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

Author: Kane Pepi

Kyber Network Crystal is a promising digital currency that aims to solve the liquidity issues faced by decentralized finance (Defi) platforms. If you want to buy this cryptocurrency, you’ll need a top-rated broker on your side. In this guide, we show you How to buy Kyber Network Coin through a regulated broker that charges super low fees.

How to Buy Kyber Network Coin  – Quick Guide

Don’t have time to read this guide on how to buy Kyber Network in its entirety? If so, below you will find four simple steps that will allow you to purchase the digital currency in less than 10 minutes.

  1. Open an account: To get the ball rolling, you’ll need to open an account with an online broker that supports Kyber Network. eToro is regulated, accepts multiple payment methods, and allows you to buy Kyber Network with low fees.
  2. Upload ID: You will need to upload a copy of your passport or driver’s license to verify your identity. Your documents should be verified by eToro in a few minutes.
  3. Deposit: You can now make a deposit into your eToro trading account. The broker supports Visa, MasterCard, Paypal, Neteller, Skrill, bank wire, and more.
  4. Buy Kyber Network: Finally, search for Kyber Network and click the ‘Trade’ button, enter your stake ($25 min) and confirm your purchase.

eToro allows you to store your Kyber Network crypto tokens within its own secure wallet. As such, you can keep hold of the tokens until you decide to sell your investment.

How to Buy Kyber Network Coin Tutorial

If you’re completely new to online cryptocurrency trading and need some additional guidance – this section of our guide will show you how to buy Kyber Network in a more comprehensive manner.

Step 1: Open an Account and Upload ID

First and foremost, you will need to open an account with a top-rated cryptocurrency broker. Although you might be tempted to use Coinbase – you should know that the platform charges 3.99% to buy digital currency with your debit card – and 1.49% in standard trading fees.

On the contrary, eToro charges just 0.5% on deposits (0% for US traders). As such, we would suggest opening an account with eToro. To do this, simply visit the provider’s website and click on the ‘Join Now’ button.

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.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

Step 2: Upload ID

By using a regulated broker that does everything by the book – you’ll need to have your identity verified before you can buy cryptocurrency. At eToro, this part of the process can be completed instantly. All you need to do is upload a proof of address (utility bill or bank account statement) and a copy of your government-issued ID (passport or driver’s license).

Step 3: Deposit Funds 

One of the best things about using eToro to buy Kyber Network is that you can choose from a wide variety of payment methods.

This includes:

  • Visa
  • Visa Electron
  • MasterCard
  • Maestro
  • Skrill
  • Neteller
  • Paypal
  • Bank Wire

The minimum deposit for US traders is $50 and $200 in most other regions. As noted above, you’ll pay nothing in deposit fees if you’re a US trader using a payment method denominated in USD. Everyone else pays a small FX conversion fee of just 0.5%.

Step 4: Search for Kyber Network 

To buy Kyber Network coin in the easiest way possible, use the search box at the top of the page. When you see the Kyber Network logo pop-up – click on the ‘Trade’ button next to it.

Step 5: Buy Kyber Network 

The final part of the process is to set up your buy order. This is simple at eToro, as you only need to enter your stake. The platform supports fractional ownership, you can buy any amount of Kyber Network crypto tokens as long as you meet a $25 minimum.

To complete your order, click on the ‘Open Trade’ button.

Step 6: How to Sell Kyber Network 

Your Kyber Network crypto tokens can now be found within your eToro portfolio. You’ll notice that the value of your investment updates every few seconds in-line with current market prices. If you want to cash out your Kyber Network crypto tokens, you can do this from within your portfolio by clicking on the ‘Sell’ button.

Where to Buy Kyber Network Coin eToro

Choosing the right cryptocurrency broker buy Kyber Network coin is crucial, as you will be entrusting the platform with your capital.

The most important things to look for when choosing where to buy Kyber Network is as follows:

  • Is the broker regulated?
  • What fees does the broker charge on deposits, trades, and withdrawals?
  • What payment methods are supported?
  • Does the platform have sufficient liquidity levels?
  • Can you buy and sell Kyber Network on your mobile device?

Taking the above metrics into account, below you will find a small selection of top-rated brokers that allow you to buy Kyber Network in a safe and low-cost manner.

1. eToro – Overall Best Way to Buy Kyber Network Coin

etoro logo

eToro is our number one pick when comes to where to buy Kyber Network. The platform has a growing list of cryptocurrencies that you can purchase with ease. On top of Kyber Network, this includes everything from BTC, XRP, and Cardano to LINK, UniSwap, and ETH.

