Investing in cryptocurrency is not as complicated as it seems
Most guides simply give part of the answer and leave you hanging.
Since 2017, I have been investing and helping others to invest/trade in cryptocurrency.
In this guide, I will walk you through the process step-by-step (NO STONE UNTURNED!)
How to Buy KingSpeed (KSC)?
Want to jump straight to the answer? Here’s my 3-Step process:
- STEP 1: Choose a Fiat-to-crypto exchange
Sign up for an exchange that offers fiat-to-crypto purchases. We recommend Binance for Non-US residents and CEX.IO for US residents.
Alternatives: You can use a non-custodial exchange like Changelly.
- STEP 2: Buy a Crypto Paired with KingSpeed Crypto
KingSpeed (KSC) is paired with BUSD. You will need to purchase BNB to use the BNB Chain and BUSD to exchange it for KingSpeed (KSC).
- STEP 3: Buy KSC Crypto in a supporting Exchange
The only option to buy KSC is a decentralized exchange (PancakeSwap).
- STEP 4 (Bonus): Keep your KingSpeed Token safe
This step is often overlooked. “Not your keys, Not your coins.” Keeping your coins in an exchange is never wise (see the recent FTX collapse). The best hardware wallet for KSC is SafePal. Alternative options are Ledger NX and Trezor T.
NOTE: If you want a DETAILED description of the process. Keep on reading!
Where to Buy KingSpeed (KSC)?
We recommend the following crypto exchanges:
Best US CEX
CEX.IO*
Payment Methods:
Credit/Debit Card, Bank Transfer (SEPA & SWIFT),ACH, Skrill, Epay.
Fees:
0-0.25%
Account Minimum:
~$20 minimum
Best NON-US CEX
Binance*
Payment Methods:
Credit/Debit Card, Bank Transfer (SEPA & SWIFT), P2P, ACH, Wire.
Fees:
0.02% – 0.1%
Account Minimum:
varies by deposit method
Best DEX
PancakeSwap
Payment Methods:
NONE
Fees:
~0.25%
Account Minimum:
NONE (Wallet Needed)
Note*: CEX.IO and Binance don’t support KingSpeed directly. Use them to buy BNB (fees) and BUSD to trade it for KSC on pancakeswap.
KingSpeed (KSC) is a promising long-term investment. It has solid fundamentals, a strong team of blockchain developers, and backing from over 30 venture capital firms. Their ambitious plans could bring the first racing game to the Metaverse.
Here’s how to buy KingSpeed (KSC) in a nutshell. If you want a DETAILED, step-by-step guide, here’s what we’ll cover:
- 1. Buy KingSpeed token in 3 DETAILED Steps
- 2. STEP 4 (BONUS) – How to keep your KSC token safe
- 3. KingSpeed Price Analysis
- 4. FAQs
1. Buy KingSpeed Token in 3 DETAILED Steps
In this section, you will know EXACTLY (Step-by-Step) how and where to buy kingspeed.
I will not leave any stone unturned (If you are new, DON’T WORRY!)
Pancake Swap
PancakeSwap is a well-established decentralized exchange native to BNB Chain with competitive trading fees (0.25%). On PancakeSwap, you can earn passive income by depositing crypto into a liquidity pool (yield farming), provide liquidity to a DeFi protocol (liquidity mining), and pledging your coins to support a PoS blockchain (staking). PancakeSwap also offers an NFT marketplace.
PancakeSwap, unlike centralized exchanges (CEX), does not hold user funds. So, the first thing you’ll need is a cryptocurrency wallet.
There are two types of crypto wallets:
- Software (Online) Wallets: Software wallets are connected to the internet and are useful to move funds quickly. We recommend Metamask (browser) or Trust Wallet (mobile).
- Hardware (Offline) Wallets: Hardware wallets are the most secure way to store your coins and keep them away from hackers. The best hardware wallets for storing KSC tokens are SafePal, Ledger Nano X, and Trezor T (see Step 4).
We will go over the steps for Metamask, one of the most popular software wallets. Remember to keep your crypto assets safe with a cold (offline) hardware wallet.
Step 0: To get started, please install the Metamask Wallet for google chrome: chrome extension Link or mobile: iOS; Android. The application is completely free.
Step 1: Click on the app extension (fox symbol) first and click on “get started”
Step 2: Click on “Create a Wallet”
Step 3: Click on “No thanks” or “I agree.” This is all up to you.
Step 4: Create a password, confirm it, tick the box that says “I have read and agree to the Terms of Use” and click on “create.”
Step 5: Watch the video about your Secret Recovery Phrase and click on “next.”
