How to Buy NKN (NKN) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy NKN and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells NKN.
  2. Register a new account.
  3. Fund your account.
  4. Buy NKN.
NKN
$0.19233804446496

These steps are simple if you know where to buy NKN cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy NKN (NKN) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best NKN Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

28

Only

28

of these exchanges sell NKN.

We then filter down the entire set of possible marketplaces to only the ones that have active NKN markets.

18

Only

18

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

7

Only

7

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Coinbase

VISIT Coinbase Read Review
Reasons we ♥ Coinbase
Low fees
Educational incentives
Quick withdrawals
CRYPTOCURRENCIES: 238
FUNDING:
Bank Transfer (ACH)
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Debit Card
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Wire Transfer
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Paypal
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Apple Pay
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Google Pay
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SEPA
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EFTCAD
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Interac
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SGD Transfers
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3D Secure Card UK
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Easy Bank Transfer UK
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Faster Payments UK
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Instant Card Cashouts UK
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PayPal UK
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Step 2Register Your New Account

  1. Prepare Personal Information: Collect your personal details, including your name, address, and documents for identity and address verification.
  2. Create an Account: Visit the Coinbase Pro website, click "Sign Up," and provide your name, email address, and country of residence. Then, create a secure password and, if desired, set up two-factor authentication with your phone number.
  3. Agree to Terms: Read and agree to the user agreement and privacy statement.
  4. Verify Identity: Complete a two-step identity verification process by uploading a government-issued ID (passport, driver's license, or national ID card) and taking a selfie to confirm the validity of the photo ID.
  5. Wait for Approval: Wait for Coinbase Pro to review and validate the documents, which can take up to 48 hours, followed by immediate account verification upon approval​​.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy NKN cryptocurrency.

You can buy NKN on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy NKN (NKN)

After registering and funding your account at , you should be able to buy NKN after your deposit finishes processing. After you receive your NKN, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best NKN Exchanges

NKN is also available on these exchanges:


Frequently Asked Questions

Yes, NKN is safe to buy. It is listed for trade on some of our top-rated exchanges including Binance, Zengo, Coinbase, Kraken, KuCoin, Bybit, OKX, Gate.io, BingX.

You can buy NKN instantly at Binance, Zengo, Coinbase using their instant buy feature or a credit card.

Yes you can buy less than one (1) NKN. Cryptocurrencies in general are divisible to 16 decimal places.

To buy NKN, you will need to deposit funds into your exchange account - which usually has no fees - and then buy NKN, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of NKN at Binance, Zengo, Coinbase.

NKN Investment & Buying Guide

Diving into the dynamic realm of digital assets, you’ve likely come across a myriad of options, yet NKN stands out with its novel approach to networking. As a third-generation cryptocurrency, NKN, short for “New Kind of Network,” is redefining data transmission protocols. It’s not just another coin; it’s the backbone of a decentralized internet.

Exploring NKN, you’ll discover it’s more than a currency; it’s a movement towards a truly peer-to-peer network. This blockchain-based project aims to leverage global connectivity without sacrificing speed or security. Your understanding of cryptocurrencies is about to expand as you delve into the intricacies of NKN and its potential to revolutionize the way we share information.

What is NKN Cryptocurrency?

NKN, short for New Kind of Network, is an emerging cryptocurrency that’s stirring up the digital realm. At its core, NKN is all about reshaping data networks using blockchain technology to ensure decentralized and democratic internet access.

How Does NKN Compare to Other Cryptocurrencies?

In the diverse landscape of digital currencies, NKN stands out by focusing on creating a new kind of internet rather than just a payment system. Unlike Bitcoin or Ethereum, which are primarily seen as digital gold or a smart contract platform, NKN is dedicated to data transmission and connectivity.

NKN’s uniqueness lies in its massive peer-to-peer network that rewards users for contributing to internet connectivity. This approach contrasts with cryptocurrencies like Filecoin and Storj, which incentivize data storage rather than data transmission.

