SKALE Network has made waves for being one of the first Ethereum scaling solutions to offer zero and near-zero transaction processing and infinite transaction processing speeds. It addresses the key challenges facing the largest smart contract platform, in a move that is expected to help it onboard many developers and ignite a price run for SKL tokens.
It also integrates emerging technologies, particularly Web 3. We must also observe that SKALE network is relatively new but has maintained a positive uptrend despite the 2021 volatile market crashes and the contracting crypto economy in the first half of 2022.
This resilience has seen it attract investor interest and list with a number of leading crypto exchanges. You too might be looking to buy SKL tokens but aren’t sure of the best place to buy the altcoin.
In this guide, we will tell you where to buy SKALE network. We will also introduce you to the different ways to buy SKALE network, tell you if SKALE Network is worth buying, and provide you with a step-by-step guide on how to buy the altcoin.
Let us dive right in.
How To Buy Skale Network (SKL) – Quick Guide
Want to jump straight to buying SKALE network tokens? Follow this simple guide that teaches you how to buy SKL tokens on eToro with as little as $10.
- Step 1: Open an eToro Account – Start by creating a user account on eToro by completing the user registration form provided and verifying your identity. The process is straightforward and takes less than 10 minutes.
- Step 2: Fund Your Account – You will now need to deposit cash into the approved eToro trader account. The exchange presents you with a wide range of payment options - based on your country of residence and the minimum deposit limit for UK and US residents is $10.
- Step 3: Buy Skale Network (SKL) – Search for SKALE tokens from the list of cryptocurrencies supported on eToro and tap on the “BUY” option. Customize the trade and hit “Open Trade” to authorize the purchase.
That’s it! By following these easy steps, you can buy Skale Network in less than 10 minutes.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Are you new to crypto trading or haven’t interacted with the eToro crypto exchange before? Read on and we will provide you with a comprehensive guide to buying Sake Networks further below.
Where To Buy SKALE Network (SKL) In 2022
We have already mentioned that growing investor interest in SKALE Network and a sustained positive uptrend has attracted the attention of key exchanges.
While this is encouraging as it boosts the altcoin's accessibility and - in most cases - its liquidity, it complicates the choice of the best place to buy SKALE Network. To help you get started with SKL investing, however, we introduce you to what we consider the three top exchanges to buy SKALE Network:
1. eToro - Overall Best Place to Buy SKALE Network (SKL) in 2022
eToro tops the list of where to buy SKALE Network in 2022 because of its user-friendliness and transparency in trading costs. When buying SKALE Network tokens on eToro, you get to interact with one of the most intuitive user interfaces. It appeals to both experienced and novice traders. This intuitiveness starts with a quick and straightforward account opening process.
It then extends to low minimum deposits - as low as $10 for UK and US residents. It is also characterized by a resource-rich trading platform - featuring buy guides for beginners and advanced trading tools for expert traders. Further, eToro also maintains some of the fastest order execution speeds, which alongside its adequate liquidity make the exchange appealing to active traders.
eToro’s user-friendliness then culminates with the integration of social and copy trading tools. The social trading arm facilitates interactions between platform users and mentorship for beginner traders. Copy-trading, on the other hand, lets beginner SKALE Network investors earn by copying the trade settings of expert traders. And for each copied trade, the popular investor earns a commission of 20% from the profits made.
When buying SKL tokens on eToro, you will only have to part with 1% of the trading volume as trading fees.
Other factors that make eToro one of the best places to buy SKALE Network tokens include the fact that it provides investors with free custodial and non-custodial wallets. Moreover, the exchange is easily accessible - available in 100+ countries and territories. Lastly, eToro makes it to the index of where to buy SKALE Network in 2022 because it is a highly reputable and multi-regulated crypto exchange.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Crypto.com - Best Place to Buy SKALE Network (SKL) for High Deposit Maximums
Crypto.com makes it to our list of where to buy SKALE Network tokens in 2022 because of its support for high deposit limits. Unlike most other crypto exchanges, Crypto.com lets its platform users deposit and withdraw as much as $10 Million via bank. Other supported payment options on the platform include credit cards, debit cards, and select eWallets.
