How to Buy Klaytn(KLAY)
- What is Klaytn(KLAY)?
- Where to Buy Klaytn(KLAY)?
- How to Buy Klaytn(KLAY) From DEX?
- What to Do After I Buy Klaytn(KLAY)
- Frequently asked questions
What is Klaytn(KLAY)?
Kakao's global public blockchain project Klaytn is an enterprise-grade, service-centric platform that brings user-friendly blockchain experience to millions. It combines the best features of both public blockchains (decentralized data & control, distributed governance) and private blockchains (low latency, high scalability) via an efficient 'hybrid' design. Klaytn is secured by participation from numerous highly-reputable brands around the globe, working together to create a reliable business platform atop a robust system of decentralized trust. Klaytn enables businesses and entrepreneurs today to capture value using blockchain technology.
Klaytn aims to be a platform for NFTs and Decentralized Finance (DeFi) in Asia. Klaytn is also working with leading global institutions to develop the underlying software platform for Central Bank Digital Currencies (CBDC).
KLAY is the native utility token of the Klaytn network with the following existing and planned use cases:
- Network usage: Users will need KLAY tokens to trade on the Klaytn network, similar to ETH.
- Mining: Users can provide liquidity through various DeFi protocols (KLAYswap, Klaystation) to grow tokens of other projects, or stake KLAY tokens to obtain KLAY staking rewards. Staking KLAY tokens (sKLAY) can also be used for liquidity mining.
- Minting NFTs: Users can mint NFTs on the Klaytn network, which has partnered with OpenSea to launch NFTs minted through the Klatyn network.
Where to Buy Klaytn(KLAY)?
According to the current information collected by CoinCarp, you can't buy Klaytn(KLAY) directly with fiat by traditional financial methods(such as Paypal or Bank Cards).
To buy Klaytn(KLAY), you'll need to purchase another cryptocurrency that can be easily purchased by fiat, such as ( USDT, BTC, ETH, or BNB) first, and then send them to the crypto exchanges or crypto wallet which supports Klaytn(KLAY) trading.
Many crypto exchanges or crypto wallets provide USDT over-the-counter (OTC) trading services and support buying USDT with fiat currency. In that case, it is easy for you to choose a crypto exchange or crypto wallet to buy, sell, and trade USDT with your local fiat currencies, such as USD, EUR, TRY, PHP, etc. You can select from one of the crypto exchanges and crypto wallets that support OTC USDT trade listed by CoinCarp:
Huobi Global 
Binance 
Kucoin 
Coinbase 
OKX | Exchange | Pairs | Price | Volume | Volume% | 24h% | Updated |
|---|---|---|---|---|---|---|
 Bitbank | KLAY/JPY | $0.1268 | $4,360.84 | 99.95% | 1.82% | Recently |
 ProBit Global | KLAY/USDT | $0.1408 | $2.02 | 0.05% | 27.54% | Recently |
 Bitget | KLAY/USDT | $0.1264 | $1,014,606 | 0.00% | 0.43% | Recently |
How to Buy Klaytn(KLAY) From CEX?
Since the operation procedures vary from different CEX, we can't provide you a step-by-step guide on how to buy in all the different centralized exchanges(CEX), but we can provide you with some general procedures.
- Step 1: Register an account on the centralized exchanges(CEX)'s official website or the app. ( Check Exchange Ranking), if CEX supports (eg. Binance) one-step sign up with your social account, you can sign up with your social account directly.
- Step 2: Verify your identity & secure your centralized exchanges(CEX)'s account. You are typically required to have a government-issued identification document. For asset security, you'd better Enable Two-step Verification.
- Step 3: Use fiat to buy USDT, ETH, or BNB. You can use the service provided by the CEX which supports OTC trading or use the financial service platform(Paypal, or Robinhood, available for US residents) that supports funding via either your bank account or credit card.
