Did you know that Klaytn is the #1 blockchain platform in South Korea? Kakao, Korea’s biggest mobile developer, founded a subsidiary GroundX, which developed this chain in 2019. The token promises to tackle the global market and expand worldwide, so is now the right to swap KLAY to MATIC?
That’s a good question that we’ll try to answer in this guide. After all, Polygon is among the top ten cryptocurrencies at the moment, so acquiring this token doesn’t seem like a bad investment. Here are the top swapping options and all the important details about this trading pair!
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Godex
Godex established itself as a user favorite among anonymous crypto exchanges and for good reasons. For starters, you don’t need to register or provide personal data, so you stay incognito during the entire process, and that’s the basic idea of the crypto market.
You don’t have to worry about losing money due to market price fluctuation, as Godex keeps the exchange rate fixed for a certain time. The platform supports all major coins, such as BTC, ETH, and XRP, as well as about 300 other tokens, including KLAY and MATIC. No limits exist on the number of trades or the amount of tokens you can swap, giving you complete freedom in this regard.
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Swapika
Swapika is another exchange with no sign-up required, which means you can visit the site and head into the exchange process immediately. The platform promises to finalize most swaps in five minutes, but that will depend on the coin’s network and other details.
You can trade over 700 different currencies on Swapika, ranging from BTC and altcoins like BNB to stablecoins like USDT. The support is available 24/7, which is convenient if you have any questions. Swapika’s team has years of experience in the industry, and that helped them create a user-friendly platform with a simple exchange process.
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StealthEx
StealthEx features a simple website layout, which is great since it’s easy to navigate and perform the desired swap. As a non-custodial exchange, it never gets access to your funds, and there’s no need to register an account or provide personal data.
You’ll find over 700 assets on StealthEx, including MATIC and KLAY. You don’t have to worry about trading limits on this platform, and if you want to swap crypto on mobile phones, the exchange has a free Android app. It’s also possible to purchase crypto, with over ten fiat currencies supported by the platform.
What Is So Special About the KLAY to MATIC Trading Pair?
Klaytn can serve enterprises but also meet gaming-related and other metaverse needs. The specific thing about this network is that it features BApps or blockchain apps. It doesn’t make the developer use the app on Klaytn’s Service Chains, and it’s even possible for centralized software to communicate with this network to benefit from its security and transparency.
KLAY entered the market in 2019, and it took a couple of years to reach its all-time high, which arrived in April 2021. At that point, the token’s value was $4.38, but that’s nowhere near compared to today’s worth of around $0.18. KLAY’s market cap is $575 million, while there are over three billion coins in circulation at this point. The total supply is 5.75 billion KLAY tokens, so the coin still isn’t near it.
As for Polygon, it has kept its position among the top ten coins, with a market cap exceeding $8.2 billion. MATIC has a total supply of ten billion tokens, with almost 93% in circulation at the moment. The token’s worth is $0.88, and it showed a positive trend in the last couple of months.
Polygon does a good job of resolving some of Ethereum’s scalability problems. Coinbase and Binance both support this Layer-2 scaling solution, which can achieve up to 65,000 transactions per second. MATIC still doesn’t support any basechains apart from Ethereum but has ambitious plans for the future.
Summing Up
At first glance, you can’t deny that Polygon is already delivering what the network initially promised. It operates on the Ethereum blockchain while resolving its scalability and other performance issues. Its success is best seen in the fact that MATIC has been in the top 15 tokens for years.
Klaytn is a newer network and one that enjoys a good reputation in South Korea but still needs to be accepted worldwide. It’s why converting KLAY tokens to Polygon might be a good idea at this point, as you’ll obtain coins that rank higher in the crypto world. That doesn’t mean you should do this with every crypto. For example, read the WAX vs MATIC comparison before you go ahead with this exchange, and remember the decision is ultimately up to you.
Online Threat Alerts Security Tips
Pay the safest way
Credit cards are the safest way to pay for online purchases because you can dispute the charges if you never get the goods or services or if the offer was misrepresented. Federal law limits your liability to $50 if someone makes unauthorized charges to your account, and most credit card issuers will remove them completely if you report the problem promptly.
Guard your personal information
In any transaction you conduct, make sure to check with your state or local consumer protection agency and the Better Business Bureau (BBB) to see if the seller, charity, company, or organization is credible. Be especially wary if the entity is unfamiliar to you. Always call the number found on a website’s contact information to make sure the number legitimately belongs to the entity you are dealing with.
Be careful of the information you share
Never give out your codes, passwords or personal information, unless you are sure of who you're dealing with
Know who you’re dealing with
Crooks pretending to be from companies you do business with may call or send an email, claiming they need to verify your personal information. Don’t provide your credit card or bank account number unless you are actually paying for something and know who you are sending payment to. Your social security number should not be necessary unless you are applying for credit. Be especially suspicious if someone claiming to be from a company with whom you have an account asks for information that the business already has.
Check your accounts
Regularly check your account transactions and report any suspicious or unauthorised transactions.
Don’t believe promises of easy money
If someone claims that you can earn money with little or no work, get a loan or credit card even if you have bad credit, or make money on an investment with little or no risk, it’s probably a scam. Oftentimes, offers that seem too good to be true, actually are too good to be true.
