Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Klaytn, and is trustworthy!
You can find our top 3 exchanges for buying Klaytn here, alternatively you can also check our comparison of the best Australian crypto exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Klaytn
And of course, the final step is to find Klaytn on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Klaytn (KLAY)
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How to Sell Klaytn
- Sign into the exchange
- Find where you stored your Klaytn, either on a hardware wallet or on the exchange.
- Transfer your Klaytn to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Klaytn.
Considerations when looking to buy Klaytn.
What makes Klaytn so special? An end-to-end metaverse developer package - Klaytn provides an end-to–end metaverse package. It includes custom L2 solutions and SDKs and smart contracts libraries, IPFS solutions and wallets.
1-second deterministic ultimateity - Klaytn uses an optimized version Istanbul BFT which enables transactions to reach absolute finality in a second. This allows for responsive user experiences and enables use cases that require near-instantaneous and irreversible finality, such as real-time minting and drop of in-game items.
Klaytn data guarantee - The probabilistic finality of Proof-of Work and Proof-of Stake blockchains means that there is very little chance of a transaction being reversed. These blockchains are not suitable for mission-critical applications. This is especially true if they are used at large scale. Klaytn's IBFT consensus algorithm ensures that all data on the blockchain is accurate and cannot be reversed. This allows for the consistency and reliability required for large-scale applications.
Support for Ethereum Equivalence - Klaytn supports EVM, one of the emerging standards in the metaverse/Web3, and will adopt the EVM specification. Klaytn will: * Make Klaytn’s technical stack comparable to the Ethereum stack from an execution and interfacing perspective * Build on existing Ethereum clients and interfacing library to inherit any improvements to their open-source codesbases * Enable Ethereum Improvement Proposals and Klaytn Improving Proposals to contribute to both ecosystems
A unique governance structure - Klaytn's unique approach to decentralization lies at its core in their Governance Council (GC). These GC members include DAOs from different industries and geographies, and are able to form a compact validation network that can deliver the benefits and performance of a permissioned public blockchain. Klaytn plans to increase decentralization further by adding more DAOs and GC members to their GC in order to create a "DAO Of DAOs".
Service chains provide built-in scaling - Klaytn uses the hub-and–spoke model, which is widely recognized as one of the most reliable scalability options. Klaytn's spokes (or service chains) can be tailored to meet specific DApp requirements, such as high throughput, custom node configurations or security levels. Additionally, nested service chain support will allow for the rapid scaling required for metaverse-scale adoption.
$1 billion Protocol-level Ecosystem Fund: - Klaytn has allocated $1 billion to support ecosystem development through a combination of initial reserve KLAY and on chain tokenomics, which re-invest 66% from newly-minted KLAY. These funds will be distributed through a variety of reward and grant programs, including: * The Klaytn Improvement Reserve for infrastructure, tools, and services that improve Klaytn's quality network * Klaytn Growth Fund for early-stage projects that have high potential to create positive impacts on Klaytn. * The Proof of Contribution program to reward smart contract builders who contribute to the on-chain growth of Klaytn.
The enterprise-level preferred choice - Klaytn is the preferred cryptocurrency for enterprise use cases and enterprises, with industry giants like Japan's GMO Internet Group and Indonesia's Salim Group and mobile gaming giants Netmarble, WeMade, among our partners. Klaytn also serves as the official blockchain partner of Bank of Korea's CBDC Project, which runs off a modified Klaytn version.