- Step 4: Transferring your USDT, ETH or BNB, etc. purchased by fiat to the CEX that supports Klaytn(KLAY) trading in spot market. If the CEX that you're using both supports purchasing USDT, ETH, or BNB via fiat, and Klaytn(KLAY)-USDT, Klaytn(KLAY)-ETH, or Klaytn(KLAY)-BNB, etc, trading pair, then you can trade in the same platform and don't need to transfer to another platform that supports Klaytn(KLAY).
- Step 5: Buy Klaytn(KLAY) in spot market by USDT, ETH, or BNB.
Note: Some CEX may not available in your country or area, you'd better consult the exchange's customer service or check the announcement from exchanges. As for the tax issue, you may consult the local department for more information.
What to Do After I Buy Klaytn(KLAY)
Store/Hold Klaytn(KLAY)
Many investors hold their Klaytn with the expectation of it increases in value. You can store your Klaytn on your exchanges' wallets(such as Binance Wallet) or on crypto wallets( such as Trust Wallet), if you wish to store them for the long term, you can store them in a cold wallet instead of a hot wallet. ( Hot Wallets vs Cold Wallets: What's the Difference? ).
Trade Klaytn(KLAY)
You can trade Klaytn(KLAY) for other cryptocurrencies on crypto exchanges. Cex or Dex exchanges offer some trading pairs for Klaytn trading to meet your needs.
Earn Klaytn(KLAY)
Earn Rewards by staking coins. Staking is a great way to maximize your holdings in staking coins that would otherwise be sitting in a wallet or trading account.
Transfer
Unlike sending money overseas, you can send Klaytn to anyone in the world virtually instantly.
Purchasing Goods
Some online platforms or offline shops accept crypto as payments. You can purchase good or service from these places.
Frequently Asked Questions(FAQ)
Can I buy 1 Klaytn(KLAY)?
Is Klaytn a good investment in 2025?
The crypto market is incredibly volatile like the stock market, it is not recommended to invest all your assets in crypto. Investors definitely need to evaluate the pros and cons of Klaytn. Sometimes you should do some research, for example, read the white paper of the project or check the data of historical Klaytn price or Klaytn Return On Investment(ROI). Ultimately, it depends on your appetite for risk.
How to Store Klaytn(KLAY)?
If you want to keep and hold Klaytn(KLAY) for the long term and do not plan to sell them, security may be the first thing you should consider. Although keeping them in most of the top exchanges' wallets nowadays is safer than before, with the development of security techniques, however, because of the very nature of the wallets in exchanges, they will be always online( so-called "hot wallet"), it is possible of being a hack. What's more, the exchanges shut down may cause the loss of your fund. So the safest way of storing your coins or tokens is always putting them into "Cold Wallets", it is the wallet that is totally offline. There are two types of cold wallets:
- Paper wallet: It is simply formed by using a program to randomly generate a public and private key offline and you can print them on a piece of paper, which you then store and save in a secure place. The keys are printed in the form of QR codes which you can scan in the future for all your transactions.
- Hardware cold wallet: Hardware wallets are physical devices where you can store your cryptocurrency. Your crypto addresses and keys can be kept in a USB drive device, and only the person who possesses the USB drive can access the assets.
Nowadays, most people prefer to use hardware cold wallets, if you want to store a large number of coins or tokens, you can choose to use a hardware cold wallet to store your assets.
How long does it take to buy Klaytn(KLAY)?
As for DEX, the transaction will be confirmed by the node in the network. The confirmation time depends on your gas price. If you submit with a low gas price, you can find your transaction taking a long time to process. For advice on what gas prices will result in a transaction being finalized in a reasonable amount of time, if you are using the Ethereum network, please refer to sources such as Etherscan's gas tracker, or a similar tracker for whichever network you're using.
Klaytn Price
Klaytn price today is $0.1268 with a 24-hour trading volume of $4,362.23. KLAY price is up 0.24% in the last 24 hours. It has a max supply of 10.78Bil.