Looking to buy NKN (New Kind of Network)? This guide answers all your queries related to this cryptocurrency that powers a decentralised internet, allowing users to share bandwidth and network resources securely. Unlike traditional internet providers, NKN creates a peer-to-peer network where users contribute to data transmission and earn rewards. It runs on a unique Proof of Relay (PoR) system, which ensures secure and efficient data flow without relying on central servers.
NKN has multiple use cases, from secure remote access to decentralised communication and IoT connectivity. It also offers developer-friendly tools like nConnect and nMobile, making it an essential part of the next-generation internet. You can easily buy NKN on major exchanges, but choosing the right platform and securing your tokens are important factors you can’t ignore.
In this guide, you’ll learn how to buy NKN step by step, from selecting an exchange to storing your tokens safely. Let’s get started on making your first NKN purchase!
How To Buy New Kind of Network In 4 Easy Steps?
Follow these simple steps to acquire and securely store your NKN tokens, ensuring a smooth process from start to finish.
Step 1: Choose A Crypto Exchange Platform
The first step is selecting a trustworthy crypto exchange. Opt for a platform with a reputation for security, reliability, and user-friendly features. Consider the fiat currencies the platform supports, as well as the available altcoin trading pairs.
For US Dollar purchases, Coinbase and Crypto.com are excellent choices. If you prefer using Euros, Bitvavo supports Euro transactions for easy buying. Indian Rupee (INR) holders can turn to CoinDCX for NKN purchases.
If you’re holding altcoins, you have several choices. Tether (USDT) is available for trading on platforms like BitGet, KuCoin, BingX, and MEXC. For Bitcoin (BTC), Binance and UpBit offer great options, while DeGate supports USD Coin (USDC) pairs. Choose the platform that suits your preferences to begin your NKN acquisition smoothly.
Step 2: Register On Any Of The Platform
After selecting your exchange, it’s time to sign up. Navigate to the platform’s registration page and input essential details such as your email address, phone number, and residential address. To complete identity verification, you will need to upload a government-issued ID like a passport or driver’s licence.
Typically, verification takes a few hours, ensuring that your account is set up securely and quickly. Once registered, you’re ready to explore your NKN trading options and move forward with your purchase.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
Now that your account is set up, it’s time to fund it and buy NKN. Depending on your preferred payment method, exchanges like Coinbase and Crypto.com let you purchase directly with USD, while Bitvavo allows you to buy with Euros. If you’re in India, CoinDCX lets you use Indian Rupees (INR).
For those holding altcoins, exchanges like BitGet, KuCoin, BingX, and MEXC offer NKN trading pairs with Tether (USDT), while Binance and UpBit allow trading with Bitcoin (BTC). DeGate provides the option to buy NKN with USD Coin (USDC). Make sure to choose the payment method that works best for you, whether it’s via bank transfer, debit/credit card, or crypto wallet transfer. Once you’ve made your purchase, NKN will be added to your account.
Step 4: Store The Cryptocurrency In A Wallet
After acquiring NKN, it’s crucial to transfer it to a secure wallet for safekeeping. Storing your tokens in a personal wallet ensures added protection and gives you greater control over your assets. Begin by withdrawing your NKN from the exchange and inputting your wallet’s public address.
Make sure to choose a wallet that supports NKN. Trusted options include BitGet Wallet, Trust Wallet, Ledger Stack, Trezor Safe 3, and Atomic Wallet. Once the transfer is complete, your tokens will be safe from potential threats, ensuring peace of mind.
Also read: What are crypto wallets?
Popular Video Guides On Buying New Kind of Network (NKN)
Also read: Ethereum vs Bitcoin: which is better?
Where To Buy New Kind of Network (NKN)
Coinbase is a popular cryptocurrency exchange, founded in 2012, designed to be user-friendly and secure. It offers an intuitive platform for buying, selling, and managing digital assets, catering to both beginners and experienced traders. With strong security protocols, including two-factor authentication and cold storage, it ensures the safety of user funds. Coinbase's mobile app allows users to trade on the go, making it a reliable and accessible choice for anyone entering the crypto market.
Factsheet
Operational Since: | 2012 |
Deposit Methods: | Cryptocurrency, Bank Transfer, Debit/Credit Card, PayPal and SWIFT. |
Deposit Fees: | Wallet: 1.49% fee, Card: 3.99%, ACH: Free, Wire: Fees. |
Cryptos Listed: | 247+ |
Trading Fees: | 0.00% to 0.40% for maker fees, and 0.05% to 0.60% for taker fees |
Fiat Currencies Supported: | 60+ fiat currencies |
Trustworthiness: | Safe and Reliable |
Founded in 2016, Crypto.com is a global crypto exchange available in over 90 countries, serving over 80 million users. It provides a unique debit card that allows users to spend cryptocurrencies worldwide. The platform also offers a mobile wallet, investment products, and tools for businesses to accept crypto payments. Notable for its cash back rewards, up to 8%, for users holding high balances in CRO, Crypto.com is a comprehensive service provider for both individuals and businesses in the crypto space.
