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What is NKN (NKN)?

NKN is a new breed of crypto protocol that is automated by cellular power. It is a decentralized network that is a data relay, built on the blockchain, and its users are rewarded by its native token, the NKN utility token. The sole goal of the NKN network or the NKN protocol is to make accessing the internet as friendly as possible compared to the issues normally experienced with the internet. These internet issues may include the overturning of the network neutrality, inefficiency of utilizing fully the spectrum and the bandwidth, fragmentation, and cancellation of information, and there is limited privacy protection. There are no current solutions to handle or tackle these internet problems and that’s why the NKN network is here to provide solutions to these confronting issues. The solutions that are currently put in place will not be able to handle the next generation of blockchain technology because of many reasons. But just to mention one common one: these solutions are centralized. 

How to Buy NKN in New Zealand

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy NKN

Frequently Asked Questions

Where is the best place to buy NKN?

The best place to buy NKN is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

Is Swyftx Safe to buy NKN?

Yes, Swyftx is a safe and secure platform to buy and sell NKN (NKN). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.

Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.

You can find more information on our security practices here.

How is the price of NKN determined?

The price of NKN is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:

  • Bank transfer
  • OSKO
  • PayID
  • POli
  • Credit or debit card

Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

Can I buy NKN with credit card?

Swyftx does not allow you to directly buy NKN with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy NKN instantly.

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.