Where To Exchange Monolith (TKN) - Best Platforms With Reviews
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Where can you exchange Monolith (TKN) in 2024?
Where Can You Exchange Monolith (TKN)
Monolith (TKN) is an innovative cryptocurrency aiming to bridge the gap between traditional finance and the blockchain world. As interest in cryptocurrencies continues to grow, finding reliable platforms to exchange Monolith becomes crucial for both new and seasoned investors. This article provides a comprehensive guide on where you can exchange Monolith (TKN), along with an overview of the cryptocurrency, its history, and the technology behind it.
Introduction to Monolith (TKN)
What is Monolith?
Monolith, previously known as TokenCard, is a decentralized finance (DeFi) platform that integrates a crypto wallet with a Visa debit card. This allows users to spend their cryptocurrencies in the real world, just like they would with traditional fiat currency. The native token of the Monolith ecosystem is TKN, which plays a vital role in its operations and governance.
History of the Project
Monolith was founded in 2016 by Mel Gelderman and David Hoggard. The project was born out of the desire to create a seamless bridge between the burgeoning world of cryptocurrencies and everyday financial transactions. It gained significant attention during its ICO in 2017, raising over $16 million. The rebranding from TokenCard to Monolith in 2019 marked a significant milestone in its journey, emphasizing its mission to empower individuals with control over their financial assets.
Technology Behind Monolith
Monolith operates on the Ethereum blockchain, leveraging smart contracts to provide transparent and secure financial services. The platform includes features such as:
- Non-custodial Wallet: Users retain full control of their private keys and funds, ensuring enhanced security.
- Visa Debit Card Integration: Allows spending of cryptocurrency at any location accepting Visa, converting crypto to fiat at the point of sale.
- TKN Rewards: Token holders benefit from a reward system where a portion of the transaction fees collected by Monolith is distributed back to TKN holders.
Where to Exchange Monolith (TKN)
Centralized Exchanges
Centralized exchanges (CEX) are often the go-to platforms for trading cryptocurrencies due to their liquidity and ease of use. Here are some of the popular centralized exchanges where you can exchange Monolith (TKN):
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Binance Binance is one of the largest and most reputable cryptocurrency exchanges globally. It offers a wide range of trading pairs, including TKN/USDT and TKN/BTC. Binance provides high liquidity, making it easy for users to buy and sell Monolith tokens.
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Huobi Global Huobi Global is another well-established exchange supporting Monolith (TKN). It offers robust security features, a user-friendly interface, and competitive trading fees. You can find TKN trading pairs such as TKN/ETH and TKN/USDT on Huobi.
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KuCoin KuCoin is known for its extensive list of supported cryptocurrencies and user-friendly platform. It provides trading pairs like TKN/BTC and TKN/ETH. KuCoin's platform also includes features like staking and lending, which can be beneficial for crypto enthusiasts.
Decentralized Exchanges
Decentralized exchanges (DEX) offer a more secure and private way to trade cryptocurrencies by allowing peer-to-peer transactions without intermediaries. Here are some DEX platforms where you can exchange Monolith (TKN):
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Uniswap Uniswap is one of the most popular decentralized exchanges built on the Ethereum blockchain. It allows users to trade TKN directly from their wallets without the need for a centralized authority. Liquidity pools on Uniswap ensure that trading is efficient and secure.
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SushiSwap SushiSwap is a fork of Uniswap with additional features such as yield farming and staking. It supports TKN trading pairs and offers a decentralized, community-driven platform for exchanging Monolith tokens.
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Balancer Balancer is an automated market maker (AMM) that provides flexible liquidity pools. Users can trade TKN on Balancer while also participating in liquidity provision to earn fees and rewards.
How to Buy Monolith (TKN)
Step-by-Step Guide
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Choose a Platform Select a suitable exchange from the options mentioned above, considering factors such as fees, liquidity, and ease of use.
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Create an Account If you're using a centralized exchange, you'll need to create an account. This typically involves providing some personal information and verifying your identity.
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Deposit Funds Deposit funds into your exchange account. This can be done using fiat currency (e.g., USD, EUR) or other cryptocurrencies (e.g., BTC, ETH).
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Buy TKN Navigate to the trading section of the platform and select the appropriate trading pair (e.g., TKN/USDT). Enter the amount of TKN you wish to purchase and execute the trade.
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Secure Your Tokens After purchasing TKN, it's advisable to transfer your tokens to a secure, non-custodial wallet to maintain control over your private keys.
Security Tips
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Enable Two-Factor Authentication (2FA) Always enable 2FA on your exchange account to add an extra layer of security.
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Use a Hardware Wallet For long-term storage, consider using a hardware wallet such as Ledger or Trezor. These wallets store your private keys offline, reducing the risk of hacks.
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Stay Informed Regularly update yourself on the latest security practices and potential threats in the cryptocurrency space.
The Future of Monolith (TKN)
Development and Roadmap
Monolith continues to evolve with ongoing development aimed at enhancing its ecosystem. Future updates may include additional DeFi integrations, improved wallet functionalities, and expanded global reach. Keeping an eye on Monolith's official announcements and roadmap can provide insights into upcoming features and improvements.
Community and Adoption
The success of Monolith depends significantly on community support and adoption. Engaging with the Monolith community through social media channels, forums, and participating in governance decisions can help shape the project's future. As more people adopt cryptocurrencies for everyday transactions, platforms like Monolith are poised to play a crucial role in bridging the gap between traditional finance and digital assets.
