Meme coins are an interesting breed.
You can frequently see them in the news (some lucky DEGEN got rich) or in Elon Musk’s tweets.
Many have a bad rep but not all meme coins are worthless “shitcoins”
This is the quickest way to buy Kuma Inu (for both US and NON-US residents).
How to Buy Kuma Inu (KUMA)?
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.
- Route 1 (CEX): We recommend Gate.io for NON-US residents as they do support fiat currencies as well as Kuma inu coin.
- Route 2 (DEX): To purchase ETH, we recommend Binance (NON-US residents only) and MEXC (US & NON-US).
Alternatives: You can use a non-custodial exchange like Changelly
STEP 2. Buy a Crypto Paired with Kuma Inu crypto
Kuma Inu (KUMA) is paired with USDT and WETH. Buy USDT if you want to use a centralized exchange (CEX) and ETH if you prefer a Decentralized exchange (DEX).
STEP 3. Buy Kuma coin in a supporting Exchange
We recommend Gate.IO (CEX) and UniSwap (DEX). If you are a US resident, Uniswap is your “only*” choice.
Note*: Kuma Inu is also listed on Hotbit, but we are not confident in the coin’s liquidity on that exchange.
STEP 4 (Bonus). Keep your Kuma Inu 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 Kuma Inu coin is Ellipal. Alternative options are SafePal and Ledger Nano X
NOTE: If you want a DETAILED description of the process. Keep on reading!
Where to buy Kuma Inu?
We recommend the following crypto exchanges:
Best NON-US CEX
Gate.IO
Payment Methods:
Credit/Debit Card, Bank Transfer (SEPA & SWIFT), P2P, ACH, Wire.
Fees:
Flat 0.20%
Account Minimum:
~$10 minimum
Best US CEX
MEXC Global*
Payment Methods:
Credit/Debit Card, Bank Transfer (SEPA & SWIFT), P2P, ACH, Wire.
Fees:
Flat 0.20%
Account Minimum:
~$1 minimum
Best DEX
Uniswap
Payment Methods:
NONE
Fees:
~0.30%
Account Minimum:
NONE (Wallet Needed)
*Note: MEXC (US & NON-US) does not support Kuma Inu coin directly. Use them to buy ETH and exchange it for KUMA token on UniSwap.
Kuma Inu is an interesting meme coin with a thriving ecosystem of over 25,000 holders. The Kuma DEX project using vAMM smart contracts is highly ambitious and can mitigate liquidity concerns that other decentralized exchanges have.
Here’s how to buy Kuma Inu (KUMA) in a nutshell. If you want a DETAILED, step-by-step guide, here’s what we’ll cover:
- 1. How to buy Kuma Inu Coin (in 3 DETAILED Steps – CEX & DEX Route)
- 2. Where to keep Kuma Inu Token SAFE (from human error and online hackers)
- 3. Kuma Inu Price Analysis
- 4. FAQs
1. Buy Kuma Inu In 3 DETAILED Steps
In this section, you will know EXACTLY (Step-by-Step) how and where to buy Kuma Inu coin (either if you are a US or Non-US resident we got you covered).
There are two routes you can take to purchase Kuma Inu:
- Route 1. Centralized exchanges (CEX): A Centralized cryptocurrency exchange is also called custodial because they hold the keys to your funds. It is more suitable for beginners as the UX is better and the process is simpler.
- Route 2. Decentralized Exchanges (DEX): Decentralized crypto exchanges are also called non-custodial because you hold the keys to your funds at all times. You will need a software or hardware wallet to connect to the exchange. It is a bit more complicated because the UX is still not there.
I will not leave any stone unturned (If you are new, DON’T WORRY!)
STEP 1 – Sign UP for GATE.IO
Gate.io is one of the world’s top ten cryptocurrency exchanges with over 1300 digital currencies and untapped altcoins. Gate.io is one of the oldest Chinese exchanges.
It was founded in 2013 and has gained a solid reputation for its services and strong security measures. It has decent platform fees (0.2%) with huge discounts and trading opportunities.
Gate.io offers products such as spot trading, leverage trading, leveraged ETF, futures trading, quantitative trading, staking, crypto loans, and liquidity mining. Due to recent changes in the regulatory climate in the United States, Gate.io no longer provides any services to the U.S or Canada.
To create a Gate.io account follow these steps:
Step 2. Register with your email address. Create a password. Input your country of residence and check “I certify that I am 18 years of age or older. Read and agree to the Gate.io User Agreement Privacy Policy” and click “Create Account.”
Step 3. You will receive an email to activate your account. Click on the link provided to activate your account and log in. You will be emailed a code; input it and you are in!
Step 4. It is recommended that you go through the KYC process to rise your limits as well as enable google authenticator. Click on “KYC Now.”
Step 5-6. Gate.io will encourage you to install Google Authenticator (TOTP). Select Google Authenticator and “click here” to enable Two-factor Authenticator.
