Kyber Network (KNC) is now available for buying and trading commission-free*, as well as transfers on the Voyager app!
Kyber Network (KNC) is a decentralized exchange and liquidity pool enabling value exchange to be performed seamlessly between all parties in the ecosystem to ensure tokens are usable anywhere. When developers tap on Kyber Networks’ on-chain liquidity protocol, they can build payment flows and financial apps including immediate token swaps, ERC20 payments, and innovative financial dApps (decentralized app) - helping to build a world where any token is usable anywhere.
In September of 2017, the Kyber Network team raised money through an ICO and launched the main-net in February of 2018. The Kyber Network functions by collecting liquidity from reserves. Reserve managers operate the reserves and are in charge of maintaining liquidity in the trading pairs offered as well as updating bid and ask spreads. Managers are compensated through the spread in each transaction. Additionally, anyone with available capital is able to contribute to reserve pools and receive a return.
Ready to start trading Kyber on Voyager? Download the app and follow the below steps to start now:
How to buy Kyber (KNC)
1. Get the Voyager App: Now available in Apple iTunes Store and Google Play Store, visit the store and search Voyager or click here to download now.
2. Open a Voyager Trading Account: Fill in your personal information to create a trading account. As a licensed financial institution, we're required to collect this information to protect our users, but know that your personal information is always safe with us.
3. Link your Bank: Link your bank account by navigating to the User Icon on your Market Screen. On your account page, tap "Bank Accounts" and add your bank.
4. Fund your Voyager Account: To deposit USD, go to your account page and tap "Transfer Cash or Crypto" & tap "Deposit to Voyager Account" and select USD. Then enter the amount of USD you'd like to transfer and slide the "Slide to Deposit USD" banner. Now you can trade instantly.
5. Buy Kyber: Navigate to the Market Screen scroll until you reach "KNC" and tap to access the Kyber page, then tap "Buy KNC." Insert the amount of USD you'd like to spend and slide the "Slide to Buy KNC" purple banner to complete your purchase.
Trading on the Voyager app is currently available to all U.S. residents (excluding New York state). We are actively working with regulators to expand to New York and internationally in the future.
*Additional fees may apply