Do not open email from people you don’t know
If you are unsure whether an email you received is legitimate, try contacting the sender directly via other means. Do not click on any links in an email unless you are sure it is safe.
Think before you click
If an email or text message looks suspicious, don’t open any attachments or click on the links.
Verify urgent requests or unsolicited emails, messages or phone calls before you respond
If you receive a message or a phone call asking for immediate action and don't know the sender, it could be a phishing message.
Be careful with links and new website addresses
Malicious website addresses may appear almost identical to legitimate sites. Scammers often use a slight variation in spelling or logo to lure you. Malicious links can also come from friends whose email has unknowingly been compromised, so be careful.
Secure your personal information
Before providing any personal information, such as your date of birth, Social Security number, account numbers, and passwords, be sure the website is secure.
Stay informed on the latest cyber threats
Keep yourself up to date on current scams by visiting this website daily.
Use Strong Passwords
Strong passwords are critical to online security.
Keep your software up to date and maintain preventative software programs
Keep all of your software applications up to date on your computers and mobile devices. Install software that provides antivirus, firewall, and email filter services.
Update the operating systems on your electronic devices
Make sure your operating systems (OSs) and applications are up to date on all of your electronic devices. Older and unpatched versions of OSs and software are the target of many hacks. Read the CISA security tip on Understanding Patches and Software Updates for more information.
What if You Got Scammed?
Stop Contact With The Scammer
Hang up the phone. Do not reply to emails, messages, or letters that the scammer sends. Do not make any more payments to the scammer. Beware of additional scammers who may contact you claiming they can help you get your lost money back.
Secure Your Finances
- Report potentially compromised bank account, credit or debit card information to your financial institution(s) immediately. They may be able to cancel or reverse fraudulent transactions.
- Notify the three major credit bureaus. They can add a fraud alert to warn potential credit grantors that you may be a victim of identity theft. You may also want to consider placing a free security freeze on your credit report. Doing so prevents lenders and others from accessing your credit report entirely, which will prevent them from extending credit:
- Equifax
- Experian
- TransUnion
Check Your Computer
If your computer was accessed or otherwise affected by a scam, check to make sure that your anti-virus is up-to-date and running and that your system is free of malware and keylogging software. You may also need to seek the help of a computer repair company. Consider utilizing the Better Business Bureau’s website to find a reputable company.
Change Your Account Passwords
Update your bank, credit card, social media, and email account passwords to try to limit further unauthorized access. Make sure to choose strong passwords when changing account passwords.
Report The Scam
Reporting helps protect others. While agencies can’t always track down perpetrators of crimes against scammers, they can utilize the information gathered to record patterns of abuse which may lead to action being taken against a company or industry.
Report your issue to the following agencies based on the nature of the scam:
- Local Law Enforcement: Consumers are encouraged to report scams to their local police department or sheriff’s office, especially if you lost money or property or had your identity compromised.
- Federal Trade Commission: Contact the Federal Trade Commission (FTC) at 1-877-FTC-HELP (1-877-382-4357) or use the Online Complaint Assistant to report various types of fraud, including counterfeit checks, lottery or sweepstakes scams, and more.
- Identitytheft.gov: If someone is using your personal information, like your Social Security, credit card, or bank account number, to open new accounts, make purchases, or get a tax refund, report it at www.identitytheft.gov. This federal government site will also help you create your Identity Theft Report and a personal recovery plan based on your situation. Questions can be directed to 877-ID THEFT.
How To Recognize a Phishing Scam
Scammers use email or text messages to try to steal your passwords, account numbers, or Social Security numbers. If they get that information, they could get access to your email, bank, or other accounts. Or they could sell your information to other scammers. Scammers launch thousands of phishing attacks like these every day — and they’re often successful.
Scammers often update their tactics to keep up with the latest news or trends, but here are some common tactics used in phishing emails or text messages:
Phishing emails and text messages often tell a story to trick you into clicking on a link or opening an attachment. You might get an unexpected email or text message that looks like it’s from a company you know or trust, like a bank or a credit card or utility company. Or maybe it’s from an online payment website or app. The message could be from a scammer, who might
- say they’ve noticed some suspicious activity or log-in attempts — they haven’t
- claim there’s a problem with your account or your payment information — there isn’t
- say you need to confirm some personal or financial information — you don’t
- include an invoice you don’t recognize — it’s fake
- want you to click on a link to make a payment — but the link has malware
- say you’re eligible to register for a government refund — it’s a scam
- offer a coupon for free stuff — it’s not real
About Online Threat Alerts (OTA)
Online Threat Alerts or OTA is an anti-cybercrime community that started in 2012. OTA alerts the public to cyber crimes and other web threats.
By alerting the public, we have prevented a lot of online users from getting scammed or becoming victims of cybercrimes.
With the ever-increasing number of people going online, it important to have a community like OTA that continuously alerts or protects those same people from cyber-criminals, scammers and hackers, who are every day finding new ways of carrying out their malicious activities.
Online users can help by reporting suspicious or malicious messages or websites to OTA. And, if they want to determine if a message or website is a threat or scam, they can use OTA's search engine to search for the website or parts of the message for information.
Help maintain Online Threat Alerts (OTA).