How to Buy Kyber Network (KNC) in the UK (2021)

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Looking to buy Kyber Network (KNC) in the UK?

In this quick guide, I’m going to run through some of the best places where you can buy KNC in the UK.

Intro: Best Ways to Buy Kyber Network in the UK

Here’s a quick overview of where you can buy Kyber Network (KNC) in the UK.

ProviderPayment MethodFees
BinanceUK Bank TransferUp to 0.10%
KrakenUK Bank TransferUp to 0.26%
Coinbase ProUK Bank TransferUp to 0.50%
CoinJarUK Bank Transfer1%
Crypto.com AppUK Bank TransferVariable

How to Buy Kyber Network UK

1. Binance

Binance logo over their trading interface

Binance is one of the cheapest places where you can buy Kyber Network (KNC) in the UK.

You can’t currently buy Kyber Network (KNC) with GBP on Binance. This means that you’ll have to buy one of the four cryptocurrencies that can be exchanged for it.

When I can’t buy a cryptocurrency directly with GBP on Binance, I usually use Tether (USDT) to purchase it.

What KNC trading pairs are available on Binance?

Binance currently has 4 Kyber Network (KNC) trading pairs:

  • KNC/BTC
  • KNC/ETH
  • KNC/USDT
  • KNC/BUSD

On Binance, you’ll be able to buy Kyber Network (KNC) at the real exchange rate (i.e., not padded with a markup) and you’ll pay some of the lowest trading fees around (max 0.1%).

Overview of Option #1

It’s best to follow this process on a desktop computer, as you can’t currently complete all the steps on a mobile device.

  • Create a Binance account.
  • Complete identity verification (required to unlock GBP wallets).
  • Deposit GBP into Binance using a UK bank transfer.
  • Buy Tether (USDT) using your GBP wallet balance.
  • Buy Kyber Network (KNC) with your Tether (USDT) on the KNC/USDT market.

Binance provides a low-cost way of getting your hands on hundreds of cryptocurrencies and is one of the best cryptocurrency exchanges in the UK.

However, it might be a little overwhelming if you’ve never used something like this before.

Binance WebsiteBinance Review

2. CoinJar

CoinJar makes it simple, quick, and easy to buy Kyber Network (KNC) and a growing number of other cryptocurrencies.

In addition to Kyber Network (KNC), UK residents can use CoinJar to buy 23 other cryptocurrencies. This includes Litecoin (LTC), Ripple (XRP), Compound (COMP), and other popular coins.

You can only deposit GBP into CoinJar using a UK bank transfer (via Faster Payments). But it doesn’t take long. After my initial deposit, GBP I’ve sent over to CoinJar has been credited within minutes.

CoinJar charges a fixed fee of 1% when you buy Kyber Network (KNC) or any other supported cryptocurrency. The prices you’re quoted are quite close to the real exchange rate too (around 0.5% higher).

Overview of Option #2
  • Create a CoinJar account.
  • Complete identity verification (required to unlock all features).
  • Deposit GBP to CoinJar using a UK bank transfer.
  • Buy Kyber Network (KNC) using your GBP balance.

Apart from its competitive fees, the one thing that stands out about CoinJar is how intuitive and beginner-friendly their mobile app and web interface is.

CoinJar ReviewCoinJar Website

3. Crypto.com App

Crypto.com provides a mobile app where you can buy, sell, store, and transfer more than 100 cryptocurrencies – including Kyber Network (KNC).

You can deposit GBP into the Crypto.com app using a UK bank transfer or credit/debit card. If you prefer, you could also transfer EUR using a SEPA bank transfer.

It costs nothing to deposit GBP with a UK bank transfer into your GBP wallet inside the Crypto.com app. You’ll also be charged no explicit fee when buying Kyber Network (KNC) or any other cryptocurrency with your GBP wallet balance.

However, I have found the prices you’re quoted inside the Crypto.com app are consistently more than 1% above the real exchange rate.

Overview of Option #3
  • Download the Crypto.com app and create an account.
  • Complete identity verification (required to unlock all features).
  • Transfer GBP to the Crypto.com app using a UK bank transfer.
  • Buy Kyber Network (KNC) using your GBP balance.

The Crypto.com app is more than just a place to buy, sell, and store your cryptocurrencies though. Months after announcing they had 5 million users, they reported they had more than 10 million users.

Crypto.com ReviewDownload App

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