Hold on, what is KIN coin?
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All product names, trademarks, brands, photographs and logos are the property of their respective owners. Notes: If you're confused by any terms used, a glossary can be found here. There are three parts to this guide click to skip to them : Setting up a Kin wallet, buying Ethereum and then exchanging Ethereum for Kin. However as crypto has become more popular security has become a pressing issue, and using MyEtherWallet alone just isn't secure enough.
So in this authors personal opinion your coins will be safest stored on the exchange you purchase them or, ideally , on a hardware wallet. Here's why:. Computers and phones get hacked. Websites run illicit code to steal passwords. Phishers trick people into clicking links that steal information from their computers. Hardware wallets plug into your computer like a USB stick, and they have one job- to be a firewall between your Kin and the outside world.
To do this, they encrypt the private keys to your cryptocurrency wallets so that no-one- not even you- can know them. That way only someone with physical access to your hardware wallet- and who also knows its password- has a chance to access and move your coins. Our recommendation is to either get a Ledger Nano S from their official website or Amazon , or a Trezor from their official site or Amazon. The Nano S makes it easy to manage your coins- it's compact and discreet, and wallet management is achieved through a small LCD screen and two buttons.
The Trezor is just as easy to use, small and also featuring two buttons, with a lot of information packed into its small LCD screen. Here's the Ledger setup guide, and the Trezor user manual. If you get a hardware wallet, once it's set up you will be given the option to create a Ethereum wallet.
Do so, and you'll be given a personal wallet address , which consists of a long string of letters and numbers. Copy this address and keep it somewhere safe. Choose which Ethereum exchange you'd like to use by clicking on the logo , and the guide will continue:. Just like a US bank, Coinbase is regulated by the US government, and has to follow strict financial rules.
So they take verifying your identity very seriously. It's a pain, but it does give Coinbase a reputation for being the most trusted way to convert fiat currency to cryptocurrency. Note: If you have problems verifiying your ID using your computer, try downloading the Coinbase app on Iphone or Android , signing into your Coinbase account and verifying your ID using your phone camera.
Using a bank transfer is cheaper but slower taking up to a week to get your coins. You now own some Ethereum. But don't close Coinbase yet, we're going to need it again in a few minutes. Click here to go to Coinmama.
In the sign up form, enter your email address and first and last name make sure these are exactly the same as on your photo ID. Select your country, tick the box to show you understand their terms and conditions and press 'Register'. You're also asked to take a selfie of yourself holding your ID, as well as writing 'Coinmama' on a piece of paper with today's date. Once you've uploaded the files you'll be informed your documents are under review- unfortunately you'll have to wait until you're verified to continue your purchase.
Click here to go to Cex. You will now be asked to set up 2-factor authentication for your new account. It is strongly advised not to skip this step, as 2-factor authentication makes your account far more secure.
Before we do anything else, head on over to your personal email account- there will be an email from Cex. Click it. You will be taken to a page telling you your email has been confirmed.
Click 'Go back to the site'. Look for your user ID in the top menu, hover your mouse over it and in the drop down menu click 'Verification'. Every exchange that lets your buy cryptocurrencies for cash require you to verify your identification before doing so. Complete the Cex. You will be offered some precalculated amounts of Ethereum, or you can scroll to the bottom of the page and input the amount of Ethereum you'd like to buy in the 'Custom amount' box.
We'll use the site Idex to exchange your Ethereum for Kin. Note: This new wallet is for use with Idex only. Don't store anything in it permanently. Press 'Download keystore file'.
This will download a wallet file to your computer. You should keep this file somewhere safe and private. It's very important to save this somewhere safe and private. Anyone with access to it can open your wallet and take your coins. This will copy a wallet address to your computer's clipboard. This is the wallet we'll be sending your Ethereum to so that we can trade it for Kin.
Unless there's an unusually large network backlog, the coins will take between 1 and 20 minutes to appear in your Idex wallet. Note: Some of your Ethereum will be automatically kept in 'My wallet balance' to pay gas costs for your transactions.
It may take upwards of ten minutes for the transaction to confirm, and once it has the Ethereum will show in 'My IDEX balance'. The maximum number of coins you can buy using all of your Ethereum will appear in the box beside it. However, you may end up with less coins than this, as buying at market price can be unpredictable.
Click 'Price'. This will load the best available price at this moment to buy one KIN at. You can use this online calculator to see how much this works out in dollars. Your order will be placed. If it does, it means your order was not completely filled, as not enough coins are available at your chosen price.
