Open an account: You’ll first need to open an account with a trusted cryptocurrency broker. We recommend eToro, as the platform is heavily regulated, supports multiple deposit options with super-low fees.
    2. Upload ID: As a regulated brokerage site, eToro will ask you to upload a copy of your government-issued ID.
    3. Deposit: You can now deposit funds with a debit/credit card, Paypal, Neteller, Skrill, or via bank wire.
    4. Buy Kyber: Search for ‘BTC’ and click on the ‘Trade’ button. Enter the amount of Bitcoin you wish to buy ($25 minimum) and confirm the order.

    You will now have Kyber in your eToro portfolio. Most investors will keep their KNC funds on the eToro platform until it’s time to cash out. You can, however, also withdraw your Bitcoin to the eToro crypto wallet.

    How to Buy Kyber Network Coin – Tutorial

    If you prefer a more comprehensive step-by-step guide, this section will help you get set up in no time. We explore how to buy Kyber Network safely and cost-effectively below.

    Step 1: Open an Account

    The first step you need to take is to open a free account with a regulated cryptocurrency broker. To do this, head over to eToro’s website and click on the ‘Join Now’ button. You will be redirected to a signup page where you will need to provide a few details. This will cover your first and last names, username, password, email address, and a verifiable mobile number. You can also skip the process by registering with your Facebook or Google accounts.

    eToro sign up

    Next, you’ll need to enter your personal information and contact details – followed by your national tax number. You also need to verify your mobile number and choose a username and a strong password.

    67% of retail investor accounts lose money when trading CFDs with this provider.

    Step 2: Upload ID

    Following laid-down regulations to tackle money laundering and criminal financing, you will need to supply official documents to fast-track your verification process. This can be done instantly on the eToro platform. All you need to get started is to upload a copy of your government-issued ID card or a valid driver’s license. Also, you will need to provide proof of residence. You can easily do this by uploading a recent copy of your utility bill or financial statement reflecting the said address.

    Step 3: Deposit Funds

    Some of the benefits you enjoy using the eToro platform are the plethora of deposit methods you get to choose from.

    You can choose from:

    • Debit/credit card (Visa, MasterCard, Maestro)
    • Paypal
    • Skrill
    • Neteller
    • Local bank transfer (country-specific)
    • International bank wire

    Deposit fees are fixed at 0.5% no matter the payment option you choose to pay with, while US residents do not have to pay for deposits. eToro offers trader-friendly fees and increases your purchasing power compared to Coinbase’s 3.99% on debit card purchases for cryptocurrencies. Also, the minimum deposit is set at $200, while US residents can get started with $50.

    Step 4: Search for Kyber Network

    Once the deposit is complete, the next thing to do is search for Kyber Network Coin. eToro offers an easy channel to trade, and you can just type ‘Kyber Network’ into the ‘Search’ bar. Click ‘Trade’ on the first result that pops up and fill in your requisite trade.

    Step 5: Buy Kyber Network

    eToro offers a low market position, and you can buy Kyber Network for as little as $25. Set the necessary parameters and click on ‘Open Trade’ to complete the buying process.

    Where to Buy Kyber Network Coin

    Before choosing a broker to buy Kyber Network Coin through, there are a few questions you need to answer. These are:

    • Is the broker or exchange a regulated platform?
    • What are the fees you will have to pay for deposits, trades, and withdrawals?
    • What payment methods do they accept?
    • Is there enough liquidity and trading volume for the KNC token?
    • Do they offer a mobile app for trading the asset?

    The litany of our selected exchanges and brokers answer all these and more. Let’s dive in.

    1. eToro – Overall Best Broker to Buy Kyber Network Coin etoro logo

    eToro is a top-rated platform for several investment services. Over 20 million active traders use the platform, given the highly intuitive and user-friendly trading experience. Aside from this, eToro increases your chances of turning a profit from trades through the CopyTrade functionality. This allows you to copy more experienced traders than yourself trade-for-trade.

    buy bitcoin
    You can buy Kyber Network Coin and over 20 other cryptocurrencies and trade hundreds of others as a CFD product. eToro also offers reasonable fees and deposits incur a flat 0.5% notwithstanding the payment method you choose to fund your account and US residents pay zero fees for deposits. Also, you can fund your account with the minimum deposit of $200 ($50 for US residents) through a bank wire transfer, credit/debit card, PayPal, Skrill, and several other options. eToro is regulated by tier-1 financial bodies like the UK’s FCA, ASIC, CySEC, the US FINRA and FinCEN. It also uses KYC policies before verifying the user account for trading.

    Pros

    • Buy stocks and ETFs commission-free
    • Multiple payment methods
    • Reasonable fees
    • Heavily regulated
    • Low minimum deposits
    • User-friendly
    • CopyTrade and CopyPortfolio functionalities

    Cons

    • Dollar-denominated only
    • $5 withdrawal fee

    67% of retail investor accounts lose money. Invest responsibly.

