How to Buy CKB with a Credit or Debit Card Instantly?

CKB is the native cryptocurrency of the Nervos Network. It plays a crucial role in ensuring the smooth and secure operation of the blockchain, while also allowing network participants to pay transaction fees.

CKB acts as a "currency" for data storage on the Nervos Network. Owning 1 CKB grants users 1 byte of storage space on the blockchain. Simultaneously, a portion of the CKB paid for storage is allocated to miners who secure the network, thus incentivizing contributors to continue validating transactions and maintaining the blockchain's security. 

Crypto enthusiasts interested in obtaining CKB can acquire it on CEX.IO with a credit and debit card instantly, as well as through other convenient gateways. Learn more about Nervos Network, its native token CKB, and how to acquire it in the following lines. 

What is Nervos Network?

Nervos Network is a Layer 1 blockchain designed to provide a scalable and secure ecosystem for decentralized applications (dApps) and cryptocurrencies. To achieve this goal, Nervos separates a blockchain's storage and computation functions, aiming to improve scalability and flexibility. 

It consists of two main components: 

• Common Knowledge Base (CKB)
• Nervos Network Layer 2 solutions

Common Knowledge Base is a Layer 1 blockchain responsible for storing and securing the ledger of transactions. 

Like Polkadot (DOT), also available at CEX.IO, Nervos Network uses secondary layers. These Layer 2 blockchains are built on top of the CKB, with the aim to enable scalable and efficient transaction processing. These solutions can include different scaling techniques which potentially help in increasing the throughput and reducing transaction costs, like:

• Rollups
• Sidechains
• State channels 

What is the fastest way to obtain CKB on CEX.IO?

CEX.IO offers users a plethora of gateways to buy cryptocurrencies, including CKB. Eligible customers can acquire crypto almost instantaneously via Instant Buy, available through our web browser platform or a mobile app tailored for iOS and Android users. 

How to buy CKB on CEX.IO?

Purchasing CKB, as well as any other cryptocurrency listed on our exchange, requires customers to register and verify their accounts. This not only provides our members with a free crypto web wallet but also unlocks a vast sea of crypto-related features and services, allowing them to stake crypto and potentially earn passive rewards beyond trading. 

How to register on CEX.IO? 

Registering and verifying customer accounts typically takes under six (6) minutes to complete. Here are the steps to sign up with CEX.IO: 

1. Visit the CEX.IO website or download the CEX.IO App.
2. Click on the Create Your Account.
3. Choose your country of residence, enter your email, and create a strong password.
4. After confirming your age and agreeing to the terms and conditions, click Create Account.
5. Check your email for a verification message.

To comply with regulatory requirements (AML/KYC) and become eligible to buy, sell, store, and exchange crypto, including CKB, you'll need to verify your account. This procedure requires customers to upload the necessary documentation, including: 

• Government-issued ID
• Facial recognition
• Address information

Note: In addition to the documents mentioned above, our U.S.-based customers must provide their Social Security Number (SSN) to comply with regulatory requirements in their respective jurisdictions. 

Purchasing CKB with a credit or debit card

Once registered and verified, customers can seamlessly access Instant Buy, providing numerous pathways to acquire CKB. Here's how to obtain CKB with a credit and debit card: 

1. Log in and locate Instant Buy from the dashboard.
2. Select your preferred fiat currency you'll use for buying CKB.
3. From the dropdown list, pick CKB as the cryptocurrency you wish to purchase.
4. Determine the amount you're ready to spend acquiring CKB.
5. Choose a credit/debit card as the preferred payment method.
6. Enter your card details and click on Add Card.
7. Double-check all information to ensure your purchase runs smoothly and initiate the transaction.
8. Confirm the purchase by entering the one-time password (OTP) provided by your bank via SMS or email.

CKB will be reflected in your CEX.IO wallet after you've completed the purchase, and the transaction is verified by your card-issuing bank. This waiting period is standard and helps ensure the transaction is processed securely.

Upon receiving your CKB, eligible participants have the freedom to seamlessly send and receive crypto within their CEX.IO account and participate in various crypto-related activities, including staking, savings, and trading on our Spot Trading platform. 

FAQs

What alternative payment methods can I use to buy CKB? 

CEX.IO provides users with a variety of ways to buy cryptocurrencies. Customers can buy crypto with a prepaid card, offering a convenient way to buy CKB without linking their main bank account. In addition, eligible members can buy crypto with a bank account, e-wallets, and mobile payment processors. Availability of payment methods may vary depending on your location, so be sure to check CEX.IO for supported buying gateways in your jurisdiction before making a purchase.

What is a CEX.IO Crypto Card? 

CEX.IO Crypto Card empowers users to spend their cryptocurrencies effortlessly at millions of online and in-store merchants worldwide without geographical restrictions. The card potentially offers faster and more secure transactions compared to traditional banking methods.  

How to track CKB price? 

Curious participants can track the value of CKB through our live cryptocurrency charts, which offer insight into current market trends and potential purchasing opportunities. Alternatively, users can compare how CKB performs against traditional currencies like USD or stablecoins (USDT) via Spot Trading.