How To Buy Klaytn (KLAY)?
A common question you often see on social media from crypto beginners is “Where can I buy Klaytn?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process.
Step 1: Create an account on an exchange that supports Klaytn (KLAY)
First, you will need to open an account on a cryptocurrency exchange that supports Klaytn (KLAY).
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In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.
Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.
Step 2: Deposit funds into your account
Many cryptocurrency exchanges will allow you to purchase Klaytn (KLAY) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.
Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.
Step 3: Buy Klaytn (KLAY)
This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Klaytn (KLAY) or Klaytn (KLAY) trading pairs. Look for the section that will allow you to buy Klaytn (KLAY), and enter the amount of the cryptocurrency that you want to spend for Klaytn (KLAY) or the amount of fiat currency that you want to spend towards buying Klaytn (KLAY). The exchange will then calculate the equivalent amount of Klaytn (KLAY) based on the current market rate.
Note: Make sure to always double-check your transaction details, such as the amount of Klaytn (KLAY) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.
For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out.
What Is Klaytn (KLAY)?
Launched in June 2019, Klaytn is a public blockchain platform providing an accessible user experience and development environment in order to convey the value of blockchain technology. The platform combines the best features of both public blockchains (decentralized data and control, distributed governance) and private blockchains (low latency, high scalability) via an efficient ‘hybrid’ design.
Klaytn aims to bring blockchain technology to all types of users, from micro startups to enterprise divisions. The company’s mission is to make decentralization via blockchain available on a global scale. In addition, the project has already secured interest from numerous highly reputable brands around the world.
Who Are the Founders of Klaytn?
Jaesun Han is the founder and CEO of GroundX, the company behind the Klaytn blockchain. Han has a Ph.D. in electrical engineering and computer science from the Korea Advanced Institute of Science and Technology. His professional career started as a postdoctoral researcher for KAIST, where he conducted extensive research into distributed computing.
His first jump towards entrepreneurship was in 2007, when Jaesun Han founded NexR, the first big data and cloud computing tech startup in Korea. In 2008, Han took up a position as a chairman of the board of the Consortium of Cloud Computing Research. In November 2011, Jaesun Han became the CTO of KT Cloudware, a company dedicated to technically support KT Ucloud services.
Aside from his business and entrepreneurial ventures, Jaesun Han is also a credited adjunct professor at KAIST.
What Makes Klaytn Unique?
You can easily deploy your own chain or join other chains on Klaytn without any technical knowledge required; you don’t need to be an expert in cryptography or have a deep understanding of blockchain technology. Without the need to consult a highly specialized technical advisor, anyone can launch their own token economy ecosystem on Klaytn, according to their literature.
As an ecosystem of a wide array of decentralized applications (DApps), Klaytn presents users with the opportunity to find or develop the right type of application for their needs. Because of the decentralized nature of the platform, users have virtually unlimited use cases before them, as app publication is not restricted. Klaytn supports DApps in a multitude of spheres, including digital asset management, art collecting and trade, game development, and decentralized exchanges.
Because of this versatility, Klaytn has attracted the attention of institutional investors like Humanspace, Wemade Tree and Piction Network.
Official website: https://www.klaytn.com/