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How To Buy Kava (KAVA) With a Credit Card: A Step-by-Step Guide

6 mins
Fact Checked
by May Woods
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Kava is an exciting DeFi protocol targeting the decentralized lending market. Read on to learn more about Kava and how to buy the blockchain’s native crypto, KAVA, with a credit card.

Best exchanges to buy crypto with a credit card within a minute

Kraken

Secure exchange with high deposit & withdrawal limits
Kraken
Explore on Kraken’s official website
Supported cards VISA, MasterCard
Available cryptocurrencies 120+
Top feature Minimum fees of 0,1%

Coinbase

Best for buying, storing, and selling cryptocurrencies
Coinbase
Explore on Coinbase’s official website
Supported cards VISA, MasterCard
Available cryptocurrencies 250+
Top feature Account minimum of $2

How we chose the platforms to buy KAVA with a credit card

What is Kava?

Kava.io is a decentralized finance (DeFi) lending platform that allows users to borrow and lend various digital currencies without intermediaries. The layer-1 blockchain network was created to combine the interoperability and speed of Cosmos blockchain with the developer capability of Ethereum.

Kava uses Cosmos instead of Ethereum because the former is interoperable and customizable, while the latter struggles with scalability issues. Kava seeks to incorporate other protocols and platforms via application-specific blockchains anchored on Cosmos, referred to as “zones.” This allows users to add multiple coins to the Kava platform for lending and borrowing. 

The Kava protocol uses two different cryptocurrencies, USDX and KAVA, with KAVA being the protocol’s native coin.  

Users who deposit their crypto funds to aid Kava’s lending system get KAVA coins as weekly rewards. The crypto is also used for staking and network governance. Kava holders can vote on parameter and system changes on the Kava protocol based on the number of KAVA tokens they hold. 

Kava chart
KAVA price action: CoinMarketCap

The KAVA coin has an infinite supply, and as of mid-October 2023, the token has a circulating supply of 838,900,336 tokens and a market cap of over $450 million, according to CoinMarketCap. Although KAVA has an infinite supply, the Kava system regulates the token’s supply by periodically burning KAVA coins.

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Now that we know what Kava is, let’s look at how you can buy KAVA with a credit card. Remember, you’ll need a secure crypto wallet to trade and store the KAVA you purchase. Ensure you choose a secure Kava wallet and ensure you follow strong crypto wallet security measures to safeguard your digital assets.  

How to buy kava with a credit card

Today, users can easily buy and pay for KAVA using different online payment methods. One such method is buying cryptocurrency with a credit card. Moreover, you can also purchase KAVA from multiple crypto exchanges such as Binance, Coinbase, and Kraken, among others. 

For this guide, we’ll take you through how to buy KAVA tokens with a credit card on the Kraken crypto exchange. Below is a step-by-step guide to the process. 

Before buying KAVA, you must create an account with Kraken and verify your identity. You can choose to use the Kraken app or its desktop version. The latter is what we will be using for illustration purposes. If you already have an account with Kraken, proceed to sign in. 

buy kava on kraken

After successfully signing up or in, click the “Buy Crypto” widget on the dashboard. 

buy kava with credit card on kraken

A pop-up screen will appear on Kraken, as shown below. You’ll notice that the default fiat currency is USD. Proceed to set the digital asset you want to buy as KAVA, then enter the amount of USD you wish to spend. You can buy KAVA for as little as $10, with no maximum limit. Moreover, you can choose whether to buy KAVA once or set an automatic recurring purchase order under the order type. 

buy kava with card

Next, click on “Add Payment Method.” Kraken has two options for buying KAVA — using a card or depositing cash. Select the “Add a Payment Card” option. 

buy kava

You will be redirected to add your Visa or Mastercard credit card details, as shown below. Please note that the credit card must be in the same legal name as your Kraken account and enabled with 3D security. Once done, click on “Continue”. 

buy kava with card on kraken

Kraken will redirect you to a secure payment getaway where you will enter the one-time password (OTP) that your bank will send you to verify the secure transaction. Once the transaction is successful, Kraken will deposit your purchased KAVA into your Kraken account.

While Kraken, just like any other crypto exchange, strives to ensure its platform is secure, it’s still advisable to withdraw your KAVA tokens to a Kava wallet. 

That said, you can withdraw your KAVA tokens from Kraken to any hot wallet or cold wallet of your choice. Alternatively, you can opt for a fully air-gapped wallet or a multi-signature wallet if you need a crypto wallet that can support more than one user.  

Keep your KAVA secure

Today, crypto users can easily buy KAVA with a credit card in minutes. It also helps that most crypto exchanges offer users multiple online payment methods, enhancing access to KAVA coins. This helps to break one of the entry barriers to DeFi protocols for crypto users, which could help boost the mass adoption of decentralized finance protocols. If you decide to purchase KAVA, make sure you store them in a non-custodial wallet for enhanced security. And remember, never invest more than you can afford to lose.

Frequently asked questions

How do I buy kava crypto?

Which wallet supports kava?

Can you buy kava on Binance?

Can I buy Kava on Coinbase?

Does kava have a future?

Can I buy kava on KuCoin?

Top crypto platforms in the US | February 2024
Disclaimer

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Alex Lielacher
Alex Lielacher is the founder & CEO of Rise Up Media, a content marketing agency that works with a range of bitcoin businesses. He first came across bitcoin in 2011 and has worked full-time in the cryptocurrency industry since 2016. Alex started his career in the banking industry in London, working in bond trading and sales. After a little over half a decade, he swapped his seat on the trading floor for a spot in cafés around the world, where he started his career as a freelance...
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