Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Amp (AMP) is the 209th largest cryptocurrency by market cap, valued at US$148,016,862.
Amp is a highly volatile asset capable of major price swings in a single day. Today AMP is trading for $0.00263553 USD, which is lower than yesterday's trading price of $0.0026365002 USD. Over the past year, Amp's price has seen a decrease of -79%.
So before you buy Amp, 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 use to buy Amp.
How to buy Amp 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.
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Compare crypto exchanges
The easiest way to buy Amp 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.
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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.
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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.
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Buy Amp
You can now exchange your funds for Amp. 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 Amp to your personal wallet.
Where to buy Amp in the UK
Find an exchange to buy, sell and trade AMP 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*.
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How we keep this Amp guide up-to-date
- AMP price data is regularly updated through data feeds so you always have the latest information.
- Amp 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 Amp?
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 Amp?
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 Amp.
- 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 AMP 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 Amp?
The easiest way to buy AMP 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 AMP, 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 Analysis tools to get an idea of how the price of Amp has been performing recently.
Best Amp wallets to store your AMP
You can keep your AMP 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 AMP below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Recent Amp developments
December 2021: Flexa added popular meme currency SHIBA to its global payments platform.
June 2021: The AMP token was officially added to the Coinbase exchange's list of supported cryptocurrencies, with the coin surging 13% in the 24 hours following the news.
June 2021: The AMP token was officially added to the Coinbase exchange's list of supported cryptocurrencies, with the coin surging 13% in the 24 hours following the news.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is Amp a good investment?
There are several things to consider before buying AMP, the native token for the Flexa platform.- Supply. The total supply of AMP tokens is fixed at 100 billion AMP.
- Staking. As an AMP token holder, you can stake AMP as collateral to Flexa-enabled payment apps such as SPEDN. As reported by DeFi Rate, the staked AMP then becomes “spending power” that enables consumers to pay merchants using the Flexa payment platform. In return, token holders will receive rewards that are proportionate to the amount of tokens that are staked.
- Migration from Flexacoin (FXC). Before AMP was launched, the Flexa platform used Flexacoin. As of September last year, Flexacoin ceased to be supported in the Flexa app and FXC holders can swap FXC for AMP at a 1-1 exchange rate.
- Volatility. According to the AMP token white paper, AMP is designed to be a “non-inflationary and low-volatility collateral token” with its value compounding exclusively because of the utility it provides as a security for payments in the Flexa network. This means the token is designed to be less volatile in price compared to other cryptocurrencies that can face extreme price volatility.
Additional information about Amp can be found using our AMP analysis tools.
Today's Amp price versus ATH
Compare today's price of Amp ($0.00263553 USD) against its all-time-high price of $0.120813 USD on 16 June 2021. The closer the bar is to 100%, the closer AMP is to reaching its ATH again.
Amp's price: $0.00263553
ATH date: June 16, 2021
ATH date: June 16, 2021
2.18%
Amp ATH: $0.120813
How to trade, convert or sell Amp
You can convert or sell your AMP with the same exchange you bought it through:- Sign in to the exchange you have AMP on.
- If you store your Amp in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of AMP you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Amp.
- Complete your transaction and move your AMP to a wallet for storage.
Get started with crypto
Crypto exchanges and wallets
Learn about other cryptos
* 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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