In This Article
Pyth Network is a decentralized tool that brings accurate, real-time price data from the real world to blockchain apps. It was mainly built on the Solana blockchain and helps DeFi (decentralized finance) platforms use off-chain data like market prices safely and reliably.
The network uses a token called PYTH, which is used for staking and governance. If you’re interested in joining the Pyth ecosystem, you might be asking how to buy Pyth Network or wondering how to buy PYTH. Whether you are just starting out with crypto or you have invested before, getting PYTH tokens can be easy once you know where to buy PYTH tokens and the steps involved.
In this step-by-step guide to buying Pyth Network, we’ll walk you through the exchanges where PYTH is available and help you choose the best platform to buy PYTH so you can invest with confidence.
How to Buy Pyth Network Crypto? Summary
Pyth Network (PYTH) offers decentralised and real-time financial market data to blockchain applications, making it a beneficial resource for DeFi platforms. PYTH tokens are used for various purposes within the Pyth Network, including governance, staking, and rewarding data providers. You can buy PYTH on major centralized exchanges like Binance, OKX, MEXC, and KuCoin, as well as on decentralized platforms like Uniswap. After buying PYTH, it’s important to store your tokens safely. Good options for secure storage include wallets like Phantom, MetaMask, or hardware wallets such as the Ledger Nano S or X.
Key Takeaways
How to Buy PYTH Token: Best Pyth Network Exchanges
Thinking about adding PYTH to your cryptocurrency portfolio? This guide will show you how to buy PYTH tokens safely and easily. We’ll cover where to get it, the steps to follow, and how to store it securely. To buy PYTH tokens, choosing the right exchange is essential. Hence, our team has compiled a list of the best platforms that qualify well on metrics like security, liquidity, fees, user experience, and reputation.
Best Wallet
Best Wallet is a non-custodial crypto wallet that is easy to use and mobile-first. It supports thousands of cryptocurrencies across 50 chains, and you can buy, swap, hold, and sell assets all in one app. Best Wallet’s features utilize seamless cross-chain swaps and exclusive access to the crypto presale tokens through its Upcoming Tokens portal. The wallet features its own token, called Best Wallet Token ($BEST). Holding $BEST comes with benefits like reduced transaction fees, boosted staking rewards, and early access to token presales.
Best Wallet also incorporates Best DEX for decentralized swaps and will soon release Best Card, allowing users to spend crypto anywhere! Due to its mobile-first approach and innovative design, it offers a new standard of efficiency and security in managing crypto assets.
If you’d like to learn more, check out our Best Wallet review for a detailed overview. For a step-by-step walkthrough on purchasing $BEST tokens, head over to our How to Buy Best Wallet Token ($BEST) guide.
Best Wallet Key Features
Best Wallet Pros and Cons
Pros Cons
Binance
Binance is among the world’s largest and most popular cryptocurrency exchanges, with over 250 million users from more than 180 countries. Founded in 2017 by Changpeng Zhao, Binance provides a wide range of products and investment services, such as spot and futures trading, margin trading, staking, savings, and access to a decentralized exchange (DEX). The exchange is well-known for its low fees, advanced trading tools, and a broad selection of over 350 cryptocurrencies.
It supports various payment methods, including bank transfers, credit/debit cards, and P2P trading, making it a great choice for both beginners and experienced traders. Additional features like Binance Liquid Swap, the Binance Visa Card, and crypto-backed loans add to its appeal—but what truly sets Binance apart is its strong focus on securing users’ funds.
For more details, you can go to our full Binance Review.
How to Buy PYTH Crypto Token With Binance?
- Create a free Binance account via the website or app.
- Complete the identity verification (KYC) process to unlock full trading features.
- Choose your preferred payment method — options include debit/credit card, Google Pay, Apple Pay, or third-party providers.
- Select Pyth Network (PYTH) and enter the amount you wish to purchase.
- Review fees and payment details before confirming your order.
- Once purchased, PYTH tokens will appear in your Spot Wallet.
- You can then store, trade, or stake your PYTH tokens to earn passive income.
Binance Key Features
- Binance has one of the lowest trading fee structures in the industry, with even greater discounts when using BNB to pay fees.
- Users can access over 500 cryptocurrencies and a wide range of trading pairs.
- For experienced traders, Binance offers features like margin trading and futures trading.
- Supports crypto staking, allowing users to earn passive income on their holdings.
Binance Pros and Cons
Pros
- Available in numerous countries, allowing access to a wide range of users.
- High liquidity ensures fast and efficient trades, particularly for popular coins like PYTH.
- Offers educational content to help users learn about cryptocurrency trading and blockchain.