    2. Capital.com – Trade KNC CFDs Commission-Free Capital.com Logo

    Another top-rated broker to buy Kyber Network Coin is Capital.com. The platform is a trusted broker for contract for differences (CFDs) trades and allows you to trade the differences between an asset’s entry price and exit price without worrying about the storage or how much the asset cost.

    capital.com Bitcoin CFDs
    Capital.com is also regulated with licenses from the FCA and CySEC. It has one of the lowest minimum deposit level and you can start trading KNC CFDs with as little as $20. You also get access to trading charts and analytical tools, enabling you to make better trading decisions. You also enjoy multiple deposit and withdrawal methods and can fund your account through a bank transfer, Sofort, iDEAL, Trustly, MulitBanko, Skrill, Neteller, and several others. Capital.com has rich educational resources for newbies on its website and also offers a demo trading account.

    Pros

    • Large exposure to investment vehicles
    • Regulated by the FCA and CySEC
    • Rich educational content
    • $20 minimum deposit
    • Offers leverage
    • Commission-free trading
    • Tight spreads

    Cons

    • CFD trading only
    • Does not support custom investment strategies

    71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

    3. Libertex – Leading Broker For Stocks and CFDs Libertex logo

    Libertex was launched in 1997 and is based in Cyprus. The brokerage firm is famous for its zero-spread pricing structure. Like Capital.com, Libertex is regulated by the CySEC and observes KYC protocols. Meanwhile, Libertex runs a limited investment service but it still exposes traders to 213 markets, including stocks, FX trading, bonds, ETFs, CFDs, and cryptocurrencies.

    You get to trade over 50 cryptocurrencies on either MetaTrader 4 (MT4) or Libertex Web Trader. Libertex offers average leverage on trades up to 1:30. Your trading account can be funded  through bank transfer, Skrill, Neteller, credit/debit cards, Multibanco, Sofort, and several others. The trading commission is charged between 0.47% and 2.5%.

    Pros

    • Large crypto offering
    • Regulated platform
    • Flexible payment channels
    • Seamless trading interface

    Cons

    • Charges for some withdrawal channels
    • Low market penetration
    • Poor educational materials

    Your Capital is at risk.

    4. Plus500 – Regulated Broker With Multiple Market Offering Plus500 logo

    Based in London and regulated by the FCA, Plus500 is a trading platform that is a subsidiary of the Plus500UK Ltd franchise. The platform offers exposure to several investment vehicles, including stocks, bonds, FX, commodities, index trades, and cryptocurrencies.

    Plus500 is more geared towards experienced traders, and its WebTrader 4 platform offers a seamless trading experience. Traders get to use tools ranging from drawing to price charts to backtesting some of their trading strategies. Plus500 offers commission-free trading with no hidden charges. However, Plus500 makes money through its ‘market spread’ which is incredibly high compared to its competitors. The EURUSD benchmark fee set at $11.8. Plus500 does not charge deposit or withdrawal fees, but an inactivity fee is levied after the third of no account activity.

    Pros

    • Commission-free trading
    • Regulated by the FCA
    • Crypto support
    • Seamless trading interface

    Cons

    • High market spread fee
    • Inactivity fee is levied

    5. Coinbase – Top US Crypto Exchange

    Coinbase is the only publicly traded crypto exchange and a highly popular crypto platform in the United States. The cryptocurrency exchange caters to both new and experienced traders and operates a different platform for both. Coinbase.com is a popular destination for crypto purchases in the US due to the ease of use and the platform’s direct approach to trading cryptocurrencies. Coinbase Pro caters to more advanced traders. However, Coinbase has high trading and deposit fees as debit card purchases are charged 3.99% of the overall transactions.

    coinbase website

    Meanwhile, credit card deposits are not supported. You can also fund your account through a bank wire transfer or e-wallet providers like PayPal. Aside from dealing in the retail space alone, Coinbase also offers custodial services for institutional investors in the nascent space through the Coinbase Custody services. Here, crypto purchases are stored in cold wallets in secret locations around the globe.
    Coinbase has a large repository of cryptocurrencies with over 100 top assets available on the platform.

    Pros

    • Publicly listed on Nasdaq
    • User-friendly platform
    • Large crypto repository
    • Multiple payment methods

    Cons

    • High deposit fees
    • No credit card support
    • High trading fees for Coinbase.com users

    Your Capital is at risk.

    6. Binance – World’s Largest Crypto Exchange Binance Logo

    Binance has a great reputation as the world’s largest crypto exchange by trading volume. It averages a minimum of $60 billion daily and has over 500 popular cryptocurrencies on offer. Binance also has one of the largest and most vibrant crypto ecosystems, launching the Binance DEX and the BSC which allows the development of dApps. Binance charges 0.1% for trades and you can discount this with the Binance Coin (BNB) token. Although it is not regulated by any financial body, Binance requires new users to complete its KYC protocol.

    buy kyber network binance

    The platform operates as a traditional brokerage firm with a mix of new generation trading capabilities. Binance has the largest deposit and withdrawal methods and you can either fund your account from your bank account, debit or credit card or peer-to-peer (P2P) channels. Aside from this, Binance offers other financial services through its Binance Earn platform.

