How to buy your first Bitcoin?

It is difficult to stay indifferent to the rising popularity of Bitcoin and cryptocurrencies in general. So if you are bored with waiting for Bitcoin to pop out of your fridge and you have decided to face the unknown, this article is the first step on the rocky road leading to a wallet full of crypto benefits. 

How to buy your first Bitcoin? 

And does it really have to be a whole Bitcoin? It so happens that it does not and that is good news. Otherwise buying cryptocurrency would be out of reach for the average Joe. Mind you that even today, when Bitcoin is suffering drops in value, it is still worth much above PLN 100,000. Luckily, we have already established that for starters you can buy only a part of a Bitcoin, which can be separated into (what seems a mere trifle) a hundred million units! One Bitcoin unit is called satoshi, named after the founder Stasoshi Nakamoto. It means no more, no less that you can start your adventure with Bitcoin from a “penny”.  

Now that you know buying cryptocurrencies does not have to ruin your wallet, the question remains: where can I buy it and how? 

An easy way to buy a Bitcoin 

There are at least a few ways to buy a Bitcoin (on the exchange, in a stationary exchange office for cash, in an online exchange platform or by mining). Today, however, we will discuss the most popular – buying Bitcoin on a trading exchange. 

Buying a Bitcoin on a Kanga Exchange 

The term cryptocurrency exchange apparently sounds like something with a high level of complexity, but trust me, it is not. You can set up your Kanga account just by providing an email and you are actually not very far from becoming an entitled trader ;). To buy a Bitcoin you need to have some funds with which you will pay for it and at Kanga it is very simple – the funds can either be other cryptocurrencies or fiat money (e.g. zloties). Remember that when trading fiat money the AML Act obliges us to ask about your personal details as part of the KYC procedure. It is, however, worth noticing that you can deposit zloties to your Kanga account not only through a bank transfer, but also… by buying it in a stationary exchange office. How can that be? It is very simple. In the stationary exchange office (using cash!) you buy omegaPLN, that is our stablecoin, which is calculated on a 1:1 basis to PLN. You can read more on transactions in an exchange office on

SWAP – a quick exchange of cryptocurrencies

You have surely come across the concept of SWAP. In this article the mechanism itself and its relation to cryptocurrencies will be explained.

SWAP – what is that?

Wikipedia defines swap as ‘an agreement between two counterparties to exchange financial instruments or cashflows or payments for a certain time’.

I am looking to define SWAP a little more precisely.

The easiest way to explain the mechanism itself is to analyze what’s going on in the stock exchange. Currency SWAP is an agreement between a bank and its client, where parties are obliged to exchange a specific amount expressed in one currency for its equivalent in another currency. For instance, Polish zlotys for American dollars. However, after the expiry of the time specified in the contract, the parties are to make a return exchange.

SWAP can also be used for speculation- help use earn means by exchanging one currency to another. Of course the risk of loss is involved if, after a certain amount of time, for example in the case of the early termination of the contract, the re-exchange rate will be unfavorable to us.

SWAP at the blockchain level

SWAP on cryptocurrency market occurs when a given digital currency project decides to change the blockchain it is currently based on to a different network. So the blockchain is replaced. This phenomenon occurs most often when the creators of a given token or cryptocurrency decide that the original assumptions about blockchain do not work, e.g. the network turns out to be too slow in operation or often clogs up. Then they transfer their assets to another chain.

SWAP centralized

SWAP on a centralized exchange such as Kanga Exchange is a quick exchange of one cryptocurrency for another. In this case, it doesn’t matter what blockchain the cryptocurrency is on. It is essential that it is listed on the stock exchange. There does not have to be a direct market on it (e.g. you do not see the oPLN / oEUR pair), because the SWAP mechanism will find intermediate markets (e.g. BTC / oEUR and BTC / oPLN) and will make the appropriate background exchange.

Thanks to this mechanism, the lack of a market is not a problem – it is enough that there will be an intermediate market on the stock exchange. Then the SWAP mechanism will automatically make the transaction in the background, and it will present you the final effect of the desired exchange.

SWAP in few steps

How does SWAP work? Let’s check that using our stock exchange as an example.