- Implements multiple layers of security, including two-factor authentication (2FA) and cold storage for assets.
Cons
OKX
OKX is a global cryptocurrency exchange that allows users to trade a variety of digital assets. It enables the use of multiple payment methods, including bank transfers, credit and debit cards, and P2P options. The exchange has good liquidity, fair fees, and strong security measures (including two-factor authentication) in place. It supports over 350 cryptocurrencies and over 500 trading pairs and is available in over 100 different countries.
Read our full review of the exchange at our OKX review.
How to Buy Pyth Network Token With OKX?
- Download the OKX app and sign up using your email or phone number.
- Create your account and secure it with 2FA for added protection.
- Fund your account by depositing via bank transfer or credit/debit card.
- Once funded, search for PYTH among the available cryptocurrencies.
- Review your order details, including the amount and price.
- Complete the purchase, and the PYTH tokens will be credited to your OKX wallet.
- You can now store, trade, or transfer your PYTH as needed.
OKX Key Features
- OKX supports over 350 cryptocurrencies and more than 500 trading pairs, including popular coins like Bitcoin, Ethereum, and Filecoin (FIL).
- The platform offers various payment options, including bank transfers, credit/debit cards, and peer-to-peer (P2P) transactions.
- Provides high liquidity across its platform, ensuring smooth and efficient trades.
- Offers low trading fees, with further discounts for users who hold OKX’s native token (OKB).
OKX Pros and Cons
Pros Cons
MEXC
MEXC is a global cryptocurrency exchange that allows users to trade a diversified selection of crypto and digital assets, including Pyth Network’s token PYTH. It offers low trading fees, high liquidity, and supports a variety of payment methods, including credit cards, bank transfers, and P2P payments. One of its standout features is the Launchpad and Kickstarter programs, which give users early access to promising new crypto projects.
The platform supports both spot and derivatives trading, making it suitable for traders of all experience levels. MEXC also offers leverage up to 400x and maintains competitive fees across the board. To ensure user safety, MEXC implements strong security protocols to protect client funds.
If you want further details, check out our in-depth MEXC Review.
How to Buy Pyth Network Crypto With MEXC?
- Create an account on MEXC through the official website or app.
- Complete the identity verification (KYC) process for full trading access.
- Deposit USDT, USDC, or USDE into your MEXC wallet via bank transfer, OTC, or P2P trading.
- Navigate to the “Spot” trading section on the platform.
- Search for the PYTH/USDT trading pair.
- Enter the amount of PYTH you want to purchase.
- Confirm your order, and once executed, the PYTH tokens will appear in your MEXC wallet.
MEXC Key Features
- The exchange provides low trading fees, making it an attractive option for traders.
- Provides a wide selection of cryptos, offering 2,806 coins, 3,070 spot trading pairs, and 767 futures trading pairs.
- Allows early access to promising crypto projects through its Launchpad and Kickstarter programs.
- The platform offers high liquidity, ensuring smooth and efficient trading.
- Supports high leverage, allowing users to trade with up to 400x leverage.
- Provides both spot trading and derivatives trading for various experience levels.
MEXC Pros and Cons
Pros Cons
KuCoin
KuCoin is a global cryptocurrency exchange that serves more than 39 million users across over 200 countries. It supports a broad selection of digital assets, with access to over 700 coins and 1,200 trading pairs. The platform is designed for both beginners and experienced traders, offering services like spot, futures, margin trading, and peer-to-peer (P2P) trading.
The exchange also features KuCoin Earn, which allows users to earn passive income through staking, lending, and savings products. This platform strongly emphasises security, utilizing multiple layers of protection, including industry-standard encryption, two-factor authentication (2FA), and insurance coverage for assets.
For more information, check out our detailed KuCoin review.
How to Buy Pyth Network With KuCoin?
- Create a KuCoin account on the official website or app.
- Secure your account with Two-Factor Authentication (2FA) and set a trading password.
- Complete identity verification (KYC) for full access to trading features.
- Add a payment method such as a credit/debit card or bank account.
- Purchase stablecoins like USDT, or transfer existing crypto to your KuCoin wallet.
- Move your funds to the Trading Account within KuCoin.
- Search for the PYTH trading pair (e.g., PYTH/USDT) on the spot trading section.
- Place an order using market (instant) or limit (custom price) options.
- Once the order is filled, your PYTH tokens will appear in your KuCoin account.
KuCoin Key Features
- KuCoin supports over 700 coins and 1,200 trading pairs, offering a diverse selection of digital assets.
- The platform provides spot, futures, margin trading, and peer-to-peer (P2P) services, catering to traders of all levels.
- Allows users to generate passive income through staking, lending, and savings products.