The NKN network operates on a novel consensus mechanism known as MOCA, which is designed for efficiency and scalability. It’s distinct from, say, Bitcoin’s energy-intensive Proof of Work, offering a more sustainable alternative.

When it comes to transaction speeds and scalability, NKN has a significant edge over older blockchain systems. With the use of cellular automata, NKN facilitates data relay at unparalleled speeds — a crucial factor in today’s fast-paced world.

Moreover, NKN’s native token plays a central role in facilitating network transactions, similar to how ETH is used in Ethereum. However, NKN tokens are specifically geared towards optimizing network connectivity and data transmission, setting it apart in terms of utility.

In the realm of third-generation cryptocurrencies, NKN stands as a pioneer of web decentralization. Its architecture is designed to improve upon the limitations of first and second-generation cryptocurrencies, pushing the boundaries of what blockchain technology can achieve.

By prioritizing data transmission and connectivity, NKN is carving a niche that goes beyond currency exchange, aiming to be the backbone of a new, decentralized internet. Its potential extends into fields like content delivery, peer-to-peer streaming, and IoT communications.

NKN History & Growth

NKN, short for “New Kind of Network”, launched in January 2018 with a mission to revolutionize data transmission. Founded by Yanbo Li, former lead developer at Onchain, NKN sought to address internet bottlenecks by decentralizing the web. Early in its existence, NKN proved its potential in a rapidly expanding crypto landscape. In April 2019, NKN successfully conducted its public token sale, demonstrating a strong vote of confidence from the community.

The network’s native token, NKN, rapidly gained traction as a utility token within the ecosystem. By July 2020, NKN announced a partnership with Synology, integrating NKN’s nConnect solution, which catered to secure remote access needs. This collaboration marked a significant step for NKN in the field of data services.

Throughout 2021, NKN consistently enhanced its network by increasing node count and improving security. Node Growth was impressive, with the number of edge nodes surpassing 100,000 by the end of the year. This growth not only highlighted the scalability of the NKN network but also reflected its robust, decentralized nature.

As of early 2023, NKN continues to expand its partnerships. Focusing on strategic collaborations has allowed NKN to integrate with various industries, broadening its application scope. Each partnership strengthens NKN’s ecosystem, pushing the boundaries of what’s possible with decentralized data networks. With each development, NKN cements its role in laying the groundwork for a new era of internet connectivity.

Buying NKN with Different Payment Methods

Buying NKN with a Credit Card

Credit cards offer a swift and convenient way to purchase NKN through various cryptocurrency exchanges. By choosing this method, you’ll typically face additional fees, which vary depending on the exchange and card provider.

Buying NKN with a Debit Card

Debit cards are widely accepted for buying NKN and provide direct access to your banking funds. Make sure your bank supports transactions with cryptocurrency platforms to ensure a smooth purchase experience.

Buying NKN with Apple Pay

For iOS users, Apple Pay is a secure method to buy NKN without the need for manually entering card details. Transactions are quick and encrypted, providing an added layer of security.

Buying NKN with Paypal

Buying NKN with PayPal comes with the ease of using a familiar platform. Not all exchanges accept PayPal, so check the availability before proceeding.

Buying NKN with a Bank Transfer

A bank transfer can be the most cost-effective option to acquire NKN for those not in a hurry. While it takes longer than card payments, the lower fees may provide more value for your money.

Keeping Your NKN Safe

Investing in NKN requires not only knowledge of payment methods but also an understanding of how to protect your assets. Ensuring the safety of your NKN tokens is paramount as it prevents unauthorized access and potential loss.

Software Wallets

Software wallets are applications you can download to your computer or smartphone. They encrypt your private keys providing a balance between accessibility and security. Most software wallets are easily accessible, making them a convenient option for regular transactions. It’s crucial you choose a software wallet with strong security features such as two-factor authentication and back-up options.

Hardware Wallets

Hardware wallets are physical devices that store your NKN offline. They are widely considered the safest storage option as they are immune to online hacking attempts. Tangible and compact, these wallets can be connected to any computer via a USB, allowing for secure transactions. Remember that, although hardware wallets come with a higher upfront cost, they offer an investment in the security of your NKN.