First step is to pick the currency on the left (the one you have) and on the right (the one you wish to exchange to). Then you find out how much currency X you will get for currency Y.

Now the only thing you have to do is to click on the ‘SWAP’ button.

As you can see, the exchange is fairly simple. No charts or order book.

Cryptocurrency market is gaining popularity day by day. As a result, Fintech companies race to provide simple, clear solutions for their users. SWAP is one of them, even though its source lies in pretty complicated centralised exchange systems, like Uniswap or Sushiswap. It gives our users new possibilities- like buying popular cryptocurrencies (ex. BTC/ETH), purchasing stablecoins (ex. oPLN/oEUR) and buying tokens (ex. BEN/oPLN).

Jacek Walewski on behalf of Kanga Exchange

Read more about SWAP

Passive income with KNG tokens!

Investing in tokens can seem risky, if we are not familiar with token economics of the project. Well prepared token project can bring benefits to the creators and buyers alike. What should we pay attention to before investing? Most importantly, token’s value (current and past), what the token represents and what its liquidity is. Basic assumptions of KNG tokens are described here. From this article you will learn what is KNG token used for, as well as how you can earn using it.

Application of KNG token

Few types of tokens are functioning on the market- stock tokens, loan tokens or utility tokens. Tokens can be emitted for a person (personal tokens) or for a subject- a project, a company or even an object (ex. work of art). For instance BNB token (Binance) or KCS token (Kucoin) are utility stock exchange tokens. What is KNG then? It is also an utility stock exchange token and the main way of payment in its ecosystem. Kanga Exchange, advertised by the slogan: More than en exchange,  gives us the possibility of exchanging means through stationary exchange offices, selling articles through a payment gateway, service of personal tokenization through Mosaico platform, primary and secondary emission of stock shares as cryptocurrencies, personal tokenization through Sapiency app, and much more. All delivered goods are paid for with KNG tokens.

How does conversion to KNG takes place?

Kanga Exchange has created an automatic converter, which charges the provision fee for given services in the optimal currency. This is how it works: you follow bitcoin prices and believe this is the best moment to buy. You place a purchase order, finalized with a succes. The exchange charges you with provision fee expressed in oPLN, and for the seller- in BTC. This fee is automatically converted at KNG/oPLN and KNG/BTC stock markets . This process looks similar for any other service. For example, while buying cryptocurrency in stationary exchange offices, zlotys are immediately converted to crypto-zlotys and automatically charged with provision fee, which, expressed as a commission, is placed on KNG/oPLN stock market.

Which mechanisms are responsible for KNG liquidity?

There were times when the only thing you had to do, was to offer bitcoins on the free market with a Bitcoin Stock Exchange tag, and add information about new crypto currency from time to time- it was all an exchange business needed to flourish. Creating BTC during an economic crisis was not an accident- it increased cryptocurrencies’ worth for a long time. Today, after two speculative bubble bursts on cryptocurrency market, investors are much more careful and demanding. That’s why Kanga Exchange not only answers the question of how to buy bitcoin, but also offers many services and investment opportunities. Investing in KNG tokens is one of them. The value of a stock token is based on the law of supply and demand determined by liquidity. We already described the utility and conversion of KNG token, which is the mechanism of automatic demand. That means, that not only individuals buy KNG tokens, but also the exchange itself, automatically converting KNG from three different markets: KNG/oPLN, KNG/BTC and KNG/ETH. The emitted amount is 21 000 000 KNG. It is an ERC20 token, and more of its parameters can be easily seen at etherscan. Despite the limited amount of KNG tokens, the team has also blocked releasing all tokens at the same time, breaking down this process over a few years. According to the laws of economy, increasing the value of the token is forced by limited supply. That’s not all. Through the mechanism of PoS (Proof of Stake), the system of the market assigns daily prizes to users that stake KNGs. The profit is a proportional part of trading gain, shared between all PoS KNG users, which can be illustrated by the equation below:

PoS profit = charges in KNG * KNG staked on PoS / all KNG in PoS

It’s both an incentive and a reward for investors for limiting the supply, which leads to direct increase in KNG token worth. Now the PoS is around 18% APY. Team insists that all future market services will be paid for in KNGs, which is a good sign for investing in this stock market token. Additional liquidity increasing mechanism is listing the token on decentralised exchange markets such as UniSwap oraz SushiSwap. Alongside with developing the utility of cryptocurrency networks the network fees are increasing, which seems to be a great impediment for small exchange markets. Kanga Exchange found its solution to this problem as well, adapting Polygon(Matic) network to decrease fees for the users. Additionally, it affects the KNG liquidity and shows that the creators do not stop developing. I imagine that continuous increment of Kanga Exchange services will determine the increase in the purchase of KNG from the stock market. On the other hand, the growing popularity will limit the supply of KNG tokens, because of the desire to realize passive PoS income.

