How to buy Kava (KAVA) without Commissions: Step by Step

In this tutorial you will find a quick step-by-step guide, so that in no time you can buy Kava (KAVA). Forget about guides that are eternal and confusing and make you waste your valuable time. Here we have included a video so you won’t miss any step, besides solving all the doubts on how to get this cryptocurrency. So let’s stop wasting time and get down to the important stuff.

Where to Buy

This cryptocurrency can be bought on different platforms and exchanges. Our recommendation is to use Binance to buy this cryptocurrency. Because the most used Exchange in the world, and we have the full tutorial below in the video below. But it is the same system on other platforms if you find also this cryptocurrency listed.

Still, we have another very good option if you are looking for something simpler, easy to use and secure. Being one of the few regulated platforms and located in Europe, with all that implies for investor protection compared to other platforms. We are talking about Bitvavo, which if you do not have an account, you can get €10 free with the link you will see below. If you are looking to diversify or do not have any account on a cryptocurrency platform, Bitvavo is a great place to start or have funds with greater security of not losing them.

In case you can’t watch the video, let’s take a look at the guide below in full detail.

Complete Step by Step

The first step is to create an account with Binance to follow the instructions that we will now see, above you will find a link to do so.

With your account created, the next step is to log in and deposit funds. For me, the most practical way is by credit card, although it has a commission that is usually around 1.8%, you can have the balance instantly in your account, while with transfer, there is no commission, but you must wait a few days to have the balance available. For the low cost, if they are not large amounts it is worth using the card for deposit.

When you deposit you will receive your currency, in my case Euros. With your funds,we must firstbuy a stablecoin or another cryptocurrency, in my case, I like to use USDT (Tether). Since with USDT you will be able to buy 95% of the cryptocurrencies in Binance. To do this, go to markets/markets, and click on FIAT market. Here, we will look for our currency, in my case Euros (EUR). And you will see the EUR/USDT pair. Sometimes there are pairs already with EUR or other currencies or they are added over time, but we recommend that you always switch to USDT for convenience and flexibility to buy and sell any cryptocurrency within Binance.

Let’s go to this pair, and we go to the red sell button. Since what we need to do is to exchange Euros for USDT, or your currency. Indicate the amount of euros you want to change or your currency for USDT. Click on sell and that’s it, you will have USDT.

With the USDT in your balance, you must go again to markets, FIAT market, and search for this cryptocurrency. We will look for KAVA and not Kava, since it is the ticker it has, and therefore we must search instead of the full name of the cryptocurrency. Otherwise, it will not appear. Now you can see the KAVA/USDT pair.

Click on it, and now go to the buy part with the green button. Here, indicate the amount of USDT (Tether), which we bought earlier, or the amount you want to use to buy Kava, and click on buy. With this, you will have Kava in your balance. Yes, it’s that easy.

Now, you will see at the top right of the screen that the transaction has been completed with a green tick.

You can go back to the main panel to see your new cryptocurrency. If you want to withdraw it, you must click on the Kava cryptocurrency, withdraw, and indicate the address you want to withdraw it, either your metamask wallet, another exchange or another platform. You can find a guide in our blog if you don’t know how to withdraw cryptocurrencies from Binance.

If you follow these steps, you can have KAVA in just a few minutes in your account. Register today with Binance so you don’t miss your chance before the price skyrockets.

Kava Price (KAVA)

what is Kava?

Kava Network is the first layer 1 blockchain that combines the speed and scalability of the Cosmos SDK with Ethereum developer support. Kava Network will enable developers to build for Web3 and next generation blockchain technologies through its unique co-chain architecture. KAVA is the Kava Network’s native governance token and stake, which enables its decentralization and security.

What the Kava Network enables

Seamless interoperability

Ethereum and Cosmos co-chains seamlessly interoperate with each other, allowing developers to build in the environment they want without sacrificing access to each other’s users and assets.

Optimized scalability

Kava’s unique network architecture enables the free flow of users, assets and projects between Kava and the industry’s most relevant ecosystems at scale, all powered by the lightning-fast Tendermint Core consensus engine.

