The bull run for cryptocurrency appears to be back after a brief pause due to China’s cryptocurrency crackdown. As a result, many altcoins have seen significant gains. Take, for example, Kadena(KDA). Its token value has gone up by 1,000% in the last month alone. It has a Year-To-Date gain of over 13,000%. As a result of its recent sharp rise, lots of investors are eager to learn more about Kadena.
What Is Kadena (KDA)?
Kadena praises itself not only as the world’s most scalable Proof-of-Work (PoW) blockchain but also the fastest. The platform was created by Will Martino and Stuart Popejoy. Kadena is intended to address the blockchain industry’s security, network congestion and scalability issues.
Its proprietary chain architecture enables users to transact and share data across multiple networks in a decentralized manner.
Kadena (KDA) Tokenomics
Kadena is among the most popular cryptocurrency on the market. The current value of a Kadena unit is 19.14 USD. Its circulating supply is 157,522,911. And the market cap of the coin is at 3,015,460,441 at the moment. In just 24 hours, the trading volume reached 99,437,493 USD.
The Kadena (KDA) market has not been too volatile over the last week, with the value of KDA changing 4.7 percent in the last seven days and 1.3 percent from this time last week.
Kadena is currently ranked #66 in the cryptocurrency market out of 7635 different cryptocurrencies.
To buy Kadena (KDA) on Trust Wallet, take a look at the detailed step-by-step guide below.
Buying Kadena (KDA) on Trust Wallet Via KuCoin
Step 1: Download and Set-up Trust Wallet
To purchase KDA, you must first create a digital currency wallet. On your mobile phone, download and install Trust Wallet for either Android or iOS.
Once it loads, select the “Create a new Wallet” option. After that, you’ll be shown your 12-word seed phrase, which you should keep private. Complete the setup until you are redirected to the dashboard by the app.
Step 2: Open KuCoin via Trust Wallet
Go back to the Trust Wallet dashboard and select DApps. Then search for either Coingecko or Coinmarketcap on the DApps browser.
Once it loads, scroll down to the Kadena Markets and select KuCoin against the KDA/USDT pair. Click on it, and it will redirect you to the KuCoin website.
Step 3: Buy Crypto
On the KuCoin website, look for the ‘Buy Crypto’ icon and select the payment method for your transaction. You could either buy it directly via ‘Fast Buy’ by adding your credit card info and getting the USDT. This will save you a few steps. Simply enter the amount of money you’ll need to buy the USDT and confirm.
Alternatively, you can send crypto from another place, like Coinbase. It’s really fast, and there are no gas fees.
Step 4: Swap Crypto to Kadena (KDA)
Once your account receives the crypto, click on the trading bot on KuCoin and select ‘Spot Trading’.
This will redirect you to a different screen where you will search for KDA against USDT. You can either set the purchase to a specific limit or set it at a percentage of the market price. Adjust the amount of USDT you want to buy the KDA with. Then confirm.
This is how you buy Kadena (KDA) on Trust Wallet using KuCoin.
