Last update: Jun 6, 2022

How to Buy KyberNetwork (KNC)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy KyberNetwork. Depending on where you’re based, you’ll have various crypto exchanges to choose from.

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

Let’s get started!

Kybernetwork

How to Buy KyberNetwork – 4 Easy Steps

1. Choose a cryptocurrency 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 KyberNetwork of course.

2. Sign up with the crypto 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 cryptocurrency trading platforms.

4. Buy KyberNetwork

Now that you have what you need to buy KyberNetwork, head over to the market or buy section of the crypto trading platform and buy some KNC.

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

Where to Buy KyberNetwork (KNC)

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 KyberNetwork

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

 

Crypto trading

How to Buy KyberNetwork (KNC) 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 KyberNetwork in Australia, the process remains the same:

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

If you’d like to know more about which exchanges we recommend, look at our list of the cheapest crypto exchanges in Australia.

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 KyberNetwork (KNC) 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 KyberNetwork in Canada, the process remains the same:

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

You can also take a look at our analysis of the most trusted crypto exchanges in Canada for those curious to know more about which ones 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 KyberNetwork (KNC) 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 KyberNetwork 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 KyberNetwork if it’s available. If the exchange doesn’t have KyberNetwork. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has KyberNetwork), and trade your ETH for KyberNetwork.

Also, take a look at our analysis of the safest crypto exchanges in the UK If you’re interested in learning more about the exchanges we like.

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 KyberNetwork? KNC Rundown

Kyber Network is a hub for liquidity protocols that aggregate liquidity from different sources to allow secure and instant transactions on all decentralized applications (DApps). Kyber Network's main purpose is to allow DeFi Decentralized Exchanges and other users easy access liquidity poolss that offer the best rates.

All transactions on Kyber can be verified with any Ethereum block-explorer. To make use of all services provided by Kyber, projects can be built on top of it, including the instant settlement and liquidity aggregation.

Kyber is a decentralized finance company that solves the liquidity problem in the DeFi industry. It allows developers to create products and services, without worrying about the availability of liquidity.

The Kyber Network Crystal token (KNC token) is a utility token. It is the glue that connects all stakeholders in Kyber's ecosystem. Holders of the KNC token can stake their tokens into the KyberDAO and vote on important propositions --- as well as earn staking rewards in Ethereum(ETH) that are derived from trading fees.

The first tool to allow anyone to instantly exchange tokens without the use of a third party, such as a central exchange, is Kyber Network. Kyber's unique architecture is easy to integrate with other blockchain-based protocols and apps.

DeFi offers many possibilities and uses. There are many uses for DeFi. The Kyber liquidity hub architecture allows developers to quickly innovate and integrate new protocols within the overall Kyber Network in order to meet different liquidity requirements.

The Kyber DMM was launched by Kyber in April 2021. It is the first dynamic market maker protocol (DMM) in the world. Kyber DMM, the next-generation AMM, is designed to respond to market conditions and maximise earnings. It also allows liquidity providers to achieve extremely high capital efficiency, particularly for stable pairs with low price variability (such as USDC/USDT or ETH/SETH). These pools will have extremely high amplification factors. This means that slippage can be as high as 100x or more than other AMMs, given the same liquidity pool size. Liquidity providers have the ability to maximize the use of capital and can earn higher fees relative to the amount they contribute, while takers may enjoy very low slippage.

Kyber DMM will be the first of many new liquidity protocol that will be launched on Kyber3.0 Liquidity hub.

KNC token holders are key players in the Kyber ecosystem. They play an important part in deciding new growth opportunities, value-capture opportunities, and incentive mechanisms. KNC token holders have the opportunity to vote on important proposals through KyberDAO. The Kyber community is large and includes a variety of developers as well as other members of DeFi's growing industry.

Kyber's completely on-chain design allows the protocol to keep full transparency and verifiability. It claims to be the largest liquidity hub in the globe.

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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.