Rapid ecosystem growth

Innovative and transparent on-chain incentive programs ensure that the best Ethereum and cosmos ecosystem builders are rewarded appropriately for driving the growth of the Kava network.

What the KAVA token offers

The KAVA token is an integral part of the platform’s security, governance and mechanical functions. There are three main use cases for the KAVA token:

Security

The top 100 nodes validate blocks through a weighted share of KAVA tokens. Economic incentives for validators consist of earning KAVA as a per-block reward and as part of the network’s transaction fees. Validators risk losing KAVA through strict haircut conditions, such as not guaranteeing high uptime and double-signing transactions.

Governance

KAVA is used for proposals and votes on critical parameters of the Kava Network. This includes, among others, the types of assets and Dapps supported, their debt limits and acceptable assets to use as debt collateral, the collateral ratio, fees and savings rate for various financial instruments introduced in the network. The KAVA token is also used to vote on proposals that would affect the Kava Network’s SAFU Fund and treasury allocation, such as reward payments for incentive programs.

Incentives

A portion of KAVA’s issuances are distributed as incentives to scale the network. These incentives go directly to the best projects in each chain to drive growth, foster competition and improve the health of the Kava ecosystem.

Key features

Shared chain architecture

The most important feature of the Kava network is its shared-chain architecture, which allows developers to create and deploy their projects using either the EVM or Cosmos SDK runtime environments with seamless interoperability between the two. The diagram below shows how the system will work once the Kava 10 upgrade is complete and the main Kava Network goes live.

Kava Network

The Kava Network co-chains function like the two hemispheres of a brain. The Cosmos Co-Chain is optimized for Cosmos ecosystem developers. The Ethereum co-chain is optimized for Ethereum ecosystem developers. The translator module connects the two distinct execution environments of Co-Chains, allowing them to work together seamlessly at scale.

This brings together the industry’s two most widely used execution environments into a single network. Ethereum meets Cosmos through Kava Network’s robust, developer-optimized Layer-1 architecture.

Ethereum Co-Chain

An EVM-compatible execution environment that enables Solidity developers and their dApps to benefit from the scalability and security of the Kava Network.

The Cosmos Co-Chain

The Cosmos co-chain is a highly scalable and secure Cosmos SDK blockchain that connects Kava to the 35+ chains and $60+ billion Cosmos ecosystem via the IBC protocol.

Cosmos SDK and Tendermint Core

The Kava network is built using Cosmos-SDK, an open source framework for building Proof-of-Stake public blockchains. Key features of Cosmos-SDK include:

Tendermint Core consensus engine: Kava Network is based on a Byzantine Fault Tolerant consensus engine designed to support Proof-of-Stake systems.

Cosmos Modularity: As new open source modules are developed for the Cosmos ecosystem, Kava Network can quickly deploy the desired modules. For example, the Inter Blockchain Communication (IBC) module (from Cosmos) enables communication between all Cosmos-SDK blockchains. Kava Network was integrated with the IBC at 16:00 UTC on January 19, 2022.

On-chain incentives

The Kava Network has an innovative approach to incentivize developers.Through an open and transparent mechanism, a portion of KAVA issuances are awarded directly to protocols to incentivize usage and drive growth of the Kava ecosystem. Following the Kava 10 upgrade and the launch of the Kava Network mainnet, the incentive module will distribute KAVA issuances between the two chains, and the top 100 protocols in the Ethereum Co-Chain will share a pro-rata distribution of incentives based on usage metrics and LTV.

The Kava DAOThe Kava DAO is a fully decentralized autonomous organization (DAO) that governs the Kava Network. Comprised of Kava’s stakers and validators who help secure and operate the network, the DAO operates on a liquid democracy model and determines how the network operates, what changes need to be made to the network and, most importantly, how the unique developer incentives on the chain are distributed between the two chains. As a truly decentralized organization, the Kava DAO has no headquarters, no board, and no leadership. Contributors to the security and stability of the Kava network also provide direction. The DAO is self-governing and keeps its standards in line with the expectations of the Kava community. This ensures that the Kava Network always serves the interests of the users and the people who build upon it.