    Pros

    • High liquidity and trading volume
    • Large crypto repository
    • Low trading fees
    • KYC requirements
    • Secure platform
    • Multiple payment methods

    Cons

    • More suitable for experienced traders
    • High debit and credit card fees

    Your Capital is at risk.

    7. AvaTrade – Legacy Crypto Trading Platform for Investors AvaTrade

    Even though it operates more in the traditional investment circles, AvaTrade has since diversified its financial services following the global crypto boom. It runs much like a social trading platform like eToro with four international offices in Ireland, Japan, Australia, and the British Virgin Islands. AvaTrade has trading licenses from all the regions it operates in including the Abu Dhabi Financial Services Regulatory Authority (FSRA). It offers automated trading software like DuploTrade for copytrading, Mirror Trader, RoboX, and API Trading.

    AvaTrade-Home-scaled-1

    AvaTrade offers exposure to cryptocurrencies, indices, CFDs, options, bonds, and FX currency pairs. The platform does not charge any deposit or withdrawal fees although a $50 account inactivity fee will be deducted after three months.

    Pros

    • Social trading platform
    • Multiple trading software for more winning trades
    • Great customer support in multiple languages

    Cons

    • High inactivity fee of $50
    • Administrative fee is set at $100
    • Slow withdrawal window

    Your Capital is at risk.

    8. Revolut – Personal Financial Banker with Crypto Support

    Revolut is traditionally a financial tech company based in London. The company is focused on enabling easy transfer, receipt, and exchange of currencies for one another. Users get to perform transactions on the move without needing to queue at the bank. However, Revolut does not run a trading platform but only facilitates exchange and currency swaps. Aside from fiat currencies, Revolut customers also have access to over 30 crypto assets on their mobile app.

    Revolut website

    You can also convert crypto to fiat in seconds. Focused on enabling easy financial transactions, Revolut also offers loans on travel and phone insurance. Virtual cards can also be ordered for convenience in settling debts.

    Pros

    • Great support for crypto
    • Rapid asset conversion services
    • Easy-to-use exchange interface
    • Loans on travel and phone insurance

    Cons

    • Lacks trading capabilities
    • Poor customer support

    Your Capital is at risk.

    9. CryptoRocket – New Crypto Trading Platform and Exchange

    CryptoRocket was launched recently in 2018 and is based in St. Vincent and the Grenadines. It offers trading and exchange services, supporting multiple investment vehicles, besides cryptocurrencies. These include FX currency pairs, stocks, bonds, and indices.

    CryptoRocket website

    You can get started on your trading journey with just a $10 deposit into your trading account. However, deposits are limited to only wire transfers, Bitcoin, and credit/debit cards. CryptoRocket offers same-day withdrawal for credit card transactions and leverage is set at 500:1. However, CryptoRocket is not regulated by any financial body at the moment.

    Pros

    • 24 hour withdrawal for credit card transactions
    • $10 deposit threshold
    • Up to 500:1 leverage on offer
    • Absence of deposit or withdrawal fees

    Cons

    • Unregulated
    • Not opened to US customers
    • Limited payment methods

    Your Capital is at risk.

    10. Changelly – Top Exchange for Instant Crypto Purchase

    Changelly is a non-custodial crypto exchange that facilitates the swapping of cryptocurrencies. It operates a private platform and allows for the buying and selling of cryptocurrencies in a private manner. It does not use KYC protocols and you can perform normal transactions without needing to provide any documentation.

    changelly website
    Just like Coinbase, Changelly operates a Pro Variant of its platform allowing for crypto earnings. It also runs an API that allows for third-party digital wallets to connect. Fees for crypto-to-crypto trade stands at 0.25% while there are no clear fees on deposits and withdrawals. Changelly supports over 1,500 cryptocurrencies and enable quick conversions. It is, however, unregulated.

    Pros

    • Over 1,500 digital assets on offer
    • Low crypto-to-crypto exchange fee
    • Great customer support
    • Rapid asset conversion

    Cons

    • High fees for crypto-to-fiat conversion
    • Changelly lags during peak trading periods

    Your Capital is at risk.

    What is Kyber Network?

    Kyber Network Coin is a digital currency like Bitcoin and several others. It is built on blockchain technology which means no central authority has to vet transactions on the network.

    However, Kyber Network differs from Bitcoin in a way as it is really a decentralized exchange (DEX) in the order of UniSwap, SushiSwap and several others. Following the growing interests in cryptocurrencies, investors were looking for the best platforms to gain exposure to the virtual assets.

    Although crypto exchanges were meant to operate in a decentralized manner, many of them shifted towards centralized operations. This saw them utilizing well-known financial market interface and tools like futures trading to acclimatize investors to the emerging industry. However, this came at the risk of security of user funds as many of them suffered from security breaches and hacks.

