Last update: Jun 6, 2022

How to Buy Kadena (KDA)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Kadena. Depending on where you’re located, you’ll have a few trading platforms to choose from.

In this guide, we not only cover the top 3 global crypto trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Kadena

How to Buy Kadena – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Kadena of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger exchanges.

4. Buy Kadena

Now that you have what you need to buy Kadena, head over to the market or buy section of the cryptocurrency exchange and buy some KDA.

If the crypto exchange doesn’t have any Kadena on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Kadena first), and trade your Ethereum for Kadena.

Where to Buy Kadena (KDA)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Kadena

  1. Sign into the crypto trading platform where you bought Kadena.
  2. Move your Kadena to the right place on the exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Kadena.

 

Crypto trading

How to Buy Kadena (KDA) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Kadena in Australia, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Kadena if it’s available. If the exchange doesn’t have Kadena. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Kadena), and trade your ETH for Kadena.

If you’d like to know more about which exchanges we prefer, read our comparison of the Australian bitcoin exchanges.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Kadena (KDA) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Kadena in Canada, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Kadena if it’s available. If the exchange doesn’t have Kadena. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Kadena), and trade your ETH for Kadena.

You can also check out our comparison of the trusted crypto exchanges in Canada for those looking to learn more about the exchanges we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Kadena (KDA) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Kadena in the UK, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Kadena if it’s available. If the exchange doesn’t have Kadena. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Kadena), and trade your ETH for Kadena.

Or, if you’d like to learn more about the exchanges we recommend, look at our comparison of the most popular crypto exchanges in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Kadena? KDA Rundown

Kadena, a proof-of work blockchain that combines Bitcoin's PoW consensus mechanism with DAG principles, is a proof of work version of Bitcoin. Kadena claims that it is able to provide the security and throughput making the blockchain accessible to both entrepreneurs and enterprises. Kadena's multi-chain approach to infrastructure makes it decentralized and easy for mass adoption.

Kadena promises industrial scaleability to support global financial systems, and can be scaled up as needed. Kadena promises to be energy-efficient and will deliver more transactions for the same energy input as Bitcoin. Kadena also offers crypto gas stations that allow businesses to pay their customers' gas costs and eliminate a major pain point when adopting blockchains in business.

Kadena already has scaled its network to 10-20 blockchains. If necessary, it can again do so in the future. Kadena's private Kuro layer two blockchain was the final addition. It supports up to 8 000 transactions per second across 500 Nodes.

Kadena is a public proof of work blockchain that combines two distinct consensus mechanisms, DAG & proof -of-work. This allows for unparalleled throughput.

Kadena does this by braiding together chains, which means it has not one, but many (20) distinct blockchains that work simultaneously and asynchronously in order to validate transactions. This allows Kadena the ability to create multiple blocks at once, increasing its throughput. This increases security as attackers are able to wait less time between confirmations of blocks.

Kadena employs a directed acyclic diagram structure to scale from one proof of work blockchain to theoretically unlimited amounts. Kadena's DAG structure is fixed, multi-channel and means that its blockchains communicate only with three peer chains, instead of randomly verifying transactions. This increases real-world performance as well as scalability.

Kadena is able to scale according to the user's needs. Adoption is the biggest limitation. To scale and add additional blockchains, the network must undergo a hardfork. Kadena could theoretically scale to 50-100 blockchains, or more if there is continued adoption. However, the process is not always automatic. Once the network becomes overloaded, the fees go up and the DAO miners are encouraged to work together to reconfigure the network to a greater size.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.