Many crypto-enthusiasts are interested in the cryptocurrency Smart Key, which has been around since 2020. Its peculiarity is high volatility and appreciation by hundreds of percent since its foundation. That’s why more and more traders and crypto investors are looking for a way to buy coins profitably with minimal fees. You can use some popular exchanges like Binance to buy. But how do you save money on commissions?
This article will help you learn more about where to buy Smart Key crypto without commission in just a few steps.
What is Smart Key Coin?
Smart Key is a cryptocurrency, a native token of the network of the same name. This platform has been in existence for several years. Its primary mission is to combine Defi, blockchain, and IoT (Internet of Things). It is assumed that in the future, users of this network will be able to freely dispose of their assets on the Internet using the Smartkey crypto.
As we know, the creators of this project plan to optimize the network to create dApps, in which calculations will be possible with the SKEY coin. That is why at the moment, there are a few coins in circulation (about 21 million). The remaining tokens will enter the market as the project develops and demand increases.
However, most crypto enthusiasts know SKEY was one of the fastest-growing cryptocurrencies in 2021. In just a couple of days, the coin’s value rose from a few cents to $0.55. As a result of this bullish rally, many holders of the asset earned hundreds of thousands of dollars.
Some experts believe that the situation may repeat itself in the future. Therefore, perhaps now is the best time to buy this cryptocurrency.
Smart Key Network (SKEY) Price
Smart Key coin is worth about $0.02 as of September 1, 2022, and has a daily trading volume of over $1 million. The total market size is estimated at $17 million. However, the coin is currently in a declining trend, as is the entire cryptocurrency market. The value of the coin reached a maximum in April 2021, and many crypto-enthusiasts have confidence that the coin will rise again to $0.5 or higher.
So let’s not waste time and consider the best exchanges to buy SKEY.
How and Where to Buy Smart Key Crypto?
You cannot buy SKEY directly for fiat money or cash. Therefore, you will have to buy ETH first to swap this cryptocurrency for SKEY at the operating currency exchange rate at one of the platforms.
By now, Smart Key is available for purchase in exchange for ETH and other cryptocurrencies on the following platforms:
These four cryptocurrency exchanges provide users with the lowest commissions and the most convenient terms for buying a Smartkey coin in a few clicks. Nevertheless, you will have to choose one of these exchanges, comparing commissions, deposit terms, and much more beforehand.
Step-by-step SKEY Buying Guide
Once you’ve made your choice, you can begin the process of buying a coin for ETH or another cryptocurrency. But, first, let’s take a look at the step-by-step process using the example of the popular cryptocurrency exchange Binance:
- Create an account and pass user verification (this is a necessary step to confirm contact information and residence address). Note that Binance, like many other exchanges, is not active in the United States due to regulatory requirements. Therefore, select a site that is licensed to operate in your region.
- Buy ETH to exchange for SKEY. Once you have completed the KYC process, you can pay with a credit card or wire transfer. The cost of wire transfers depends on your country and your credit card issuing company. When paying with a card, be aware that some countries offer instant cash transfers for low fees.
- Exchange ETH to SKEY in the exchange menu of the platform.
There are several popular crypto exchanges where you can buy and sell crypto coins. Popular exchanges will have a huge user base, so even if you don’t actively trade the coin on these platforms when it is listed, there will still be a lot of trading volume, which means that your trades may get filled at very good prices!
You have many ways to buy and store SKEY crypto on software or hardware wallets. This can be one of the most successful investments, as experts predict a further increase in the coin’s value, despite the ongoing bearish trend.
We recommend using hardware wallets for long-term storage of large amounts of cryptocurrency. However, you can always use reliable exchanges like Binance or KuCoin to buy SKEY coin in a few steps without commission. When choosing an exchange, evaluate factors such as your location (Binance doesn’t work in the USA, for instance) and your investment goals.
Unfortunately, no. SKEY is not directly traded on exchanges, so you cannot buy it with a VISA/MasterCard or e-wallet. You will need to buy some Ethereum first to exchange this cryptocurrency for SKEY. You can do the exchange without any overpayment in a matter of minutes.
Yes! Some cryptocurrency exchanges got banned in the United States at the request of regulators. However, many platforms still allow you to purchase ETH and exchange Ethereum for SKEY crypto in a few clicks using an account from the United States.
Should I buy SKEY right now?
At the moment, the value of SKEY has dropped significantly amid a bearish decline in the crypto market. As a result, the current price is more than 99% lower than the maximum price recorded last year. However, the coin is still promising, and you will be able to profit during the expected bullish rally.