Factsheet
Operational Since: | 2016 |
Deposit Methods: | Credit/debit cards, bank accounts, ACH, wire transfers, etc |
Deposit Fees: | No charges |
Cryptos Listed: | 300+ |
Trading Fees: | Standard Fee of 0-0.075% for the maker and 0.05%-0.075% for the taker |
Fiat Currencies Supported: | AUD, CAD, EUR, GBP, USD, BRL, TRY |
Trustworthiness: | Safe and Reliable |
CoinDCX, founded in 2018 by Sumit Gupta and Neeraj Khandelwal, is a leading crypto exchange based in India. With a strong focus on financial independence through cryptocurrency, CoinDCX has grown to become India’s first crypto unicorn. The platform offers a variety of crypto trading services and educational resources. CoinDCX's innovative approach to blockchain technology and its strong leadership make it a significant player in the Indian and global crypto markets, paving the way for future expansion and success.
Factsheet
Operational Since: | 2018 |
Deposit Methods: | Bank transfers, UPI, Debit/Credit cards, Crypto transfers |
Deposit Fees: | Nil on fiat deposits |
Cryptos Listed: | 500+ |
Trading Fees: | 0.03% – 0.50% (Depends upon the trading volume) |
Fiat Currencies Supported: | INR |
Trustworthiness: | Safe and Reliable |
Frequently Asked Questions
Where Can You Buy New Kind of Network With A Credit Or Debit Card?
You can buy NKN with a credit or debit card on Coinbase and Crypto.com using US Dollar (USD). If you are based in India, CoinDCX allows you to make purchases in Indian Rupees (INR). These exchanges provide a simple and direct way to buy NKN with your card.
Alternatively, you can buy Tether (USDT) on platforms like MEXC or Binance using your credit or debit card. Once you have USDT, you can exchange it for NKN tokens. This method offers more flexibility, especially if direct purchases of NKN are unavailable in your region. Always choose a secure and trusted platform to ensure safe transactions.
What Will You Need To Buy New Kind of Network?
Here’s everything you’ll need to own an NKN token:
- Exchange Platform: To purchase NKN tokens, you’ll need to use a reliable exchange platform. Exchanges like Coinbase, CoinDCX, Binance, and Crypto.com offer straightforward access to NKN. These platforms provide a variety of tools for easy trading and managing your tokens.
- Identification Documents: To access a crypto exchange, create an account and complete the KYC (Know Your Customer) verification. This process requires you to submit valid identification documents like a passport, driver’s licence, or tax return to verify your identity.
- Debit/Credit Card: A debit or credit card is a simple way to fund your account. Most major exchanges accept cards for direct purchases. Be sure to check the platform’s payment options to confirm that your card is supported before proceeding.
- Crypto Wallet: Once you purchase your NKN tokens, it’s best to transfer them to a secure crypto wallet. Consider wallets like Atomic Wallet, Trust Wallet, Ledger Stack, Trezor Safe 3, or Bitget Wallet for enhanced security. Always check for safety protocols and customer feedback before choosing your wallet.
Ensure that you have all these ready for a seamless and secure NKN purchase experience.
What Is The Easiest Way To Buy New Kind of Network?
The easiest way to buy NKN is through a reliable crypto exchange that supports fiat currencies like USD or INR. Platforms such as Coinbase and Crypto.com allow you to purchase NKN using USD with your credit or debit card. If you’re in India, CoinDCX offers a seamless process to buy NKN with INR.
To get started, simply create an account on your chosen platform, complete the necessary verification steps, and select NKN from the available trading options. This process is quick, secure, and convenient, with your NKN stored in your exchange wallet, ready for use. Always check for any additional fees and ensure the exchange is trustworthy before making your purchase.
Best Wallets To Store Your New Kind of Network (NKN)
Choosing a secure and reliable wallet for your NKN tokens is essential for safeguarding your assets. Different wallets offer unique features, so you can select the one that best fits your needs.
- BitGet Wallet: A comprehensive wallet that supports NKN along with many other cryptocurrencies. BitGet offers advanced trading features and a user-friendly interface, making it an ideal option for both beginners and seasoned users.
- Trust Wallet: This versatile wallet supports a wide range of cryptocurrencies, including NKN. It provides easy access to decentralised applications (dApps) and features like staking, giving you complete control over your tokens.
- Ledger Stack: A highly secure hardware wallet, Ledger Stack keeps your NKN offline, protecting it from online threats. With its companion app, you can manage and trade your tokens securely, making it ideal for those who prioritise security.
- Trezor Safe 3: A well-known hardware wallet that offers top-tier security for your NKN tokens. Trezor Safe 3 ensures your assets are stored safely offline while allowing for easy management and integration with various platforms.
- Atomic Wallet: Atomic Wallet supports NKN alongside numerous other cryptocurrencies. It offers additional features like staking and a built-in exchange, allowing you to manage and trade tokens securely and easily.
Using these wallets will help ensure that your NKN tokens are safely stored while providing a range of features to meet different user requirements.
