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In a highly competitive liquidity market, Kyber Network Crystal (KNC) has separated itself by offering a convenient yet more accessible 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.
How to Buy Kyber Network – Quick Guide
The Kyber Network token can be bought in a matter of minutes by following a few simple steps. Follow the steps below:
Choose a cryptocurrency exchange – we recommend Binance
Create an account
Search for ‘Kyber Network’ in the platform
Select your payment method
Enter how much of the Kyber Network token you want to buy
74% of retail investor accounts lose money when trading CFDs with this provider....
Rating
4.5
4.5
4.5
5
For Beginners
Instant Verification
Mobile App
Wallet Service
Coin Selection
0
0
0
0
Rates
Trading fees
0.1%
0.50%
Spreads
Spreads
Deposit fees
N/A
N/A
N/A
N/A
Withdrawal fees
N/A
N/A
N/A
N/A
Additional features
Regulated
FCA
FCA
CBI, MiFID
CySEC
Min.Deposit
$10
$2
$100
100 EUR
Leverage
1 - 100x
N/A
1 - 30x
N/A
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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 fees will you 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?
Best Exchanges to Buy Kyber Network
Here are the top 3 exchanges and brokers for buying the Kyber Network token.
1. Binance – World’s Largest Crypto Exchange
Binance has an excellent reputation as the world’s largest crypto exchange by trading volume. It averages a minimum of $60 billion daily and offers over 500 popular cryptocurrencies. 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 any financial body does not regulate it, Binance requires new users to complete its KYC protocol.
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.
In a few short years since its establishment in 2016, Crypto.com has become a fully-fledged and well-known international cryptocurrency hub. Its crypto ecosystem comprises Crypto.com Pay, Crypto Earn, Crypto Credit, and many other services. Crypto.com collaborates with regulatory institutions worldwide to provide the most convenient way to buy, sell, trade, and spend cryptocurrencies.
The Crypto.com App enables users to buy over 100 leading cryptocurrencies at their true market price, earn high interest on their crypto holdings, manage their Crypto.com Visa Card, and easily make crypto payments, among other advantageous features.
With over 9 million global users, Crypto.com is one of the most popular cryptocurrency wallets, enabling you to buy and sell more than 250 cryptocurrencies with low trading fees. In addition to wallets, Crypto Capital Corp., a subsidiary of Crypto, offers trading services for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).
The company maintains offices in the United States, Japan, Singapore, and South Korea, and its headquarters in Hong Kong. Samuel Leach and Matt Mickiewicz founded Crypto in Zug, Switzerland, on February 22, 2014.
Trade KNC on Crypto.com
This platform requires a $1 minimum account balance for deposits. Maker/taker fees range between 0.04% and 0.40%. Purchases made with a credit or debit card are free for the first thirty days after an account is opened. Additionally, users can earn up to $2,000 per referral.
The ability to stake cryptocurrencies is the primary selling point of the platform. Customers who stake or store their cryptocurrency in a crypto.com wallet can earn up to 14.5% annual interest rates.
The exchange also provides staking incentives, Visa card benefits, NFT trading, and DeFi products, among other services.
Coinbase is the only publicly traded crypto exchange and a viral crypto platform in the United States. The cryptocurrency exchange caters to new and experienced traders and operates a different platform.
Coinbase.com is a popular destination for crypto purchases in the US due to its 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.
Meanwhile, credit card deposits are not supported. You can 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 an extensive repository of cryptocurrencies with over 100 top assets on the platform.
Kyber Network Coin is a digital currency like Bitcoin and several others. It is built on blockchain technology, meaning no central authority has to vet transactions on the network.
However, Kyber Network differs from Bitcoin in a way as it is a decentralized exchange (DEX) in the order of UniSwap, SushiSwap, and several others. Following the growing interest in cryptocurrencies, investors sought the best platforms to gain exposure to virtual assets.
Although crypto exchanges were meant to operate in a decentralized manner, many shifted towards centralized operations. This saw them utilizing well-known financial market interfaces and tools like futures trading to acclimatize investors to the emerging industry. However, this came at the risk of the 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: lack of liquidity and sometimes high costs in modifying trades on-chain.
