Klayton aims to become a service-oriented platform of corporate scale. And judging by the rapid growth in the number of investors and the size of the capitalization, it is doing brilliantly. In the current review, we will briefly study the project, learn its prospects, and much more.
What is Klaytn (KLAY)?
Klaytn (KLAY) – is a public blockchain network for business, the main purpose of which is to promote the introduction of blockchain in various spheres of life. Using Klaytn, entrepreneurs and developers can create highly efficient distributed applications as easily as possible, without deep knowledge of blockchain development.
The platform provides a full-fledged environment for creating decentralized applications, starting from the public blockchain itself and ending with tools for developers. The block generation and confirmation time in the network takes 1 second, up to 4000 TPS are processed.
Klaytn has hybrid architecture that combines the advantages of public and private blockchains.
Why should I exchange Klaytn?
KLAY trading guarantees to bring you profit since:
- Klayton is already used by many brands around the world as a tool for creating decentralized business platforms. All this significantly affects the capitalization of the project, which allowed it to take 34th place in the top of cryptocurrencies.
- During the year of trading, the coin showed excellent growth, the price of KLAY rose from about $0.01 to $1.9. Analysts’ forecast is extremely optimistic, for example, DigitalCoin predicts a price increase to $2.74 by the end of 2021.
To date, on August 20, 2021, the price of KLAY is approximately $1.9. The market capitalization of the project has already reached $4,794,531,456. The highest price was set on April 2, 2021 and reached $4.38. The minimum coin cost was $0.0573 on May 6, 2020.
Where to trade Klaytn?
Several platforms that provide the opportunity to trade KLAY:
- Binance – a reliable crypto exchange, with low trading commissions, support for margin trading, and other trading tools.
Trading pairs: more than 2000.
- HitBTC – a popular crypto exchange, with support for rare coins, and low trading fees.
Trading pairs: more than 1000.
- 7b – a secure crypto broker, with honest and low fees, provides the necessary trading tools for easy trading.
Trading pairs: more than 2000.
How to exchange Klaytn using the 7b crypto broker app?
At 7b, we are continuously working on our product to guarantee users maximum convenience and security when working with our application. Learn how to trade on 7b in a few simple steps in our step-by-step instructions:
- Open the app on your smartphone and enter the password to log in to your account.
- Click on the “Deposit” button to top up your balance.
- Search the KLAY coin.
- Enter how much you want to buy.
- Confirm the transaction.
Klaytn Exchange
Where to exchange KLAY?
The exchange of cryptocurrency is not much different from how we convert a fiat currency. This is even easier, since you do not need to go anywhere, just use a broker or an instant exchanger. Find out what differences the services have in our brief review:
Broker:
| Pros | Cons |
| Provides security | Service fee |
| There are no limited reserves of cryptocurrencies | |
| There are coins that are not available on the instant exchanger |
Instant exchanger:
| Pros | Cons |
| Provides privacy | Hidden fees are possible |
| The possibility of a fixed exchange rate | |
| Direct transfer to a wallet |
Top crypto exchangers for KLAY coin:
- StealthEX – the name of the platform speaks for itself, the service focuses on privacy. More than 350 coins.
Service fee: included in the estimated exchange rate.
- SimpleSwap – the exchange on the platform is as simple as possible. More than 300 currencies to exchange.
Service fee: included in the estimated exchange rate.
- ChangeNOW – the service provides a fast cryptocurrency exchange. There are more than 170 cryptocurrencies in the list.
Service fee: 0.5%.
- Swapzone – a cryptocurrency exchange aggregator where one can compare exchange rates, analyze and swap cryptocurrency in just one interface.
Service fee: included in the estimated exchange rate.
What to know before exchanging Klaytn?
Consider the following parameters when choosing:
- The duration of work – the longer, the better.
- The proportion of positive and negative reviews.
- The size of reserves – the more, the better.
