Where to buy Skycoin (SKY) crypto coin
The Skycoin coin is hard to purchase, owing to a lack of trading platforms that offer it. The two exchanges offer 4 pairs. All the details about, including last project news, price prediction and fees read below.
Where to buy Skycoin
Step 1You need an account with a cryptocurrency exchange that supports Skycoin crypto. All of them listed on our site. Register it, if you don't already have it or login with your credentials.
Exchanges
Step 2
Transfer or buy with peer-to-peer trading one of this coins: ETH, BTC, LTC or INR.
Step 3Go to spot on exchange and type the token name in search line. Choose between available trading pairs, then set order and push Buy SKY button.
Congratulations!
Once you click buy, the Sky crypto will be deposited in your account on the trading platform. Please be advised that just moving your coins from exchange to separate hardware wallet like Trezor T or Ledger, you can improve protection of your finances. Not only does this reduce your risk if your cryptocurrency exchange of choice gets hacked, but if you pick offline hardware wallet, your Skycoin cryptocurrency becomes almost unbreakable. Only downside is, usually have to pay a small withdrawal fee to move your coins off of the exchange.
What is Skycoin
The Skycoin Platform is the most advanced blockchain platform in the world. Developed by early contributors to both Bitcoin and Ethereum, Skycoin’s platform is completely secure, infinitely scalable, and ISP independent. It uses its own specific distributed consensus algorithm, called Obelisk, instead of other commonly used algorithms like proof of work (POW) and proof of stake (POS). Obelisk uses the concept of ‘web of trust dynamics’ which distributes influence over the network and makes consensus decisions depending upon the influence score of each node. Each node subscribes to a select number of other network nodes, and the density of a node’s network of subscribers determines its influence on the network. Skycoin is very fast
Video Review
What Is Skycoin? - A Skycoin Primer
Statistics and Externals
Term of hashing algorithms not applicable to Skycoin cryptocurrency. The genesis challenge was started on 2nd April 2015.
Price and supply
The current total supply is 100 millions, with a circulating supply of 22172069 SKY as of Nov 2024. The max supply in the lifetime of the Skycoin is 25000000.
The price of Sky is $0.021633242618 as of 05:42 PM. The price change on 0.9851% over the past 24 hours. The recent price action left the token's market capitalization at 2.3 millions united states dollars. Thus far previous 30 days, the Sky token went up on 1.12%.
FAQ
What crypto exchange can I buy Skycoin coin?
Sky coin can be purchased from 2 trading platforms. The list includes: BitBNS and FinexBox.
Is Skycoin a good investment?
The Skycoin crypto is a risky asset that has strong potential to fall. Because of high volatility of all crypto industry you bear in mind: any cryptocurrency has a possibility price to crash to zero, learn the risks before you start trading and unexpected changes in market can lead to sharp and sudden moves in price. The another side of that investing in cryptocurrencies is potentially extremely profitable.
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About the author
Qayyum Rajan, CFA is a fintech entrepreneur with multiple exits. He started his startup and blockchain career in 2017 building software to automate securities issuance on Ethereum, and never stopped building.
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