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 always to have access to high liquidity, swap digital tokens across several exchanges, and always keep costs at a minimum.
KyberNetwork’s transfer capabilities are all completed on-chain and on one interface without users needing a separate exchange. This allows users to transfer digital currencies and have those tokens converted on-chain before they hit the user’s digital wallet. The potential magnitude of KyberNetwork’s capabilities comes into play in commercial situations. This means any merchant can accept any cryptocurrency without worrying about 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 comprises three core components: the Kyber Dynamic Market Maker (DMM) Protocol, Kyber Reserve, and Kyber Developer.
Kyber DMM enables instant cryptocurrency exchange without wrapping or using order books. Kyber Reserve provides liquidity to the network as third parties pool liquidity on the platform and can be accessed from any decentralized application (dApp) or aggregator. The safety of the pooled funds is secured through a transparent fund management system where all trades are recorded.
Kyber Developer provides developers the tools and documentation to launch new dApps, exchanges, wallets, and projects to tap into Kyber’s liquidity pool.
Kyber also runs a decentralized autonomous organization (DAO), allowing KNC holders to stake their digital tokens and participate in governance-related activities. Staked KNC tokens also get rewards.
The Kyber Network Coin is a promising digital asset, and the fact that it is currently going for a bargain makes it more appealing if you are a value-driven investor. However, if you are still not convinced of its long-term growth potential, we highlight some reasons why you should buy Kyber Network Coin today below:
Kyber Network Is Gaining Major Adoption
The ability of Kyber Network to exchange any digital asset for a desired one is gaining ground in the crypto space. This has seen several top-ranking dApps, wallets, and token swap services integrating with the protocol.
Famous names like Enjin, MEW, 1Inch, TrustWallet, ParaSwap, UniSwap, SushiSwap, and hundreds of others regularly tap into intKyber’s liquidity pool.
Decentralized Finance (DeFi) Is Here To Stay
The DeFi sub-sector has boomed 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 have 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 2024?
In light of a lackluster performance in 2022, Kyber Network (KNC) is poised for a potential resurgence in the current year, driven by recent developments and market dynamics. The cryptocurrency has shown signs of improvement in early 2023, riding on the positive sentiment surrounding Bitcoin and its bullish investor support.
Kyber Network, in the aftermath of the 2022 FTX collapse, has set out on a promising path. The Year-to-Date chart reflects a notable 33% increase, indicating positive growth. In a significant move last month, the network introduced a major protocol upgrade known as “Katalyst,” resulting in substantial changes to KNC’s token economics. This milestone upgrade marks an important step for Kyber Network.
As part of the “Katalyst” upgrade, KyberDAO now allows native KNC token holders to stake their tokens. Through this staking process, token holders gain the ability to actively participate in governance decisions, thereby influencing adjustments made to network parameters.
Participants who actively engage in this governance mechanism receive Ethereum (ETH) as a reward. These rewards are generated from exchange fees. Additionally, a portion of these fees is allocated towards reserve rebates for the Fed Price Reserve, while the remaining percentage is dedicated to a KNC token burn with distribution split as 65%, 30%, and 5% respectively.
Source: CoinMarketcap
The period leading up to this protocol upgrade saw a significant increase in the value of KNC. In comparison to previous major upgrades, the surge was particularly notable. Over the past 30 days, KNC’s value has skyrocketed by an impressive 120% against ETH.
The development’s timing is strategic, considering the surging trading volumes of Decentralized Exchanges (DEXs). These volumes recently exceeded $500 million within a single week, fueled by the prevailing yield farming trend. Despite Kyber’s growth in trading volumes throughout the year, its market share as a percentage of total DEX volume has declined due to fierce competition from emerging platforms like Curve and Balancer.
With the introduction of a new incentive system, Kyber Network has the potential to attract more liquidity, resulting in a decrease in slippage issues. This development may encourage DEX aggregators to route more trades through Kyber, thereby boosting overall trading volumes.
Kyber is not the only one seeking upgrades. Bancor and IDEX, other notable DEXs, are also preparing to release their version 2 updates in the coming months. This escalating competition among DEX platforms adds fire to the rivalry within this space.
