How to buy NKN (NKN) in Australia

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

NKN
NKN- USD
$0.54
- $0.02 ( - 3.45%)

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How to buy NKN

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

  1. Open an account on an exchange that supports NKN.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  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 NKN.
  3. Buy NKN.
    Complete your NKN purchase and then find the best wallet to store NKN.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is NKN?

NKN stands for “New Kind of Network”. This open-source protocol aims to combat problems such as centralisation, inefficient use and a lack of privacy currently facing the Internet. It also wants to provide the infrastructure for a decentralised Internet. To do this, the project uses a public blockchain and provides economic incentives to encourage users to share their network connections and make use of unused bandwidth. NKN offers DataRide, a platform-as-a-service product for messaging, streaming and file transfers. It also created dapps such as the nMobile encrypted chat service and a content delivery network known as nCDN. The NKN token is the network’s utility token. It is used to power and secure the NKN network and can be used to pay for platform fees and purchases.

NKN (NKN) is the 240th largest cryptocurrency in the world by market cap, valued at $356,492,828. The current price of NKN is $0.548451, which is 0.008% lower than yesterday. Prices have ranged between $0.56426 and $0.51352 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 NKN

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

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

276
cryptocurrencies

Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

276
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

310
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

271
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

123
cryptocurrencies

Buy 120+ different cryptocurrencies using AUD with competitive trading fees in the Australian market.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

172
cryptocurrencies

Finder Exclusive: New members get $10 bonus after first trade. T&Cs apply.
Grow your retirement wealth with Cointree
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

865
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
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Compare up to 4 providers

Is it a good time to buy NKN?

The technical analysis gauge for NKN displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of NKN based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of NKN: moving averages, oscillators and pivots. Finder is not responsible for how NKN performs.


NKN at a glance

Information last updated November 29, 2021 09:11 UTC.
Coin symbol NKN
Coin Marketcap US$356,492,828
Total NKN supply 1,000,000,000
Circulating NKN 650,000,000
Current price US$0.548451
Notable team members Yanbo Li, Bruce Li, Yilun Zhang
Partnerships Amazon Web Services, Google Cloud, DigitalOcean
Industry Decentralised internet
Token uses Utility token
Network NKN

NKN price performance over time

Historical prices compared with the price of US$0.548451.

1 hour 1.40%
24 hours 0.01%
7 days -1.28%
14 days 1.40%
30 days -5.26%
60 days -21.22%
200 days 32.73%
1 year 96.94%

How to sell NKN

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

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

What to consider when buying NKN

Cryptocurrencies are complicated and speculative, so buying any token or coin has a high level of risk. Make sure you’re fully aware of all the risks involved and that you thoroughly research the token or coin before buying. Some of the factors you may like to consider before buying any NKN include:
  • White paper. For an in-depth understanding of how NKN works and the technology behind the platform, take a deep dive into the NKN white paper.
  • Supply. The maximum supply of NKN tokens is 1 billion. According to CoinMarketCap data at the time of writing (April 2021), approximately 58% of those are currently in circulation.
  • Competition. NKN isn’t the only project focused on decentralising the Internet. Several other platforms, from Skycoin to ZeroNet, are working on various aspects of developing a new Internet and tackling similar problems to those NKN aims to overcome. It’s worth researching a range of these projects, plus the approaches they’re taking to decentralisation, before deciding whether to buy any NKN. Network size. In April 2021, NKN made headlines when it announced that its network had reached over 67,000 full consensus nodes, making it the “biggest blockchain in the world” according to Cointelegraph. According to the NKN website as of 30 April 2021, the number of nodes had exceeded 80,000.
  • Coinbase listing. The Coinbase Pro exchange announced it would list NKN tokens in April 2021. This saw the price of NKN experience a brief surge, reflecting a phenomenon commonly referred to as the “Coinbase effect” by FXStreet.

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


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