In page navigation
- 1. How & where to buy Klaytn (KLAY) online
- 2. How to buy Klaytn instantly in 3 simple steps
- 3. Where to buy KLAY easily
- 4. Best exchanges to buy Klaytn (KLAY), reviewed
- 5. How to trade KLAY
- 6. What is the best way to pay for Klaytn (KLAY)?
- 7. How do I store Klaytn (KLAY)?
- 8. Is Klaytn (KLAY) a good investment?
- 9. Is now a good time to buy Klaytn?
- 10. FAQs
How & where to buy Klaytn (KLAY) online
Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >
Get started in minutes with our preferred broker, .
9/1082% of retail CFD accounts lose money.
Klaytn tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Klaytn this way. Follow our quick step guide below.
How to buy Klaytn instantly in 3 simple steps
Copy link to sectionTo buy Klaytn you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to OKX
Copy link to sectionOKX is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.
Step 2. Make a deposit
Copy link to sectionAdd funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $10.
Step 3. Buy Klaytn token
Copy link to sectionType KLAY into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.
Now you own Klaytn tokens! It’s as simple as that.
Where to buy KLAY easily
Copy link to sectionThe overall best exchange to buy Klaytn token for beginners is OKX . Klaytn is also available on lots of other cryptocurrency exchanges.
Here are the top three places to buy Klaytn, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
Read more about how we rate, rank and review platforms.
Best exchanges to buy Klaytn (KLAY), reviewed
Copy link to section1. OKX. Best for futures and margin trading
...
No. assets
$50
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.
From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.
The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.
How to trade KLAY
Copy link to sectionYou can trade Klaytn on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how KLAY crypto trading works:
- Monitor the price: Let’s say the price of KLAY/USDT is $1. You read the price charts and decide that now is a good time to start purchasing KLAY.
- Open a trade: You trade one USDT for one KLAY ($1 for 1 KLAY).
- Continue to monitor the price: The next day, one KLAY token is now worth $2, a 100% increase.
- Close your trade: You trade your KLAY token back to USDT for $2.
In this example, you buy and sell Klaytn, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
What is the best way to pay for Klaytn (KLAY)?
Copy link to sectionThe simplest way to buy Klaytn cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for KLAY.
- Buy Klaytn with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Klaytn with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
- Buy Klaytn with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Klaytn (KLAY)?
Copy link to sectionMost people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Klaytn then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Klaytn wallets to use are MetaMask and the Ledger Nano S.
Is Klaytn (KLAY) a good investment?
Copy link to sectionWhether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Klaytn and its token to help you decide whether to invest in KLAY.
- Klayten uses both public and private blockchains. Klaytn uses a hybrid public and private blockchain network design to increase scalability and flexibility. However, its use of a private blockchain means it is not truly decentralised.
- It is backed by established names. The fact so many established names back Klaytn bodes well for its long term prospects. With high growth targets and many potential adopters on hand, it could gain users quickly. Some of its partners include Samsung and LG.
- Holding KLAY tokens allows for network governance. KLAY holders can participate in the governance of the Klaytn network by proposing and voting on network changes.
- KLAY tokens are used as an incentive to develop the platform. KLAY is used as an incentive to encourage the development of the Klaytn ecosystem, which helps drive the network’s growth.
- You can earn rewards for staking. KLAY holders can earn staking rewards by staking their KLAY coins by helping to secure the network.
- There is a limited supply of KLAY. KLAY has a maximum supply of 10 billion coins, which helps limit inflation and maintain the coin’s value over time. In the future, if the platform proves to be a success, the limited supply of tokens may increase scarcity and, ultimately, value.
Use this quick summary of pros and cons to compare Klaytn with other, similar projects.
Pros
Copy link to section- The project is backed by established names who are likely to inspire fast growth
- Developers need KLAY to build on the platform, so increased adoption will push up the value
- You can earn extra money from interest by staking your coins
Cons
Copy link to sectionUltimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.
How has Klaytn (KLAY) performed this year?
Copy link to sectionThe current Klaytn price today is $0.30, which is 92.74% /below its all time high of $4.40, which it reached on 09 October, 2021. KLAY is up 103.09% this year, with a 52 week high of $1.25 and a 52 week low of $0.12.
Is now a good time to buy Klaytn?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, buying Klaytn, selling Klaytn, and trading KLAY are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Klaytn.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Klaytn and its decentralised aggregator platform, then a good time to purchase Klaytn is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Klaytn and selling it the next day probably isn’t why you’re here either.
Regardless, closely following KLAY price news & analysis will help you decide when to pull the trigger:
Latest Klaytn news
Copy link to sectionKlaytn price trending as Klaytn Foundation unveils key changes
Klaytn Foundation announces winners of Klaymakers22: winners walk away with over $1M
Klaytn (KLAY) price movement after new governance proposal
I’m investing in Algorand and Klaytn on July 30 due to the increased activity of their networks and here is why!
Klaytn price analysis: is now a good time to buy KLAY?
FAQs
Copy link to sectionMore altcoins to buy
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >