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How to buy Klaytn (KLAY) in Australia

Learn how to buy Klaytn (KLAY) on 14+ crypto exchanges in our step-by-step guide.

Klaytn (KLAY) is the 130th largest cryptocurrency by market cap, valued at US$679,760,267.

Klaytn is a highly volatile asset capable of major price swings in a single day. Today KLAY is trading for $0.184729 USD, which is higher than yesterday's trading price of $0.1845370446 USD. Over the past year, Klaytn's price has seen an increase of 1%.

So before you buy Klaytn, make sure you understand these unique risks as well as its legal and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy Klaytn.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

How to buy Klaytn in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Klaytn is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Klaytn
    You can now exchange your funds for Klaytn. On beginner-friendly exchanges, this is as simple as entering the AUD or KLAY amount you want to purchase and clicking "buy".
  5. Secure your Klaytn
    Consider transferring your KLAY to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy Klaytn in Australia

Find an exchange to buy, sell and trade KLAY by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 5 of 12
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Exclusive
EXCLUSIVE
CoinSpot
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

1

447

Get $20 in BTC when you make a deposit. T&Cs apply.

Capital at risk

View details
Finder AwardExclusive
EXCLUSIVE
Swyftx
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID

3

352

Get $20 in BTC when you verify your account. T&Cs apply.

Capital at risk

View details
Finder AwardExclusive
EXCLUSIVE
Coinstash
Bank transfer, Cryptocurrency, Osko, PayID

1

815

Finder exclusive: Get up to $200 BTC when you complete certain steps on sign up. T&Cs apply.

Capital at risk

View details
Exclusive
EXCLUSIVE
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Osko, PayID

1

363

Receive $10 BTC on sign-up and verification. T&Cs apply.

Capital at risk

View details
OFFER
Binance Australia
Credit card, Cryptocurrency, Debit card, P2P

80

381

Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Klaytn guide up-to-date

  • KLAY price data is regularly updated through data feeds so you always have the latest information.

What is Klaytn?

Klaytn is an enterprise-grade blockchain platform designed for the building and distribution of decentralised applications. According to Gemini, the blockchain is comparable to Ethereum and focuses on developing a flexible platform for developers so that businesses can build service-focused blockchains on top of the Klaytn mainchain. The service-focused blockchains are referred to as Service Chains and allow any service-based application to utilise blockchain technology.

The KLAY token is the fuel and security of the Klaytn network. It is used for transaction fees when a decentralised application creates or executes a smart contract on the network. KLAY tokens are also distributed to contributors of the network.

How do I find the best places to buy Klaytn?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Klaytn?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Klaytn.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing KLAY with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Klaytn?

Once you've created an account, you will need to deposit funds to buy KLAY with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy KLAY:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase KLAY by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for KLAY on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Klaytn?

The easiest way to buy KLAY is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying KLAY, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Klaytn has been performing recently.

Best Klaytn wallets to store your KLAY

You can keep your KLAY on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your KLAY below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Klaytn a good investment?

While they do offer potential rewards, cryptocurrency purchases should be considered carefully, and you should evaluate the use of both the token and the associated platform. Before purchasing KLAY, users should research the following:
  • Distribution: The Klaytn project was primarily focused on the adoption of cryptocurrency in South Korea, with the majority of tokens being distributed there. At one stage, the majority of KLAY was held by a small number of contributors, however, the project is now expanding globally.
  • Adoption: Although the mainnet blockchain has been running since 2019, due to a lack of focus on marketing, Klaytn is a relatively unknown project, only recently coming into the limelight. Global adoption of Klaytn is still yet to be witnessed.
  • Governance: The Klaytn project, and by association the KLAY token, is governed by multinational corporations rather than a decentralised system. This means that any developments for the protocol or the distribution of KLAY tokens lies with them rather than the users of the ecosystem.

Today's Klaytn price versus ATH

Compare today's price of Klaytn ($0.184729 USD) against its all-time-high price of $4.34 USD on 30 March 2021. The closer the bar is to 100%, the closer KLAY is to reaching its ATH again.

Klaytn's price: $0.184729 USD
ATH date: March 30, 2021
4.26%

Klaytn ATH: $4.34 USD


How to trade, convert or sell Klaytn

You can convert or sell your KLAY with the same exchange you bought it through:
  1. Sign in to the exchange you have KLAY on.
  2. If you store your Klaytn in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of KLAY you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Klaytn.
  6. Complete your transaction and move your KLAY to a crypto wallet for storage.

How to buy other cryptos


Disclaimer: Cryptocurrencies, including Klaytn, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of KLAY is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Klaytn or any other cryptocurrency discussed.

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