Last update: Jun 6, 2022

How to Buy SKALE Network (SKL)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy SKALE Network. 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!

Skale network

How to Buy SKALE Network – 4 Easy Steps

1. Choose a crypto exchange

Finding a 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 SKALE Network 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 cryptocurrency exchanges.

4. Buy SKALE Network

Now that you have what you need to buy SKALE Network, head over to the market or buy section of the cryptocurrency trading platform and buy some SKL.

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

Where to Buy SKALE Network (SKL)

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 SKALE Network

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

 

Crypto trading

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

Alternatively, if you want to know more about the exchanges we like, check our list of the best Australian crypto 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 SKALE Network (SKL) 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 SKALE Network 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 SKALE Network if it’s available. If the exchange doesn’t have SKALE Network. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has SKALE Network), and trade your ETH for SKALE Network.

Or, if you’d like to learn more about the exchanges we recommend, look at our list of the most secure 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 SKALE Network (SKL) 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 SKALE Network 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 SKALE Network if it’s available. If the exchange doesn’t have SKALE Network. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has SKALE Network), and trade your ETH for SKALE Network.

Alternatively, if you want to know more about the exchanges we recommend, look at our comparison of the best sites to buy bitcoin 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 SKALE Network? SKL Rundown

SKALE can be described as an elastic network designed to scale Ethereum. The decentralized project will increase transaction capacity and reduce latency, as well as ensure that payments are made as cheaply as feasible.

According to the project's website, it aims to allow people to create and run DApps in "decentralized modular clouds built for real-world requirements and configured for their needs." Security is not compromised.

SKALE claims that those who use this platform to build Solidity smart contracts can do so "thousands of time faster and at a fraction the cost of the mainnet" -- games and content streaming services are just a few of the many projects that have already taken advantage of it infrastructure.

SKALE Network aims to improve security and decentralization for Ethereum-based apps.

Incentives are offered to token holders who participate in validators and help improve the security and scalability of the SKALE Network.

The SKALE Network was first to launch a token using ConsenSys Codefi’s Activate platform. This platform is "designed to launch decentralized network and allow customers to buy, manage, and use their tokens -- all within one application." Activate was created to establish new standards for utility token distribution and make networks fully usable once tokens have been sold. This approach is expected to improve the reputation of the initial coin-offering sector, which has been vulnerable to fraud in recent years.

SKALE has launched a token that meets regulatory standards. This token is intended to be widely used and prevent fraudulent activity.

Ethereum can take a while to authorize and verify transactions. The team claims that SKALE Network significantly speeds up the process of verifying transactions on Ethereum. SKALE can run up to 2,000 transactions per second per network and operate at a speed of up to 20,000 transactions per second.

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.