Last update: Jun 6, 2022

How to Buy Klaytn (KLAY)

Marco velaAuthor: Marco Vela - Fact-checked ✓

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

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

Let’s get started!

Klaytn

How to Buy Klaytn – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto 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 Klaytn 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 crypto trading platforms.

4. Buy Klaytn

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

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

Where to Buy Klaytn (KLAY)

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 Klaytn

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

 

Crypto trading

How to Buy Klaytn (KLAY) 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 Klaytn in Australia, the process remains the same:

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

You can also take a look at our analysis of the cheapest crypto exchanges in Australia If you’re interested in learning more about which ones we prefer.

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 Klaytn (KLAY) 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 Klaytn in Canada, the process remains the same:

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

It’s also possible to check out our comparison of the safest crypto exchanges in Canada for those looking to learn more about the exchanges we would recommend.

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 Klaytn (KLAY) 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 Klaytn in the UK, the process remains the same:

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

If you’d like to learn more about the exchanges we like, check our comparison of the cryptocurrency brokers 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 Klaytn? KLAY Rundown

Klaytn, a public blockchain, focuses on the creator economy, the metaverse and gamefi. It was officially launched June 2019 and is the most popular blockchain platform in South Korea.

The Klaytn Growth Fund supports these business expansion activities and aims to expand the ecosystem created on Klaytn. Klaytn Foundation, an organization based in Singapore, manages the fund and distributes funds.

Klaytn provides an end-to–end metaverse package. It includes custom L2 solutions and SDKs and smart contracts libraries, IPFS solutions and wallets.

1-second deterministic ultimateity - Klaytn uses an optimized version Istanbul BFT which enables transactions to reach absolute finality in a second. This allows for responsive user experiences and enables use cases that require near-instantaneous and irreversible finality, such as real-time minting and drop of in-game items.

Klaytn data guarantee - The probabilistic finality of Proof-of Work and Proof-of Stake blockchains means that there is very little chance of a transaction being reversed. These blockchains are not suitable for mission-critical applications. This is especially true if they are used at large scale. Klaytn's IBFT consensus algorithm ensures that all data on the blockchain is accurate and cannot be reversed. This allows for the consistency and reliability required for large-scale applications.

Support for Ethereum Equivalence - Klaytn supports EVM, one of the emerging standards in the metaverse/Web3, and will adopt the EVM specification. Klaytn will: * Make Klaytn’s technical stack comparable to the Ethereum stack from an execution and interfacing perspective * Build on existing Ethereum clients and interfacing library to inherit any improvements to their open-source codesbases * Enable Ethereum Improvement Proposals and Klaytn Improving Proposals to both contribute to both ecosystems

A unique governance structure: - Klaytn's unique approach to decentralization lies at its core in their Governance Council (GC). These GC members include DAOs from different industries and geographies, and are able to form a compact validation network that can deliver the benefits and performance of a decentralized public Blockchain while still maintaining the integrity of a permissioned one. Klaytn plans to increase decentralization further by adding more DAOs and GC members to their GC in order to create a "DAO Of DAOs".

Service chains provide built-in scaling - Klaytn uses the hub-and-spoke system, which is widely recognized as one of the best scalability options. Klaytn's spokes (or service chains) can be tailored to meet specific DApp requirements, such as high throughput, custom node configurations or security levels. Additionally, nested service chain support will allow for the rapid scaling required for metaverse-scale adoption.

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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.