In addition to high deposits, Crypto.com makes it to the list of best places to buy SKALE Network because of its intuitive trading platform. It, too, maintains a quick and straightforward account opening process with affordable deposit minimums of $20. It is also deeply liquid and has consistently featured among the most liquid exchanges in the world.
Crypto.com also maintains some of the fastest order execution speeds - averaging 3 milliseconds. Not forgetting that it supports a large number of crypto assets - which translates to a growing number of SKL trading pairs. And all these have endeared the exchange to active traders - especially day traders.
We also feature Crypto.com on the list of where to buy SKALE Network tokens in 2022 because it maintains highly competitive trading fees. Here, SKL traders get to pay a maker/taker fee of between 0.4% and 0.1% - based on their 30-day trading volume. And if you had staked 5000 CRO (Cronos) coins on the platform, you qualify for a 10% discount on fees.
Other reasons why you too should consider buying SKALE Network tokens on Crypto.com include the fact that it integrates staking and lending programs. These let you earn up to 14.56% p.a. interest on staked cryptos and borrow up to 50% of your borrowed funds. Crypto.com is also a multi-platform exchange - available as a web trader and on a mobile app - and like equally popular exchanges, it provides all its platform users with a free ultra-safe digital wallet.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Binance - Best Place to Buy SKALE Network (SKL) at Low Prices
Binance makes to our list of where to buy SKALE Network tokens because of its competitive crypto trading fees. When buying SKL on Binance, for example, you will only pay a maker/taker fee of between 0.1% and 0.04% - based on your 30-day trade volume on the exchange. And if you choose to settle the transaction cost using BNB coins - you qualify for a 25% discount on the fee.
It also makes it here because it is the most popular and most accessible crypto exchange - available in all crypto-friendly countries and territories of the world. It is also one of the best places to buy SKL tokens because it is the most liquid crypto exchange - processing trades worth more than $80 Billion daily.
Binance also features a highly intuitive trading platform with an easily navigable user interface- appealing to both novice and expert crypto investors. Here crypto traders get to interact with some of the fastest order execution speeds. They also get to interact with the widest range of cryptocurrencies and SKALE Network trading pairs. Plus, they get to access some of the most advanced crypto trading tools - which could explain why Binance appeals to active traders.
You too should consider buying SKALE Network tokens here because Binance operates a $1 Billion insurance scheme for its platform users. It also presents its platform users with both custodial and non-custodial digital wallets. Binance is also multi-platform - available both as a mobile app and web trader.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
What Is SKALE Network (SKL)?
SKALE Network is an open-sourced Web3 blockchain network. It is designed with the aim of introducing scalability to the Ethereum network and hopes to achieve this by boosting the number of transactions that can be processed on the network and the transaction processing time while keeping the gas fees at a minimum. It also claims to be among the first ETH scaling solutions to offer zero and near-zero transaction processing fees. And it intends to achieve all of these without compromising the network’s security.
SKALE Network was founded by Jack O’Holleran and Stan Kladko and launched in 2020. It stands out from other ETH-scaling solutions because it is biased towards Web3 apps and programs. We must also observe that SKL is particularly aimed at improving both the security and decentralization of these ETH-based programs.
Is SKALE Network (SKL) A Good Investment?
Well, the majority of crypto analysts and investors are convinced that SKALE Network token prices will sustain their current uptrend and race to new heights soon. Given that it is still relatively new, they are confident that it still is massively undervalued and that any upward price correction has been inhibited by the contracting crypto market.
Still looking for more reasons to buy SKALE Network tokens in 2022? here are a few:
Reasons To Buy SKALE Network (SKL)
- Potential for future substantial gains: SKALE Network is a relatively new cryptocurrency with massive potential for upside gains primarily because it targets the fast-expanding Ethereum network.
- Partnerships/collaborations: Moving forward, we expect the SKALE Network to enter into collaborations with multiple on- and off-chain brands looking to build on Ethereum via the SKL platform. This effectively raises the demand and price for SKL tokens.
- Upcoming ETH 2.0 will give it a boost: The upcoming Ethereum 2.0 upgrade is expected to draw in a lot of individual investors and brands, most of who will prefer onboarding the ETH network through the SKALE Network. This is expected to catapult SKL token prices to record highs.