    Another issue was the increasing costs and fees investors needed to pay to trade or exchange these virtual assets coupled with the slow transfer times.
    DEX platforms have been created to address these bottlenecks as they are more secure, offer low fees and offer quick transfer times. Meanwhile, decentralized exchanges also have their own weak points and these are lack of liquidity and sometimes high costs in modifying trades on-chain.

    what is kyber network

    As we noted earlier, Kyber Network is a decentralized liquidity protocol that enables the rapid exchange of cryptocurrencies on-chain and solves the liquidity crisis the decentralized finance (DeFi) sub-sector has been facing through a reserve system. This reserve system enables Kyber Network users to always have access to high liquidity, swap digital tokens across several exchanges, and always keep cost at a minimum.

    KyberNetwork’ss transfer capabilities are all completed on-chain and on one single interface without users needing to use a separate exchange. This allows users to transfer digital currencies and have those tokens converted on-chain before they hit theuser’ss digital wallet. The potential magnitude of the KyberNetwork’ss capabilities come into play in commercial situations. This means any merchant can accept any cryptocurrency without worrying how they will convert them to more popular coins. Instead, they can convert the virtual asset at hand to the currency of their choice be it Bitcoin, ETH, or others by leveraging the spectacular exchange capabilities of the Kyber Network.

    The Kyber Network comprise of three core components, including the Kyber Dynamic Market Maker (DMM) Protocol, Kyber Reserve, and Kyber Developer.

    Kyber DMM enables instant exchange of any cryptocurrency without wrapping or use of order books. Kyber Reserve serves to provide liquidity to the network as third-parties pool liquidity together on the platform and can be accessed from any decentralized application (dApp) or aggregator. The safety of the pooled funds is secured through the use of a transparent fund management system where all trades are recorded.

    Kyber Developer provide developers with the needed tools and documentations on how to successfully launch new dApps, exchanges, wallets, and projects to tap intoKyber’ss liquidity pool.

    Kyber also runs a decentralized autonomous organization (DAO) which allows KNC holders to stake their digital tokens and participate in governance-related activities. Staked KNC tokens also get rewards.

    The team behind the Kyber Network project are Loi Luu, Victor Tran, and Yaron Velner. The Kyber Network started development in 2017 and the team launched the project in August of the same year. The Kyber Network launched the KNC token in September 2017 in an initial coin offering (ICO) that saw them raise over $60 million, about 200,000 ETH at the time. Each KNC token went for $1 per token and the project sold 61% of the total KNC tokens in circulation.

    The Ethereum-based protocol launched its main net in February 2018 to a few participant and the following month launched it as a public beta. Following the growing interests in DEX platforms, Kyber Network recorded a 500% increase in network traffic in second quarter of 2019.

    Why Buy Kyber Network Coin? Kyber Network Coin Analysis

    The Kyber Network Coin is a promising digital asset and the fact that it is currently going for a bargain makes it the more appealing if you are a value-driven investor. However, if you are still not convinced on its long-term growth potential, we highlight some reasons why you should buy Kyber Network Coin today below:

    Exponential Year-To-Date (YTD) Returns

    The first thing you would be concerned about if the price performance of the Kyber Network coin over the last year and that is what we are addressing first.
    Price-wise, Kyber Network Coin has come a long way. Starting the year at $0.802, the KNC has been on a transcending uptrend for most of this year.

    kyber Network price

    It really began showing intent in February when it surged to $2.536 before slowing down. The April crypto boom saw KNC continue its rally and the liquidity token surged to $4.367 and nearly retested this price action again in early May as it surged to $4.269. However, the fact that KNC and several thousands of alternative coins (altcoins) track the price action of Bitcoin have seen it slip up when the older digital currency dips in price. KNC lost majority of its value in the May crypto sell-offs and has been struggling to meet its previous highs earlier in the year.

    Despite this, Kyber Network Coin has posted more than 400% year-to-date (YTD) returns.

    KNC Tokens Are Going For A Bargain

    The meteoric rise of Bitcoin in the past year have forced investors to pay attention to the emerging industry. However, the high valuation for a single BTC ($41,494 at the moment of writing) means several retail investors will not be able to get their hands on the premier digital asset.

    Kyber Network price coinmarketcap

    Meanwhile, this is not the case with Kyber Network Coins which you can buy at current value for less than $1.4. You can afford to invest as much as you can as your KNC tokens run up to a massive financial windfall in the event of the bulls gaining control of the market and Kyber Network surge in value. This means a modest invested capital of $500 will net your more than 500 KNC tokens and an upsurge could double your investment before the year ends.

    Low Market Cap Promises Huge Gain

    The current market valuation of the Kyber Network Coin stands at slightly over $231 million with the 24-hour trading volume pegged at $24.4 million. This is considered small in the crypto scenes where large-cap assets like Bitcoin have billions of dollars on a daily basis. However, this plays out as an advantage to Kyber Network Coin as there is more room for it to grow than other large crypto projects.

    Kyber Network Is Gaining Major Adoption

    The ability of Kyber Network to exchange any digital asset for a desired one is really gaining ground in the crypto space and this has seen several top-ranking dApps and wallets and token swap services integrating with the protocol.