Selling & Withdrawing NKN

When you’re ready to sell your NKN, most cryptocurrency exchanges follow a similar process. You’ll need to create a sell order, specifying the amount of NKN you wish to sell and the price per token. Understand that liquidity and trading volume can significantly impact how quickly your sell order is executed. Timing your sale can be crucial; high-traffic periods could provide faster executions but may come with higher transaction fees.

Withdrawing fiat money from a crypto exchange after selling NKN involves transferring funds to your linked bank account or card. Each exchange has distinct withdrawal limits and processing times you should be aware of before initiating the transfer. Major exchanges often offer tiered withdrawal levels, where verified users enjoy higher limits and sometimes lower fees.

Safety during selling and withdrawing is paramount—you must ensure that you’re operating on a secure and trusted platform. Utilize secure internet connections and two-factor authentication whenever available to protect your funds.

Keeping an eye on exchange rates can maximize your returns, so it’s worth monitoring trends before selling. Remember, selling and withdrawing are two separate actions; plan for both to manage your NKN investment effectively.

Is NKN a Good Investment?

When considering NKN as an investment, you’ll want to look at its performance history and market adoption. NKN has been noted for its novel approach to using blockchain for network connectivity, which could potentially disrupt traditional networking methods. The demand for decentralized solutions in communications is growing, potentially increasing NKN’s value over time. At the same time, NKN faces competition from other blockchain projects focused on similar decentralized web solutions.

NKN’s unique consensus mechanism, known as Proof of Relay (PoR), ensures that the network remains efficient and scalable. This could play a major role in its widespread adoption in the Internet of Things (IoT) and peer-to-peer networks. Its limited supply of 700 million tokens could also factor into its value appreciation as scarcity can drive prices up.

Investing in cryptocurrencies, including NKN, comes with inherent risks such as market volatility and regulatory changes. You should always perform due diligence, like checking for historical price trends and current developments in the NKN project. Remember, investing in cryptocurrencies requires a risk appetite and a willingness to potentially face significant fluctuations in value. Keep your investment strategies diverse to mitigate risks.

By staying informed on NKN’s technological advancements and its position in the market, you’ll be better equipped to decide if it aligns with your investment goals. Monitor the ecosystem for updates, partnerships, and roadmap milestones that could influence NKN’s trajectory. This way, you can make an informed decision based on the latest, credible information.

NKN Price Predictions

Forecasting the future price of NKN requires analyzing both past performance and current market trends. Historical data is critical as it provides insight into the cryptocurrency’s volatility and potential. Experts pore over charts and models to extrapolate possible future prices.

Your understanding of NKN’s price predictions depends on several factors including project development, market sentiment, and investor behavior. Technological milestones within the NKN network can serve as catalysts for price movements. NKN’s unique Proof of Relay consensus mechanism might influence its attractiveness to investors as they anticipate growth.

Price predictions for NKN also consider its adoption rate in the evolving Internet communication sector. Market participants watch for signs of increased usage as an indicator of rising demand.

Market cap trends and comparison with similar projects can also provide context for NKN’s future price. Analysts often look at the performance of comparable cryptocurrencies to gauge potential growth trajectories for NKN.

Remember, accuracy in price predictions can never be guaranteed. Cryptocurrency markets are notoriously unpredictable. Always ensure that your investment decisions are backed by your own research and risk tolerance.

Additional Info

As you navigate the evolving landscape of NKN, remember that staying informed and secure is paramount. Your journey with this innovative cryptocurrency doesn’t end with a single transaction; it’s an ongoing process of monitoring, learning, and adapting. Whether you’re storing NKN in a wallet or analyzing market trends for your next move, making decisions based on thorough research will serve you well. Keep your finger on the pulse of NKN’s technological progress and market dynamics, and you’ll be equipped to harness its potential to the fullest. Stay vigilant, stay informed, and let your investment strategy reflect the nuanced nature of the crypto world.

NKN (NKN)
Price
$0.19233804446496
24h Change
-6.2
7d Change
18.2