Each and every digital currency on the eToro platform can be purchased with super low fees. You will also benefit from low fees when it comes to making a deposit. As noted above, US traders can deposit funds fee-free and all other nations pay just 0.5%.

where to buy Dogecoin

Supported payment methods include Paypal, Skrill, Neteller, Visa, MasterCard, Maestro, bank wire, and more. The minimum deposit is $50 for US traders and $200 for everyone else. The minimum stake per Kyber Network trade is just $25.

eToro – which is home to over 20 million traders, offers a Copy Trading tool that allows you to invest passively. This is because you will automatically copy your chosen trader like-for-like, which is especially great for newbies. The social trading platform also offers a professionally managed portfolio service that includes a basket of cryptocurrencies.

etoro copy trading

When it comes to safety, eToro is regulated on multiple fronts. This includes the FCA (UK), ASIC (Australia), and CySEC (Cyprus). For those in the US, you’ll be pleased to know that eToro is registered with the SEC and FINRA. eToro also offers a mobile trading app that allows you to buy and sell Kyber Network crypto tokens on the move.

Past performance is not an indication of future results.

Pros

  • Buy stocks and ETFs commission-free
  • Over 2,400 global shares and 250 ETFs
  • CFD markets also offered
  • Social network with copy trading tools
  • Top-rated trading app
  • Regulated by the FCA, CySEC, and ASIC
  • Registered with the SEC and FINRA

Cons

  • Withdrawal and inactivity fees

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

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

2. Binance – Top-Rated Cryptocurrency Exchange to Buy Kyber Network

Binance Logo

Binance is another option that you might consider when looking at how to buy Kyber Network crypto tokens online. The cryptocurrency exchange attracts billions of dollars worth of trading activity each and every day – making it one of the largest in this space.

In terms of supported Kyber Network markets, you won’t be able to purchase the token directly with fiat currency. On the contrary, the platform offers a market against Bitcoin, Ethereum, USDT, and BUST.

buy kyber network binance

This means that you will need to exchange Kyber Network tokens from another digital currency. In doing so, you will pay a very small commission of just 0.1% per slide. If you are able to deposit funds with a cryptocurrency, Binance won’t ask you for any personal information or KYC documents.

If you have your heart set on buying Kyber Network tokens with a fiat currency method, Binance does allow you to deposit funds with a debit/credit card or bank wire (location dependent). The exact fees on this will depend on where you live but can sit between 1.8% and 4%. – so be sure to check this out.

buy kyber network binance

If opting for a bank wire deposit, this can be free of charge. But, again, this will depend on your country of residency. Either way, if depositing funds with fiat money you will need to go through a KYC process. Once you have bought Kyber Network, you can store them on the platform or withdraw them to the Trust Wallet – which is backed by Binance.

Pros

  • Largest cryptocurrency exchange in terms of trading volume
  • Hundreds of cryptocurrency pairs supported
  • Trading commission of just 0.1%
  • Supports debit/credit cards and bank transfers
  • Great reputation in the cryptocurrency scene
  • Ideal for advanced traders that seek sophisticated tools and features

Cons

  • Not great for newbie investors
  • Credit card deposit fee of between 1.8% and 4% depending on where you live

Your Capital is at risk.

Kyber Network Coin Payment Methods

Wondering what payment methods you can use to buy Kyber Network coin? Let’s take a look at your options.

Buy Kyber Network Coin with PayPal

It’s easy to buy Kyber Network coin with PayPal if you use a broker like eToro. eToro accepts payment using PayPal as well as other popular e-wallets like Neteller and Skrill. You can transfer as little as $50 to get started and your funds appear in your trading account instantly.

Alternatively, you can buy Bitcoin with PayPal. Then you can use any cryptocurrency exchange, including eToro and Binance, to buy Kyber Network coin with Bitcoin.

Buy Kyber Network Coin with Credit Card or Debit Card

You can also purchase Kyber Network coin using a credit card or debit card. eToro and Binance both accept Visa and Mastercard debit/credit cards and can process your payment in seconds. Just note that some cryptocurrency exchanges, including Binance, charge an extra fee for instant crypto purchases with a credit or debit card.

Buy Kyber Network Coin with Bank Transfer

Finally, you can buy Kyber Network coin using a bank transfer. Use your crypto exchange to initiate a transfer to your trading account. Funds may take several days to appear, so you won’t be able to buy Kyber Network right away with this payment method.

What is Kyber Network Coin?

Kyber Network (KNC) is a growing cryptocurrency project that held its ICO (Initial Coin Offering) in 2017. The platform’s primary objective is to solve the liquidity issues found in the decentralized exchange arena. For those unaware, decentralized exchanges allow you to trade cryptocurrencies without a centralized operator.

