How to Buy Kalata (KALA) in 5 Simple Steps
How to Buy Kalata (KALA) in 5 Simple Steps
Kalata is a decentralised exchange where users can trade tokenised versions of financial products like stocks, commodities, or derivatives, all on the blockchain. Scroll down to see why Kalata could be a promising investment for you, and find out how you can purchase, sell, and trade KALA.
5 Steps to Buy Kalata
While you can’t buy Kalata on any major brokerages or exchanges, it can be purchased securely on PancakeSwap, a decentralised exchange (DEX). The following steps will show you how to buy Kalata on PancakeSwap.
1. Sign up with a regulated exchange
To start things up, you’ll have to sign up with one of the reliable exchanges we have selected for you on the table below. You may have to provide photo ID or proof of residency so you can deposit money onto your account.
2. Purchase BNB tokens
Once you’ve added money onto the account of your preferred exchange, you’ll have to buy BNB which can later be traded for Kalata on the PancakeSwap platform. You can find BNB by searching for it on the search bar of your chosen exchange.
3. Send your BNB to a Web 3.0 wallet
After this, you’ll have to create a Web 3.0 wallet like MetaMask or Trust Wallet, where you will send your BNB. Copy the address of your private wallet onto the “Withdrawals” section of the exchange you are using, and transfer your BNB across.
4. Connect your wallet to PancakeSwap
At this point, enter the official PancakeSwap website on either your desktop, tablet, or smartphone and click on the “Connect Wallet” option. Connecting your software wallet to PancakeSwap is a cost-free process and can be completed within a matter of seconds.
5. Swap your BNB for KALA
You can now trade your BNB for Kalata on PancakeSwap by searching for the ticker symbol, KALA. Alternatively, you can access the KALA/BNB trading pair using this link. In either case, you should select the BNB/KALA trading pair and select the exact amount of KALA you want to acquire.
Buy Kalata in 3 Easy Steps
Create a free account
Fund your account
Why trade Kalata with a broker?
Fast and simple.
Trades are instant and easy to execute.
Pay your way.
Brokers accept a range of payment options including credit/debit cards and even PayPal.
No wallet needed.
No need to set up and maintain a wallet—you can manage your crypto directly from your account.
Where to Buy Kalata: Compare the Top Platforms
Because you are buying Kalata from a decentralised exchange, you will first have to transfer BNB to PancakeSwap so you can trade with it. You can buy BNB at a wide range of reputable brokers and exchanges, and we have selected some of the best on the basis of their low transaction fees, data protection, and simplicity.
Bank Transfer, Wire Transfer
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
What Is Kalata?
Kalata is a peer-to-peer exchange where users can buy synthetic tokens, or “synths”, that mirror the value of stocks, commodities and derivatives you would otherwise find on the traditional finance (TradFi) circuit.
Because Kalata is a decentralised finance (DeFi) platform, this allows you to skip the usual process of having to register with intermediaries like brokers when looking to buy financial products on Wall Street for instance.
This means Kalata-users have the opportunity to buy popular, tokenised versions of stocks like Tesla and other public companies instantly and directly through its portal anywhere in the world, at any time of the day. This is opposed to the situation in TradFi where it is impossible to access national stock markets after certain hours or on the weekends.
Tokenised assets can be created by depositing collateral funding. This ensures that created assets are backed by real assets, causing them to have tangible value. The price of assets of Kalata is linked to the price of the real asset via price oracles. These are blockchain-based information feeds that keep prices updated in real-time.
Ways to Invest in Kalata
Depending on your short-term and long-term financial targets, you’ll want to either sell Kalata not long after you buy it so you can turn a quick profit, or hold on to your KALA tokens for a longer period so you can see their value swell with time.
Buy and hold Kalata
Buying and holding Kalata is a time-tested strategy for most investors. This is a favourable method of investing because it requires little dedication, financial knowledge, and time. This is opposed to trading it, which requires a higher level of expertise.
Best Kalata wallets
Once you buy Kalata, you will be able to take self-custody of your tokens by storing them on your preferred software wallet or hardware wallets such as Trezor, BitBox, and Ledger. Storing coins on private wallets is usually the most secure way of protecting your investment because only you have the “keys” to access them.
Trading Kalata on decentralised exchanges can be a highly profitable strategy if you are looking for short-term gains, but it does not come without a degree of risk. Even the most accomplished traders are susceptible to miscalculating the volatility of Kalata which can lead to significant losses.
Should I Buy Kalata Now?
Before investing in Kalata, it is important that you carry out your own research on the dynamics of the coin and whether it is a safe investment for you. Keeping this in mind, here are some points that you may wish to take note of before buying Kalata.
The KALA token entitles users to a portion of transaction fees on Kalata. If the platform continues to grow, this could create serious demand for the token as a means to generate passive income. The token is also used for governance, which could further increase demand.
The supply of Kalata is capped at 200 million KALA, which creates scarcity. This built-in scarcity, combined with an increasing demand for KALA tokens, could cause the price of Kalata to increase over time.
Projects like Kalata that aim to bridge the worlds of traditional finance and cryptocurrency are becoming more popular, and if Kalata can overcome competition from platforms like Synthetix, the leader in the space, it could rise to major prominence.
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Frequently Asked Questions
Synthetic assets have the ability to replicate the real-time value of commodities such as gold or financial products such as stocks and derivatives, on the blockchain.
You can buy a number of synthetic assets on Kalata that mimic the performance of stocks such as Tesla, Disney, the Dow Jones, and many others.
A decentralised exchange enables the peer-to-peer trading of crypto with traders taking full ownership of their coins. This is opposed to large centralised exchanges like Binance or Kraken that take custody and responsibility of your crypto for you, almost in the same way a bank would with your money.
The Binance Smart Chain is a blockchain on top of which crypto projects can be built. Kalata is built on the Binance Smart Chain.
Aidrops are rewards provided by crypto platforms to token-holders and community-members in order to incentivise participation in the development of their projects.