How and Where to Buy PKT (PKT) – Detailed Guide
- What is PKT?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy USDT with fiat money
- Step 3: Transfer USDT to an Altcoin Exchange
- Step 4: Deposit USDT to exchange
- Step 5: Trade PKT
- Last Step: Store PKT securely in hardware wallets
- Other useful tools for trading PKT
- Frequently Asked Questions
- Latest News for PKT
- PKT Price Prediction and Price Movement
What is PKT?
What Is PKT Network (PKT)?
PKT Network (PKT) is the world’s first bandwidth-hard blockchain and a decentralized internet service provider (ISP). PKT leverages the open-source mesh networking protocol called cjdns to optimize traffic routing and offer free VPN. PKT enables network users to share access to the internet and monetize their unused bandwidth.
PKT blockchain is based on Bitcoin’s codebase, but substitutes Bitcoin’s SHA-256 hashing algorithm with PacketCrypt, the first ever bandwidth-hard proof-of-work. PKT blockchain was created to economically incentivize nodes to become PKT network’s internet service providers.
Together with its native mined coin PKT Cash, the project aims to demonopolize the global information space and allow users to access internet data with no restrictions from centralized intermediaries.
Serving as a reward for users who provide bandwidth for other nodes in the network, PKT Cash can be used to get VPN through Anode VPN, PKT's VPN marketplace, and subsequently to pay internet utility bills through PKT pal,PKT's bill pay service.
PacketCrypt and the PKT blockchain were both launched in August 2019. PKR coin went live in March 2022.
Who Are the Founders of PKT Network?
PKT Network’s (PKT) lead developer is Caleb James DeLisle, an expert in security analysis, cryptography, software development and internet routing. In 2011, Caleb started the cjdns project — the basis for the PKT Network. He is also the creator of CryptPad, a web-based real-time collaborative editing platform founded in 2014. Caleb graduated from the Franklin County Technical School with a degree in machine technology.
What Makes PKT Network Unique?
PKT Network’s (PKT) enables internet access without the use of traditional ISPs. Replacing centralized intermediaries with a peer-to-peer network of providers has the potential to solve the problem of internet surveillance and data collection from corporations, application developers and governments, according to the project.
Cjdns creates an encrypted IPv6 network using public-key cryptography for address allocation and a distributed hash table for routing. It is therefore able to provide near-zero-configuration networking, and solve multiple security and scalability issues that face the current design of the internet.
PKT is a high-speed data network that enables internet users to monetize their unused bandwidth. For every 60 seconds of maintaining connectivity, a user gets paid PKT Cash.
PKT operates in an entirely decentralized manner, powered only by the source technology and the economic incentive, according to the project.
The project claims that PKT Network is currently the fastest distributed edge network, offering over 100 gbps of bandwidth.
Network Steward is an address in the PKR Network that receives 20% of the PKT Cash from each newly mined block. It serves to support further development of the ecosystem in a way that serves the interests of every participant in the network. The Network Steward is democratically elected by the PKT holders via proof-of-stake vote and can be changed at any time.
Related Pages:
Look into Helium (HNT) — a decentralized blockchain-powered network for Internet of Things (IoT) devices
Check out NKN (NKN) — an open-source protocol for public blockchain-based peer-to-peer
Networks to share network bandwidth and Internet connectivity.
Find out more about Orchid (OXT) — a cryptocurrency-powered virtual private network (VPN).
How Many PKT Coins Are There in Circulation?
One PKT Cash coin is minted every 60 seconds.
The total of 6 billion coins will be minted over the next 63 years. Every 100 days, PKT conducts the decimation, reducing the block reward by 10%. The PKT coin circulating supply is currently set at 3.35 billion PKT.
How Is the PKT Network Secured?
PKT has developed the first bandwidth-hard proof-of-work consensus mechanism called PacketCrypt. Instead of employing SHA-256 hashing function, Packet crypt requests bandwidth to be expended in lieu of CPU effort.
When Will PKT Trading Begin?
PKT (PKT Network) first became available for sale in March 2022.
Where Can You Buy PKT?
PKT (PKT Network) is currently available for purchase on Bittrex in the PKT/USDT, PKT/BTC trading pairs and on BitMart in the PKT/USDT trading pair.
Cryptocurrency newbie? You can read more about how to enter the market and how to buy PKT or any other token in CoinMarketCap education portal — Alexandria.
PKT was first tradable on 1st May, 2021. It has a total supply of 6,000,000,000. As of right now PKT has a market capitalization of USD $14,851,557.69. The current price of PKT is $0.00248 and is ranked 1085 on Coinmarketcap and has recently surged 24.45 percent at the time of writing.
PKT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying USDT from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy PKT.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, USDT (USDT). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy USDT with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose USDT, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer USDT to an Altcoin Exchange
- BitMart
But we are not done yet, since PKT is an altcoin we need to transfer our USDT to an exchange that PKT can be traded, here we will use BitMart as our exchange. BitMart is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
BitMart is a crypto exchange from the Cayman Islands. It became available to the public in March 2018. BitMart has a truly impressive liquidity. At the time of the last update of this review (20 March 2020, right in the middle of the crisis with COVID-19), BitMart’s 24 hour trading volume was USD 1.8 billion. This amount placed BitMart on place no. 24 on Coinmarketcap’s the list of exchanges with the highest 24 hour trading volumes. Needless to say, if you start trading here, you will not have to worry about the order book being thin. Many exchanges does not allow investors from USA as customers. As far as we can tell, BitMart is not one of those exchanges. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit USDT to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'USDT address', this is a unique public address of your USDT wallet at BitMart and you can receive USDT by giving this address to the person to send you the funds. Since we are now transferring our previously bought USDT on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on USDT on the "From" field, choose the amount you wan to send and on the "To" field choose USDT under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to BitMart!
Now go back to BitMart and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the USDT network, during busy times it may take even longer.
You should receive a confirmation notification from BitMart once your USDT has arrived. And you are now finally ready to purchase PKT!
Step 5: Trade PKT
Go back to BitMart, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "USDT" is selected as we are trading USDT to altcoin pair. Click on it and type in "PKT", you should see PKT/USDT, select that pair and you should see a price chart of PKT/USDT in the middle of the page.
Below there is a box with a green button that says "Buy PKT", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your USDT deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy PKT". Voila! You have finally bought PKT!
Last Step: Store PKT securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your PKT for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy PKT with cash?
There is no direct way to buy PKT with cash. However, you can use marketplaces such as LocalBitcoins to first purchase USDT, and finish the rest of the steps by transferring your USDT to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy PKT in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy PKT or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.