Step 6: Securely back up your 12-word recovery phrase (seed phrase). Keep it safe on a password manager or old pen and paper as Metamask cannot recover this phrase for you. After that click on “next.”
Step 7: Confirm your secret recovery phrase (in order) and click on “confirm.”
Step 8: Congratulations! You are set!
STEP 2: Buy & Transfer BNB (and BUSD)
STEP 1: Once you’ve created a Metamask wallet, the next step is to add the BNB chain to Metamask. By default, you have the Ethereum Mainnet; click on it and then click the “add networks” button (copy the data exactly as you see below). Close the window and select the Smart Chain Network.
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
ChainID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com
STEP 2: After that, it is time to buy BNB. Ensure you buy more BNBs as some portion will go to fees to pay the network (BNB Chain).
You can use a non-custodial exchange like Changelly and follow this link to purchase BNB (BSC) and this one to buy BUSD. No KYC is needed, just your wallet address*.
*In Metamask, the wallet address is under your account name (initial page). Ensure you are on the right network (Smart Chain). Easy, RIGHT?
Or you can sign up to CEX.IO or Binance (Non-US).
- CEX.IO: Choose BNB > Select fiat currency and amount > Hit Buy > Add new Card > Click on Proceed.
- Binance: Go to buy crypto > click on debit/credit card > Select BNB (on receive box) > select fiat currency and amount > Add new card > click on continue
If you use CEX.IO or Binance please withdraw your BNB to your Metamask wallet. Follow the steps below:
- CEX.IO: Spot Trading > Select Finance > Search for BNB > Click on Withdraw > Input your BNB amount > enter your crypto wallet address > tick T&C’s > Click on Withdraw.
- Binance: Go to wallet > fiat & spot > Next to BNB click on Withdraw > input metamask wallet > select BSC (BEP20) > withdrawal amount > Click Withdraw
Tada! Your BNB is now ready to be traded into KSC in your wallet!
STEP 3: Connect Metamask Wallet to PancakeSwap
This step is crucial! Scammers use fake websites to steal your coins. Before connecting your wallet, make sure you’re on the official DEX website, or you risk losing your funds. Never share your seed phrases or private keys with anyone! Keep your coins safe with a cold/hardware wallet! You may potentially receive “spam tokens” in your wallet. Do not transact with such tokens, or you risk having your wallet compromised (aka hacked).
Connecting your Metamask Wallet to PancakeSwap is simple. Click on “Connect Wallet” in the upper right corner, then select Metamask Wallet from the list. Enter your Metmask password and unlock your wallet. Once you are in, select the account (s) to use on this site, click on “Next” and “Connect.”
STEP 4: How to Buy KingSpeed on PancakeSwap
Step 0: You must add the KingSpeed token to your Metamask. On the initial screen go to import tokens. Enter the following addresses under contract token address:
- Token contract address: 0x3ac0f8cecc1fb0ee6c2017a072d52e85b00c6694
When you click “add custom token” and “import token”, KSC token will be displayed on your wallet.
Step 1: Hover over Trade on the left side and select “Swap.”
Step 2: In the swap box, select BUSD and look for KSC. You will need to import KingSpeed crypto (via coinmarketcap, ensure is the right token address). Click on “Import.”
Step 3: Search for BUSD and KSC. Enter the right amount of BNB you wish to swap for KSC and click “Swap.” Then confirm “Swap.”
Voilà! Your KSC just arrived on your Metamask Wallet!
STEP 1 – Sign UP for Binance
Binance, founded in 2017 by Chinese-Canadian developer Changpeng Zhao, has grown to become one of the most popular and leading cryptocurrency exchanges in the industry. It is regarded among the top ten in terms of trust and trade volume, and it provides services in over 140 countries around the world (not including the US).
Binance offers a wide selection of cryptocurrencies (over 387 coins and over 1590 trading pairs) and low trading fees (spot trading fees start at 0.1%).
Binance provides fiat-to-crypto services (card, bank transfer, P2P, and more), as well as spot, margin, futures, staking, liquidity farming, and other services. Binance is a relatively safe, versatile way to invest in and trade crypto.
To create a Binance account follow these steps:
Step 2: You can sign up using your phone or email, as well as your Google or Apple accounts. We’ll sign up using our email address.
Step 3: Go to your sign-up email and copy and paste the email verification code you received.
Step 4: Due to regulations in different countries, Binance has strengthened its identity verification process. Click on “Verify Now” and follow the steps. You will need a government-issued ID, pass facial recognition and, upload your proof of address. It might take up to 10 days to get approved.
Step 5: We recommend that once accepted, you go to security (under profile) and enable Two-Factor Authentication (2FA).