- Recovering crypto market: By buying SKALE Network at the current dip, you are setting yourself up for potentially incredible gains in the near future when the crypto market starts recovering and SKL price corrects upwards.
Risks To Buying SKALE Network
- Speculative investment: SKALE Network, like all other cryptocurrencies, is massively volatile and operates in a highly unpredictable market environment. Only buy SKL if you can stomach these volatilities.
- Stiff competition: SKALE Network faces stiff competition from other ETH-scaling solutions like Polygon and Ethereum killers like Solana and Cardano.
SKALE Network (SKL) Price
SKALE Network was introduced to the public via an ICO in September 2020 with each SKL token selling for you $0.03. By the time it hit the crypto markets in early December, the scaling solution was already up by more than 250% - having broken above $0.08.
SKALE Network was warmly welcomed into the crypto market and within the first 72 hours of trading, SKL token prices were up by more than 175%. Its launch coincided with the early 2021 crypto market rally and in the first week of February 2021, SKL token prices broke above $0.3 for the first time. The spirited uptrend continued and in mid-March, the altcoin set its current all-time high of $1.20.
Further value gain was, however, inhibited by the mid-May crypto market crash. By July, SKL token prices had plummeted to $0.2. And though it attempted a rebound during the late 2021 mini-market rally, it failed to break above $0.5. The ongoing market contraction has aggravated its value loss and SKL token prices have since dipped below $0.1 - losing more than 90% of its all-time high.
SKALE Network (SKL) Price Prediction
Moving forward, the SKALE Network token prices are expected to rebound and target new heights. And some of the factors expected to inspire its value gains include a recovering crypto market, rising adoption of blockchain technology, collaborations with other brands, and rising investor interest in the altcoin.
The majority of analysts are confident that it will begin its recovery in the next few months and expect it to end the year trading around $0.15.
In the next five years, both the fundamentals and technical, indicate that it will have recaptured its 2021 highs and raced further up to reach $1.50.
Most analysts are however confident that SKALE Networks' big break will come in the last half of the decade. By 2030, for instance, technical analysts at TechNewsLeader are convinced that the SKL token will have rallied by more than 7500% to break above $3.
Don't Miss: SKALE Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ways To Buy SKALE Network (SKL)
Crypto exchanges are always coming up with new ways of buying SKALE Network and other cryptos on their platform. This explains why most of these trading platforms are always integrating new payment options.
Today, the majority of exchanges will let you buy SKALE Networks with debit cards, credit cards, PayPal, bank wire transfers, ACH checks, Apple Pay, Google Pay, Skrill, Neteller, SOFORT, etc.
In this section, though, we look at the three most popular ways of buying SKALE Networks in 2022:
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How to Buy SKALE Network With Credit Cards and Debit Cards
Cards are one of the most convenient online payment options. This then explains why a growing number of crypto exchanges will let you buy SKALE Network with credit cards and debit cards. The cards are preferred to such other payment options as banks because debit/credit deposits are almost instantaneous and most trading platforms do not charge a deposit-processing fee.
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How to Buy SKALE Network With PayPal
You could also choose to buy SKALE Network with PayPal. But since PayPal doesn’t process direct SKL token purchases yet, you will have to work with a crypto exchange that supports PayPal deposits e.g. eToro. As is the case with cards, PayPal deposits are preferred to banks because payment processing is instantaneous and exchanges do not maintain a deposit-processing fee.
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How to Buy SKALE Network With Bank
The majority of crypto exchanges - including the three we have discussed above - will let you buy SKALE Network with a bank wire transfer. After all, it is the most accessible payment method in the world. It is also preferred because most exchanges welcome relatively high bank deposit limits - as much as $10 Million for Crypto.com.
The only downside to buying SKALE Network with a bank is that deposits take days before reflecting in your crypto trader account. At eToro, for example, it takes between 3 and 8 business days. Additionally, most exchanges maintain relatively high minimum deposit limits for banks - as much as $500 for eToro in some jurisdictions.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Best SKALE Network (SKL) Wallet
There are two primary types of wallets available to SKL traders and investors.
