How to Buy Kava (KAVA)
Seeking to borrow money without having to sell your cryptocurrencies?
If so, you may want to consider Kava, a protocol that uses multiple cryptocurrencies (BNB, XRP and BTC, among others) to allow users to borrow and lend assets without the need for a traditional financial intermediary.
Built on top of the Cosmos blockchain, Kava allows users to collateralize their cryptocurrencies so that they can borrow USDX, a cryptocurrency pegged to the value of the U.S. dollar.
Not sure yet why you’d want to buy KAVA? Feel free to read our ‘What is Kava?’ guide, which offers a more extensive breakdown of the project’s technology and vision.
If you just want to start buying KAVA right away, click the button below to begin.
Ready to dive in?
If you just want to start investing in KAVA right away, click the button below to begin.
Why buy KAVA?
By collateralizing cryptocurrencies and minting USDX, you can receive weekly rewards in the form of KAVA, Kava’s native cryptocurrency.
As an example, minters using BNB as collateral receive a share of the 74,000 KAVA that the platform issues weekly.
There are other ways to get KAVA besides earning it. You may want to consider buying KAVA if you want to:
- Diversify your long-term investment strategy
- Invest in decentralized lending and borrowing platforms
- Profit from a short-term market opportunity
- Stake KAVA to participate in the protocol’s governance system
- Support the development of applications on the Cosmos blockchain.
Where can I buy KAVA?
There are a number of ways to buy KAVA. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken.
Aside from offering the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose the private key to your KAVA, it can be challenging if not impossible to recover your funds.
At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.
How much KAVA can I buy?
Looking to buy KAVA on a budget? Don’t worry, Kraken offers a minimum order size of 5 KAVA to help you gain exposure to a variety of assets.
Of course, you can also execute larger KAVA buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 7,000 KAVA or more on Kraken.
How to buy KAVA on Kraken
Follow the steps below to start buying KAVA on Kraken:
Sign up for a Kraken account.
First, enter a valid email address, create a new username and set a strong password to protect your account.
Verify your account.
After providing your name, date of birth, country of residence and phone number, you can buy KAVA with cryptocurrencies like BTC and ATOM. In order to use cash (i.e. USD, CAD or EUR), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.
You can fund your account in a number of ways. How you do so will depend upon your location and preferences.
Once your account is funded with cash, you’re ready to buy KAVA. You’ll also get access to our advanced charting tools, 24-hour global client support and margin* and futures trading**. All of these features are why millions of global traders love Kraken.
*Availability of margin trading services is subject to certain limitations and eligibility criteria.
**Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying KAVA, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your KAVA
Once you buy KAVA, you’ll need somewhere to safely store your cryptocurrency.
Kraken is secure, but it’s always safest to keep your KAVA in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.
Kava is a platform built on top of Cosmos, meaning KAVA can be stored in a Cosmos wallet, of which there are many. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage.
When choosing a crypto wallet for your KAVA, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.
Kraken is not a wallet service
It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold KAVA in their accounts, we highly encourage you to separate your KAVA holdings into multiple wallets.
Start buying KAVA
Ready to take the next step toward decentralized lending and borrowing? Click the button below to buy KAVA on Kraken today!