How to Buy Kaspa: Quick Guide to Buying Kaspa
We focus on factual accuracy, relevance, and objectivity in our editorial policy. Our content is crafted by some of the top crypto experts in the industry. Each piece goes through a detailed review by our experienced editors to ensure our content meets the highest standards. It allows us to provide real, detailed crypto reviews from our team of crypto experts who have years of first-hand experience dealing with crypto, finance, and emerging technology. Learn more about our crypto asset testing and review process .
When you think of a blockchain, most people imagine it as a single line of blocks, like Bitcoin—a kind of race where blocks are queued one after the other. That perception makes sense since it’s how we first started talking about blockchain technology. But some proof-of-work blockchains, like Kaspa, do it differently. And if you’re looking into how to buy Kaspa, you might want to understand what makes its approach unique.
You’ve probably heard some buzz about it and figuring out where to start researching. Don’t worry, we have got you covered. Kaspa uses a GHOSTDAG protocol to arrange the blocks. This protocol allows for parallel verification of blocks and no work is wasted. And guess what will happen because of this? Yes, faster block production. We will simplify things further for you with this guide and walk you through the entire buying process step-by-step.
How to Buy Kaspa: Summary
You can purchase and store Kaspa on some of these popular platforms:
These exchanges are popular options to buy and sell Kaspa either by depositing fiat or swapping other cryptos for $KAS. Using reputable exchanges can help minimize counterparty risk but some users might not want to involve a centralized company at all. Therefore, they might want to explore decentralized exchanges (DEXs) like OKX DEX and ViteX which support Kaspa. Or you can go straight to the source and purchase Kaspa from their website with your crypto wallet.
Buying Kaspa: Key Highlights
- Choosing the Right Exchange: Choosing a reputable exchange that supports the crypto you are after is the first step. There are choices like MEXC and Bybit in this case.
- How to Pay for the Purchase?: You’ll have to make sure that your preferred exchange offers payment options that suits you. It can offer a range of payment options like crypto or fiat in the form of debit card, credit card, bank transfer or other methods.
- Taking the Decentralized Route: For more privacy and greater control of funds, users can explore using a DEX or check out our picks for the Top No KYC Exchanges.
- Storing Kaspa Safely: Different wallets have varied features and security, we will look at some safe solutions.
- Understanding Kaspa: We will also understand what is the buzz around Kaspa and how it might perform in the crypto space
How to Buy Kaspa ($KAS) on a Centralized Exchange
Centralized exchanges (CEXs) might be a good place to start investments as they help you buy, sell, and trade cryptocurrencies. To choose the best cryptocurrency exchange, look for something with a solid reputation, strong security and a user-friendly interface.
A dedicated support team also makes things easier. In layman’s terms, CEXs are like grocery stores while DEXs are like a farmer’s market. Similar to a massive grocery store, CEXs are a convenient, streamlined, one-stop shop for users who do not want to worry about technical details and are looking for everything under one roof. Now in a DEX, it is a more direct engagement with various assets. Akin to selecting produce from individual farmers, DEX users have to understand the market, wallets, and trading mechanics better, not to mention the user experience of decentralized exchanges is notoriously poor when compared to their centralized counterparts. On the flip side, DEXes have the added benefit of bypassing KYC and not exposing oneself to third-party risk, so each method has its pros and cons.
If you want to buy Kaspa, a CEX could be a good starting point as the platform will control the process and custody your funds, but we always recommend withdrawing crypto off of an exchange after purchase using a secure crypto wallet for safekeeping.
Below, we’ve put together a video on the best crypto exchanges if you are unsure of where to start your search.
Step 1: Selecting the Cryptocurrency Platform for Your Needs
Similar to when using a dating app to look for a partner, there are probably some non-negotiables and some criteria that can be worked out. The non-negotiable in this case is that the CEX should support Kaspa. Data platforms like CoinGecko and the $KAS official website provide a list of markets where Kaspa is available. Popular options like MEXC, Bybit, Margex, and OKX all support KAS, you can find their reviews below:
All of these options have 4 things in common: security, ease of use, reliability, and support KAS. But if you prefer to skip the dating app and meet partners more organically, you could try using a decentralized wallet. In this category, we suggest Best Wallet with its built-in DEX, OKX DEX, and ViteX. You can also buy Kaspa directly through their official website using Uphold’s fiat-to-crypto onramp, which allows for straightforward purchases of $KAS.