To install 2FA, select the options on the screen; if you want to use the browser extension, add it to your browser here. Scan the QR code with your Google authenticator, then click “Send Email code.” Then enter your 6-digit Google authenticator code to enable two-factor authentication.
Step 7. At the bottom of your page click on “KYC Now” again and click on “Verify Now” (below individual). Enter your basic information, upload your ID and confirm it.
Step 8. Wait for an email saying “Your Gate.io account has passed KYC certification!” and you are set!
Note: It is suggested that you set a fund password to secure your assets while trading. Click Setup at the top of your screen, where it reads “please setup fund password.” As you can see, Gate.io’s security measures are excellent.
STEP 2 – Buy USDT on GATE.IO
Gate.io supports fiat-to-crypto transactions with a variety of payment methods: Credit/Debit Card for quick transactions, Bank Transfers (SEPA & SWIFT), Wire, and P2P with multiple options (Revolut, Wise, BBVA, Skrill, etc).
Step 1: Next to Gate.io logo hover over Buy Crypto and select Credit Card payment method for instant purchases.
Step 2: Enter your fiat currency amount in the Buy With Fiat Currencies box, and then pick USDT in the Currency Purchased box. Choose your selected service provider, check the disclaimer box, and then press the “Purchase” button.
Step 3: You will be taken to the service provider’s website, where you will enter your information and make the purchase.
Step 4: That’s it! You have purchased USDT!
STEP 3 – Kuma Inu (KUMA) coin on GATE.IO
Gate.io provides a trading platform for both beginners (standard) and experienced (professional) traders. If you are a beginner, the standard option will be easier to understand.
Step 1: At Gate.io exchange, hover over Trade > Spot Trading and select Standard
Step 2: On the search bar look for Sidus, and click on KUMA_USDT
Step 3: Below the chart is the Spot Trading panel with multiple order options (Limit Order, Grid Trading, and Time Condition).To purchase KUMA Token, first select the Last Price (the top number on the order book sell-side, in red).
Step 4: Then click the “down arrow” above the Buy (USDT – KUMA) button and enter the percentage of your USDT account balance that you are comfortable investing/trading. When you’re ready, press the “Buy button (USDT -> KUMA)” and “confirm your order.”
Note: Simply put, a Limit order allows you to place an order at a specific price or better to set better entries and take-profit targets. By selecting the last price (sell-side) in the Order Book, you are informing the broker that you will not pay a price greater than the last ask (offer) price.
Furthermore, because it is in the Order Book, you may be certain that someone is willing to sell KUMA at that price. However, because you have placed a limit order, if the order book finds a better (cheaper) price, your order will be executed at that price (as often happens).
If you want to use a decentralized exchange (DEX), the process is a little more complicated. DON’T Worry, we’ve broken everything down for you step by step below.
Uniswap
UniSwap is the most popular decentralized exchange native to the Ethereum Blockchain. It uses a trading model called automated liquidity protocol (instead of order books). On Uniswap, you can earn passive income 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).
Uniswap, 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 KUMA tokens are Ellipal Titan, SafePal, and Ledger Nano X (see Step 4).
I will teach you how to buy kuma inu on Metamask, one of the most popular software wallets. Remember to keep your coins safe with a cold (offline) wallet.
Step 0: To get started, please install the Metamask Wallet extension (Chrome Web Store); the iOS app (app store), or android app (google play). 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 ETH
It is time to buy ETH. You can use a non-custodial exchange like Changelly and follow this link to purchase ETH. 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 (Ethereum Mainnet). Easy, RIGHT?
Or you can sign up to MEXC or Binance (Non-US). To buy ETH, follow these steps:
- MEXC: Buy Crypto > third-party > enter fiat currency amount in the Pay box > Pick ETH in the Get box > Choose service provider > Press “Buy ETH” button.
- Binance: Go to buy crypto > click on debit/credit card > Select ETH (on receive box) > select fiat currency and amount > Add new card > click on continue
If you use MEXC or Binance please withdraw your ETH to your Metamask wallet. Follow the steps below:
- MEXC: Go to Overview (profile) > search for ETH > Click on Withdraw > Input Metamask wallet address > Withdrawal network (ERC20) > Choose amount > Click “Submit.”
- Binance: Go to wallet > fiat & spot > Next to BNB click on Withdraw > input metamask wallet > select Ethereum (ERC-20) > withdrawal amount > Click Withdraw
Tada! Your ETH is now ready to be traded into KUMA in your wallet!
STEP 3: Connect Metamask Wallet to UniSwap
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 Uniswap 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 Kuma inu on Uniswap
Step 1: Ensure you are on “Swap.”
STEP 2: Ensure Ethereum Mainnet is selected. You must add the token Kuma Inu (KUMA). On the initial screen go to import tokens. Enter the following addresses under the contract token address:
Kuma Inu (KUMA): 0x48c276e8d03813224bb1e55f953adb6d02fd3e02
When you click “add custom token” and “import token”, KUMA token will be displayed on your wallet.
