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 coins 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. 

Pros:

  • Exchange digital currencies in a decentralized manner
  • No requirement to use a third party when buying and selling cryptocurrency
  • Supports a sizable number of digital tokens
  • Allows you to earn interest on your idle digital assets
  • Sufficient levels of liquidity – even on smaller tokens
  • Prediction and lottery games


Cons:

  • Might appear daunting at first glance for newbies
  • Does not support fiat payments directly

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

Ways to Buy Kava

If your focus is on how to buy Kava, take these simple steps to follow any of the processes you feel is most suitable for you. You can buy Kava with established cryptocurrencies or with your credit/debit card.

We have explained the process for each below.

Buy Kava with Crypto

If you want to buy Kava with cryptocurrency, you have to transfer some digital assets from an external source to your Trust Wallet. Connect to Pancakeswap and exchange the cryptocurrency for Kava.

Buy Kava with Credit/Debit Card

If you do not have another wallet, you can first buy established coins on Trust using your credit/debit card. Then, connect to your Pancakeswap and exchange for Kava.

Should I buy Kava?

One question that is frequently asked about how to buy Kava is whether or not it is wise to buy the tokens in the first place. However, the answer to this should be based on your own personal research. You should only buy Kava if you believe it is a good fit for your portfolio.

Here are some things to look out for.

Established Cryptocurrency Project

The Kava Project was established to improve the financial profile of investors in the cryptocurrency market. This objective is achieved by allowing investors to collateralize their cryptocurrency assets rather than sell them for money. If you need a quick loan, you can lock up your cryptocurrency holdings on Kava and get USDX. 

The essence of this stability is that you can get a loan to settle your financial obligations without having to sell your cryptocurrency assets cheaply. When you invest in Kava by collateralizing your cryptocurrency, you get to earn interest on your principal.

Financial Impact

The aim of the Kava project is to provide flexible lending services for investors in the cryptocurrency market. When you buy Kava, you are providing funds for other investors to lend on which you can earn interest later. This system allows every party involved to improve their financial situation in a win-win approach. 

In the long run, this project has the tendency to redefine loaning in the financial market. The value of its token, Kava, stands a chance of witnessing impressive development. Additionally, as at the time of writing, the price is just over $5, which is relatively low. This might make it worthy of consideration for long-term plans.

However, all of this should be premised on personal research to determine how well the project fits into your investment strategy.

Future Projects

Apart from the lending services Kava is known for, the protocol is looking to diversify into new markets.

  • These new areas include automated market maker (AMM) and Robo Advisor. The former will aim to take a decentralized approach to cryptocurrency trading to address issues like spillage.
  • The latter, Robo Advisor, will use smart technologies to help investors plan their portfolios instead of relying on human financial analysts.
  • When these new projects come into place, the value of Kava could rise, as those features might attract more traction to the coin.

If you have the right plans in place, you may buy Kava after careful considerations and hold it until the value rises to your desired profit target.

Risk of Buying Kava

Kava, just like every other asset in the financial market, comes with its risks. Although the team behind Kava has worked towards reducing the risks that come with its cryptocurrency, the token is still subject to volatility.

  • The reason for this is simple. The cryptocurrency market is highly susceptible to speculation and assets may fall due to varying factors.
  • If you are researching how to buy Kava, take some time to know about the ways to reduce the inherent risks.
  • Some of these strategies include investing only as much as you can afford to lose in case of a dip.

You can also buy other assets to strengthen your portfolio in case Kava falls. The most important point is to stay abreast of market updates and know when to sell for maximum profit.

Best Kava Wallet

You need a wallet to store your Kava tokens. After learning how to buy Kava, this is the next thing to work on. There are various options in the market ranging from digital to hardware wallets. Some of these wallets are either web-based, mobile, or desktop compatible while others are usable on multiple platforms. 

Knowing this, we have provided you with the best Kava wallets available.

Trust Wallet: Overall Best Kava Wallet

The top spot goes to Trust Wallet which has most of the features you will need to trade Kava conveniently. This wallet is backed by cryptocurrency giant Binance, which makes it a favorite among many investors.

Generally, it is easy to use, has an appealing interface, and is very functional. You can buy, store, hold and trade your Kava tokens on this wallet easily.

KeepKey: Best Kava Wallet in Security

Security is one of the top concerns for every cryptocurrency holder. There are several challenges that can befall your cryptocurrency holdings if you are not careful. Some of these risks include hacking, gaining access to your wallet, losing your device, and so many others.

To reduce the tendency of these risks, you should go for a wallet that offers impressive security for Kava. KeepKey is a hardware wallet that stores your Kava tokens offline and keeps them safe from the threat of hackers. You will also have a 12-word recovery passphrase and 2-factor authentication.

Coinomi: Best Kava Wallet in Accessibility

Coinomi is a software wallet that allows you to access your Kava tokens and other cryptocurrency assets with a few swipes. This wallet gives superior accessibility with various versions for different devices. These versions support web, mobile, and desktop devices.

How to Buy Kava – Bottom Line

This lesson on how to buy Kava is straightforward. The most important things to note are: downloading Trust Wallet, knowing how to add funds, and understanding how to use Pancakeswap.

This is simple at its best and makes the process straightforward for beginners. As such, buying Kava tokens online should not take you more than a few minutes!  

Buy Kava.io Now via Pancakeswap

 

 

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

FAQs

How much is Kava?

The price of Kava as of late July 2021 hovers just above $5.

Is Kava a good buy?

As at the time of writing in late July, Kava is cheap to buy, meaning this is likely a good time to purchase the coin if you’re interested. Some commentators project that the value of the token may rise in the future, especially after the launch of planned new products by the Kava team. However, projections of this nature should not form the basis of your purchase. Instead, it should be based on your own personal research.

What is the minimum Kava tokens you can buy?

The Kava protocol does not set a minimum for the number of tokens you can buy. However, if you use some exchanges, especially CEX’s, you may experience some limitations. Most of these exchanges set a limit to the minimum and maximum volume of Kava you can buy at any given time.

What is the Kava all-time high?

Kava’s all-time high was on 6 April 2021, when it peaked at $8.20.

How do you buy Kava using a debit card?

Learning how to buy Kava using a debit card might be your primary option if you do not have another wallet to transfer established cryptocurrencies from. Since you cannot buy Kava directly with fiat money, what you have to do is to buy an established cryptocurrency such as BTC or ETH. You can do this via the Trust Wallet. Then, connect to Pancakeswap and exchange the major coin for Kava.

How many Kava tokens are there?

There are over 139 million Kava tokens in total supply. Out of these, over 70 million tokens are already in circulation, as at the time of writing in late July. The coin has a market cap of over $350 million as at the time of writing.