    Popular names like Enjin, MEW, 1Inch, TrustWallet, ParaSwap, UniSwap, SushiSwap, and hundreds of others are tapping intKyber’ss liquidity pool on a regular basis.

    Decentralized Finance (DeFi) Is Here To Stay

    The DeFi sub-sector has boomed so far this year with over $80 billion currently locked in value. More platforms are providing financial-based services in a decentralized manner and investors are embracing the new way of doing business. However, low liquidity issues has plagued the nascent sub-sector and this is where protocols like Kyber Network come into play. With its unique reserve system and user-specific crypto exchange mechanism, the decentralized liquidity provider could become a hotbed for several DeFi related services in the coming months.

    Is it Worth Buying Kyber Network in 2022?

    Kyber Network has not broken so much ground this year but it has made a powerful impact in its price action. This is reflected in its 400% increase YTD which shows that more investors are taking cognizance of the project. However, Kyber Network, alongside other crypto protocols, hit a major snag in the May crypto market crash which was spurred byTesla’ss delisting Bitcoin and China ban on BTC mining.

    This volatility led to Kyber Network Coin shedding over 60% of its value and hitting a mid-year low of $1.115 in July 2021. Great price influx, which is reflected by massive gains and dips, is still a challenge the crypto market is still trying to get a handle on. However, with time, this is expected to reduce as more adoption grows.

    Ways of Buying Kyber Network Coin

    If you want to buy Kyber Network Coin, it is only understandable that you learn the various options available to you. This section covers all that and more.

    Buy Kyber Network Coin with PayPal paypal logo

    Digital payment company PayPal is one of the legacy-backed financial institutions that is gradually embracing the crypto space. The company started adding support for cryptocurrencies last year with customers able to buy, sell, hold, and checkout with cryptocurrencies. Although KNC is not among the list of supported cryptocurrencies.

    You can buy Bitcoin and Ripple with PayPal for instance. In the case of KNC,you’lll have to go through another route.
    All you need to do is fund your PayPal account and choose it as a payment option on your preferred exchange like eToro. You get a flat deposit fee of only 0.5% of your overall transaction.

    Buy Kyber Network Coin with a Credit Card

    Credit card issuers enable users to borrow with a promise that the debt will be paid in the future. However, not every exchange or broker support buying cryptocurrencies. An instance is Coinbase which only accepts debit card payments. However, eToro supports both credit and debit card payments and this should meet your requirement if you want to buy Kyber Network Coin with your credit card.

    Meanwhile, before settling for this option you should check what the interest payable to the issuer is. Most bill a cash-advanced fee in the region of 3 to 5% on crypto purchases. We recommend consulting the credit card company before proceeding.

    Buy Kyber Network Coin with a Debit Card

    Debit cards are the most preferred option in online payments due to the speed, ease, and low-fees they attract. However, this does not make them cheap on every exchange. Some crypto exchanges charge as much as 3.99% to buy Kyber Network Coin with a debit card.

    If you are looking for a transparent and super-low fee debit card payment processing rate, we suggest using eToro as you will be charged 0.5% on your overall transaction.

    What to Remember Before Buying Kyber

    Is this your first time buying cryptocurrencies, if so we recommend considering the following tips before diving in.

    1. Cryptocurrencies are Volatile

    This is the number one challenge that has seen investment stall into the crypto market. The market is known to surge more than 20% in a bullish season and dip as well with a high margin. This abrupt outbursts of energy and subsequent dissipation is always led by crypto bellwether Bitcoin which has irked a lot of regulators globally.

    Bitcoin reacts to market news and adoption and if the market sentiment is negative following a major step by a top regulator, this could affect BTC price in the long-term and as such altcoins like Kyber Network Coin.

    However, the nascent industry has shown resilience in its twelve-year history and always bounces back. A major dip could serve as a Launchpad for a major rally as shown with KNC rallying 400% in the opening four months of the year.

    2. DEXes Are Still Novelties To Several

    Crypto adoption has been fast-tracked by the twin conflagration of Bitcoin massive adoption and the efforts of centralized exchanges (CEXes). These crypto-focused market makers follow the conventional means of trading assets and utilizes order books and other useful tools traders are already familiar with in stock market and FX trades.

    Even though they come with requisite high fees and security vulnerabilities, they are the closest and most popular means of trading cryptocurrencies. DEX platforms like Kyber Network are revolutionary and are still perceived as complex crypto trading channels by the average investor. Given this, more people tend to gravitate to CEXes and this will take some time to change. However, DEX platforms are combining the twin approach of improved user experience and education to generate interest in the revolutionary protocols.

    3. Crypto Transactions Are Not Secret

    Although cryptocurrencies are not vetted or monitored by a central authority does not mean that they are secret. In fact, crypto transactions are the most transparent financial services the world currently has. Your transactions can be queried by anyone as all transactions are verifiable in a blockchain explorer which comes with every crypto protocol.

    Even though critics have pointed out that cryptocurrencies aid crime, this is far from the truth and they are only pseudonymous at best.