Step 2: In the Swap Box, select ETH and search for KUMA. You will need to import KUMA (via coinmarketcap, ensure is the right token address). Click on “Import.”
Step 3: Enter the right amount of ETH you wish to swap for KUMA and click “Swap” then “confirm Swap”.
Voilà! Your Kuma Inu token just arrived on your Metamask Wallet!
Alternative Kuma Inu Exchanges
Hotbit
In terms of daily trading volume, it has grown to be one of the world’s largest and fastest-growing exchanges. Hotbit has one of the most diverse selections of altcoins, as well as products such as spot trading, interest deposits, and ETFs. Hotbit doesn’t offer services for US customers but does not prevent them from using it.
BKEX
BKEX is a global crypto exchange based in the British Virgin Islands. It was established in 2018. They offer fiat-to-crypto purchases, spot trading, derivatives, leveraged tokens, and staking services. The trading fees are in range of industry standards (0.15-0.20%). BKEX does not offer services for US investors.
Alternative Custodial Fiat-To-Crypto Exchanges (CEX)
BINANCE (NON-US)
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 account 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.
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 use a centralized exchange (CEX) like Gate.io, you will need to transfer that money to your custodial (exchange wallet).
If you want to use a DEX like Uniswap, however, 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 USDT (in case of CEX) or ETH (in case of DEX) follow the links below:
- USDT(TRX) Link (CEX)
- ETH Link (DEX)
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 USDT (in case of CEX) or ETH (in case of DEX) follow the links below:
- USDT(BSC) Link (CEX)
- ETH Link (DEX)
2. Keep KUMA 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 Kuma Inu 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 Wallets are non-custodial wallets (you hold your keys at all times) and are considered the safest option.
The best hardware wallets for Kuma Inu (KUMA) are:
ELLIPAL Titan
Type:
Hot (online) & Cold (Hardware)
Coins Supported: 40 Blockchains (10k+ Tokens)
Native Support*
Easy-to-Use UX
Air-gapped: 100% offline
Anti-Tamper: Physical and supply chain protection
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)
*Note: Ellipal Titan and SafePal support KUMA coin directly. If you prefer Ledger you must pair it with Metamask.
3. KUMA Coin Price Analysis
KUMA token was launched on Uniswap on the 12th of May 2021, raising ~$5.7M at a price of ~$0,0000000229 per KUMA. KUMA reached its ATH ($0,0000006073) on October 12th, 2021, which have netted an 26.51x ROI (+2,551.96%).
The crypto bear market has hit the price of Kuma inu strong. Is trading now at $0.00000001206 (30th Nov 2022), slightly below its public listing price. If you are into explosive meme coins with real value, this is a good price to place your entries.
Bear in mind that low caps (1M – 10M or 25 – 250 BTC market cap) are extremely volatile. None can predict the future (who says so is lying to you). Do not get cold feet by FOMO or go all-in on a project. Never invest money you can’t afford to lose.
4. FAQs
What Is Kuma Inu?
Kima Inu is a community-driven, DeFi meme coin project created by Shiba Inu ( $SHIB/$LEASH) developers. It consists of 4 pillars:
- Kuma Breeder (yield farming protocol): Kuma Breeder is a meme coin yield farming platform that runs on Ethereum mainnet (https://app.kumatoken.com). In Kuma Breeder distribution system you can deposit your meme coins and its native token KUMA to farm $dKuma tokens.
- Kuma DEX (vAMM decentralized exchange): KumaDEX is a decentralized system, vAMM (Virtual Automated Market Maker) that allows futures to gain exposure to derivatives for any assets on the market (while providing infinite on-chain liquidity).
- Kuma DEX DAO: Kuma Inu’s goal is to be a 100% fully decentralized community-driven project. To achieve it, Kuma Inu governance system uses two DAOs (decentralized autonomous organizations) with no founders and no team. Every member of the community is a project owner.
- Kuma NFT: The Kuma collections is an original work that raises the theme of movie, science fiction character with 1/1 hand drawn, unique, and iconable, also futuristic.
Where is Kuma Inu listed?
Kuma Inu will not be listed on Coinbase anytime soon. There are no plans to list it there. The best exchanges to buy Kuma Inu are Gate.io and Uniswap
Can I buy Kuma Inu on Binance?
No, Kuma Inu is not listed on Binance. The best exchanges to buy Kuma Inu are Gate.io and Uniswap. However, you can use Binance to purchase ETH and exchange it for KUMA on Uniswap.
How to buy Kuma Inu on Trust Wallet?
To buy Kuma Inu on trust wallet, first, download the trust wallet on your mobile, then buy ETH on a fiat-to-crypto exchange (Gate.io, MEXC Global, Changelly), and then send it to your trust wallet to swap it for Kuma on Uniswap Decentralized Exchange.
How much is Kuma Inu coin?
Currently (30th of November 2022), is trading at $0.00000001207. Check coinmarketcap for updates.
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). The author does not hold positions Kuma Inu (KUMA).