Roman Majewski on behalf of the Kanga Exchange

Exchange wallets – an opportunity or a risk for the user?

Stock exchange wallets – an opportunity or a risk for the user?

Every novice user faces the dilemma of choosing a wallet for their cryptocurrencies: which wallet is safe? Which one is easy to use? Often one issue excludes the other, so it is worth allocating time for analysis and a well-thought-out decision – after all, it is all about our money!

How does a cryptocurrency wallet work?

The task of the cryptocurrency wallet is to store funds and access the blockchain on which all network transactions are recorded. By setting up such a wallet, we get access through a private key, which is used to transfer funds. Remember – do not share your private keys with third parties, because according to the rule: “Not your keys, not your coins” you will lose access to your cryptocurrencies!

Along with creating a wallet, you are also assigned a public key that is used to accept payments. You use this key securely, because it does not give you access to your wallet in any way.

Types of cryptocurrency wallets

We can distinguish several basic types of wallets: paper, hardware, software, stock.

Paper wallets

From a security point of view, paper wallets or brain wallets are perceived best. In simple terms, they consist in creating a wallet with the help of a program by generating a private key, to be printed or saved as special keywords. Such a wallet can be created using the GitHub repository, where you can download a script that generates the wallet. Examples may also be Electrum, ArmoryMycelium. In addition to security, the advantages of such wallets are the trouble-free acceptance of payments and the fact that fees are subject to the network (i.e. they depend on its load, not on the exchange). However, what can cause frustration are difficulties in sending funds and handling the wallet itself. In addition, you cannot recover funds in the event of loss of your private key and there is no option to change the transmission network.

Hardware wallets

Another, much more convenient type of wallets are hardware wallets. The most popular in this category are Ledger and Trezor, which outdo each other in making it easier for users to operate. It is also worth noting that the private key remains in the hands of the owner. Such a wallet is stored on a device resembling a larger USB flash drive and is most often connected to a computer via USB. Equipped with a special chip, it allows access to the blockchain network and protects against access to the private key. You connect it to your computer only while the transaction is confirmed, so your funds are not available to hackers. A stolen or lost wallet is recoverable thanks to keywords that can be written on sheets of paper stored in different places around the home, or remembered. In addition to security and the ability to recover the wallet after loss, the advantages of such wallets are: easier handling and the fact that fees are subject to the network. However, there are also weaknesses – you need to have your wallet with you to approve the transaction and you cannot recover funds after losing your device and keywords. In addition, with such a wallet, you partially entrust the security of your cryptocurrencies to its creators and you also cannot change the transmission network.

Software wallets

The wallets described above are the so-called “cold wallet”, i.e. wallets that store user funds in an offline form. Their opposite are “hot wallets”, i.e. those that have access to the network, such as MetamaskMyEtherWalletExodus. Private keys are secured by the device on which the wallet is installed (e.g. laptop, smartphone), so there is a greater risk of hackers accessing your cryptocurrencies. Nevertheless, the ease of using this type of wallet is much greater than the previous ones. In addition, you can secure funds using hardware wallets (those in the form of the so-called pendrive) – e.g. integrate Ledger z MetaMask. This will make it easier for you to use and view the wallet, and only when sending funds you will have to confirm the transaction on the hardware wallet. An additional advantage of software wallets, as in the previous ones, is the fact that the fees are subject to the network. However, it is also worth paying attention to the risks, incl. security which depends on you as a user, if the device and keywords are lost, you will not recover your wallet, it is not possible to change the transmission network.

