Ledger Nano X Wallet
★★★★★ 4.6
Price (USD)
$149
Supported assets
5,500+
Where to buy Koinos
Unfortunately, at this time no major exchanges in the US offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.
Consider buying a different cryptocurrency after comparing popular exchanges.
Best Koinos wallets to store your KOIN
You can keep your KOIN 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 KOIN below.
Trezor Model T Wallet
★★★★★ 4
Price (USD)
$219
Supported assets
1,456+
SafePal S1 Wallet
★★★★★
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 Koinos a good investment?
Before rushing out to invest in any cryptocurrency it’s worth researching the token first, as well as its associated platform, and observe what factors might influence its price. In the case of KOIN, here are some elements that should be considered:
- Mana. A central concept of Koinos’ fee-less structure is mana, which is a distinct take based on Ethereum’s gas fees. Essentially, each KOIN owned by a user comes with a mana balance. When KOINs are used to participate in the network, instead of paying fees, KOIN tokens will be locked up while their mana ‘regenerates’. Essentially, users pay for gas fees with opportunity cost, instead of with additional tokens.
- Mining. Unlike most Proof-of-Work consensus mechanisms, a GPU cannot be used to mine KOIN tokens. This somewhat dissuades the use of Application-Specific Integrated Circuits (ASICs) and promotes decentralisation. Mining KOIN tokens instead makes use of computers’ CPUs, so it is accessible to everyday blockchain users instead of being controlled by institutions or whales with computer farms. It’s also worth noting that PoB consensus mechanisms typically leave the lead developers without capital, which is a major reason for its lack of popularity.
- Development team. Koinos has a transparent and established development team which potential investors may wish to research prior to purchasing KOIN. Their CEO (Andrew Levine) and blockchain architect (Michael Vandeberg) were previously employees at Steemit, a blockchain-based social media platform.
- Competition. Although Proof-of-Burn is a relatively unique consensus mechanism in the crypto industry, it isn’t actually that new. The idea for PoB was floated in 2012 by Iain Stewart, and has been implemented by networks other than Koinos. Examples include Slimcoin and Counterparty. It may be worth comparing these platforms to Koinos and determine which you believe has more value, as they could be competing for market share.
Today's Koinos price versus ATH
Compare today's price of Koinos ($0.417597 USD) against its all-time high (ATH) price of $1.63 on November 14, 2021. The closer the bar is to 100%, the closer KOIN is to reaching its ATH again.
Current price: $0.417597
All time high: $1.63
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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.
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