Step 2: Setting Up Your Account
After picking the platform of your choice exchange, it’s time to set up an account. We know that most reliable CEXs now have an identity verification requirement (KYC) due to regulatory changes (total bummer, I know!). So keep your documents handy. Sign-up is free for most platforms and do not forget to use referral or new user benefits that most platforms offer. If you are a returning user to any of these platforms, just log in with your registered email address. But there might be a bit of a hiccup for users in some unsupported regions. Check if the platform is operational in your country or region without restrictions. Once you cross this hurdle, you are good to go.
Hold on, before jumping on the purchases, it will be a good idea to activate two-factor authentication (2FA) and enable any other security features such as address whitelisting or IP restrictions to save your funds from bad actors and account hacks.
Step 3: Funding Your Account
Both new and returning accounts on all platforms will need funds to operate. Most global exchanges support purchases in all major currencies like USD, EUR, and GBP and support purchases via:
- Credit/Debit Cards
- PayPal
- Apple/Google Pay
- Bank Transfers
- Crypto Deposits
Just use any method that works for you and deposit enough money for your purchase.
Step 4: Placing Your Kaspa Order
It is a good idea to just search for Kaspa ($KAS) and avoid scrolling through the platform’s long list of crypto offerings. You’ll typically find pairs like KAS/USDT, KAS/BTC, or KAS/ETH. Select the trading pair that matches your deposit and place your order.
- How to Buy Kaspa with Fiat
You can use any currency that the platform supports to purchase Kaspa. If the purchase is a spot market purchase, you can instantly buy $KAS at the current market price in USD, EUR, etc. If it is a Limit Order, where you set a purchase price, and your order only executes when $KAS reaches your specified price with that currency trading pair. - How to Buy Kaspa with Crypto
You do not need to on-ramp with a national currency if you already own crypto. You just need to swap it for Kaspa! Just transfer your crypto to your exchange account, locate a trading pair such as KAS/USDT, and complete the transaction. It is my favorite because as a lazy trader, I keep looking for convenient and low-fee options. So it might be a good idea to keep some stablecoin funds handy.
Pro tip: Review all orders to avoid ‘fat finger’ errors.
Buying Kaspa ($KAS) on a Decentralized Exchange (DEX)
DEXs do bypass some of the bureaucratic requirements that CEXs have to impose due to the law of the land (KYC verification, wink wink). But DEXs also mean owning the crypto without an intermediary. Here’s how to own your own Kaspa!
Step 1: Set Up Your Wallet
Having a cryptocurrency wallet with funds is the first step, well, because, where else will you keep your crypto? Many popular wallets might not support direct purchase and sale of Kaspa and may only support transfers of wrapped Kaspa. So the good idea here would be to check for Kaspa Web Wallet or Kaspium for mobile devices. OKX Wallet is also another option for its compatibility.
Step 2: Finding a DEX with Kaspa
Not all DEXs support every crypto. We recommend checking 2 things: Checking both the exchange lists Kaspa and that your wallet is compatible with the exchange’s network. OKX DEX recently started supporting Kaspa and will also align with users using the OKX wallet. ViteX is another DEX that supports Kaspa. But no matter which platform you choose to purchase Kaspa, storing them is the real safekeeping.
Step 3: Connecting Your Wallet
Visit the DEX or the official Kaspa website to connect your wallet. Gentle reminder to review official pages on aggregator websites before authorizing connection with your wallet. Scammers have been all over you see.
Step 4: Swapping for Kaspa
After your wallet has been connected to the platform you are using, you can also choose to swap your cryptocurrency. Just select $KAS as the token you want to receive, pay the exchange rate or platform fees and get some Kaspa in exchange for other cryptos.
Understanding Kaspa and Its Significance
Users talk about crypto due to its technological innovation, community support, mining profitability/ returns, and support by major platforms. Kaspa ($KAS) has been generating a lot of excitement for a few different, quite unique reasons.
Kaspa (KAS) is a decentralized, open-source Layer-1 network that is distinctive as it has achieved a high level of scalability while using the Proof-of-Work (PoW) consensus mechanism. Unlike your typical linear blockchain, Kaspa runs on a directed acyclic graph (DAG) setup, giving it high block rates and super-fast confirmation times. KAS, the network’s native coin, fuels on-chain transactions and mining rewards, staying true to the PoW ethos but with a faster twist.
