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What is Klaytn?

Klaytn (KLAY) is a blockchain platform developed by Ground X, the blockchain branch of South Korean tech giant Kakao. Kakao built this blockchain platform in order to accommodate their online and mobile first services, as current blockchain technology may result in bottlenecks. KLAY is the native utility token of the Klaytn network.

  • KLAY aims to be the go to platform for NFT’s and DeFi in the Asian region. As such, individuals can use KLAY to mint NFT’s on the Klaytn network.
  • The Klaytn network aims to combine the best of both public and private blockchains by providing decentralised data control, distributed governance, low latency transactions and high scalability.
  • As Klaytn has such a wide array of DApps in its ecosystem, individual users have the opportunity to develop or find applications that suit their needs. Users have almost unlimited access to a number of DApps as the Klaytn network has multiple spheres that include digital asset management, NFT collecting, game development and decentralised exchanges.

Klaytn aims to provide businesses and individuals with the tools to create their own wealth by using blockchain technology. With multiple DApp spheres, and the backing of Kakao, KLAY aims to be the benchmark for DApp market places.

How do I swap Klaytn?

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Learn more about Klaytn

Why Should I Trade KLAY with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Klaytn no matter what your trading experience is. Unlike other international and Australian Klaytn exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Klaytn with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Klaytn how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Klaytn?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Klaytn for free.

Cold Storage

If you are holding Klaytn as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Klaytn. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Klaytn. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Klaytn has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Klaytn is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Klaytn exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Klaytn & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Klaytn safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Klaytn portfolio here.
Yes! With CoinSpot you can convert your Klaytn to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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