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How to buy KILT Protocol (KILT)
Learn how to buy KILT Protocol (KILT) in our step-by-step guide.
KILT Protocol (KILT) is in the top 1,000 cryptocurrencies by market cap, valued at $49,780,893.
KILT Protocol is a highly volatile asset capable of major price swings in a single day. Today KILT is trading for $0.413385, which is slightly up from yesterday's trading price of $0.4268636465. KILT Protocol's seen a decrease of -48% over the past year.
So before you buy KILT Protocol, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can buy KILT Protocol.
How to buy KILT Protocol in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchangesThe easiest way to buy KILT Protocol is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an accountTo create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a depositOnce verified, you can deposit USD using the payment method that best suits you – cryptocurrency, card and bank payments are widely accepted.
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Buy KILT ProtocolYou can now exchange your funds for KILT Protocol. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your KILT Protocol to your personal wallet.
Where to buy KILT Protocol
Find an exchange to buy, sell and trade KILT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
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How we keep this KILT Protocol guide up-to-date
- KILT price data is regularly updated through data feeds so you always have the latest information.
- KILT Protocol performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy KILT Protocol?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy KILT Protocol?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading KILT Protocol.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing KILT with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy KILT Protocol?
Once you've created an account, you will need to deposit funds to buy KILT with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy KILT:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase KILT by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for KILT on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy KILT Protocol?
The easiest way to buy KILT is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Best KILT Protocol wallets to store your KILT
You can keep your KILT on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your KILT below.
Ledger Nano X Wallet
★★★★★ 4.6
Price (USD)
$149
Supported assets
5,500+
Trezor Model T Wallet
★★★★★ 4
Price (USD)
$186
Supported assets
1,317+
SafePal S1 Wallet
★★★★★ 4
Price (USD)
$49.99
Supported assets
30,000+
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is KILT Protocol a good investment?
The KILT coin is an integral part of the KILT ecosystem. However, like all altcoin investments both the token and the associated protocol should be thoroughly researched. Here are a few points to consider before placing funds into KILT:
- Slow rollout of Web 3.0: While the need for blockchain-based credentials is apparent, the transition from traditional authentication mechanisms may take a while to develop. Web 3.0 is still young and it will take time to mature and develop workable standards. Only after that point has been reached is it likely to blockchains such as KILT to witness mass adoption.
- Competition: Like any blockchain project with a solid use case, KILT has some serious competition, such as the Selfkey protocol. Even the blockchain giant Cardano promotes digital identity as a use case, and its Atala PRISM already has a million users in Africa. The KILT project team and community need to be continually innovating to avoid being left behind.
- Interoperability: Since the KILT has been built using the Substrate framework, the blockchain is both scalable and interoperable. It should be able to run smoothly even with high network traffic and communicate with other Web 3.0 and blockchain platforms with ease - particularly within the Polkadot ecosystem. As the Polkadot ecosystem grows, there may be proportionally more demand for the KILT blockchain.
- Governance and staking: The KILT protocol, including its treasury, is managed by a community DAO that is composed of tokenholders. Hence, its success is tied to the efforts and ingenuity of its community. The protocol also implements staking, providing holders with the opportunity to earn interest proportional to the amount of KILT that they own.
- Tokenomics: The token has a low inflation rate, beginning at 5% and dropping to below 1% six years after launch, only to continue its downward trajectory over time. Furthermore, it also has a maximum cap on its supply, which puts a limit to the number of coins generated.
Today's KILT Protocol price versus ATH
Compare today's price of KILT Protocol ($0.413385 USD) against its all-time high (ATH) price of $9.80 on December 01, 2021. The closer the bar is to 100%, the closer KILT is to reaching its ATH again.
Current price: $0.413385
All time high: $9.80
How do I trade, convert or sell KILT Protocol?
You can convert or sell your KILT with the same exchange you bought it through:- Sign in to the exchange you have KILT on.
- If you store your KILT Protocol in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of KILT you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of KILT Protocol.
- Complete your transaction and move your KILT to a wallet for storage.
How to buy other cryptos
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
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