The core team has worked on decentralized identity since 2014 across companies such as Standard Chartered Bank, Bitmax exchange, EQIBank, and GSR.
The SelfKey wallet (SelfKey.org/selfkey-wallet) is a free, open-source, non-custodial wallet that allows users to securely store and transmit both digital assets, and their digital identity. Users can interact in the SelfKey marketplace - to ‘one-click’ apply for products such as a real-world bank account or company incorporation and pay with KEY.
A traditional KYC process is costly, and oftentimes unsafe - as data is stored in centralized databases. SelfKey leverages a decentralized approach and cryptographic technologies with the goal of dramatically lower the cost, improve the security, and customer experience of an identity interaction.
SelfKey aims to revolutionize the KYC on-boarding process and remain true to the ethos of Self Sovereign Identity - that each individual should be able to own and control their identity.
How to Buy KEY on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing KEY. Some reputable platforms include LBNK, Okx, Kraken, and others.
Step 2: Register an Account
Here, we'll register an account on the OKX (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing KEY.
Step 5: Purchase KEY
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of KEY you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy KEY.
Step 6: Store Your KEY
After purchasing, you can choose to store your KEY in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and KEY assets, be sure to use a strong password and enable two-factor authentication.
KEY Price:SelfKey is a blockchain-based identity platform. The technology provides individuals, companies, exchanges, fintech startups, and banks with a platform to manage identity data (typically KYC).The price fluctuates daily, and as of March 30, 2024, the highest price for KEY was $0.09031.
Recommended Similar Coins: LEET, GENO
Recommended Exchanges for Trading: LBNK、Okx、Kraken