What is Kaspa ($KAS)?
Kaspa is said to be the first blockchain to utilize GHOSTDAG protocol. We can understand the importance of GHOSTDAG by comparing it to a supermarket. If I need to go buy something at the shop, I wait in one long checkout line for my turn. If I push another person and try to check out at the same time, I may be asked to leave. There is a waiting time in this process and the cashier can only check out one person at a time and process one transaction at a time. This is how blockchains like Bitcoin operate, by the way…See where I am going with this?
Now imagine that the supermarket decides to open many checkout lanes to process several customers at the same time. Kaspa does just that by creating a network of blocks that can all be added quickly and operate simultaneously, making it scalable, faster, and more efficient. It is built with a unique Directed Acyclic Graph (DAG) structure to process multiple blocks in parallel.
Kaspa’s Unique Features:
- BlockDAG Technology: It is great for faster and parallel block processing.
- Solving the Trilemma: Designed to maintain decentralization without sacrificing scalability and security.
- Community-Driven: Kaspa says it is 100% decentralized and community-led project.
The Tokenomics of Kaspa
Price
Trading volume in 24h
Last 7d price movement
Buy Now!
has gained attention but it is important to understand how it manages its treasury.
Kaspa’s launch was a dating green flag if we may say. It was launched without any special pre-mining or early sales which works well for decentralization. The crypto industry is notorious for launching tokens that benefit early investors as they dump on retail clients, so it is great to see Kaspa go back to the grassroots ethos of crypto and fair launch a token.
Kaspa’s total supply is capped at 28.7 billion coins, with the rate of new coins halving each year through gradual monthly reductions. Initially, anyone could mine Kaspa using regular computer processors (CPUs). Over time, mining evolved to include GPUs, FPGAs, and eventually ASICs as the technology progressed.
Kaspa Price
Currently, as of December 10, 2024, Kaspa (KAS) is trading at $0.16, which is a -8.69% change over the past 24 hours.
Kaspa is down from its all-time-high of $0.20, set in 2024, but has increased +37.81% over the past 12 months. It has a market cap of $4.15B.
- Kaspa
(KAS) - Price $0.155
- Market Cap
$3.92 B
Storing Kaspa: Wallet Options
After purchasing Kaspa, store it securely in a compatible wallet. Here are some options:
- Kaspa Wallet
- Uphold Wallet
- OKX Wallet
- Kaspium
If you are interested in our top choices for the best crypto wallets on the market, feel free to check out the following:
What to Do with Your Kaspa?
Once you own Kaspa, here’s what you can do:
- Peer-to-Peer Currency: Similar to Bitcoin, KAS was developed to operate as a peer-to-peer cryptocurrency.
- Mining Rewards: KAS is paid out as mining reward to those who mine KAS.
- Pay for Transaction Fees: KAS is used to pay for transaction fees on the Kaspa network.
- Hold for Potential Long-Term Gains: Depends if you are a marathon runner or a sprinter. Many investors who see potential in this project will hold the asset long-term.
- Trade for Gains: You can trade Kaspa for other cryptocurrencies if short-term gains are more your style.
What is Our Verdict on Kaspa?
Kaspa’s scalability and efficiency make it a strong crypto player in the long run. It also solves the trilemma by using the project’s unique BlockDAG architecture, over other L1s. Its commitment to decentralization and community-driven approach make it quite appealing. Since some reputed CEXs support the crypto, it makes Kaspa a potential pick for a portfolio.
FAQs
What is Kaspa?
How do I choose the best cryptocurrency exchange for Kaspa?
Can I buy Kaspa with fiat currencies like USD?
What are the main risks of investing in Kaspa?
How can I sell my Kaspa if I want to cash out?
Is Kaspa a good investment?
References:
Bybit. “Kaspa (KAS) Price.” Bybit, https://www.bybitglobal.com/en/coin-price/kaspa/
CoinGecko. “Kaspa (KAS) Price, Chart, Market Cap, and Info.” CoinGecko, https://www.coingecko.com/en/coins/kaspa.
Kaspa. “About Kaspa.” Kaspa.org, https://kaspa.org/about-kaspa/
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Free Bitcoin Crash Course
Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.
