How to Buy Kava.io: Invest in KAVA Tokens Today!

Kava is the native token of the decentralized lending platform of the same name. The protocol aims to improve the lending status quo by allowing investors to collateralize their cryptocurrency assets for loans in USDX. With USDX being a stablecoin, its value is pegged at $1.

Coupled with the surplus amount of collateral levels on the platform, the protocol aims to provide a secure system for lending. If you are contemplating this project, there are some things you must know on how to buy Kava. We will explain them on this page carefully. Let’s start with the quickest way to buy Kava online.

How to Buy Kava: Quickfire Walkthrough to Buy Kava in Less Than 10 minutes

Now that you have decided to buy Kava, follow this quickfire walkthrough to understand the process in less than 10 minutes.

• Step 1: Download Trust Wallet: Start by downloading Trust Wallet on Google Playstore or App Store and install it on your device. Set it up by following the on-screen prompts.
• Step 2: Search for Kava: Click on the search button located at the top right corner and type in Kava. Select and move on to the next step.
• Step 3: Add Crypto Asset to your Wallet: This is where you have to take a pause. Your wallet is still empty and you have to fund it by adding cryptocurrency assets to it. You can do this by transferring cryptocurrency from an external wallet or by using your credit/debit card.
• Step 4: Connect to Pancakeswap:  Once you fund your wallet, connect to Pancakeswap by clicking on the ‘DApps’ tab. Select Pancakeswap from the options available and connect.
• Step 5: Buy Kava: After connecting to Pancakeswap, you can buy Kava by swapping it with the established coin in your wallet. To do this, click on ‘Exchange’ and select ‘From’. Pick the established coin you own from the drop-down menu and choose ‘To’. Select Kava and input the volume you intend to buy.

Click on ‘Swap’ and complete the process.

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.

How to Buy Kava – Full Step-by-Step Walkthrough

The quickfire walkthrough above is a very direct way to get started, but we understand that it may not be easily understandable for some. If you are a beginner and you don’t know much about how to buy Kava, this comprehensive guide is for you.

By following this guide, you can buy Kava without having any prior experience. 

Step 1: Download Trust Wallet

Start by downloading Trust Wallet. While there are several wallets available, Trust Wallet is preferred by many investors due to its simplicity and comprehensiveness.

The wallet offers features that will help you go from a newbie to a pro just by understanding how they work. Go to Google Play or the App Store and download Trust Wallet to your phone.

You need to set up your Trust Wallet by entering the required details and creating a PIN. Make sure your PIN is strong and unique. Afterward, Trust Wallet will give you a 12-word passphrase. This passphrase will help you in the event that you forget your PIN or lose your device.

Step 2: Add Crypto Asset to Your Trust Wallet

After setting up your wallet, the next step is to fund it. You can do this in either of two ways. You can either send cryptocurrency assets to it from another wallet or buy directly using your credit/debit card.

Send Crypto from an External Wallet

For this first option, you need to have an external wallet where you can transfer from.

• Start by opening your Trust Wallet and click on ‘Receive’.
• Choose the cryptocurrency you want to transfer in and copy the wallet address given.
• Go to the other wallet and open the address box.
• Paste the unique wallet address you copied from Trust.
• Enter the amount of cryptocurrency you want to transfer.
• Confirm the transaction.

You will receive the coins you have bought in your Trust Wallet in a few minutes.

Buy Cryptocurrencies Using Credit/Debit Card

This second option may be the best for you if you are new to cryptocurrency trading. Rather than use a broker, you can buy established coins directly on Trust Wallet following these simple steps.

• Open Trust Wallet and select ‘Buy’. It will display all available cryptocurrencies to you.
• Pick the one you want to buy. It is preferable to buy an established coin such as BTC or BNB.
• This method will require you to go through the Know Your Customer (KYC) process. A KYC process is used to verify your identity before you trade with fiat currency.
• Upload a copy of any government-issued ID to complete the process.
• Enter your card details and the amount of cryptocurrency you want to buy.

Confirm the transaction and wait as your new asset is delivered to your wallet immediately.

Step 3: How to Buy Kava through Pancakeswap

Now that you have some funds in your wallet, you can proceed to buy Kava. To do this, you need to go through an exchange such as Pancakeswap. Pancakeswap is a decentralized exchange that allows investors to buy, sell and trade cryptocurrency assets without an intermediary.

Connect to Pancakeswap by clicking on the ‘DApps’ feature at the bottom of your Trust Wallet. Once you get to the Pancakeswap page, follow the process below to buy Kava.

• Click on ‘DEX’ and then the ‘Swap’ button
• Click on ‘You Pay’ and select the token you have in your Trust Wallet.
• Enter the amount you want to buy and move to the ‘You Get’ section.
• Here, pick Kava from the options given. You will see the rate of the cryptocurrency to Kava.
• Click on ‘Swap’ and confirm.

You will get your Kava tokens in your wallet within a few minutes.

Step 4: How to Sell Kava

You now know how to buy Kava. Interestingly, the selling procedure is not so different, so why not just learn it too? You can buy and sell Kava within a short timeframe or hold it for a while and then trade it off. Whatever way you choose, you can sell your Kava tokens either by swapping them for another cryptocurrency asset or for fiat money.

• If you want to use the first option, the process is similar to how you bought the tokens.
• You just have to select Kava under the ‘You Pay’ tab and the asset you want to swap it for under ‘You Buy’.

The other way is to sell directly for fiat money. You cannot do this on Pancakeswap so you have to use a centralized exchange like Binance. Simply send your Kava tokens to the exchange, follow the KYC process and sell your tokens for fiat money. You can withdraw this money into your bank account and use it as you desire.

Where Can You Buy Kava Online?

There are currently over 70 million Kava tokens in circulation which makes the coin available almost anywhere cryptocurrencies are sold. You can buy Kava through a centralized exchange or through a DEX. 

Decentralized exchanges are preferable for Defi coin because they make the process seamless. You can use Pancakeswap for this as it is one of the top decentralized exchanges around.

Pancakeswap – Buy Kava Through a Decentralized Exchange

Pancakeswap is one of the best DEX’s today. It is an automated market maker, which means that it allows investors to buy and sell without an intermediary. The benefit of this is that it reduces the cost of trading for investors and enables a better understanding of the market. Automated market makers also allow for a more individual approach to investing.

Apart from cutting off third parties, Pancakeswap also allows investors to trade against the market and not just other investors. It does this by allowing investors to put their funds in liquidity pools where they can earn commissions and maximize their returns. Investors who contribute to the pools are given liquidity providers (LP) tokens to retrieve their shares. 

Liquidity pools are not the only exciting features on Pancakeswap. The DEX also allows investors to farm its governance token, CAKE. By farming CAKE, investors gain added benefits of influencing the market and investing in SYRUP pools. No one knows what the farms will yield but the harvests are just added benefits at the end of the day.

What makes Pancakeswap most exciting is the diversity of activities it provides investors. While the liquidity pools draw a lot of attention from investors looking to earn passively with their spare tokens, they are not the only places you can earn on Pancakeswap. The farms and lottery features are equally there to increase earnings. 

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