How to buy KlaySwap Protocol (KSP) in Australia

Learn how to buy KlaySwap Protocol (KSP) easily by following a step-by-step guide and compare 10+ crypto exchanges.

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How to buy KlaySwap Protocol

Look for an exchange that supports both fiat and cryptocurrency to simplify buying KlaySwap Protocol.

  1. Open an account on an exchange that supports KSP.
    Unfortunately, at this time no major exchanges in Australia offer KSP, but you may be able to purchase it with another cryptocurrency. Just be sure to follow all legal restrictions and requirements.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy KlaySwap Protocol.
  3. Buy KlaySwap Protocol.
    Complete your KlaySwap Protocol purchase and then find the best wallet to store KSP.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is KlaySwap Protocol?

KLAYswap Protocol is an automated market maker (AMM) protocol operating on the Klaytn Network. According to the platform’s documentation, the goal of KLAYswap is to expand the liquidity and yield farming capabilities of cryptocurrency holders across a number of networks, allowing the trading of new token pairings. Though built on the Klaytn blockchain, KLAYswap is compatible with Ethereum-based tokens (ETH, wBTC) via Orbit Bridge. A key feature of AMM platforms is the provision of liquidity, where coin owners lock up assets in a pool in exchange for rewards. These incentives come in the form of additional tokens, like KSP, as well as earning income from transaction fees. KSP is the native token of the KLAYSwap Protocol platform and serves a number of purposes within the ecosystem. KSP holders can stake their tokens and gain access to voting rights on governance proposals, in addition to interest earned on the locked coins. Because KLAYswap is completely decentralised, participation in governance is pivotal to its decision-making. KSP tokens can also be swapped or contributed to liquidity pools.

KlaySwap Protocol (KSP) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of KlaySwap Protocol is $15.57, which is 10.465% higher than yesterday. Prices have ranged between $15.95 and $14.04 over the past 24 hours. All prices are listed in US dollars and accurate as of November 29, 2021 09:11 UTC.

Where to buy KlaySwap Protocol

Unfortunately, at this time no major exchanges in Australia offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

KlaySwap Protocol at a glance

Information last updated November 29, 2021 09:11 UTC.
Coin symbol KSP
Coin Marketcap N/A
Total KSP supply 126,141,000
Current price US$15.57
All time high US$92.55
All time high date April 02, 2021
Industry Automated market maker-based swap protocol
Token uses Governance, staking, rewards
Network Klaytn

KlaySwap Protocol price performance over time

Historical prices compared with the price of US$15.57.

1 hour -0.89%
24 hours 10.46%
7 days 23.60%
14 days 14.81%
30 days 1.10%
60 days -11.70%
200 days -72.95%
1 year N/A

How to sell KlaySwap Protocol

You can cash out your KSP with the same exchange you bought it through:

  1. Sign in to the exchange you have KSP on.
    If you store your KlaySwap Protocol in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of KSP you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of KlaySwap Protocol.

What to consider when buying KlaySwap Protocol

Cryptocurrency can be a very risky investment, so it’s good practice to evaluate the platform and purpose of the token.
  • Competition. As the ecosystem of decentralised, blockchain-based finance continues to grow, more and more instant swap services like KLAYswap protocol are being developed. KSP’s point of difference is the platform’s interoperability and providing owners of Klaytn-based tokens to earn interest on their assets. That said, exchanges like SushiSwap, UniSwap and PancakeSwap all have a much larger market share and may impact the growth of KSP.
  • Token supply. The tokenomics of KSP determines that there is a maximum supply of 126,141,000 coins that can be minted. There are currently 7,784,900 KSP in circulation, which is only 6% of the total cap.
  • Availability. While Klaytn tokens are easily accessible on major exchanges, KSP coins are not. Centralised exchanges Binance, Coinbase and Kraken do not trade the coin, though it is available on BiKi. The most common method of investing in KSP is buying it on the KLAYswap protocol decentralised exchange, which may not be suited to beginners.

Disclaimer: Cryptocurrencies, including KlaySwap Protocol, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of KSP 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 KlaySwap Protocol or any other cryptocurrency discussed.

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