Where & How to Buy Klaytn (KLAY) for Beginners in 2025

Use our step-by-step guide to learn how and where to buy Klaytn on 5+ highly rated crypto platforms.
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Updated on Oct 10, 2024
Reading time 2 minutes

Klaytn coins are available buy via 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 quickly in 3 steps

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To 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 a crypto platform

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Sign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

We found 3 crypto platforms for users based in

Coinbase review
4.2
Coinbase
Min. Deposit $10
Fees Up to 0.6%
No. assets 150+
Demo account No

Coinbase review

Bitvavo review
3.2
Bitvavo
Min. Deposit n/a
Fees
No. assets n/a
Demo account No

Bitvavo review

OKX review
4.2
OKX
Min. Deposit n/a
Fees
No. assets n/a
Demo account No

OKX review

Step 2. Make a deposit

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Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.

Step 3. Buy Klaytn token

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Locate the search box and type KLAY. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.

Now you own Klaytn tokens! Not a big deal, right?

Where to buy KLAY easily

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The overall best platform to buy Klaytn for beginners is Coinbase .

Here are the top five places to buy Klaytn, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

  1. Coinbase: Best secure trading platform for all types of trader
  2. OKX: Best for futures and margin trading

Read more about how we rate, rank and review platforms.

Best exchanges to buy Klaytn (KLAY), reviewed

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We found 3 crypto platforms for users based in

1. Coinbase. Best secure trading platform for all types of trader

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4
Ratings

$10

Min. deposit

Up to 0.6%

Fees

200

No. assets

No

Demo account

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure. 

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

Fees & Costs

Pros & Cons

2. OKX. Best for futures and margin trading

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4
Ratings

$-

Min. deposit

Fees

No. assets

No

Demo account

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.

Highlights

Pros & Cons

How to trade KLAY

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You 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:

  1. Monitor the price: For simplicity, 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.
  2. Open a trade: You trade one USDT for one KLAY ($1 USD for 1 KLAY).
  3. Continue to monitor the price: The following month, one KLAY token is now worth $2, a 100% increase.
  4. 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 countless hours learning to trade, reading charts, technical 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)?

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The 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 Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.
  • 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)?

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Most 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 now a good time to buy Klaytn?

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The 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 in literal terms. 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 a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade 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 KLAY, 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.

How has Klaytn (KLAY) performed this year?

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The current Klaytn price today is $0.13, which is -96.95% versus its all time high of $4.38, which it reached on 02 April 2021. KLAY is -41.56% this year, with a 52 week high of $0.45 and a 52 week low of $0.10. 

Regardless, closely following Klaytn price news & analysis will help you decide when to pull the trigger.

Is Klaytn (KLAY) a good investment?

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Whether 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

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  • 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

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Ultimately, 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.

FAQs

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01

Where can I buy Klaytn (KLAY)?

02

What do I need to buy KLAY?

03

Is Klaytn on Coinbase?

04

Is Klaytn on Binance?

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Is Klaytn on eToro?

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What is the best wallet to store KLAY?


Sources & references

Prash Raval

Prash Raval

Financial Writer

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Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while running an educational service helping novice traders learn the markets. He has a keen interest in micro and small cap stocks....