Kaspa (KAS) enables quick, safe, and inexpensive transactions. It is growing more and more well-liked among traders and investors alike, and for good reason. We'll lead you through the purchase of Kaspa (KAS) and explain why it's a wise investment in this tutorial.
What is Kaspa Coin ($KAS)?
Kaspa is a proof-of-work cryptocurrency that implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, but rather allows them to coexist and orders them in consensus. The Kaspa blockchain is actually a blockDAG.
Kaspa is unique in its ability to support high block rates while maintaining the level of security offered by proof-of-work environments. Kaspa’s current main net operates at 1 block per second. Down the road, core developers and researchers will work on stretching the capability to the limits—think 10 or even 100 blocks per second.
Why Buy Kaspa (KAS)?
Kaspa (KAS) is decentralized, transparent, and safe since it is based on blockchain technology. The Kaspa network offers quick transactions, with confirmations occurring in only a few seconds. In comparison to more conventional payment options, the Kaspa network offers more affordable transaction costs.
How to buy Kaspa Coin ($KAS)?
The first step in buying Kaspa (KAS) is to set up a digital wallet that supports it. There are several options available, including Kaspa Wallet and Ledger Nano S. We recommend using Kaspa Wallet as it is the official wallet for Kaspa (KAS) and it is easy to use.
Once you have set up your digital wallet, you can purchase Kaspa (KAS) on a cryptocurrency exchange. Some popular options include Binance, Huobi Global and Bitfinex. Make sure to do your own research and choose an exchange that is reputable and has a good track record.
When purchasing Kaspa (KAS) on an exchange, you will need to provide your digital wallet address. This is where the Kaspa (KAS) will be sent after your purchase.
Step 1: Register on Fiat-to-Crypto Exchange
The first step in buying KAS is to select a reputable cryptocurrency exchange. Some popular options include Binance, Coinbase, and Kraken. It is important to research each exchange and compare its fees, security measures, and supported currencies before making a decision.
Once you have selected an exchange, you will need to create an account. This typically involves providing personal information such as your name, email address, and date of birth. You may also be required to verify your identity by providing a government-issued ID.
In this case, we need to buy USDT (USDT) from Coinbase.
Coinbase is also one of the largest crypto exchanges that accept fiat deposits. Use the link below to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.
SIGN UP ON COINBASE & GET $10!
This can be done by going to the website and clicking "Sign Up." You will be required to enter your name, and email address, create a password, and verify your email address.
Verify Coinbase Account
After your account has been created, you will be required to go through the KYC (know your customer) process. The KYC process also requires you to provide proof of identity and proof of residency.
During the KYC process, you may be required to add a picture of yourself holding up your government-issued ID and a picture of yourself holding up your driver's license or passport. Once this is complete, you should have successfully registered and can now buy cryptocurrency!
Step 2: Buy USDT with fiat money
Select USDT and enter how much money you want to spend/how many coins you want to buy in the windows at the bottom of the page. Once this is done, click on the Buy button. Now you will have to confirm your purchase. Do this by pressing the Confirm purchase button. You now own some USDT. However, don’t close Coinbase just yet – we’ll use it later!
Note: If you use a card on Coinbase, your fees will be higher, but your purchases will be instant. It’s cheaper to use bank transfers, but it’s slow – it can take up to a week to receive your coins. When your payment details are verified, click on the ‘buy/sell’ button in the top menu.
Step 3: Transfer USDT to an Altcoin Exchange
You can use USDT to buy most coins and tokens in the market. The quickest way to buy Kaspa Coin is to transfer your USDT to Binance (or the exchanges listed above for US traders), convert USDT into BNB, then send it to your own wallet via Binance Smart Chain and swap your BNB for KAS on PancakeSwap.
Now you will need to find an exchange that allows you to deposit USDT and trade it for KAS. As Kaspa Coin is currently listed on PancakeSwap we will guide you through how to convert your USDT on the platform.
We'll be using Binance, but there are many other exchanges like ByBit, KuCoin, Kraken, Gate.io, and MEXC that offer Altcoins.
You may also like: How to buy PancakeSwap (CAKE)
Step 4: Convert your USDT into BNB on Binance
Now head over to Binance.com and create an account there. It's a super easy process that shouldn't take more than five minutes. (Traders from the United States can also use the exchanges listed above)
Once you're set up on Binance, it's time to convert some USDT into BNB. You can do this by going to "Funds" and then "Deposits & Withdrawals," where you'll see a list of different coins supported by Binance. Scroll down until you find USDT in the list and click the Deposit button for it.
Binance will give you a unique address to send your coins to copy this address and paste it into your Coinbase wallet (it will look something like this: bbq3dgjm…).
Once you've transferred your USDT to Binance, it will take about 10-15 minutes for your funds to become available for trading. Once they're available, trade your USDT to Binance Coin (BNB).
