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How to buy Alchemix (ALCX) in the UK

Learn how to buy Alchemix (ALCX) on 4+ crypto exchanges in our step-by-step guide.

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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

Alchemix (ALCX) is the 572nd largest cryptocurrency by market cap, valued at US$31,402,347.

Alchemix is a highly volatile asset capable of major price swings in a single day. Today ALCX is trading for $17.16 USD, which is lower than yesterday's trading price of $17.35 USD. Over the past year, Alchemix's price has seen a decrease of -42%.

So before you buy Alchemix, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy Alchemix.

How to buy Alchemix in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Alchemix is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Alchemix
    You can now exchange your funds for Alchemix. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Alchemix to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy Alchemix in the UK

Find an exchange to buy, sell and trade ALCX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
1 - 4 of 4
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Uphold - Digital Asset Platform
Uphold - Digital Asset Platform
Bank transfer (ACH), Debit card, Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

214
cryptocurrencies

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Kraken Cryptocurrency Exchange
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Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD, AED

222
cryptocurrencies

Go to site
View details
Coinbase Digital Currency Exchange
OFFER
Coinbase Digital Currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

255
cryptocurrencies

Get £5 free with your first trade. T&Cs apply.
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Gemini Cryptocurrency Exchange
OFFER
Gemini Cryptocurrency Exchange
Debit card, Apple Pay, Google Pay, SWIFT
GBP, EUR

106
cryptocurrencies

View details
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How we keep this Alchemix guide up-to-date

  • ALCX price data is regularly updated through data feeds so you always have the latest information.
  • Alchemix performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Alchemix?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Alchemix?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Alchemix.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing ALCX with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy Alchemix?

The easiest way to buy ALCX is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying ALCX, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Alchemix has been performing recently.

Best Alchemix wallets to store your ALCX

You can keep your ALCX on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your ALCX below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Alchemix a good investment?

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to ALCX, here are a few things to consider:

  • Token supply: The ALCX token has no maximum supply cap. 478,612 tokens were pre-mined to fund initial platform development, staking pools, and bug bounty programs. Although the token is inflationary - more ALCX tokens are generated over time - the emission rate for token generation is designed to decrease. Inflation is expected to drop to approximately 4.5% three years after launch.
  • Fair launch: The ALCX token has been earned and owned primarily by the community backing the Alchemix Finance application. Unlike other DeFi protocols, the token was not distributed through either private sales or early investors. Approximately 60% of the tokens have been allocated to the community for yield farming.
  • Scalability: The platform runs on Ethereum, which is one of the most congested blockchains within the cryptocurrency industry. As a result, fees for using the Alchemix Finance platform can be high at times. The platform will likely need to integrate a layer-2 scaling solution or second blockchain to encourage wider adoption.
  • Security: DeFi protocols continuously face exploit risk due to the nascence of the underlying technology and infrastructure. Despite passing a security audit from Certik, a vulnerability was found in its alETH contract in June 2021. It was immediately fixed thanks to the smart contract specialist, SlowMist. The protocol was audited again in February 2022 by Runtime Verification.

Today's Alchemix price versus ATH

Compare today's price of Alchemix ($17.16 USD) against its all-time-high price of $2066.2 USD on 20 March 2021. The closer the bar is to 100%, the closer ALCX is to reaching its ATH again.

Alchemix's price: $17.16
ATH date: March 20, 2021
0.83%

Alchemix ATH: $2066.2


How to trade, convert or sell Alchemix

You can convert or sell your ALCX with the same exchange you bought it through:
  1. Sign in to the exchange you have ALCX on.
  2. If you store your Alchemix in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of ALCX you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Alchemix.
  6. Complete your transaction and move your ALCX to a wallet for storage.
  1. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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