- Offers various order types, advanced charting, and trading strategies for more experienced traders.
- Serves over 39 million users across more than 200 countries, providing a global trading platform.
- Available through a user-friendly mobile app and web platform.
KuCoin Pros and Cons
Pros Cons
Additional Methods to Buy Pyth Network Token
If you’re looking for alternative ways to buy Pyth Network (PYTH), there are several options available. You can purchase PYTH tokens using payment methods like PayPal, credit/debit cards, and more, depending on the platform you choose.
Buy PYTH with PayPal
Although PayPal doesn’t support direct purchases for many cryptocurrencies, you can still use it through third-party platforms. Here’s a general guide on how to buy PYTH using PayPal:
-
Confirm if the exchange accepts PayPal
Check to see if an exchange, such as Binance or MEXC, allows for payments through PayPal to purchase crypto.
-
Open an account
Sign up for the exchange and complete the necessary KYC (identity verification) process.
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Connect PayPal
When you are setting up the payment section of your exchange account, add PayPal as your payment method and connect your account.
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Purchase stablecoins
Make sure the platform allows you to buy stablecoins like USDT using PayPal as a payment method.
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Buy PYTH
Buy Pyth Network (PYTH) using the stablecoins you purchased in the exchange’s spot market.
Buy PYTH Crypto with a Credit or Debit Card
Using a credit or debit card is considered one of the fastest and easiest ways to buy Pyth Network (PYTH). Here’s how to go about it:
-
Create an Account
Sign up for an account on an exchange like Binance, KuCoin, or MEXC. If asked, complete KYC.
-
Add Your Card
Add your credit/debit card details to the payment settings.
-
Select PYTH
After you have connected your card, search for Pyth Network (PYTH) in the exchange’s trading section.
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Enter Purchase Details
Enter the amount you want to buy and confirm the payment with the card you uploaded.
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Finish the Transaction
After you have confirmed the transaction, your PYTH tokens will be credited to your account.
Best Pyth Network Exchanges Compared
To make things easier, here’s a quick summary of all the exchanges mentioned above in one place:
Features
Binance
OKX
MEXC
KuCoin
Supported Cryptocurrencies
500+
350+
300+
700+
Trading Options
Spot, Margin, Futures, P2P
Spot, Futures, Margin, P2P
Spot, Futures, Derivatives
Max Leverage
Up to 125x
Up to 100x
Up to 400x
Up to 100x
Payment Methods
Debit/Credit Cards, Bank Transfers, P2P
Debit/Credit Cards, Bank Transfers, P2P
Debit/Credit Cards, Bank Transfers, P2P
Fees & Discounts
Low fees, discounts for BNB holders
Low fees, discounts for OKB holders
Low fees, no deposit fees
Security
2FA, Cold Storage, Insurance
2FA, Cold Storage, Insurance
2FA, Cold Storage
Additional Features
Binance Visa Card, Staking
OKX Earn, Futures
Launchpad, Kickstarter
Availability
180+ countries
100+ countries
150+ countries
200+ countries
Understanding Pyth Network: Basics of PYTH Tokens
Pyth Network is a decentralized oracle service that provides market data to blockchain applications, including decentralized finance (DeFi) applications, in real-time, with high quality and high reliability. Pyth Network enables on-chain use of off-chain data, allowing smart contracts to execute when relevant information is accurate and timely (e.g. market prices). Pyth Network has its own native token, PYTH, which allows for governance and utility for the service.
What is Pyth Network?
Pyth Network helps bring real-world data—like financial market prices—into blockchain apps in a fast and reliable way. This allows smart contracts to use up-to-date information and run automatically. Pyth collects off-chain data in real time and shares it with DeFi platforms so they can work more efficiently. The network is fully decentralized, and users can take part in governance and staking, helping keep the system secure and transparent. If you want to know how to earn rewards with PYTH tokens, you can check out our PYTH staking guide.
Key Features of PYTH Crypto
Pros and Cons of PYTH Token
Pros
Cons
Provides real-time, reliable data for smart contracts.
Enables decentralized governance and staking.
High scalability with cross-chain compatibility.
Supports a wide range of financial applications in DeFi.
Low latency and efficient integration into decentralized applications.
Pyth Network Crypto Tokenomics
Pyth Network is a decentralized oracle network supplying real-time, high-fidelity financial market data to decentralized applications (dApps) across 40 blockchains. Pyth aggregates price data sourced from across top crypto exchanges, market makers, and financial institutions, providing low-latency on-chain data that can be consumed by DeFi applications. PYTH token is utilized for governance, publisher rewards, and staking, and holders can vote and engage in decision-making within the network through Pyth DAO.
