Why buy Gitcoin with Kraken?

About Gitcoin

What can you do with Gitcoin?

Swap Gitcoin for other assets

Learn more about Gitcoin

1. How does Gitcoin work?

   Unlike traditional currencies, Gitcoin is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Gitcoin. This decentralization means the holders and users of Gitcoin can help to maintain the network.

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2. Where can I buy Gitcoin?

   Most find that the easiest and most secure way to purchase Gitcoin is through a reliable cryptocurrency platform like Kraken. While Gitcoin can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Gitcoin.

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3. How much does it cost to buy 1 Gitcoin?

   At the current market rate, it costs $1.27 to purchase one GTC. Kraken makes it easy to buy & sell Gitcoin with confidence.

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4. Can I buy $100 worth of Gitcoin?

   Yes, Kraken offers a secure and easy to buy $100 worth of Gitcoin. At its current price, $100 equals 78.74 GTC.

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5. Is Gitcoin safe to buy?

   The Gitcoin price can change dramatically based on market conditions. You should do your own research on Gitcoin before buying.

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6. Is Gitcoin available to buy and sell in my country?

   To find out if Kraken offers Gitcoin in your region, please check our Support article to see what cryptoassets are available in your country.

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7. Is Gitcoin a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Gitcoin may be a worthwhile purchase.

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8. Can I purchase Gitcoin using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. What are the transaction fees for buying Gitcoin?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Gitcoin I can buy?

    You can buy as little as $10 worth of Gitcoin on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Gitcoin regularly.

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11. Can I buy Gitcoin with a debit card?

    You can buy Gitcoin using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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12. Can I buy Gitcoin with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Gitcoin using hundreds of other cryptocurrencies. Browse the Gitcoin markets available on Kraken to see how much it costs to buy Gitcoin with other cryptocurrencies.

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13. How can I keep my Gitcoin safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Gitcoin. When you choose to keep your Gitcoin on Kraken, it is secured by our globally-recognized security standards.

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14. Will I owe taxes when buying and selling Gitcoin?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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15. Can I transfer Gitcoin from Kraken to my crypto wallet?

    Yes, the Gitcoin you buy on Kraken is yours. Kraken makes it easy to withdraw your Gitcoin to any hot wallet or cold wallet that supports Gitcoin. Simply enter the external wallet address and your Gitcoin will be in your wallet a few moments later.

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16. Is it safe to leave my Gitcoin on Kraken?

    We take every measure possible to keep the Gitcoin you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Gitcoin. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Gitcoin?

    The current circulating supply of Gitcoin is 60,842,891 GTC.

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