First are the online wallet which includes the third-party online digital wallets and others provided by the different crypto trading platforms. These store the private keys for your SKALE Network tokens either in third-party servers or encrypts them and deliver them to the root storage of your phone or PC.
Then there are the more reliable and more secure hardware wallets that store the private keys for your crypto assets offline. We do not recommend the use of online wallets and neither do we recommend leaving your cryptos in an exchange. Rather, we are always encouraging our readers to invest in a reliable hardware wallet that gives them absolute custody and control over their coins.
How To Buy SKALE Network (SKL) For Beginners - Step By Step Guide
Here is the more detailed guide to buying SKALE Network tokens on the all-popular eToro crypto trading platform:
Step 1: Register a crypto trader account with eToro
On your browser, open the official eToro website and on the top right corner, tap on the “Join Now” icon. A registration form will pop up. Complete it by entering such basic personal information as your name, phone number, email address, country of residence, trading experience, and sources of income.
Step 2: Verify identity
eToro is a regulated crypto exchange and will, therefore, require all its platform users to verify their identity before they can start trading on the platform. Simply upload a copy of your I.D., Driver’s license, or passport.
Note: You will be notified via email when your eToro crypto trader account is approved.
Step 3: Deposit funds
Log in to your approved eToro trader account and on the user dashboard, tap on the “Deposit” icon. This will reveal a funding tab that shows you all the payment options available to you - based on your country of residence. Choose one and follow the prompts to complete the fund's transfer process.
Step 4: Search for SKALE Network
Once the funds reflect in your account, click on the “Discover” icon on the user dashboard then choose “Crypto” from the list of supported asset classes. Use the search button to find the SKALE network or simply look it up on the list of digital currencies supported on eToro.
Step 5: Buy SKALE Network
Tap on the “BUY” button against the SKALE Network and a trading tab will pop up. Customize the trade by indicating the number of SKL tokens you wish to buy or the amount of fiat cash you wish to spend on SKL tokens.
Note: The private keys for the just purchased SKALE Network tokens will be delivered to the exchange-provided custodial wallet. However, you are free to move them to the equally free but non-custodial eToro mobile wallet app, a third-party online wallet/exchange, or the more secure hardware wallet.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Sell SKALE Network (SKL)
It is simple. Start by logging back in to eToro or the crypto exchange where you purchased the SKALE Network tokens and open a sell order. This could be a market order or a limit order.
You open a market order when you wish to dispose of the SKL tokens immediately and at the prevailing market prices. But if you want a better bargain for the tokens, open a limit order that lets you set a custom price for these digital assets. In this case, the SKALE Networks tokens will only be sold if the sale conditions are met.
Conclusion - Where To Buy SKALE Network (SKL)
There goes everything you need to know about where to buy SKALE Network. We have not only introduced you to the best places to buy SKL tokens but also looked at whether SKALE Network is worth buying.
We have also told you about the different ways of buying SKL tokens today and provided a step-by-step guide on how to buy the altcoins on the all-popular eToro crypto exchange.
Want to add SKALE Network to your crypto portfolio? Simply follow the buying guide that we have discussed hereinabove to get started.
eToro – The Best Place To Buy Skale Network
Open an account with eToro, deposit some funds with USD, and finally – buy SKALE from just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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FAQs About Where To Buy SKALE Network
What will SKALE Network be worth in 2022?
We cannot tell with utmost accuracy what SKALE Network tokens will be worth in 2022. But our analysis indicates that they will have begun recovery and will most likely be selling for around $0.11.
Is SKALE Network worth buying?
Yes SKALE Network is worth buying because it has a massively promising future and there is a high chance it will be worth more in the next few months or years than its current price.
Where can I buy SKALE Network tokens?
Crypto exchanges are warming up to the SKALE Network and most have listed it on their platforms. But we recommend buying SKL tokens on eToro, Coinbase, or Binance.
How do I buy SKALE Network tokens in a crypto exchange?
Start by creating a crypto trader account on your preferred exchange. Next, deposit funds to the account after it has been approved. Lastly, find SKL on the platform and tap on the BUY option.