Stock exchange wallets

There is notoriety around stock exchange wallets and they are considered the least secure. It is ironic that until now all banking institutions are such central points in managing the wallets of fiat currencies of citizens, and yet we entrust them with our money. Of course, this is a question of regulation and trust. Nevertheless, from the point of view of a centralized solution, it does not differ much. In addition to centralization, reluctance to exchange wallets may also result from historical events – hacker attacks, bankruptcy of exchanges, frauds, thefts, and unlawful management of users’ capital. In addition, fees are against this, which are usually higher on the exchange than in the case of transmission between wallets (this is due to the mechanism of charging fees via the network – the exchange has to pay an average of three transactions in the network for one user transaction).

In addition to the many risks associated with keeping funds on the stock exchange, there are also many benefits. The stock exchange wallet is generated by creating an account on the stock exchange, so you can quickly and seamlessly deposit and withdraw funds between your accounts. Such a wallet is easy to use thanks to its friendly interface. You don’t need to have any device with you to deposit and withdraw cryptocurrencies. You can take care of the security of your funds by setting a complicated account password and additionally enable two-factor authentication.

Unfortunately, the private keys will not be yours, which means that the funds deposited on such a wallet do not belong to you. From a technical point of view, this has its advantages – someone more experienced (we assume) is responsible for the security of our private keys, we have the option of recovering our account after losing the password, and some exchanges (including Kanga Exchange) allow internal transfers for free or with micropayments. An additional benefit is the transfer of cryptocurrencies between networks. What does it mean? Ethereum sent over the ERC20 network is not the same Ethereum sent over the BSC network. Having ETH on the hardware wallet in the ERC20 network, we will not transfer it to the BSC network. However, it is possible from the position of the stock exchange (if the stock exchange supports the network data).

The biggest advantage of storing cryptocurrencies on exchanges is the ability to multiply your capital. For example, the Kanga Exchange, thanks to the Proof of Stake mechanism, offers a profit of 11-18% per year! The KNG, COP, oPLN or SD1 tokens are subject to this mechanism and each of them represents a different type of capital multiplication. For the sake of simplicity, we will look at the oPLN stablecoin (omega PLN). In order to earn on Polish zlotys, which lose their purchasing power while on bank accounts or deposits, they must be transferred to the stock exchange and deposited into a special “PoS liquidity PLN” account. Currently, profits are growing around 11% per annum, with the award being paid out daily. Where is it coming from? Kanga Exchange has the largest partner network of cryptocurrency exchange offices in Poland. To enable such a large network to smoothly trade in cash, it uses the funds of users who have deposited their zloty on PoS, in return for which it multiplies their capital. What about security? Kanga’s CEO, Sławek Zawadzki, declared that they do not use user funds – he considers it extremely immoral. He guarantees the inviolability of funds by the team thanks to appropriate internal procedures ensuring that there are no single entities that could decide about it. Hackers? Imagine the combination of the first of these wallets, which is a security feature in stock management. It is an effective security option against online hacking and access to deposited funds of users. It is also worth paying attention to the Kanga Exchange business model, which has been approved by the KNF. In view of the above, it can be safely concluded that in the case of some exchanges the security is at such a level that there is no reason to fear the loss of funds held on the exchange.

Choosing the type of wallet is not an easy task, especially for beginner cryptocurrency holders. On the one hand, we care about the security of cryptocurrency storage and the ease of use of the system, on the other – we would like not to think about passwords and private keys. We do not like the fact that a centralized body (cryptocurrency exchange) holds our funds, but at the same time we are happy to help us regain lost access to the account. How to find the golden mean? Analyze each type of portfolio and take advantage of several options thus diversifying your risks.

Roman Majewski on behalf of the Kanga Exchange

Pay with cryptocurrencies wherever you want! Kanga Payment Gateway

The (im)practical use of cryptocurrencies

One of the main challenges of cryptocurrencies is the lack of practical use in everyday payments. The most common use of virtual currencies is speculation (“I will risk it, and maybe I will earn a lot?”) And sending funds to another person (e.g. abroad), who will convert them at home into local fiat currency. Currently, it may seem that bitcoin will never meet the qualities of money such as acceptability (e.g. payment for coffee in a coffee shop) and convenience (complications related to the time required to obtain the appropriate number of confirmations in the blockchain network and the need to download its address from the seller). The case is similar with personal tokens – it is difficult to imagine (even if you are a supporter of this form of tokenization) the state in which people begin to give up fiat payments in favor of token payments.

