How to buy Kadena (KDA) Guide (2024)

Step 1: Create a free account on the Exchange website or the app.

Your exchange account serves as a portal for purchasing cryptocurrency. There are many popular exchanges such as: Coinbase, Binance and so on. Do your research and choose a suitable exchange. Then, create an account by providing necessary information, including your email address, a secure password, and complete any identity verification steps.

Quick tip: Check the exchange’s reputation, read users’ reviews and find if there is any complain to get more insights. Remember to compare different exchanges to choose the most suitable one for you.

Step 2: Choose your funding method to buy the Kadena (KDA).

Every exchange offers multiple payment methods for your convenience. Some commonly used options include:

• Credit Card or Debit Card: This straightforward method is ideal for newcomers to purchase Kadena (KDA). Virtually all exchanges support both Visa and Mastercard transactions.
• Bank Deposit: Transfer fiat currency from your bank account to the exchange using SWIFT, and then utilize the deposited funds to buy Kadena (KDA).
• P2P Trading: Certain exchanges provide a peer-to-peer service, allowing you to directly purchase Kadena (KDA) from other users.
• Third-Party Payment: Various third-party payment channels are available with multiple choices. You may need to refer to your exchange's FAQ section to identify the options they offer.

Step 3: Buy Kadena (KDA).

In the Buy & Sell section, click Buy, each exchange platform might position this section differently. Then you need to choose the cryptocurrency you want to buy, in this case is Kadena (KDA).

Most cryptocurrency exchanges typically include at first three fundamental order types, but some other exchanges like Binance might have more types:

• Market Order: easiest option to use if all you want to do is purchase Kadena (KDA) at the current rate. Depending on the time of day, this type of order is typically finished in a couple of seconds.
• Stop Order: an order allows you to purchase or sell Kadena at a specified price. This type is useful if you want to sell Kadena (KDA) before it drops too much. Depending on how quickly the market changes, this kind of order may take some time to execute.
• Limit Order: tell the exchange to carry out a purchase or sell order at a particular price or better. Limit orders take longer to fill than stop orders since they are visible to the market.
• TWAP Order (Time-Weighted Average Price): breaks down the large order into smaller segments and evenly distributes them across the chosen timeframe. This order category is apt for traders seeking to steer clear of price manipulation or excessive slippage, particularly when handling substantial positions.
• Reverse Order: permits you to assume the contrary stance of a currently active position.

Quick tip: You may purchase a fraction of a kadena on all exchanges (KDA). Even though 1 KDA may currently seem expensive, you will be able to buy 0.1 KDA, 0.01 KDA, or any other amount you enter into the exchange's user interface.

Step 4: Transfer KDA to your Wallet.

Once you've purchased your cryptocurrency, you may either hold it in your account or save it in your personal cryptocurrency wallet. For additional passive revenue, you can trade it for other cryptocurrencies for example: KDA/USDT on Binance or KDA/USDT on Kucoin. Check out Metamask Wallet, which supports millions of assets and blockchains, if you wish to trade your Kadena (KDA) to a decentralized exchange.