How to buy Kin (KIN) in the UK

Learn how to buy Kin (KIN) in our step-by-step guide.

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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

You can buy Kin (KIN) on a cryptocurrency exchange like Kriptomat. These specialised marketplaces allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Kik is a popular mobile messaging app and social media platform that can be used on iPhone and Android devices. Here's how to buy Kin.

How to buy Kin 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 Kin 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 – credit card, neteller, sofort and skrill payments are widely accepted.
  4. Buy Kin
    You can now exchange your funds for Kin. 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 Kin to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

Where to buy Kin in the UK

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

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.
1 - 2 of 2
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

354
cryptocurrencies

Finder Exclusive: Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
Buy a large selection of cryptocurrencies instantly via credit card or bank account after registering. Store your crypto conveniently in Kriptomat's multi-currency wallet.
Kraken Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, Osko, SEPA, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD

184
cryptocurrencies

Kraken offers staking, an OTC desk, and dark pools. Trade multiple fiat currencies and cryptocurrencies from your desktop or mobile with near-instant deposits and withdrawals.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Compare up to 4 providers

How do I find the best places to buy Kin?

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 UK 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 Kin?

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 Kin.

  • 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 KIN 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 is the easiest way to buy Kin?

The easiest way to buy KIN 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 KIN, 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 Kin has been performing recently.

Best Kin wallets to store your KIN

You can keep your KIN 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.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

Is Kin a good investment?

Cryptocurrency is a particularly volatile market, making it extremely important to perform due diligence before deciding to purchase a token. Here are some things to keep in mind prior to buying KIN:

  • KIN Rewards Engine. KIN tokens will be distributed as a daily reward to developers and digital services through the KIN Rewards Engine. This engine uses an algorithm designed to calculate a user’s contribution to the overall ecosystem.
  • User base. One of the major obstacles facing all cryptocurrencies is the ability to achieve widespread adoption. In its whitepaper, Kik claims 57% of its users are in the 13-24 age bracket. This has two connotations – younger people typically have less disposable income and are more suited to the micropayments system offered by KIN, and youths are typically more receptive to using cryptocurrency and progressive platforms in general.
  • Kik points. From 2014 to 2016 before the launch of KIN, Kik ran a test to find out whether its customers would use tokens on the platform. These Kik tokens weren’t blockchain-based and couldn’t be traded outside the app, but by the conclusion of the experiment, up to two million Kik token transactions were taking place per day. This suggests an appetite for micropayments and native tokens on social media platforms, which will prove important in adoption.
  • Use-case. Though KIN can be used off the Kik platform on a few other applications, for the most part KIN holders will likely only see the full benefit of their investment if they are actively using the Kik platform. How many new apps get built using KIN as their payment system will play a big role in how successful the token is.

Additional information about Kin can be found using our KIN analysis tools.

Today's Kin price versus ATH

Compare today's price of Kin ($0.00001179 USD) against its all-time-high price of $2020-01-11T14:05:14.714Z USD on 01 January 1970. The closer the bar is to 100%, the closer KIN is to reaching its ATH again.

Kin's price: $0.00001179
ATH date: January 11, 2020
0.96%

Kin ATH: $0.00122572


How to trade, convert or sell Kin

You can convert or sell your KIN with the same exchange you bought it through:
  1. Sign in to the exchange you have KIN on.
  2. If you store your Kin 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 KIN you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Kin.
  6. Complete your transaction and move your KIN to a wallet for storage.

Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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