    Choosing the Right Broker

    Identifying the cryptocurrency you want to invest in is one thing another is the broker or platform you should use. Presently, there are so many recommendations on social media platforms and the media and it can be difficult to pick one. However, we highlight a few criteria you should consider before picking the right broker for you.

    1. Fees

    First on your list is thebroker’ss fees. If they are exorbitant or opaque at best, move on and look for a broker with reasonable fees. Also research on thebroker’ss trading, deposit, withdrawal, and conversion fees before selecting one. A broker with reasonable fees gives you more purchasing power as you can save from the fees and buy more of the coin you want.

    2. Safety

    The next question you should try to answer is, how safe is the platform? Some brokers are lax in their security protocols and this can be a goldmine for bad actors to steal user funds. Look out for things like biometric login (for mobile apps), two-factor authentication, and auto sign out after a couple of minutes being inactive.

    3. Support

    Strong customer support service should also feature prominently as you research on a broker. You can easily search online for otherusers’’ review and learn the least response time to query the broker has.

    4. Payment Methods

    Deposit and withdrawal methods are important and need to feature in your list. Check out the supported payment methods by your chosen broker to know how flexible they are with funding and withdrawal. A good mix of bank wire transfer, credit/debit card, and e-wallet payment processors like PayPal and Square should do the trick.

    5. Volume and Liquidity

    Ensure you look at the digitalasset’ss 24-hour trading volume and liquidity levels. A broker with low trading volume and liquidity could present issues when you want to withdraw your funds.

    Kyber Network Coin Price

    KNC 1 Year Price Graph

    The Kyber Network Coin price has shown a lot of bullish and bearish movements in the last 24 hours. At press time, KNC token is trading at $1.7, up 1.51% in the last 24 hours. Considering that it started the year at a little above 80 cents, this is a remarkable turn of events. Alongside this, its April high of $4.269 shows that Kyber Network Coin has intentions to make a significant increase in the coming months.Year-to-date returns stand at a measurable 315% and should rally more before the year ends.

    Kyber Network Coin Price Prediction

    As with all cryptocurrencies, the speculation on Kyber Network Coin price has been all over the media with several predictions made. However, none of these price forecasts hit the nail on the head as the crypto market is mainly driven by market sentiment and fear of missing out (FOMO). Many forecasts are based on the technical analysis of an asset and consider the historical trading data with the aim of predicting its future price.

    However, the best method would be to focus on the asset’s adoption and market sentiment. A bullish season would primarily lead to a surge in the value of Kyber NetworkCoin’ss price even if it is for a while.

    Investing in Kyber Network Coin vs. Trading Kyber

    Making a decision on what strategy to employ in the crypto market can be somewhat difficult given the hype surrounding cryptocurrencies. While some prefer to buy and hold for the long-term, others may prefer to active trade the price of Kyber Network Coin. This section points out the major differences between both and helps you decide.

    Investing in Kyber Network Coin

    The most likely route taken by crypto newbies, investing in a digital asset means you buy and hold upwards of a year with the intent to sell when you make a handsome profit.
    You should consider investing if you do not have the needed time to actively monitor the market or do not have the technical expertise to trade the market.

    Trading Kyber Network Coin

    Trading Kyber Network Coin means entering into favourable buying positions and selling based on anasset’ss price swings. This is the path mainly chosen by experienced traders who are able to glean information from technically analyzing the price movement of an asset. When you trade the Kyber Coin, you earn revenue once your predictions are right. You can also trade with leverage, which increases the capital pool you work with.

    So, which should you choose?

    Before making a decision, there are a few factors you should consider:

    1. Time

    Time features prominently in choosing an investment strategy. If you intend to hold Kyber Network Coin beyond a year, then investing and holding should be your strategy. On the other hand, if you are looking for quick profits, then trading it should feature prominently in your plans.

    2. Reason Behind Your Investment

    A cryptoproject’ss value proposition should be the underlying reason behind your investment decision and not social media hype. If you believe that a crypto asset is worth your attention after conducting the needed background checkup, then buying and holding for the long-term should spur you.
    However, a mindframe that considers capital maximalization in the short-term will see you trade the markets.

    3. Putting in the Work

    Cryptocurrencies demand as much work if not more than what you put in making your conventional investment decisions. This means you will need to conduct through research, including aproject’ss mission as well as its fundamental and mainstream adoption. Also, historical price data will show you its price performance for a specified time and you can closely research its earnings ratio across a period of time.

    Buying Kyber Network Coin as a CFD Product

    Contract for difference (CFD) is a popular financial derivative trading that reflects an agreement between a buyer and a seller. It shows that a buyer must pay the seller the difference between the current value of an asset and the value when the contract ends. Buying KNC as a CFD product comes with a few benefits, including allowing you to trade the underlying asset without actually owning it. Another is that you only trade the differences between the entry and exit prices without considering theasset’ss current price.

    One of the top CFD brokers in the market is eToro which offers superb trading experience as well as super low fees. You also get a strong selection of digital assets to diversify your investment portfolio.