Pyth Network’s tokenomics are designed to promote long-term growth, incentivize accurate data, and maintain network stability. A portion of the PYTH tokens is allocated to reward data providers who contribute reliable price data. Publishers can stake PYTH tokens, with penalties applied for inaccuracies. Tokens are also used to fund ecosystem development, research, and educational initiatives. The total supply of PYTH tokens is capped at 10 billion, with only 15% of the initial supply currently in circulation. The remaining tokens will be gradually released through a vesting schedule, with additional allocations triggered annually until 2025.
Is PYTH a Buy?
Investing in PYTH depends on your personal strategy, risk tolerance, and how well you understand the market. What makes Pyth Network stand out is its ability to deliver real-time market data straight from top financial institutions and major exchanges, helping dApps run more accurately and efficiently. As per Pyth Network’s official site,
“Pyth Network started as an idea from a number of builders looking to develop next-generation Web3 tooling and trading services. They quickly discovered that the data infrastructure available was lacking. High-throughput DeFi would not be possible until low-latency price data could be delivered on-chain upon origination”
Hence, the founders came up with a great Web3 product to address the issue of low-quality data. Many see Pyth Network as the next 100x crypto project with massive potential. However, like any crypto asset, PYTH is subject to market volatility and competition from other oracle projects like Chainlink. If you believe in the future of decentralized data and are comfortable with the risks, PYTH could be a worthwhile addition to your portfolio.
Further, there’s also uncertainty around changing crypto regulations that could affect its future growth and how it’s seen as a reliable option. On top of that, the PYTH token has only been around since November 2023, so there isn’t much price history to go by, making long-term predictions mostly guesswork. Even though the token is now trading below its all-time high from March 2024, anyone thinking about investing should carefully weigh the risks along with the possible rewards of its current recovery.
Best Wallets To Store PYTH Crypto Tokens
Choosing the right wallet is important because you need a safe place to store your coins and tokens. Start by thinking about how you plan to use it. If you want quick and easy access to your crypto, a software wallet might be the best choice. But if your main concern is security, a hardware wallet is a better option, as it keeps your assets offline and protected from hackers.
When it comes to storing your PYTH tokens there are still many proven options:
Conclusion: How to Buy Pyth Network?
After purchasing your PYTH tokens, the most important step is keeping them secure, so make sure to store them in a reliable wallet. Whether you go with a centralized exchange like Binance or OKX, or prefer a decentralized option like Uniswap, the key is choosing what works best for your needs.
Learning how to buy Pyth Network is just the beginning. As with any investment, take the time to understand the risks, DYOR (Do Your Own Research) and plan your strategy carefully. With the right approach, you’ll be better prepared to make the most of your crypto journey.
See Also:
References
- Securities.io. “What Is the Pyth Network (PYTH)?” Securities.io, https://www.securities.io/investing-pyth-network/
- VanEck. “Deep Dive into Pyth Network.” VanEck, https://www.vaneck.com/dk/en/blog/digital-assets/deep-dive-into-pyth-network/
- Pyth Network. Pyth Network. https://www.pyth.network/
- Pyth Network [@PythNetwork]. X, https://x.com/pythnetwork
- Token Terminal. “Pyth.” Token Terminal, https://tokenterminal.com/explorer/projects/pyth
FAQs
Where can I buy Pyth Network (PYTH)?
You can purchase PYTH on major centralized exchanges like Binance, Coinbase, Kraken, or KuCoin.
Can I buy PYTH with a credit or debit card?
Yes, PYTH can be bought using credit or debit cards on platforms such as Binance, Kraken, and Changelly.
Is PYTH available on decentralized exchanges (DEXs)?
Yes, PYTH is available on decentralized exchanges like Uniswap and Sushiswap, typically on the Ethereum network.
Which blockchain is Pyth Network built on?
Pyth Network was initially built on Solana and has since expanded to support over 100 blockchains, including Ethereum, Arbitrum, and BNB Chain.
What is the PYTH token used for?
The PYTH token serves as the governance and utility token of the Pyth Network, used for staking, paying data fees, and participating in network governance.
Are there any risks in buying PYTH tokens?
Yes, investing in PYTH carries risks such as market volatility, potential technical issues with the network, and regulatory uncertainties.
Are there any fees when buying PYTH?
Yes, exchanges may charge transaction fees, which vary depending on the platform and payment method.
Can I use PYTH for DeFi activities?
Yes, you can use PYTH in DeFi activities like staking.
What should I check before buying PYTH?
Before purchasing PYTH, consider factors like the token’s utility within the network, associated risks, and the credibility of the exchange you’re using.
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