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Convert
Israeli New Shekel (ILS) to Kyber Network (KNC) Instantly

Purchase Kyber Network (KNC) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.

About
Kyber Network (KNC)

Kyber Network Crystal (KNC) is the native utility and governance token of Kyber Network, a multi-chain liquidity hub designed to aggregate liquidity from diverse sources, facilitating seamless and secure token swaps within the decentralized finance (DeFi) ecosystem. The primary purpose of Kyber Network is to provide deep on-chain liquidity, enabling decentralized applications (dApps), decentralized exchanges (DEXs), and individual users to access a wide array of digital assets at competitive rates without relying on centralized intermediaries. This enhances capital efficiency across the broader blockchain technology landscape.

At its core, Kyber Network, through its flagship product KyberSwap, employs sophisticated smart contracts and a permissionless architecture. KyberSwap functions as a decentralized exchange aggregator and utilizes a dynamic market maker (DMM) protocol, which offers advantages like reduced impermanent loss for liquidity providers and better slippage for traders compared to traditional AMMs. The protocol is deployed on multiple blockchains, supporting cross-chain swaps and fostering interoperability. The KNC token plays a crucial role in the ecosystem; holders can stake KNC in the KyberDAO to participate in governance, vote on protocol upgrades, and earn staking rewards derived from platform fees.

KNC's utility extends to incentivizing participation and ensuring the network's decentralized governance. Its tokenomics are designed to align stakeholder interests with the long-term growth and security of the Kyber Network. As a foundational liquidity infrastructure, Kyber Network is a significant player in the DeFi space, providing essential services for developers and users seeking efficient and decentralized token trading solutions across various Web3 applications and blockchain networks. The platform's commitment to on-chain settlement and cryptographic security underpins its value proposition.

Kyber Network (KNC)

How to Buy Kyber Network (KNC)

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  1. Step 1 illustration
    01

    Choose ILS to KNC Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your Kyber Network Wallet Address

    Provide your KNC wallet address and proceed with the payment.

  3. 03

    Receive Your Kyber Network

    Complete the payment, and your KNC will be sent to your wallet.

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Frequently asked questions

  • What is the most direct method to buy Kyber Network (KNC) using Israeli Shekel (ILS)?

    The most direct method is to use a centralized cryptocurrency exchange that provides an ILS fiat on-ramp. This typically involves registering an account, completing KYC/AML compliance, and depositing ILS via an Israeli bank transfer or credit/debit card. Once your account is funded, you can place an order on the ILS/KNC order book to purchase the digital asset.
  • How does acquiring KNC with ILS provide access to Kyber Network's on-chain liquidity pools?

    Purchasing KNC with ILS is the first step. Once you hold KNC in a digital wallet, it serves as your gateway to the Kyber ecosystem. You can then use platforms like KyberSwap to perform token swaps, which leverage the network's aggregated on-chain liquidity. Furthermore, KNC is the governance token, allowing you to stake it in the KyberDAO and vote on protocol upgrades that affect these very liquidity pools and the Dynamic Market Maker (DMM) model.
  • What are the common fees associated with an ILS to KNC transaction?

    When converting ILS to KNC, you'll encounter several potential fees. First, a deposit fee for funding your exchange account with ILS, which varies by payment method. Second, a trading fee on the cryptocurrency exchange, which can be a 'maker' or 'taker' fee depending on your order. Finally, when you move your KNC off the exchange to a secure digital wallet, there will be a blockchain network withdrawal fee, which is standard for any digital asset transfer.
  • After buying KNC with Shekels, can I participate in KyberDAO governance?

    Yes, absolutely. Holding the KNC token grants you the right to participate in governance. After your ILS/KNC purchase, you should withdraw the KNC tokens to a self-custody digital wallet that you control. From there, you can connect to the KyberDAO platform and stake your KNC. Staking allows you to vote on Kyber Improvement Proposals (KIPs) and earn staking rewards, directly influencing the protocol's future.
  • What are the key security practices for trading the ILS/KNC pair?

    Secure trading of ILS/KNC involves several steps. Always use a reputable cryptocurrency exchange with a strong security track record. Enable Two-Factor Authentication (2FA) on your account for an extra layer of protection. Be wary of phishing scams. After purchasing, it is highly recommended to transfer your KNC from the exchange to a non-custodial, secure digital wallet, such as a hardware wallet, where you control the private keys.
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