Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Kyber Network. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a good amount of reliable and regulated crypto exchanges, so it’s quite easy finding an exchange that has Kyber Network. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Kyber Network in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Kyber Network in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Kyber Network, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Kyber Network.
Or, if you’d like to know more about the exchanges we prefer, read our comparison of the best places to buy crypto.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.
Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.
Once done, it’s time for the next step.
3. Funding your account with AUD
To buy Kyber Network, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.
4. Buy Kyber Network
The final step is to go to their asset list, find Kyber Network, navigate to the buy section, and then trade your AUD for some KNC. Once you’ve bought Kyber Network, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.
Where to Buy Kyber Network (KNC)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.
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How to Sell Kyber Network
If you’re thinking about selling Kyber Network, just follow the steps below.
- Sign in to the cryptocurrency trading platform (like Swyftx).
- Click on Kyber Network in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell Kyber Network for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Kyber Network in Australia legal?
Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.
How to buy Kyber Network with PayPal?
Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Kyber Network. Have a look on their site first, you might be lucky.
How to buy Kyber Network with a credit card or debit card?
Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Kyber Network with your credit/debit card.
About Kyber Network
Kyber Network is a network that provides liquidity protocols. It aggregates liquidity from multiple sources, allowing secure and instant transactions on all Decentralized Applications (DApps). Kyber Network's primary purpose is to make it easier for DeFi DApps, decentralized exchanges (DEXs), and other users to access liquidity pools with the best rates.
Any Ethereum block explorer can verify all transactions made on Kyber. Projects can be built to take advantage of the many services offered by Kyber. These include instant settlement of tokens or liquidity aggregation.
Kyber, a decentralized finance company, solves the liquidity problems in the Decentralized Finance sector. It allows developers to create products or services without worrying about liquidity availability.
The Kyber Network Crystal token, or KNC, is a utility token. It acts as the glue between all stakeholders within Kyber's ecosystem. Holders of the Kyber Network Crystal token can stake their tokens in the KyberDAO to vote on important propositions --- and also earn staking rewards for Ethereum, which are earned from trading fees.
Kyber Network is the first tool that allows anyone to instantly exchange tokens, without having to use a third-party, such as a central trading platform. Kyber Network's unique architecture makes it easy to integrate other blockchain-based apps and protocols with Kyber.
DeFi has many uses and possibilities. DeFi can be used in many ways. Developers can quickly invent and integrate new protocols into the Kyber Network's overall Kyber Liquidity Hub architecture to meet various liquidity needs.
The company launched Kyber DMM in April 2021. It is the world's first dynamic market maker protocol (DMM). AMM Kyber DMM of the next generation was designed to adapt to market conditions and maximize earnings. It allows liquidity providers to attain extremely high capital efficiency, especially for stable pairs that have low price volatility (such as USDC/USDT and ETH/SETH). These pools will have very high amplification factors. Given the same liquidity pool size, slippage can reach 100x or higher than other AMMs. Takers might have very low slippage, but liquidity providers can maximize capital use and earn higher fees.
Kyber DMM will mark the beginning of many new liquidity protocols on the Kyber 3.0 Liquidity Hub.
KNC token holders play a key role in the Kyber ecosystem. They are key players in the decision making process for new growth opportunities, value-capture opportunities and incentive mechanisms. KyberDAO gives token holders of KNC the chance to vote on important proposals. The Kyber community includes many developers and other members of DeFiâ€™s growing industry.
Kyber's entirely on-chain design permits the protocol to maintain transparency and verifiability. It claims to be the world's largest liquidity hub.