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Paralink Network FAQ

Learn more about Paralink Network

1. How is Paralink Network different from normal cash?

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

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2. Where can I buy Paralink Network?

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

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3. How do beginners buy Paralink Network?

   While Kraken makes it easy for anyone to buy Paralink Network, beginners should first do their own research (and may consider seeking professional advice) before making decisions about whether or not to buy digital currencies. After learning about Paralink Network in the Kraken Learn Center, beginners can use Kraken to buy Paralink Network in moments with as little as $10.

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4. Is Paralink Network available to buy and sell in my country?

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

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5. Is Paralink Network 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, Paralink Network may be a worthwhile purchase.

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6. Can I purchase Paralink Network 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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7. What are the transaction fees for buying Paralink Network?

   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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8. What is the minimum amount of Paralink Network I can buy?

   You can buy as little as $10 worth of Paralink Network on Kraken. Kraken also allows you to set up recurring buys so you can continuously accumulate small amounts of Paralink Network regularly.

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9. Can I buy Paralink Network with a debit card?

   Yes, you can buy Paralink Network using a debit card on Kraken.

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10. Can I buy Paralink Network with other cryptocurrencies?

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

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11. How can I keep my Paralink Network 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 Paralink Network. When you choose to keep your Paralink Network on Kraken, it is secured by our globally-recognized security standards.

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12. Can I set up automatic recurring buy orders for Paralink Network?

    Yes, Kraken makes it easy to automatically buy Paralink Network on a recurring basis. Recurring buys, also known as dollar cost averaging, is a way to continuously increase your asset holdings without needing to manually place an order each time.

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13. Will I owe taxes when buying and selling Paralink Network?

    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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14. Can I transfer Paralink Network from Kraken to my crypto wallet?

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

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15. Is it safe to leave my Paralink Network on Kraken?

    We take every measure possible to keep the Paralink Network 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 Paralink Network. Learn more about our globally-recognized security standards.

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16. Can I pay for online goods and services using Paralink Network?

    Yes, as long as the seller is willing to accept Paralink Network in return for the goods and services you are purchasing.

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17. What is the current circulating supply of Paralink Network?

    The current circulating supply of Paralink Network is - PARA.

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