In this guide you’ll get information about where to buy Selfkey token, if you are planning to buy KEY – You’re in the right place!
Selfkey is a platform for identity management. Through the platform, exchanges, companies, individuals, banks, or Fintech startups are able to manage (and have full control over) identity data or KYC. The developer team has take part in decentralized identity for several years (from 2014) in various companies, so they have the experience. The idea is to create a platform that can deliver safe and effective KYC process without users having to pay an exorbitant amount of money. Traditional KYC process is expensive and unsafe because the data is kept within a centralized database.
Selfkey improves the platform and the technology by introducing decentralized technology and cryptographic system. As a result, it would be inexpensive and has better customer experience. The security and safety would also be made better, thanks to KYC revolutionized system. Users will have full and total control of their identity – which adds up the convenience factor to use the platform.
- Official website: https://selfkey.org/
- Bitcointalk: https://bitcointalk.org/index.php?topic=2310691
- Twitter: https://twitter.com/SelfKey
- Telegram: https://t.me/selfkeyfoundation
- Reddit: https://reddit.com/r/selfkey
- Whitepaper: https://selfkey.org/whitepaper/
Table of Contents
Selfkey (KEY) Features
- Selfkey Wallet. This is the ‘place’ where users can store their identity documents (along with the attributes) and manage them securely. The wallet is also designed to enable users manage their portfolios because the wallet is compatible with ERC-20 tokens. It offers simple document verification, which users can access through qualified certifiers.
- Total privacy. Because users can use their wallet to keep their data and related information, it is completely private.
- User friendly dashboard. The dashboard in this platform would be simple, straightforward, and clean. Users have convenient access to both crypto holdings as well as ID data.
- Universal ID. The wallet isn’t only functional to save data and documents, but it can also act as a universal ID so users can access different kinds of products or services through the marketplace.
- Selfkey marketplace. Users in this platform can access goods, services, and products. When integrated with the ID mechanism, users can enjoy fast processing – and tons of paperwork.
- Selfkey ID portal. This is easy to navigate and it is user friendly. Users can easily (and quickly) edit the attributes when needed.
Where to Buy, Sell and Trade Selfkey aka KEY
You can basically use debit card, credit card, or even PayPal to buy the Selfkey (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Selfkey as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to Selfkey. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum or Bitcoin
- Find a crypto exchange that supports Selfkey currency and exchange your Ethereum or Bitcoin with the Selfkey
- Store your Selfkey to a secured wallet
That’s the first step in buying Selfkey, once you get your Bitcoin or Ethereum, you can continue to the next step.
Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH with Selfkey:
Binance is the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now. Binance.com is unable to provide services to U.S. citizens or residents.
- Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
- Trading Pairs: 1189+
Bybit is a leading cryptocurrency exchange offering a secure and efficient trading platform for digital asset enthusiasts. Founded in 2018, it specializes in derivatives trading, including perpetual and futures contracts, with high leverage options. Known for its user-friendly interface, Bybit caters to both novice and professional traders. The platform provides advanced tools, including charting and risk management features, ensuring a seamless trading experience. Bybit also supports spot trading, staking, and passive income opportunities. With 24/7 customer support, robust security measures, and a reputation for reliability, Bybit has become a popular choice for crypto traders seeking innovation and transparency.
- Deposit Methods: Cryptocurrency, Credit/Debit card, Third-party payment services, Peer-to-Peer (P2P) trading
- Fiat Currencies: USD, EUR, GBP, JPY, and 60+ more
- Supported Cryptocurrencies: BTC, ETH, XRP, LTC, DOGE, and 300+ more
- Trading Pairs: 500+
MEXC is a global cryptocurrency exchange platform known for its user-friendly interface, extensive range of listed cryptocurrencies, and innovative features. Established in 2018, MEXC provides trading services such as spot, futures, and margin trading, catering to both beginners and advanced traders. The platform supports a wide variety of altcoins, often listing new and promising projects. MEXC is popular for its high liquidity, competitive trading fees, and robust security measures, including two-factor authentication and fund protection protocols. It also offers staking and earning opportunities through its launchpad and DeFi integration, making it a versatile choice for crypto enthusiasts worldwide.
- Deposit Methods: Bank transfer (ACH), Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & over 2,700 others
- Trading Pairs: Over 3,000
IMPORTANT! Once you are registered to any of the above, find the BTC/KEY or ETH/KEY trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your Selfkey (KEY) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Secure
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy Selfkey (KEY) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Selfkey. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Selfkey (KEY) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy Selfkey (KEY) with Skrill?
You can’t buy KEY directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Selfkey. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy Selfkey (KEY) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/KEY and begin the transactions.
Can I Buy Selfkey (KEY) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/KEY trading pair.
What Is the Best Payment Method to Buy Selfkey (KEY)?
The cheapest way is to use bank account to buy Bitcoins first or to buy the Selfkey right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Selfkey (KEY)?
Once you have purchased the Selfkey, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Selfkey (KEY)?
Find a crypto exchange which allow pairing KEY with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine Selfkey (KEY) and Not Buying It?
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Selfkey is to buy it from a reliable exchange.
Conclusion
This would be an ideal platform for users who often deal with KYC and data management system. With this platform, managing data identity would be easy and seamless. Not only the process would be fast and easy, but the cost would be low. Anyone interested in learning more about this platform should know how to buy Selfkey (KEY) so they can get into the network.