That’s it, you are in!
STEP 2 – Buy BNB & BUSD on Binance
Binance supports fiat-to-crypto purchases with a variety of payment methods: Credit/Debit Card for quick transactions, Bank Transfers (SEPA & SWIFT), P2P, and others like Revolut.
Step 1: Next to Binance logo hover over Buy Crypto and click on Debit/Credit card
Step 2: On receive box, select BNB and choose your fiat currency (USD, EUR, GBP, etc). Then click “continue.”
Step 3: Add your credit/debit card and click on continue, then check that your details are correct and confirm the transaction.
Step 4: Repeat the Steps for BUSD
Note: The easiest way to fund your account is using a credit/debit card, however, you can also use the Bank deposit option to purchase BNB by bank transfer (it might take several days).
Note: After you finish with these steps get back to PancakeSwap tab
STEP 1 – Sign UP For CEX.IO
CEX.io is a new addition to the list of US-compliant cryptocurrency exchanges. CEX.IO was founded in London in 2014 and supports a large number of cryptocurrencies. CEX.IO has a reputation for good customer service (4.7/5 on trust pilot) and smooth user experience. Also provides competitive trading fees (0.25%).
CEX.IO provides instant fiat-to-crypto transfers via credit card, debit card, cash deposit (SEPA), ACH, and wire transfers. As well as two trading platforms aimed at beginners and seasoned traders. Identity verification (KYC) is required, however, the process is straightforward and verification happens practically instantly.
To create a CEX.IO account follow these steps:
Step 2: Fill in your personal information and click “create your account.”
Step 3: You will receive a verification email and code. You can either click on “confirm email” or enter the code to verify your email.
Step 4: Read the terms of use and click on “accept”
Step 5: You will see a welcoming message that says your current limit is 0. Click on “increase limit” (level 1) to be able to deposit $3,000 and withdraw $10,000 daily.
Step 6: Now you will need to go through the KYC first level to increase your limit. Fill in your country of residence information (including Social Security Number for US residents), phone number (confirm by SMS code) and submit a document to prove your identity.
Note: You can extend your limit even higher ($10,000 daily) by showing proof of address (Level 2).
Step 7: Done! You will get a confirmation email of successful verification within an hour (it is actually less than an hour, in our case, it was 10-15 minutes).
STEP 2 – Buy BNB on CEX.IO
CEX.IO supports fiat-to-crypto exchanges with a variety of payment options: Credit/Debit cards for quick transactions, Bank Transfers (SEPA & SWIFT), ACH, and even Skrill and Epay.
Step 1: Next to the CEX.IO logo hover over products and select “instant buy” from the menu. Alternatively, just click here and be redirected to the right page.
Step 2: Choose BNB from the menu in the buy inbox. Then in the inbox, select your fiat currency, input your amount, and hit “Buy.”
Step 3: Select Payment Method (by clicking +Add New Card) or make a deposit first for more options such as domestic bank transfer, international bank transfer, skrill, and epay. Click on “Proceed.”
Step 4: Repeat the steps for BUSD
Note: You can add more payment methods (domestic bank transfer, international bank transfer, skrill, and Epay) by first making a deposit (upper right corner button).
Then, follow the same steps above or use the Trade page to place a market or limit order. This alternative is cheaper but slower, whereas the instant buy option allows you to make an instant purchase.
Note: After you finish with these steps get back to PancakeSwap tab
Custodial Fiat-To-Crypto Exchanges (CEX)
A custodial exchange is a centralized exchange that stores and manages your private keys on your behalf. These are alternative fiat-to-crypto options you can use in case you have some issues with the ones presented in the previous sections.
BITMART (US & NON-US)
BitMart is a global cryptocurrency exchange that allows customers in 180+ countries (including the United States) to trade over 1,000 digital currencies and pairs.
BitMart, founded in 2017, offers fiat-to-crypto payments, staking, margin trading, futures, and NFTs. BitMart charges a flat 0.25% fee regardless if you are a maker or taker. KYC Level 1 is required for fiat-to-crypto purchases and Level 2 is needed for trading.
Non-Custodial Fiat-to-Crypto Exchanges
Another option is to use a non-custodial exchange (the exchange does not hold your private key or “password”).
If you want to use a DEX like PancakeSwap you will need a cryptocurrency wallet (non-custodial wallet) like Metamask to access your funds.
This method requires no registration or KYC and is usually more convenient, but slightly more expensive.