    Taxation on Kyber Network Coin Earnings

    Taxation has come to the crypto space and the Internal Revenue Services (IRS) defines cryptocurrencies as““property”” This means they are taxed under the capital gains tax and the income tax bracket.
    Below we list taxable events that fall under the capital gains tax bracket:

    • Exchange crypto for fiat
    • Paying for goods and services with crypto
    • Swapping one crypto for another on an exchange or peer-to-peer (P2P) platforms.

    Taxable events considered income tax:

    • Getting crypto from an airdrop
    • Block rewards from crypto mining
    • Interest earned from lending on DeFi platforms
    • Crypto received as payment for services rendered
    • Newly minted coin gained from staking or providing liquidity

    Calculating Your Capital Gains Tax

    Your capital gains tax can be estimated mainly from how long you have held on to your digital asset and the income tax bracket you fall under. This will help in determining:

    Short-term Tax

    Your short-term capital gains tax is calculated according to your tax bracket. This largely takes in your crypto gains or losses for less than a year.

    Long-term Tax

    If you have been holding your crypto for more than a year, you will be taxed between 0 and 20% based on your income.

    Need For Responsible Kyber Network Coin Investment

    The crypto market has boomed in the past year and is the fastest nascent industry to reach the trillion-dollar valuation in only twelve years. However, the massive returns that have characterized the space have also come with massive losses. Given this, there are a few tips you should always hold on to:

    1. Do Your Own Research (DYOR)

    We recommend doing your research before investing in any crypto asset. Some of the best places to source for information are expert review websites like Inside Bitcoins and related social media channels.

    2. Avoid Get Rich-Quick Schemes

    Like every investment opportunity, the crypto market has attracted several bad actors due to its oversized gains. These fraudsters float fraudulent schemes that promise double of whatever you decide to invest.

    Vet every promo or giveaway and ensure it is from the proper authority. Make sure that you cover every angle before giving away your crypto funds to any person.

    3. Monitor your Progress

    Keeping track of your portfolio reduces the chances of you suffering major losses and also lets you know when to liquidate a position. Make sure you make it a habit to always check your investment performance.

    4. Invest Little

    Cryptocurrencies like Kyber Network Coin come with risk which means your capital can erode in the event of a market downturn. Remember to start small and build on your winning trades.
    With several platforms now enabling traders to invest with little capital, it can help you learn how to maximize your gains and pick winning trades with time.

    5. Resist FOMO

    Fear of missing out (FOMO) has led to more bad investment decisions than good ones. Jumping on the next crypto bandwagon does not guarantee the success of the project.
    Always make sure that your investment decisions are backed with facts and not influenced by your emotions or words of those you know.

    Best Trading Robots

    Automated trading robots are becoming the new norm as investors search for means of generating more guaranteed returns on investment. Built using several cutting-edge technologies like artificial intelligence (AI) and natural language processing (NLP), these sophisticated software make trading decisions like set stop loss order, take profit, and set limit orders.

    The complex software utilize technical, fundamental, as well as market sentiment to get a‘‘full pictur’’ of a particular asset in order to pick a winning trade. The fact that they are lines of code takes away the human error which is normally led by emotions and enables more winning trades. A few top-notch crypto trading robots like Bitcoin Miner have a 99.4% success rate which means out of every 10 trade, 9 times will be a winning trade.

    However, trading bots are largely unregulated which means there are several fake ones out there.

    We highlight the best bots you can get started with:

    Best Kyber Network Coin Wallet

    Just like any other item, cryptocurrencies need to be store somewhere or in something for safekeeping. Since they are basically lines of code, crypto assets are stored in digital wallets.

    There are several crypto wallets in the market right now with the majority available as mobile apps or desktop software. More popular ones like Trezor allows you to store your KNC tokens on a hardware device. Given the importance attached to get the best crypto wallet to store your Kyber Network Coins, we briefly highlight the best crypto wallet in the market at present.

    eToro Kyber Network Wallet

    The first thing that separates eToro crypto wallet from several others in the space is the amount of cryptocurrencies you can store. eToro crypto wallet allows the safekeeping of over 120 cryptocurrencies – one of the highest in the crypto industry. You can also swap one token for another on the eToro digital wallet offering, up to 500 different pairs without incurring any fees.

    etoro walletAside from this, eToro crypto wallet is as user-centric as the investment platform and ideal for new users. It is available for both Android and iOS devices and you can buy and sell cryptocurrencies from your mobile without using a third-party app. Concerning safety, eToro Crypto Wallet has the added insurance of being regulated by the Guernsey Financial Services Commission (GFSC). You can also recover access to your funds in the event you misplace your private keys through the password recovery service that is native to the eToro Crypto Wallet.

    Kyber Network Coin vs. Other Cryptocurrencies

    Kyber Network Coin is ranked 167th on the global crypto chart which means there are more popular cryptocurrencies beside it. We explore a few of those.