Conclusion
Exchanging Monolith (TKN) can be done on a variety of centralized and decentralized platforms, each offering unique features and benefits. By following the steps outlined in this guide and adhering to security best practices, you can confidently trade and hold Monolith tokens. As Monolith continues to innovate and expand its offerings, staying informed and engaged with the community will be key to maximizing your investment. Whether you're a seasoned crypto enthusiast or a newcomer, understanding where and how to exchange Monolith (TKN) is essential for navigating the evolving world of decentralized finance.
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29 companies
Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.
Coinbase is a leading digital currency platform and wallet where sellers and buyers can transact with new types of digital currencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The exchange was founded by Brian Armstrong and Fred Ehrsam in 2012 and is based in San Francisco, California. They focus on the US market, however, the company currently operates in 31 countries and offers storage of bitcoins in 190 countries around the world.
Altcoin Trader is a Centralized cryptocurrency exchange based in South Africa. The exchange was launched in 2014. Altcoin Trader has 20 available trading pairs and 21 coins. The exchange uses the Ordinary procedure for verification including two-step verification process and Know Your Customer (KYC) procedure. If you want to raise the account limits and minimize processing time you must go all the way, uploading ID card, proof of residence, etc.
BitLox is a hardware wallet. This means that you will use it to store your cryptocurrency private keys in a secure offline environment away from the risk posed by hackers. The company has been around since at least 2014 and is based in Hong Kong (BitLox Limited).
Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors.
But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account.
Coinbase Wallet was launched by Coinbase exchange for secure operations with coins and tokens. To use Coinbase Wallet, you don’t need to have an account with Coinbase exchange.
CoinEx exchange was established in 2017 in Hong Kong. The platform can be used as a low-cost exchange with a broad range of different coins. The main asset is Bitcoin cash. Moreover, there is information that this exchange is going to present its new coin soon. It might be called CoinEx Token. Besides, the developers of CoinEx can establish a special exchange with the decentralized system using CET as “gas”.
CoinPayments Wallet is a crypto wallet used for transactions and exchange of 100+ cryptocurrencies on iOS and Android devices. Due to its payment options, such as a Mobile Point of Sale, It is especially convenient for businesses.
Coin Wallet is a non-custodial multicurrency wallet for multiple platforms. It allows you to make payments in Bitcoin anywhere - from your phone or desktop computer - without hassle.
CoinSpot is one of the most popular cryptocurrency exchanges in Australia. The platform was founded in 2013 in Melbourne and it is one of Australia's earliest cryptocurrency exchanges. Its easy-to-use interface is like a breath of fresh air that shows other exchanges what to look up to.
The most difficult thing is to decide which cryptocurrency to buy and how much money to invest since CoinSpot truly has the most full list of crypto assets to trade. The process of buying and selling is actually very simple.
CoolWallet is a Bluetooth hardware wallet for managing Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, and ERC20 Tokens. It represents a cold storage wallet that can be used as the Android/Apple mobile app.
Eidoo is a decentralized light wallet supporting Bitcoin, Litecoin, Ethereum, and numerous ERC20 tokens. Moreover, the platform provides many other services including the cryptocurrency exchange, debit cards, etc. It was developed by an eponymous Swiss company and launched in 2017. One of the purposes named by the company is providing transparent, secure, and easy to use service for managing finance to Eidoo's customers. The company is aimed at keeping control over assets in the hands of customers.
Enjin mobile wallet was developed for handling multiple digital assets, such as BTC, ETH, BNB, LTC, as well as ERC-20, ERC-721, and ERC-1155 tokens. A user owns private keys and can restore access via a 12-word passphrase.
Gate.io was founded in 2013 by Lin Han. The platform is operated by Gate Technology Incorporated. This year, April 17, Gate.io managed to raise raised $64,000,000 as an initial coin offering (ICO), and according to exchange CMO Mrs. Marie Tatibouet on April 8, 2019, it raised an undisclosed amount of capital from 5 BLOCKS CAPITAL.
HelioWallet is a client-side tool that generates an Ethereum address and supports top hardware wallets. It does not require personal information and can be used anonymously.
Hotbit is one of the youngest exchanges opened in early 2018. The exchange does not work with fiat currencies. Hotbit has also adopted some advanced technologies such as GSLB, distributed server clusters, and storage. It goes with a high-speed memory-based trading engine all backed up in multiple machines, cold storage locations, and hot wallets with offline private keys.
Huobi is a cryptocurrency exchange founded in China in 2013. Currently, Huobi is based in Singapore because this country has friendlier cryptocurrency regulations. The company is registered in Seychelles. Before leaving China due to a cryptocurrency ban, the exchange was responsible for 90% of Bitcoin trading volume in this country. Now Huobi is an international platform with offices located in Singapore, Hong Kong, the United States, Japan, and Korea. In China, the company provides blockchain consulting services. Huobi has sub-exchanges: Huobi Korea, Huobi US, etc. Huobi Global is the biggest Huobi exchange. In November 2019 Huobi Global had to shut down all the accounts belonging to the US customers due to strict cryptocurrency regulations of the USA.
Jaxx was established in 2014 as a decentralized wallet, allowing its users to keep multiple coins in the same application. The founding company, Decentral is claimed to be the first large blockchain company from Canada. Currently, the wallet supports more than 80 popular coins and tokens.
Kraken was founded back in 2011 but was officially opened two years later. It is one of the oldest active cryptocurrency exchanges. Kraken provides efficient trading opportunities in numerous Fiat currencies. It is currently holding the world leadership in terms of Bitcoin to Euro trading volumes. The exchange supports both crypto and Fiat deposits as well as withdrawals.
KuCoin is a relatively new exchange that started to operate in the mid-2017. The team behind the project is claimed to be experienced in the blockchain research since 2013. KuCoin has more than a hundred coins listed as well as about 400 active Markets.