- Technical support. Try sending a test appeal to support and see how prompt and high-quality the response will be.
- Commissions. Before performing the operation, you will see the exact amount of money you will receive, compare several services to choose the best one.
Do not forget to double-check the recipient’s address.
How to buy Klaytn?
Instruction on buying KLAY?
Buying KLAY for the first time might a bit complicated for a beginner. That is why we have composed a step-by-step instruction so that you could buy KLAY without any problems:
- Step 1. Sign up to a service providing KLAY trading or exchanging
- Step 2. Deposit your account with BTC or ETH
- Step 3. Find KLAY/BTC or KLAY/ETH trading pair
- Step 4. Enter the necessary sum
- Step 5. Confirm the transaction
Where to buy KLAY?
Choosing a trustworthy platform might be even more complicated. To avoid scam and fraud, use platforms with a significant amount of reviews and good reputation, such as:
- Coinbase – a reliable exchange with a solid volume and high capitalization. User-friendly interface. However, it is not supported on the territory of a number of countries.
- Gate.io – attracts the attention of traders with a high level of security and clear interface, as well as a fast speed of deposit and withdrawal of funds.
What is the best time to buy KLAY
According to the most analytical reviews, the best time to buy KLAY is now. Thought the price fluctuations might occur from time to time, the general trend is upwards.
However it is only up to you to decide, while the information above should not be mentioned as a financial advice.
How to sell Klaytn
Selling KLAY does not differ much from buying it, however, to avoid mistakes follow this instruction to sell KLAY:
Step 1. Login the exchange platform you use
Step 2. Find KLAY/BTC or KLAY/ETH trading pair
Step 3. Enter the necessary sum
Step 4. Confirm the operation
Step 5. Exchange BTC or ETH to fiat (Optional)
What to know before buying KLAY
Before buying KLAY acknowledge yourself with some helpful tips, which might save your funds:
- Keep your KLAY either on hot or cold wallet. It guarantees the safety of your funds.
- Stay calm when the prices go up and down – the volatile nature of cryptocurrency causes huge price fluctuations, however it does not mean you should buy and sell hundreds of times a day.
- Never entrust your funds to dubious services, while some of them might eventually turn out to be scam or fraund.
Klaytn token use cases
KLAY is a native coin of the Klaytn network that is used as:
- A medium of exchange and fees. The network supports up to 4000 transactions per second, with a block generation rate of one second.
- A staking tool. Klaytn uses Practical Byzantine Fault Tolerance and Proof of Contribution for the functioning of the network.
- KLAY holders can participate in voting regarding the economy, management, and technologies of the project.
FAQ
Is Klaytn a good investment?
Yes, the Klayton platform is designed to effectively solve the main tasks that make the blockchain easier for the average user. The advantages of the platform have already been appreciated by many reputable investors, which significantly affected the price and capitalization of the project. If the project continues in the same spirit, then the KLAY coin has brilliant growth prospects.
How do I invest in Klaytn?
Carefully choose a cryptocurrency to invest in, conduct your own analysis. Remember that the crypto market is characterized by high volatility. Do not sell coins in a panic, the exchange rate of which has fallen sharply. Perhaps soon the exchange rate will stabilize or even increase. To buy KLAY on 7b: deposit funds, pick KLAY for purchase, specify the amount, and place a market order.
How to trade KLAY for beginners?
If you follow the price and trading volume of the cryptocurrency, you can say a lot about its near future. To track these indicators, you can use CoinMarketCap or similar sites. Trade easily through 7b: check the balance, select a coin to trade with, specify the transaction amount, and confirm it.
What is Klaytn Blockchain?
The Klaytn project is a public blockchain developed by GroundX to facilitate the interaction of businesses and the blockchain. The goal of Klaytn is to provide enterprise-level scalability and performance. The project uses a hybrid structure and a PBFT consensus mechanism. The network supports up to 4000 TPS.