This means that both the buyer and seller are dealing with each other on a peer-to-peer basis. This also means that the exchange never has access to your digital coins – as the platforms operate in a decentralized manner. However, the key problem with decentralized exchanges is that at present – they still lack sufficient liquidity levels.

what is kyber network

This is where Kyber Network comes in. The platform has built an innovative protocol that is able to aggregate liquidity from a number of different sources – all of which is facilitated via decentralized smart contracts. This includes other decentralized exchanges, cryptocurrency token holders (through staking), and direct market participants.

When it comes to the KNC token itself, this is used to govern and fuel the Kyber Network. Those holding Kyber Network tokens are able to vote on network proposals, earn additional digital funds through staking, and earn rebates on trading fees. With that said, most people buy Kyber Network with the hope its value will increase over time.

Why Buy Kyber Network Coin? Kyber Network Coin Analysis

If you’re wondering whether or not you should buy Kyber Network, there are several reasons why this digital currency could be a good addition to your portfolio.

This includes the following:

Great 12-Month Returns

Let’s start with the past performance of Kyber Network tokens over the prior 12 months. In mid-May 2020, you would have paid just $0.62 for a single Kyber Network token.

Although somewhat volatile over the proceeding few months, Kyber Network hit 52-week highs of $3.75 in April 2021. This means that in under 12 months of trading, Kyber Network increased in value by over 475%.

Upside Potential is Huge

In comparison to other digital assets, it is true that gains of 475% over the past year are relatively modest. However, it must be noted that the upside potential with Kyber Network is significantly greater than some of its larger industry counterparts.

kyber Network price

This is because, at the time of writing, Kyber Network has a market capitalization of just over $612 million. In the world of digital currencies, this is small.

  • For example, the likes of Binance Coin and Dogecoin carry a market cap of over $88 billion and $64 billion respectively.
  • You then have Cardano and Internet Computer at $59 billion and $41 billion.
  • As such, there is only so much further than the aforementioned cryptocurrencies can go – at least in terms of market capitalization.

But, in the case of Kyber Network, the upside potential is still huge. As such, you still have a chance to invest in this promising digital coin while it has a valuation of sub-$1 billion.

KNC Tokens are Cheap

A lot of investors are put off by the fact that a single Bitcoin will now cost tens of thousands of dollars to purchase. This is also the case with other promising digital currencies, with the likes of Yean.Finance and Wrapped Bitcoin trading at over $66,000 and $49,000 respectively.

However, when it comes to Kyber Network, you can purchase a huge allocation of tokens without breaking the bank. This is because, at the time of writing, you will pay just $3 per Kyber Network crypto token. As such, a modest investment of $300 would entitle you to 100 KNC tokens.

Easy to Buy

Although Kyber Network is still a small-to-medium-cap project, making an investment has never been easier. There is no need to use an unregulated cryptocurrency exchange that suffers from low levels of liquidity. Instead, you can now buy Kyber Network tokens online from a trusted platform like eToro.

All you need to do is register an account, make a deposit with a debit/credit card, bank transfer, or e-wallet, and then choose how many coins you wish to buy. All of this can be achieved from the comfort of your home and you will be using a platform that is heavily regulated.

Kyber Network Price

At the time of writing, the Kyber Network price is trading at $3.05 per token. This is done from the previous highs of $3.75 that is achieved in April 2021. But, the tokens were trading at $0.81 on January 1st, 2021. As such, the Kyber Network price is currently returning year-to-date gains of 271%.

Kyber Network Price Prediction

As is the case with most cryptocurrencies, making a Kyber Network price prediction is not a straightforward process. This is because the digital currency arena is largely fueled by wider market speculation and fear of missing out (FOMO).

kyber network price prediction

With that said – and as noted earlier, the upside potential with Kyber Network is arguably a lot higher than a lot of other blockchain assets – based on its relatively modest market cap. At current prices, Kyber Network prices, this stands at just over $612 million.

Kyber Network ICO Price 

The Kyber Network team initiated their ICO in September 2017. The ICO put the initial Kyber Network price at $0.38 per token. In total, the project raised the crypto-equivalent of $52 million.

Baring in mind that Kyber Network tokens breached an all-time high of almost $5.60 in 2018 – early backers had the opportunity to cash out at gains of over 14 times their original investment. Even at current Kyber Network prices of $3.05 – early investors are looking at sizable returns.

