Learn everything you need to know about Kin or KIN. Also learn how and where you can buy Kin in 2022.
Cryptocurrency is a digital money that has no physical backing. These coins are only available virtually. Online traders can exchange Kin to other virtual cryptocurrency coins. Kin is a digital currency. Unlike other types of money, your Kin is unique and cannot be stolen by a competitor. The value of Kin depends on the total supply and demand of the coin. People who solve complex algorithms (known as “proof of work”) earn new Kin. These people called miners.
The idea behind Kin is to create a peer-to-peer payment system without the involvement of banks or other intermediaries. Kin is a form of digital currency that allows individuals to transfer funds directly from one party to another without using a central bank.
Today, in this article, we are going to share how to buy and trade in Kin. You will also learn Where to buy Kin securely without any issue.
About Kin Coin: Price, Rank, and Market Cap
|Price to USD||$0.000023|
|Price to BTC||0.0000000007BTC|
|24h Volume||$524.9 Thousand|
|Market Cap||$43.1 Million|
|Fully Diluted Market Cap||$233.5 Million|
What is KIN and How Does It Work?
Kin was developed by the canadian social media company Kik, partially as a financing vehicle but also as a key integration for their platform. The Idea behind KIN is that it allows content creators and those which consume the content to interact directly, without of any reliance on monetization through advertising revenue and instead finding monetization through the KIN tokens. .
Technology behind Kin (What is KIN )?
Blockchain is the technology behind the all cryptocurrency like Kin. Kin is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and and decentralized. So no one can control or manage it.
What is blockchain technology?
A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using blockchain, user can confirm transactions without a need for a central clearing authority like bank. All your records are saved on decentralized computers in realtime. So no one can manipulate with any information.
Overview on Kin: The latest Valuation!
The live Kin price on May 17, 2022 is $0.000023 USD with a 24-hour trading volume of $524.9 Thousand USD. We update our Kin to USD price every 24 hours. The current market cap of Kin is $43.1 Million.
The value of the coin is 0.000023 in comparision with BTC. The Rank of this coin is 402. Till now, the coin has reached the value of 0.001643.
The total supply of Kin is 10.000 T and the maximum supply is 10.000 T. As of today, the volume of this Kin is $524.896 K. The total market cap of Kin is $233.5 M.
Step by Step Guide to buy Kin in 2022
If you are new to Crypto world and want to start trading in cryto coins like KIN then here is a complete guide for you. There are somany platforms that allow buying Kin and sell Kin and all platforms and crypto exchanges are secure and safe. But some cryptocurrency exchanges are complex to use for a new users. Coinbase is the trusted place to buy, sell, and manage your digital currency like Kin, and ETH. If you want to trade Kin directly, you can do it easily on Coinbase. You will have to pay minor transaction fee.
We will share some best platforms where you can buy KIN easily and also we will share how to buy KIN using your computer or smartphone.
Some cryptocurrencies, like Kin, can only be purchased with another cryptocurrency on decentralized exchanges. Some coins can only be purchased with Ethereum (ETH) and then use ETH to buy Crypto coins. You have to choose the one that crypto exchange that suits your needs and criteria. Be aware of fee policies, before using it.
Today, Coinbase is one of the most popular and secure decentralized exchange to buy and trade in Kin on cryptocurrency markets.
Many experts recommanded decentralized exchanges instead of using centralized exchange.
Step 1: Download & Register on Crypto Exchange to buy
If you want to start investing in Kin or want to buy Kin then you have to first download Coinbase wallet. Coinbase Wallet is available as a mobile app and browser extension. Download Coinbase Wallet here.
Once you installed Coinbase Wallet on your mobile or browser, open the app and choose username. This username allow you to receive and send crypto.
Step 2: Securely store your recovery phrase
When you create a new wallet, you’ll be given a recovery phrase that includes 12 random words. Note that this key is access to your account. Anyone with this recovery phrase can access all your crypto coins. So keep this private and do not share it. You can also use Coinbase Wallet’s cloud backup feature to save the recovery phrase. If you lost it, Coinbase cannot help you with anything.
Step 3: Buy Coins to Coinbase Wallet
First create a new account on Coinbase. To create new account, just download the app on your mobile or open the official website of coinbase.
1. When app or website opens, click on get started.
2. Enter your basic personal information like email and password
3. Once done, you can access your Coinbase account.
4. Click on Assets and then again click on Explore Assets.
5. Now here search for Kin then click on Buy.
5. You will need to verify your identify using ID card. Once done, you can easily buy Kin.
If Kin is not available on Coinbase, you have to first buy ETH and then trade it with the Kin.
If you’re using the Coinbase Wallet, tap the Convert. Then Search for Kin and input the amount of ETH you’d like to exchange for Kin. Remember to leave enough for transaction fees. Transaction fee is different from one exchange to another.
If Kin is not available on Coinbase, you can use other Crypto exchanges like Binance, Bitmart, HitBTC, and Kucoin.
Transfer your Kin to an Altcoin Exchange!
Kin is a virtual digital currency that can be traded like stocks or bonds. An exchange is required to buy and sell cryptocurrencies, including Kin. You can exchange Kin for cash or other assets. If you want to keep your money safe then exchange your Kin to stable coins like altcoin or USD Coin.
According to Crypto experts, you should use a popular exchange where you can trade altcoins which has impressive liquidity.
Many crypto millionaires recommend BitMart because it supports many crypto coins and meme coins too.
Below is the list of some popular exchanges where you can buy popular crypto coins and exchange your Kin for stable coins.
Just register using your mobile number or email address, verify your ID and then start trading in Kin.
What is Binance?
Binance is well-known for its wide range of trading pairs, which includes cryptocurrencies that most other exchanges consider far too risky for their customers. Binance has its own smart contract blockchain, the Binance Smart Chain, which sets it apart from competitors (BSC). When compared to the Ethereum network, which now has over 5,000 active nodes, the Binance Smart Chain only has 21 validators. Scalability trumps security in this case. You can easily buy Kin using Binance.
How to Sell Kin?
If you want to sell your Kin then here are the steps.
Step 1: First login into your decentralized exchange where your Kin coin is stored.
Step 2: Click on Buy/Sell in the menu bar.
Step 3: Click on the Kin coin and choose sell.
Step 4: Choose the amount of Kin coin you’d like to sell and then Complete your transaction.
Step 5: Confirm the sell price and fees and close your sale of Kin coin.
FAQs on How & where to buy Stable BTC
Q.1. Is there any option to buy Kin with cash?
Ans. Unfortunately, you cannot buy Kin with cash. You can use LocalBitcoins to explore more options if you want to buy Kin with UPI.
Q.2. Can Kin be used anonymously?
Ans. Kin is not anonymous till now. It is because transactions and balance appear publicly on the network.
Q.3. What is the Current Market Price of Kin?
Ans. Current market price of Kin as of today is 43.1 Million.
Q.4. Kin to USD Price?
Q.5. What is the Max Supply of Kin today?
Ans. 10.000 T
Q.6 Can we buy Kin coin in Europe?
Ans. Yes, you can use popular decentralized exchanges like Binance or Bittrex to buy KIN.
Q.7 How to Buy Kin coin in India?
Ans. You can use Coinbase or CoinDCX to buy KIN in India in 2022.