Kanga Exchange

Kanga Exchange is a dynamically developing system of tools and FinTech services designed to encourage and facilitate widespread adoption of cryptocurrencies in everyday life. Kanga's fundamental field of operations is the cryptocurrency exchange which was launched in September 2018.

Since then we have been steadily advancing - the package of services provided by Kanga has expanded to include such tools as a wallet for keeping your crypto assets (a Kanga Wallet mobile app), cryptocurrency exchange offices (physical and on-line), a payment gateway, profitable Proof of Stake system, an IEO platform and much more.

Show me a person who has not heard about concepts such as bitcoin, blockchain or at least cryptocurrency these days. It can easily be assumed that whether you are interested in the world of cryptocurrency or not, you are still aware that something that used to lurk in the dark corners of the Internet has eventually found its way to the headlines of the biggest news portals today. However, the cryptocurrency revolution is not only about Bitcoin and the exchange, but also about many other related financial services and tools which enable you to understand, even if you do not hold a PhD in rocket science, what they are all about and use them with peace of mind. The physical Kanga exchange offices are just the type of service.

They were designed in such a way to give the user the feeling of control and security on every step of their journey. Have you ever used a 6 digit-code (ex. BLIK) to make your payment? If you have, then you will be familiar with our system.

Our exchange offices use a similar verification mechanism for transactions! If you haven't, not all is lost yet - the process is straightforward and designed in a simplistic manner so that you will have no trouble understanding.

So then, what's the story? How do you use a cryptocurrency exchange office?Let us imagine that you are already done with the first step - setting up an account at Kanga Exchange without KYC. Now, let's suppose you have gone a bit further and you even have a Kanga Wallet app installed. If our assumptions are correct, then the only thing left to do is go to a Kanga partner exchange office (you will find the list of partner exchange offices at kangakantor.pl). At this moment we have more than 250 physical exchange offices dispersed around Poland!

Once inside, the exchange office operator will assist you in determining whether you wish to buy or sell cryptocurrency. The operator will share with you the exchange rate and commission, which you can always try to negotiate (what a thrill if you succeed!). The operator will then ask you to provide a code which will initialize the transaction. You can generate the code either on your online account (the 'Exchange offices' tab on the webpage) or in your Kanga Wallet app. Once you give them the code the system will ask you to confirm the conditions of the transaction (you will see them on your screen) and... that's it!

Now, if you are buying cryptocurrency, the equivalent value of the money transferred to the operator will appear in your Kanga wallet. You can access your wallet through the app or on the website. However, if you wish to sell cryptocurrency, then you will have to first top your wallet up with Bitcoin or another cryptocurrency of your choice. It is worth noting that in Kanga exchange offices you can also buy or sell other types of cryptocurrencies, like ETH, USDT and LINK and many more.

Instant SWAP - what is that?

The easiest way to explain the mechanism itself is to analyze what's going on in the currency exchange market. 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 a cryptocurrency market occurs when a given digital currency project decides to change the blockchain it is currently based on to a different network. Here, the blockchain is replaced. This event 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. They then transfer their assets to another chain.

What is the KNG token?

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

How does conversion to KNG take 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, the order is successfully processed. The exchange charges you with provision fee expressed in OPLN, and for the seller- in BTC. This fee is automatically converted at the KNG/oPLN and KNG/BTC markets . This process looks similar for any other service. For example, while buying cryptocurrency in physical 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 market.

Check your Kanga Exchange wallet balances. Withdraw and deposit assets. Instantly buy or sell Bitcoin and Ethereum for cash at physical exchange locations. Manage your Proof-of-Stake account and earn KNG tokens.

Kanga Wallet is the official mobile app of Kanga Exchange—a cryptocurrency exchange featuring a wide variety of digital assets, including personal tokens. The app allows Kanga Exchange users to:

• securely access their accounts,
• monitor account balances,
• withdraw and deposit cryptocurrency,
• buy or sell cryptocurrency at physical
• manage their Proof-of-Stake deposits.