    Kyber Network Coin vs. Bitcoin

    The crypto bellwether, Bitcoin has largely led the nascent industry maintaining a stronghold between 42 and 50% for the entirety of the emerging space’s twelve-year history. This is due to the first-mover advantage the digital asset enjoys and the fact that it is inherently deflationary. Given massive adoption, BTC still leads the crypto space and is the most recognized crypto brand in the world at the moment.

    Kyber Network Coin vs. Ethereum

    Known as the decentralized internet of the crypto space, Ethereum is also a top-ranking crypto protocol with a 20% market share of the trillion-dollar industry. Serving a pivotal role in the emerging DeFi market, the Ethereum network’s token ETH is the de facto currency for the sub-sector and also the non-fungible token (NFT) sub-sector.

    The protocol’s transition from proof-of-work (PoW) to proof-of-stake (PoS) consensus algorithm is expected to push the value of ETH further in the coming months.

    Kyber Network Coin vs. ADA

    The native token for the Cardano network, ADA is another top project and is the third-most valuable crypto asset by market valuation. The PoS protocol also enables the building of dApps needed for the budding DeFi and NFT sub-sectors. Also, it is useful in identity management and theplatform’ss recent launch of the Alonzo hard fork has seen many investors consider it a top rival to the Ethereum network.

    Kyber Network Coin vs. BNB

    Binance Coin (BNB) is the discount token for theworld’ss largest crypto exchange Binance. It plays a crucial role in the vibrant crypto ecosystem of the Binance exchange and is the de facto currency for all Binance-owned enterprises like Binance Smart Chain (BSC) and Binance DEX.BNB’ss continued relevance to the crypto exchange has seen it shoot in value this past months rising more than 1,000% YTD.

    Kyber Network Coin vs. Solana

    Another Ethereum competitor, the Solana blockchain offers the same services as the older dApp platform. However, its throughput and low fees have seen it attract a growing number of dApp platforms. Its green blockchain tech have seen blockchain companies like Power Ledger integrate with the protocol.

    Solana has grown more in the past month than in its entire history since it was launched. Its token SOL surged more than 800% in August and early September and only slowed down as the broader crypto market could not keep up with its pace. SOL is expected to be a major player in DeFi as the sub-sector matures.

    Where Does Kyber Network Coin Go From Here?

    Kyber Network Coin has seen better days than today and the current bearish turn of the market may make you doubt it rising again. However, the crypto market is one of the most resilient given the fact that the technology associated with the space is ground-breaking. Also, Kyber NetworkCoin’ss unique capabilities will see it continue to rise in the crypto ranks as the DeFi sub-sector gain mainstream adoption.

    If you are looking to buy Kyber Network Coin, then we recommend using regulated broker eToro. The platform offers a user-friendly interface, multiple payment methods, super low fees, as well as state-of-the-art security for user funds at all times. You can get started in as little as three minutes by clicking the link below.

    Before you begin, remember the following:

    • Investing and trading Kyber Network Coin requires putting in the effort and researching the project
    • Kyber Network Coin comes with volatility, which means the price will always go up and down
    • Always use a regulated broker or exchange for safety of your funds
    • Source for information from review websites and expert options on KNC token
    • Deal with the facts. Resist FOMO.

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    FAQs

    How do you buy Kyber Network Coin?

    You can buy Kyber Network Coin through several means although we recommend using a registered broker like eToro. The social trading platform offers safety for your funds and personal details and also low fees for using the platform.

    Should I Buy Kyber Network Coin?

    This decision is solely in your hands. However, Kyber Network Coin is a digital currency with huge potential. Its 400% increase YTD is a testament to the growing popularity of the digital asset.

    What is the best way to Buy Kyber Network Coin?

    The best way to buy Kyber Network Coin is through a trusted broker like eToro. eToro is a user-friendly and social trading platform that is home to over 20 million active users. It also offers reasonable trading, deposit, and withdrawal fees and you can fund your account through multiple payment methods.

    How does Kyber Network Coin Work?

    Kyber Network operates as a decentralized automated market maker (AMM) that enables users to provide liquidity for DeFi protocols. It also runs an exchange mechanism that allows users to exchange one digital asset for whatever asset they need. Aside from this, Kyber Network has a DAO that enables users to stake their KNC token to earn rewards.

    Is it Safe to buy Kyber Network Coin?

    Yes, we consider Kyber Coin to be a safe investment. It has none of the warning signs of a scam project.

    How do I Make Money with Kyber Network Coin?

    One way is to buy and hold for the long term and sell when the price is high. An alternative is to actively trade the price swings of the KNC token. A third option would be to mine them but this will require you to have technical expertise and a good mining setup to turn a profit.

    What are the Benefits of Buying Kyber Network Coin?

    Kyber Network Coin is one of a thriving group of small-cap cryptocurrencies in the market right now. With a lot of leeway in front of it, Kyber Network Coin has the potential to make massive returns on investments in the long term. This is due to its unique value proposition and growing adoption in the crypto space.

    What are the Best Kyber Network Coin Brokers?

    Several brokerage firms now offer support for cryptocurrencies. However, we recommend using eToro given the combination of low fees and strong reputation in the market.

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