How to Buy Klaytn (KLAY) in 2024
Klaytn describes itself as a “metaverse blockchain”, combining features of both public and private blockchains to provide a fast, decentralised, and scalable environment for creators and players.
Let’s explore how to purchase its native KLAY coin and what its role is.
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Looking for a quick answer? Here are our top crypto exchanges to use to buy and sell Klaytn.
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How to Buy Klaytn
If you’re looking for a simple way to buy Klaytn, all you need to do is sign up with a crypto exchange. You can access it online with a computer, smartphone, or tablet to quickly buy and sell Klaytn and a range of other cryptocurrencies. The best platforms are listed below as well as a quick step-by-step guide on purchasing Klaytn.
1. Choose a Platform
To start with, you’ll need to decide where you want to buy KLAY from. While there are many crypto brokers and exchanges available, the safest option is to choose a regulated and reputable platform. Read more about what to look for in the next section, or simply follow a link in the table below to register with one of our best recommendations.
2. Create and Fund Your Account
Click on the “Join Now” button to create your account. You’ll need to provide an email address, and regulated platforms will often ask for a photo ID and/or proof of address to verify your account. With that done, you can go to the deposit page and fund your account through a payment method such as credit card or PayPal.
3. Buy Klaytn
Look for the trading pair to buy KLAY with your local currency. You may have to purchase another currency first, such as BTC or USDT, if this isn’t an option. Enter how much you wish to purchase in a buy order. Use a limit order to buy at a specified future price, or a market order to buy immediately at the current price.
Where to Buy Klaytn?
It’s a good idea to do some research into the different platforms that offer KLAY to find the one that is the right fit for you. Some points to consider include fees, minimum deposit, and whether you want any specific features, such as leverage or copy trading. The following table provides a comparison of the best and safest platforms for buying KLAY.
Things to Consider When Buying Klaytn
Every investment decision should be carefully considered, taking into account all available information before parting with your money. Some points of interest that may affect the value of KLAY are detailed below.
- Metaverse Growth. Gaming has been a hugely popular and valuable industry for many years and blockchain-based metaverses bring exciting new technology and opportunities to the sector. The metaverse industry was already worth $180 billion in 2020 and research by Grayscale projects that it could one day be worth $1 trillion. Klaytn is poised to take advantage of this highly lucrative space.
- High-Performance Blockchain. There are many other blockchain projects working in the metaverse sector, but most of them are built on Ethereum, the scalability issues of which can make transactions slow and expensive. On the other hand, the Klaytn blockchain is fast, low-cost, and scalable, while maintaining compatibility with Ethereum, to provide a seamless user experience.
- Token Demand. At least 5 million KLAY must be staked to join the Klaytn Governance Council. The coin is also required by developers to pay transaction fees when building on the platform. If this demand increases, KLAY could become more valuable, and Klaytn’s partnerships and global expansion roadmap suggest the project may have strong growth potential.
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