You can choose to wait and see if the order is filled over time, or cancel your order and place another one at a higher price. If you're comfortable with it, you could just leave your coins on Idex and they would probably be safe. However, exchanges have been hacked in the past, and people have lost coins, so we do recommend you keep them in a personal wallet.
Here's how:. If you send your Kin to Coinbase you will lose them. When it asks you to confirm the transaction, double check that the address you're sending it to is correct. If it's not you'll lose your coins! Go to myetherwallet. MyEtherWallet will ask which address you want to interact with- select the one you sent your Kin to and click 'Access my wallet'. One note of importance is that the example wallet in this guide has no Eth in it. Why is that important?
Kin coins exist as a token on the Ethereum network. To move Kin coins across that network costs 'gas', which are in the form of Ether coins.
If in the future you want to move your Kin coins to another address, you're going to need some of those Ether coins to power the transaction. You already know how to buy Ether, but you can use this guide if you're still unsure how to move them to your personal wallet.
Note: the exchange used in this guide, Idex, currently has a minimum trade amount of 0. So you will not be able to purchase less than 0. Important notes: The links in this guide are correct as to the best of our knowledge. It is your own responsibility to double check that clicked links look correct in your browser bar, and that any wallet you install on your computer is from a legitimate source. This guide previously advised using myetherwallet. A line of defence to keep our coins from being siphoned out of our crypto wallets is essential.
And that's a hardware wallet. Which hardware wallets support Kin? Now we'll purchase the popular cryptocurrency Ethereum, so that we can exchange it for Kin if you already own Ethereum you can skip ahead. Coinbase Operates in 42 countries. Can have low buy limits at first, increases with use.
ID verification required. High initial buy limits compared to other exchanges.
Read our comprehensive beginner’s guide to choosing and using crypto wallets.
Last updated: 21 June We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners. If you kin cryptocurrency wallet to buy bitcoin or any other digital currency, you must choose a wallet where you can securely store your coins or tokens. Find out how coins are stored on the blockchain and how to store, buy or sell coins in your wallet.
Secure your Kin (KIN)
Only you have control over your funds. Receive, Send, Store and exchange your cryptocurrency right in the mobile interface. What is KIN? Kin empowers consumer app developers to create deep engagement, increase retention, and drive sustainable revenue and growth as part of a comprehensive ecosystem in which everyone wins together. With easy-to-use blockchain tools and the security and speed of the Kin Blockchain, developers are able to harness the power of cryptocurrency without all the backend complexities of the technology. How does it work? Kin was created in to use the power of blockchain and crypto to create a new ecosystem that puts developers, users, and content creators on the same team. App developers have the chance to focus on creating amazing user experiences, users get to enjoy the best apps without worrying about their data being stolen, and everyone gets to be recognized and fairly compensated for the value they create. What does it aim to solve? Also app developers can create deep engagement, increase retention, and drive sustainable revenue and growth as part of a comprehensive ecosystem in which Users and Developers win together.
Hey Guys,— XERA Exchange (@xeratech) October 20, 2019
We are super excited as the XERA wallets are open for deposits and withdrawals!
We will continue to develop and improve on the XERA EXCHANGE platform to suit the demands of our community!#xeraexchange #exchange #trading #crypto #cryptocurrency #btc #eth #Blockchain pic.twitter.com/1sndu3OVVL
What is Kin Project?
Only you have control over your funds. Receive, Send, Store and exchange your crtptocurrency right in the mobile interface. What cryptocurrenccy KIN?
Kin empowers consumer app developers to create deep engagement, wallef retention, and drive sustainable revenue and growth as part of a comprehensive ecosystem in which everyone wins. With easy-to-use blockchain jin and the security and speed of the Kin Blockchain, developers are able to harness the power of cryptocurrency without all the backend complexities of the technology. How does it work? Kin was created in to use the power of blockchain and crypto to create a new ecosystem that puts developers, users, and content creators on the same team.
App developers have the chance to focus on creating amazing user experiences, users get to enjoy the best apps without worrying about their data being stolen, and everyone gets to be recognized and fairly compensated for the value they create. What does it aim to solve? Also app developers can create deep engagement, increase retention, and drive sustainable revenue and growth as part of a comprehensive ecosystem in which Users and Developers win.
What are the features of KIN? Easy-to-use blockchain tools Users can get compensated for the value they create for the ecosystem Puts people at the center focused blockchain design. Get the Trust Wallet app now! Secure Multi Coin Wallet.
What is Kin Project?