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How to buy SKALE (SKL)

Learn how to buy SKALE (SKL) on 10+ crypto exchanges in our step-by-step guide.

SKALE
SKL- USD
$0.05
- $0.0013 ( - 2.79%)
GALAXY-DIGITAL-PORTFOLIO
Buy SKALE
Updated . What changed?
Fact checked

You can buy SKALE (SKL) on a cryptocurrency exchange like Uphold. These specialized marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. SKL is the native token of the SKALE Network. Here's how to buy SKALE.

How to buy SKALE in 4 easy 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.

  1. Compare crypto exchanges
    The easiest way to buy SKALE 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.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit $ using the payment method that best suits you – bank transfer, credit card, debit card and bank transfer (sepa) payments are widely accepted.
  4. Buy SKALE
    You can now exchange your funds for SKALE. 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 SKALE to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy SKALE

Find an exchange to buy, sell and trade SKL by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

1 - 5 of 11
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Uphold Digital Money Platform
Uphold Digital Money Platform
Bank transfer, Credit card, Debit card, Bank transfer (SEPA)
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD & 10+ more

125
cryptocurrencies

Refer a friend to earn US$20 — $10 for you and $10 for the person you refer.
Buy, send and convert from 27 currencies in seconds, all on one platform.
Go to site
View details
Crypto.com App
3.0★★★★★(47)
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

265
cryptocurrencies

Buy 250+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Go to site
View details
KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

603
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Go to site
View details
Gemini Cryptocurrency Exchange
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Debit card, Wire transfer
USD, AUD, CAD, EUR, GBP, SGD, HKD, COP

117
cryptocurrencies

Get USD 25 in BTC when you trade USD 100 within 3 days of signing up. T&Cs apply.
Execute multiple trade types with no fees on cryptocurrency and wire transfer deposits on this exchange.
Go to site
View details
Paybis Cryptocurrency Exchange
Paybis Cryptocurrency Exchange
Bank transfer, Debit card, Neteller, Credit or Debit Card
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

404
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Go to site
View details
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Compare up to 4 providers

How do I find the best places to buy SKALE?

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 the US 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 SKALE?

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 SKALE.

  • 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 SKL 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.

Where can I buy SKALE with a credit or debit card?

Once you've created an account, you will need to deposit funds to buy SKL with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy SKL on the following exchanges:

Exchange
Bank deposit
Card deposit
Crypto deposit
Buy SKL
Go to Uphold Digital Money Platform
Go to Crypto.com App
Go to KuCoin Cryptocurrency Exchange
  • 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 SKL by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for SKL on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy SKALE?

The easiest way to buy SKL 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.

Before buying SKL, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of SKALE has been performing recently.

Best SKALE wallets to store your SKL

You can keep your SKL 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 learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is SKALE a good investment?

Investing in cryptocurrencies is often a risky undertaking due to the speculative and volatile nature of the market. It is very important that you understand all the risks involved in investing in a particular cryptocurrency and the various factors that impact its price. Here are some of the aspects you need to consider before adding SKL to your investment portfolio:
  • Supply: As per data from CoinMarketCap the maximum supply of SKL is 7 billion coins. The network issuance for the first year was 9.3% and will be decreasing gradually till year 7 of its existence.
  • Usage: The SKL token is an instrument that serves 4 major functions in the network.
  • Staking and security: Holders act as delegators who stake their tokens to validators. These validators run the network by validating blocks, executing smart contracts and managing the security of the network.
  • Payment: It is used as a method of payment for chain subscription fees in the SKALE network.
  • Rewards: It’s also the reward mechanism for delegators staking tokens and to validators for contributing to the network. Rewards are accumulated monthly and are based on the network fees paid by developers for the usage of the blockchain or sidechains.
  • Governance: It also serves as the governance token. It is used for the on-chain voting that controls all the economic aspects of the network.
  • Investors: The SKALE network is backed by a prominent group of investors. These investors include Consensys Labs, which is the core development team of Ethereum, as well as Winklevoss Capital, Hashed, HashKey and Multicoin Capital.

Additional information about SKALE can be found using our SKL analysis tools.

Today's SKALE price versus ATH

Compare today's price of SKALE ($0.04611276 USD) against its all-time-high price of $1.22 USD on 12 March 2021. The closer the bar is to 100%, the closer SKL is to reaching its ATH again.

SKALE's price: $0.04611276
ATH date: March 12, 2021
3.78%

SKALE ATH: $1.22


How to trade, convert or sell SKALE

You can convert or sell your SKL with the same exchange you bought it through:
  1. Sign in to the exchange you have SKL on.
  2. If you store your SKALE in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of SKL you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of SKALE.
  6. Complete your transaction and move your SKL to a wallet for storage.
  1. SKALE Network
  2. Data by CoinGecko

Disclaimer: Cryptocurrencies, including SKALE, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SKL 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 SKALE or any other cryptocurrency discussed.

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