Step 5: Transfer BNB to your own wallet
Okay, so this is the trickiest part of the process. You need to create your own wallet to hold both BNB and KAS.
Now head over to PancakeSwap. First of all, if you haven't done so already, please sign up for an account by clicking on the yellow button in the top right corner. That's where you'll store your Kaspa Coin tokens and access a wide range of new features.
Once you've signed up, click on the "Connect Wallet" button. This will open MetaMask, a browser plugin that will allow you to send your BNB tokens to PancakeSwap.
If you've already got a Metamask account, skip ahead to the next part. If not, go to MetaMask.io, click "Get Chrome Extension", and install it.
If this is your first time connecting with MetaMask you should be asked immediately if you would like to add the Binance Smart Chain network to your MetaMask, please do proceed with this step as it is very important that you make sure you are sending your BNB via the right network.
Then go to Binance and click on the "Wallet" tab at the top of the screen.
Click on "Withdraw", then search for "BNB". Paste your own wallet address where you see an option named recipient address to withdraw BNB; then on the transfer network, make sure you have selected Binance Smart Chain (BSC) or BEP20 (BSC).
Click submit and follow the verification steps afterward. After successfully withdrawing your BNB it should arrive very shortly in your Metamask wallet.
Now you’re ready to buy Kaspa Coin!
Step 6: Connect MetaMask with PancakeSwap
Once Metmask is ready, head over to PancakeSwap, click "Connect Wallet" at the top and choose Metamask.
Here’s how you can connect to PancakeSwap and start swapping tokens using MetaMask:
1. Log into your MetaMask account.
2. Click “Settings” on the top left corner of the browser extension, then “Advanced” and click “Connect to custom network” at the bottom of the advanced settings.
3. When you click “Connect to custom network” you will be prompted with a pop-up window asking you for the RPC URL and chain ID of PancakeSwap. You can find these on https://pancakeswap.info/
4. Add a new custom RPC with the following information:
Network Name: PancakeSwap (or any name you like)
New RPC URL: https://rpc.cakeswap.fi/
ChainID: 0x91 (For Mainnet) or 0x82 (For Testnet)
Symbol: CAKE
Block Explorer URL: https://bscscan.com/ (or any other explorer site of your choice)
5. Click Save, then select PancakeSwap from the list of networks that appears when you click the network name on MetaMask.
Step 7: Swap BNB for KAS
Now select Trade > Exchange on the left sidebar.
On the top field enter the amount of BNB you would like to exchange for $KAS. You can go back and change this number anytime before proceeding with "Swap".
Now click on the other field and choose Kaspa Coin from the list. The corresponding amount of Kaspa Coin should show up immediately. Verify and then proceed with "Swap".
Now MetaMask should pop up and ask you if you want to allow PancakeSwap to spend your BNB tokens, click confirm. Wait for the confirmation popup until it shows "Transaction Submitted".
You can see your Kaspa Coin in your MetaMask Wallet. Congratulations! You have finally bought Kaspa Coin ($KAS)!
See more: How to buy crypto from UniSwap with Metamask wallet
Conclusion
Kaspa (KAS) is a digital currency that offers fast and secure transactions, as well as the potential for growth as a store of value. By setting up a digital wallet, purchasing Kaspa (KAS) on a reputable exchange, and storing it in a safe place, you can invest in this promising digital currency.
Frequently Asked Questions
How to Store Kaspa (KAS)
After purchasing Kaspa (KAS), it is important to store it in a safe and secure place. The best way to do this is by using a hardware wallet like Ledger Nano S. This will ensure that your Kaspa (KAS) is protected from potential hacking or theft.
It is also important to keep your digital wallet safe by using a strong and unique password, and regularly updating your security settings.
Can I buy Kaspa Coin on Coinbase?
No, Not all cryptocurrencies are as easy to get as others. Kaspa Coin is one of them. It’s not listed on Coinbase’s app or the Coinbase Wallet.
Where can I buy Kaspa Coin crypto?
You can buy Kaspa Coin with any decentralized crypto exchange which works on Binance Blockchain technology.
What exchanges sell Kaspa Coin?
You can sell Kaspa Coin with any decentralized crypto exchange which is built on Binance Blockchain technology.
Is Kaspa Coin crypto?
No, Kaspa Coin is a digital token built on the Binance network chain BNC.
How do I buy Kaspa Coin with PayPal?
No, you cannot buy Kaspa Coin with PayPal directly. However, you can use Binance to exchange your fiat currency in PayPal for $KAS.
Can I buy Kaspa Coin through Cash?
No, you cannot buy Kaspa Coin with your cash directly. However, you can use Binance to exchange your cash for $KAS.
Can I mine Kaspa Coin instead of buying?
No, you cannot mine Kaspa Coin as it has a different network structure than Bitcoin. You can only buy Kaspa Coin from an exchange.