Best Kyber Network Wallets

Kyber Network tokens – like all cryptocurrencies, must be stored in a digital wallet. If you decide to obtain a decentralized wallet, then you will be 100% responsible for the safekeeping of your funds. You also need to explore what security features the wallet offers and how easy it is to transfer tokens in and out.

If you’re looking for the best Kyber Network wallets in the market right now – check out the selections below.

eToro Kyber Network Wallet

We reviewed eToro earlier and focused on the fact that you can buy Kyber Network tokens in a regulated and low-cost environment. With that said, eToro also allows you to store your KNC tokens in a safe and convenient way. In fact, as soon as you complete your purchase, your tokens will be kept in the wallet governed by eToro.

This means that you don’t need to download a wallet to your device or worry about private keys and external security threats. It also means that you can sell your Kyber Network investment instantly without needing to transfer the tokens back into eToro.

etoro wallet

If you are looking for more control over your Kyber Network tokens, eToro also offers a top-rated digital wallet that you can download to your phone. This comes in the form of an iOS and Android app – which supports over 120+ digital currencies. The eToro app also allows you to buy, sell, and exchange crypto assets.

Binance Kyber Network Wallet

Binance also offers its own mobile wallet that can be downloaded free of charge to iOS and Android devices. The ‘Trust Wallet’ supports a magnitude of digital currencies – including KNC tokens. In fact, Binance recently integrated the Kyber Network liquidity pool into its wallet, meaning that you can trade digital currencies with ease.

As a decentralized wallet, you will need to ensure that you take great care in keeping your private key and backup passphrase safe. Ultimately, if you lose your credentials, you won’t be able to regain access to your wallet. This is why some users prefer to keep their Kyber Network tokens on the Binance web wallet.

Although this option is less secure than the Trust Wallet, Binance still offers a number of core safeguards. For example, the vast majority of client-owned cryptocurrencies are kept offline via cold storage. You will also need to bypass 2FA security to log in to your account and Binance also provides IP and device whitelisting.

Kyber Coin Reddit – Keep Up to Date with Kyber

Reddit is home to a growing community of Kyber Network investors, token holders, and traders. With almost 11k Kyber Network Reddit members, this is a great way to keep up to date with key project developments.

In fact, the Kyber Network management team itself uses the Reddit group to publish important updates related to technological advancements, partnerships, and more.

eToro – Best Broker to Buy Kyber Network Coin 

In summary, Kyber Network is one of the most exciting projects currently active in the ever-growing cryptocurrency arena. After all, the project solves a real-world problem of sub-par liquidity levels at decentralized exchanges.

If you’re wondering where to buy Kyber Network coin right now – the process at eToro takes minutes and now you know how to buy Kyber Network coin there.

You can instantly deposit funds with a debit/credit card or e-wallet and you can safely store your KNC tokens in the eToro wallet. Most importantly, eToro is heavily regulated and charges extremely low fees!

etoro logo

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

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

 

FAQs

Should I buy Kyber Network Coin?

Like all cryptocurrencies, there is no knowing what the future holds for Kyber Network - especially when it comes to the value of its token. This is why you are advised to perform lots of research before buying Kyber Network Coin.

Where can I buy Kyber Network Coin?

You can buy Kyber Network coins from multiple cryptocurrency exchanges. However, if you want to use a debit/credit card or an e-wallet like Paypal, eToro is the best option. This regulated online broker charges super low fees on cryptocurrency purchases and has a minimum trade size of just $25.

Is Kyber Network a Good Investment?

In the first five months of 2021, Kyber Network has increased by over 282% - based on current prices of $3.05. Most importantly, Kyber Network has a market capitalization of just over $600 million, meaning that the upside potential is huge. This is especially the case when you consider that speculative projects like Dogecoin have since breached a market valuation of over $90 billion!

How much Kyber Network Coin should I buy?

Although Kyber Network is a promising project that is likely to do great things for the decentralized exchange arena, you still need to tread with caution. Ultimately, you should never invest more than you are prepared to lose - so consider keeping your stakes modest.

What is Kyber Network Stock?

There is no such thing as Kyber Network stock - as the KNC is a digital currency.

How much is Kyber Network Coin worth?

At the time of writing, Kyber Network Coin is worth $3.05. This is down from its previous 52-week high of $3.75.

Will Kyber Network Coin go up?

There is no knowing how the digital currency markets will perform in the future - so you will need to do your own research to determine whether or not you think Kyber Network Coin will go up.

 

Remember, all trading carries risk. Past performance is no guarantee of future results.
Kane Pepi

Kane holds academic qualifications in the finance and financial investigation fields. With a passion for all-things finance, he currently writes for a number of publications in the online space.