Changelly
Changelly is a popular and well-established fiat-to-crypto exchange with the mission of making the exchange process simple for everyone. Changelly has been in operation since 2015 and provides the ability to buy crypto with fiat currency as well as exchange Bitcoin and 200+ altcoins in a fast, simple and secure way. Changelly does not require any registration/KYC.
To buy BNB and BUSD follow the links below:
ChangeNow
ChangeNow is a popular and well-established non-custodial service created for simple and fast cryptocurrency exchanges. ChangeNow has been in operation since 2017 and provides the ability to buy crypto with fiat money as well as exchange more than 350 coins without any limits. ChangeNow does not require any registration or KYC.
To buy BNB and BUSD follow the links below:
2. Keep your KingSpeed Token SAFE
Have you heard about Lehman Brothers, Celsius, Voyager, and BlockFi?
What about the most recent? FTX exchange collapse (the next “big short movie?”)
We are talking about people losing retirement savings. People losing pensions. People losing homes. People losing health. People losing faith. People going bankrupt.
Crypto was invented to mitigate these risks (counterparty risk).
Centralized Exchanges (CEX) are the most convenient option for newcomers, but they are also the least secure for keeping your coins safe (you are injecting counterparty risk).
Centralized solutions suffer from corruption, mismanagement, censorship, and fragility (target for both hackers and government litigations).
There is a mantra in the crypto world: “Not your keys, Not your coins.”
Once you’ve bought your KingSpeed crypto from the chosen exchange, be sure to transfer it to your personal crypto wallet. The safest option is a cold/hardware wallet.
What is a cold/hardware wallet?
A cold/hardware wallet is a physical device or object that does not have an internet connection. A cold wallet stores the keys offline (hacker-proof). Cold/Hardware Wallets are non-custodial wallets (you hold your keys at all times) and are considered the safest option.
The best hardware wallets for KingSpeed (KSC) are:
SafePal
Type:
Hot (online) & Cold (Hardware)
Coins Supported: 54 Blockchains (30k+ Tokens)
Native Support*
User-friendly UX
Air-gapped: 100% offline
Cross-Platform: Mobile, Web Browser + Hardware
Ledger NANO X
Type:
Cold (Hardware Wallet)
Coins Supported:
5,500+ Tokens
Up to 100 apps
High Reputation
Bluetooth Connection
Cross-Platform: IOS & Android, Desktop (W, OS, L)
Trezor T
Type:
Cold (Hardware Wallet)
Coins Supported: 1800+ Tok
Unlimited Apps & Wallets
High Reputation
Shamir Backup: Safe from theft or destruction.
Cross-Platform: Browser, Desktop (W, OS, L)
*Note: SafePal supports KSC directly. If you prefer Ledger or Trezor, you must pair it with Metamask.
3. KingSpeed Price Analysis
KingSpeed Inc crypto has raised a grand total of ~$1.5M in their private and public (IDO) rounds in 2021. KingSpeed reached its ATH (~$1.37) on PancakeSwap DexTools on the day of its launch which would have netted an 27.4x ROI (+2,640%) from its IDO price ($0.05).
However, the current crypto bear market has taken a considerable toll on the KSC price, which has dropped to $0.003 (November 2022) and $718 trading volume, much below its IDO and private sale pricing.
If you like car games and believe in this project, this is an ideal price to start accumulating positions; not even the partners could get it that cheap.
Please bear in mind that micro caps ($0-$1M or 0-25BTC market cap) such as LUS are extremely volatile. None can predict the future (who says so is lying to you). Never invest money that you can’t afford to lose.
4. FAQS
What is KingSpeed (KSC)?
KingSpeed is an NFT Free-to-Play and Play-to-earn Car Racing game powered by the Binance SmartChain (BNB Chain).
In the KingSpeed universe, players use NFT cars and other unique items such as Drivers, Gears, and Land Tracks to compete and earn rewards in multiple game modes and activities. Also, they plan to develop the first metaverse racing game.
How Can I Stake KingSpeed Crystal (KSC)?
You can stake KSC at https://staking.kingspeed.io/ to earn rewards and lootboxs with unique NFTs. You can select from four packages: Silver, Gold, Ruby, and Diamond with different time durations (7, 30,90, or 180 days).
How Much Does it Cost to Get Started in KingSpeed?
You are free to join KingSpeed, its free-to-play mechanism allows anyone to play without investing significant sums of money to obtain NFTs at the start.
Any player can claim and operate a simple and generic NFT car (Wind) with basic stats as premium NFTs but with fewer features. If you want to put money into it, you can rent a car or NFTs first and test it out.
The information provided in this guide is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor before investing or trading securities and cryptocurrencies). You are solely responsible for your investment decisions. The author does not hold positions in KingSpeed (KSC).
