Last update: Jun 6, 2022

How to Buy Komodo (KMD)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Komodo. Depending on your country, 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!

Komodo

How to Buy Komodo – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency exchange 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 Komodo 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 exchanges.

4. Buy Komodo

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

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

Where to Buy Komodo (KMD)

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 Komodo

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

 

Crypto trading

How to Buy Komodo (KMD) 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 Komodo 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 Komodo if it’s available. If the exchange doesn’t have Komodo. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Komodo), and trade your ETH for Komodo.

Also, check out our comparison of the bitcoin exchanges in Australia if you’re interested in learning more about which exchanges we like.

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 Komodo (KMD) 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 Komodo 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 Komodo if it’s available. If the exchange doesn’t have Komodo. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Komodo), and trade your ETH for Komodo.

Or, if you’d like to know more about which exchanges we like, check our comparison of the safest crypto exchanges in Canada.

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 Komodo (KMD) 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 Komodo 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 Komodo if it’s available. If the exchange doesn’t have Komodo. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Komodo), and trade your ETH for Komodo.

If you’d like to know more about which exchanges we like, check our comparison of the best 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 Komodo? KMD Rundown

Komodo, an open-source technology provider, offers all-in one blockchain solutions for developers as well as enterprises. Komodo develops technologies that allow anyone to create branded, decentralized exchanges and cross-protocol financial apps. AtomicDEX is the project's flagship application. It's a non-custodial multicoin wallet, bridge and DEX all in one app. AtomicDEX supports 99% of all cryptocurrencies and provides the most extensive cross-chain and cross-protocol trading support for any decentralized exchange.

AtomicDEX represents the third generation of Komodo’s atomic swap technology. Komodo was the first to implement Tier Nolan's atomic swap technology in 2016. Komodo has been a pioneer in atomic swap technology since then and is proud to offer the industry's first ready-to-use atomic swap DEX. AtomicDEX uses a peer to-peer (P2P), atomic swap protocol that has decentralized order books. The open-source AtomicDEX API is used by developers to create cross-protocol DEXs and multi-coin non custodial wallets, initial DEX offer (IDO), portals and other decentralized applications.

KMD is the Komodo community currency and can be used to make scalable, fast and cheap transactions. In most cases, transactions can be confirmed in a matter of seconds by using 0.00001 KMD. The Komodo Active User Rewards offers a 5.1% APR to users who have more than 10 KMD in a non-custodial wallet. KMD is one the most traded pairs on AtomicDEX. AtomicDEX offers a 10% discount on taker orders that use KMD.

Komodo is the inventor of delayed Proof of Work, the industry-leading 51% attack network. Currently, dPoW secures more than 30 production blockchains. It is powered by Litecoin crossnotarizations and backed up by a notary network. Komodo provides its own multi-chain native blockchain network, which allows anyone to create a Komodo Smart Chain. This is a separate blockchain from the KMD blockchain. Each KSC receives its own coin with no gas fees and fully customizable parameters. Komodo also offers Komodo Custom Contracts, (CCs), a collection of UTXO smart contracts that can be used to create advanced dApps for KSCs.

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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.