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What is NKN?

NKN (NKN) aims to assist application developers in building a decentralised internet to facilitate secure, low cost and universally accessible connectivity. The team believes this can be achieved through economic incentives used to motivate users to share network connections and utilise unused bandwidth.

  • NKN is a peer to peer network connectivity protocol and ecosystem powered by blockchain.
  • The network can scale to use millions of nodes and allow users to use an aggregated speed of several routes.
  • Being fully peer to peer and decentralised, means there is no single point of failure and removes the centralised target for hacking.

NKN currently has over 13000 nodes in 37 countries and is working to continue to build the world’s largest blockchain network.

How do I buy NKN?

Sign up to CoinSpot
Register for a CoinSpot account here & verify in minutes.
Deposit & buy
Deposit AUD into your account & enter the amount of AUD you want to trade for NKN and click "Buy".
That’s it!
You now own some NKN! You can click "Go to NKN Wallet" to see your NKN.

Learn more about NKN

Why Should I Trade NKN with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell NKN no matter what your trading experience is. Unlike other international and Australian NKN exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy NKN with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade NKN how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your NKN?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your NKN for free.

Cold Storage

If you are holding NKN as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy NKN. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for NKN. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
NKN has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As NKN is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual NKN exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in NKN & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying NKN safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your NKN portfolio here.
Yes! With CoinSpot you can convert your NKN to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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