How & where to buy Komodo coin online

Komodo is a decentralised system that connects blockchains together. It’s run by the KMD cryptocurrency and you can use this guide to learn more about how and where to buy KMD.
By:
Updated: Jun 28, 2022
Tip: our preferred broker is, eToro: visit & create account

This beginner’s guide introduces you to Komodo and its KMD token. It explains a history of the platform and its focus on privacy, then looks at whether that makes it an appealing cryptocurrency to own.

What are the best exchanges to buy KMD on?

If you have everything you need already and just want to find a trading platform, use one of the brokers below. These are some of the top brokers and have been chosen by our team of experts. If you still want to learn more about Komodo first, then scroll down to keep reading.

1
Min. Deposit
$1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Google Pay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
2
Min. Deposit
$0
Promotion
User Score
9.3
All swaps are custody-free, with no registration needed
Convert 500+ crypto assets instantly
Best exchange rates among the whole cryptocurrency market
Start Trading
Description:
Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.
Payment Methods
Full regulations list:
3
Min. Deposit
$10
Promotion
User Score
8.7
Combines a user-friendly platform and low fees
Largest digital asset exchange in the Netherlands  
Trade over 50 digital assets and pay a maximum trading fee of 0.25%
Start Trading
Description:
The Bitvavo platform was launched in 2018, with the goal to bridge the gap between traditional currencies and digital assets. Bitvavo is making digital assets accessible to everyone, by offering transparent fees, a wide range of assets and an easy to use platform.
Payment Methods
Credit Card, Debit Card
Full regulations list:

How to buy KMD online – a step-by-step guide

Step 1. Find an exchange

The best place to find an altcoin like Komodo is on a cryptocurrency exchange. Exchanges have the widest range of coins available and usually let you swap between them. Here are a couple of the top ones:

  • Binance: Binance offers over a hundred cryptocurrencies. It has more volume than any other exchange, so you’ll almost always find someone to trade with. Sign up for Binance >
  • Bittrex: Bittrex has a huge range of cryptocurrencies available and is ideal for beginners and experienced traders alike. Join Bittrex now >

Step 2. Sign up and fund your account

Before you can get your hands on any coins, you need to set up an account. You might need a form of ID to prove your identity, and it can take an hour or two for the verification to come through. Once that’s all done, you can usually fund your account with fiat currency (like GBP or USD), but this isn’t true for every platform and you should check the terms and conditions.

Step 3. Purchase

To find Komodo on your chosen platform, you need to search for its ticker symbol, KMD. From there, choose the pair that combines it with the coin or currency you’re going to use to buy it, such as GBP, USD, or BTC.

Step 4. (Optional) Get a suitable wallet

There’s one final step depending on how many coins you’re planning to hold. If it’s a lot, or you’re concerned about security, getting a wallet might be a good idea. You can store your coins in your exchange account, but wallets offer much more security and control without the risk of anything happening to the exchange.

Here are two of the top wallet providers available:

  • Freewallet: On Freewallet you can hold more than 100 different cryptocurrencies. It’s ian online cryptocurrency wallet that can be accessed both through a browser and a dedicated mobile app. Get Freewallet now >
  • Ledger Nano S: The Ledger Nano S is a hardware wallet that lets you store your cryptocurrency offline. It keeps it safe even if you connect to an infected computer. Get the Ledger Nano S today >
1
Min. Deposit
$1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Google Pay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full Regulations:

How to trade Komodo – a step-by-step guide

Step 1. Find a broker

To trade KMD you want a broker with low fees. You should consider other things too, like deposit and withdrawal limits and trading limits, but low fees are the most important if you intend on doing lots of trades. 

KMD is a small cryptocurrency so you won’t find it on many broker sites yet. That might change as the crypto market grows and when it does eToro and Robinhood are two of the top brokers around.

Step 2. Deposit money

Brokers normally only accept deposits in fiat currency. You should check the fees for deposits and withdrawals as well.

Step 3. Decide how you’d like to trade

Most brokers offer two ways of trading cryptocurrency. These are contracts for difference (CFDs) and spread betting. In both cases you use them to speculate on the performance of an asset rather than owning it directly. CFDs tend to be more popular with casual traders and you can also use them to trade stocks, forex, and commodities as well.

Step 4. Start trading 

If you’re a new trader, starting with a demo account could be the best way to go. With a demo account you can trade pretend money and get used to how the market works before you start staking your own money.

When you start trading you’ll be speculating on KMD’s price moves. If you think it’s going to go up, you back it, which is known as taking a long position. If you think it’s going to go down, you take a short position.

There are some more advanced trading strategies you can use once you’re familiar with the market. One of these is trading with leverage. Leverage means you make big trades by only putting up a small percentage of the trade yourself, essentially loaning the rest from your broker. This can lead to big wins, but also big losses as you’ll always be liable for the whole value of the trade.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

Still undecided?

You should always take time to hink about any investment, and that’s particularly true of cryptocurrency. Here are some of Komodo’s pros and cons, followed by a few more questions for you to think about.

Pros

  • Can use KMD as an investment in many different blockchain projects
  • KMD offers some rewards for holding on
  • Komodo is one of the purest blockchain platforms in terms of decentralisation and privacy

Cons

Below are three questions to help you make a final decision on whether to invest in Komodo.

1. Is it a good time to buy Komodo?

If you want to use KMD to hold and join its rewards scheme, then you want to find some as soon as possible. It offers 5% return on the coins you stake, but it’s quite a manual process and might not be suitable for casual investors. That means that the decision for everyone else is a bit more nuanced.

That might mean you want to wait until the price drops to a level you’re comfortable with, or that your reading of its chart suggests now is an opportunity. While both long and short term investors should look for signs of more projects joining the Komodo platform and the growth of its AtomicDEX exchange. You can use our latest market analysis to help you keep track:

2. What problem does Komodo solve, and what are the coin’s investment prospects?

Komodo solves the problem of different blockchains being unable to communicate with each other. It provides the framework to build blockchain projects that can share information between them, and are safer thanks to its collective security.

For KMD to be a good investment it needs to stand out. There’s a lot of competition to offer the same sort of cross-communication that Komodo provides. One of the ways it can do this is with its AtomicDEX exchange, where it lets people trade different small-cap altcoins directly instead of needing Bitcoin as a go-between.

AtomicDEX is also an example of how Komodo has stayed true to the ideals of decentralisation that’s behind a lot of the growth in the popularity of cryptocurrencies. You should always do your research, and some of that could include learning more about the team behind Komodo, while it’s good to know all the latest news and developments.  You can find that below:

3. Do you want to hold Komodo for the long term?

Smaller cryptocurrencies can see a lot of price movement that might interest long and short term traders. As a long term investment it depends on whether you think Komodo can stand out from the crowd, while in the short term it’s more about whether the current KMD price creates an opportunity for a quick profit.

Considerations for a long term investment strategy

As a long term investor you want to see more projects join the Komodo system. You also want to see growth on its AtomicDEX exchange, offering more cryptocurrency pairs for trade that might attract more people to the platform. If you’re convinced of its potential, you should sign up for an exchange, because that’s the best place to buy Komodo coins in the UK right away.

Considerations for a short term trading strategy

Short term traders need a broker with low trading fees and a grounding in technical analysis. That means you can use the indicators to try to predict price moves and perform lots of trades without giving up too much money in fees.


Sources & references
Risk disclaimer

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 >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.