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
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. Coinbase Pro

Instructions to limit buy bitcoin (BTC) on Coinbase Pro (Step 2)

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

However, you can’t currently buy Kyber Network (KNC) directly with GBP on Coinbase Pro. The only supported trading pair accessible to UK residents is the KNC/BTC trading pair.

This means that you’ll have to first buy Bitcoin (BTC) using GBP, and then exchange it for Kyber Network (KNC).

What KNC trading pairs are available on Coinbase Pro?

Coinbase Pro currently has 2 Kyber Network (KNC) trading pairs:

  • KNC/BTC
  • KNC/USD

However, the KNC/USD trading pair is NOT available to UK residents.

On Coinbase Pro, you’ll be able to buy Kyber Network (KNC) at the real exchange rate (i.e., not padded with a markup) and maximum fees of 0.5% (if you’re a high volume trader, then you’ll pay less than this).

But keep in mind: you’ll need to pay this trading fee TWICE, which means that you’re effectively paying about 1% in fees.

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 Coinbase account.
  • Complete identity verification.
  • Deposit GBP into Coinbase Pro using a UK bank transfer.
  • Buy Bitcoin (BTC) using your GBP wallet balance on the BTC/GBP market.
  • Buy Kyber Network (KNC) with your Bitcoin (BTC) on the KNC/BTC market.

In 2021, Coinbase Pro remains a popular and low-cost way of getting your hands on Bitcoin (BTC) and dozens of cryptocurrencies like Kyber Network (KNC).

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

Coinbase WebsiteBest UK Cryptocurrency Exchanges

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 more than 20 other cryptocurrencies. This includes Litecoin (LTC), Ripple (XRP), Compound (COMP), and other popular coins.

You can 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). Months after announcing they had 5 million users, they reported they had more than 10 million users.

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. Check out my review to learn more about them.

Crypto.com ReviewDownload App

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