How to Buy Acala (ACA)

Are you looking for one place to control your Decentralized Finance (DeFi) activities on Polkadot? Along with an AMM-style decentralized exchange, the Acala ecosystem includes a stablecoin network and liquidity staking protocol. Acala is the go-to location for Polkadot ecosystem users that want  greater control over their assets and activities.

ACA is the native token of the Acala network, and is used to pay transaction fees. It is also used as a governance token and contingency solution for sudden price drops associated with collateral assets.

Acala aims to deliver a unified experience for users looking to manage their various services across the Polkadot ecosystem.

 

There are a number of ways to buy ACA. However, many find that it is easiest to purchase ACA through a trusted global exchange like Kraken. 

Kraken is consistently rated one of the most secure and trusted crypto exchanges in the world, and offers some of the lowest fees in the industry. 

At Kraken, we take security seriously, with battle-tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.

Follow the steps below to start buying Acala on Kraken: 

1. Create Your Free Kraken account.
   Enter an email address, username and a strong password to protect your account.
2. Connect your funding method.  
   Connect your card or bank account to fund your account and buy ACA after Kraken verifies your information. Read about our verification processes here.
3. Purchase Acala (ACA)!
   Once your account is funded, you’re ready to purchase Acala (ACA). At this point, you’ll also gain access to our advanced charting tools, 24-hour global client support and additional products and services that help make the Kraken experience beloved by millions around the world.

 

Instantly buy Acala with a credit card on the Kraken app
 

Download the official Kraken app, wwhere crypto beginners and experienced traders alike can conveniently buy or sell Acala anywhere, anytime. Instantly buy ACA with a credit card, debit card or bank account while staying up to date on your favorite crypto projects.

Bank transfer is only available to US residents. Credit card purchases are available in select countries here.
 

Once you buy ACA, your tokens will be held securely on the Kraken platform. 

Kraken has established itself as one of the most secure and reputable crypto exchanges in the world. However, clients that choose to self-custody their crypto have the option to withdraw their ACA tokens to their own hardware or software wallet. 

Because ACA is a platform built on top of Polkadot, ACA can also be stored in a Polkadot wallet.

If you’re more advanced and looking to get right in and start trading, go ahead and sell some ACA!