These advancements have the potential to shape and drive further development and growth in Kyber Network’s price action as the year progresses. As we move through 2023, it remains uncertain how these advancements will influence Kyber’s performance and its position in the competitive landscape of decentralized exchanges.
Kyber Network Coin Price
Kyber Network Crystal (KNC) has made significant gains in the past 24 hours. As of today, the KNC price stands at $0.553376, reflecting a substantial increase of 6.90% over the last day. The coin’s trading volume has been robust, reaching $95.46 million within this period.
With a market capitalization of $ 93.45M, Kyber Network Crystal maintains a dominant position in the cryptocurrency landscape with a market share of 0.01%. This recent price rally has undoubtedly bolstered positive sentiments surrounding the token.
Kyber Network Crystal’s journey in the volatile crypto market has witnessed both triumphs and setbacks. The coin reached its pinnacle on January 9, 2018, soaring to an impressive $8.01.
During a challenging phase, the value of the coin reached its all-time low on January 29, 2019, plummeting to $0.113151. However, it has since experienced a gradual recovery from this cycle low point. In fact, during its last cycle high, the coin’s price soared to an impressive $5.71.
Regarding supply, Kyber Network Crystal has a circulating supply of 170.44 million KNC tokens out of a maximum supply of 252.30 million KNC tokens. Notably, the yearly supply inflation rate is currently at -4.15%, indicating that approximately 7.37 million KNC tokens were generated in the past year.
Kyber Network Crystal holds significant importance in the cryptocurrency market. It ranks 32nd among DeFi (Decentralized Finance) Coins, secures the 15th spot among Exchange Tokens, and claims the 81st position within the Ethereum (ERC20) Tokens sector.
Kyber Network (KNC) Price Prediction
As cryptocurrency enthusiasts continue to monitor Kyber Network Crystal’s performance, its recent surge underscores the dynamic nature of the crypto market, where significant price fluctuations can occur quickly.
The current market sentiment regarding the Kyber Network Crystal price prediction is notably bullish. The Fear & Greed Index also stands at 54, indicating a neutral stance among market participants.
Kyber Network (KNC) Price Prediction 2023
For the upcoming year 2023, Kyber Network might show somewhat of a mixed response. According to the technical analysis conducted for the latest prices of Kyber Network, we can predict that the maximum price might reach $1.41, with an average price of $1.13 and a minimum of $0.84 levels.
Kyber Network (KNC) Price Prediction 2024
After a mixed 2023, the maximum price for Kyber Network (KNC) is expected to be around $2 levels and might minutely breach the coveted $2 mark in 2024. However, the minimum for the crypto is expected to hover around $1.16, along with an average price of $1.60 in 2024.
Kyber Network (KNC) Price Prediction 2025
In 2025, Kyber Network is expected to set benchmarks. It is predicted that Kyber Network (KNC) might be able to reach the $1.95 mark if we go for a relatively conservative prediction analysis. Furthermore, a maximum of $2.6 levels is also expected to be touched by Kyber Network.
Kyber Network (KNC) Price Prediction 2026
In 2026, considering all the fluctuations that the Kyber Network Crystal (KNC) might go through, it is predicted to reach a maximum of $3.86, while its minimum price might hover somewhere around the $2 mark.
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 is rising again. However, the crypto market is one of the most resilient, given 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 want to buy Kyber Network Coin, we recommend using Binance exchange. The platform offers multiple payment methods, super low fees, and state-of-the-art security for user funds. You can start in at least 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 the safety of your funds
Source for information from review websites and expert options on KNC token
You can buy Kyber Network Coin through several means, although we recommend using a widely recognized exchange like Binance.
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 widely recognized exchange that offers good liquidity, like Binance. Binance exchange is known worldwide and offers reasonable trading, deposit and withdrawal fees. You can also 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 trade the price swings of the KNC token actively. A third option would be to mine them, but this will require you to have the 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 Binance given the combination of low fees and its strong reputation in the market.
Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Jimmy's previously published work can be found on Business2Community, EconomyWatch, Learnbonds.com, Basketball Insiders, Buyshares.co.uk and a range of other leading media publications. Jimmy has also been investing in Bitcoin since 2018 and more recently in non-fungible tokens…
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