How to pay with cryptocurrencies thanks to a payment gateway?

Bearing in mind the presented difficulties, we have prepared a solution in the form of a payment gateway. It is a tool that can accept payments in any cryptocurrency listed on the Kanga Exchange and FIATs and automatically convert it to one that suits the seller (e.g. PLN). All this takes place in the blink of an eye, so it is almost imperceptible to both seller and buyer. Each online store can implement such a gate and thus expand the group of its customers to those who would like to pay with cryptocurrencies for their purchases. If you are interested in such a solution, please write to us at:

Payment gateway to be used in tokenization

If you have become tokenized and would like to accept settlements in your token, you can use our payment gateway. It is enough for the contractor to easily configure our gateway and then pay with the currency of his choice, and you will receive tokens. We encourage you to watch the movie where it was discussed in detail (here).

Payment gateway integrated with is an intermediary in online purchases using cryptocurrencies for both individual clients and companies. If you already have an account on and want to make such a transaction, just follow these three simple steps:

  1. Enter the website, paste the link to the product you want to buy and enter its price and country of delivery,
  2. Check the purchase offer that you will receive by e-mail within a few minutes and click on the link in the e-mail,
  3. Pay for the product with a selected cryptocurrency by selecting the Kanga Exchange payment gateway. You have the following currencies: oPLN, BTC, ETH, oEUR, BTCV, USDT, or USDC.

Then all you have to do is wait for delivery! What if you don’t have a account yet? Just create it here by clicking the “join” button in the upper right corner of the page:

and follow the steps described below. After creating an account, you top up your wallet with funds, and then proceed to shopping in accordance with the steps described above.

Why is choosing Kanga gate worthwhile?

As a consumer – first of all, you do not have to sell cryptocurrencies by exchanging them for FIAT currencies – you can immediately shop in any online store. For example, you can choose the ETH currency and not pay for GAS at all! In addition, negotiates the price with sellers, and sellers at the same time give discounts to customers with cryptocurrency wallets. Thanks to this, the commission for the transaction is almost imperceptible to the buyer! As an entrepreneur with an online store, you can also gain a lot – people who prefer cryptocurrency payments will join the group of your customers, and you open a new sales channel.

Thus – join the group of people contributing to the adoption of cryptocurrencies in everyday life and enjoy the payment gateway!

KNG token – Kanga Exchange utility token

Stock exchange tokens are tokens usually used to increase stock market turnover and to obtain financing. One of such tokens worth attention is the KNG token.

KNG token – how did it all start?

The official part of IEO Kanga Exchange started on November 11th, 2019. Earlier, several investment rounds took place, during which invited investors could buy KNG tokens and shares in the parent company of the entire project. As a result, only 1,000,000 tokens are currently available for sale. Until March 1, 2021, it was only possible to buy KNG. On March 1, 2021, the market for our token was opened, which means that to this day it can be freely bought and sold on the Kanga Exchange, Uniswap and Sushiswap. To see the video of the grand opening click here.

What is the KNG token?

KNG is a utility token used to settle operations on Kanga Exchange. These are not only operations on the stock exchange – we provide a number of other services to the market, including cryptocurrency exchange service in stationary exchange offices, IEO platform for tokenization, payment gateways, loans secured by cryptocurrencies, billing systems facilitating settlements in cryptocurrencies. All fees for using these services are collected in the KNG token and it is the only means of payment accepted by Kanga.

Features of the KNG token

So, if someone wants to use the stock exchange, does he have to come into the possession of KNG beforehand? Fortunately not, as this would be detrimental to the entire project. The answer to this question results from the features of the KNG token, which are:

  • almost unlimited liquidity,
  • automatic interchangeability.

When an operation is performed in Kanga Exchange, the fee is charged in the client’s currency and then automatically converted to KNG. For example, when a user is charged a commission in BTC, then an order to buy KNG appears on the KNG / BTC market at the market price for the BTC amount charged. KNG tokens are characterized by many other properties: their supply is limited, they are divisible, according to the ERC-20 protocol, etc., but we will write more about them in the next articles.