How to buy Brazilian Digital in the UK
Brazilian Digital has increased 1,591.74% against $0.38 a day earlier. Learn how to buy Brazilian Digital.
Brazilian Digital (BRZ) is a typically-volatile cryptoasset, capable of major price swings in a single day. As of 10 June, BRZ is trading for $0.198164 (£0.16), an increase of 1,591.74% against $0.38 a day earlier. Over the past year, Brazilian Digital's price has seen a decrease of 2.25%.
Where to buy Brazilian Digital in the UK
It looks like BRZ may not be available to purchase on an exchange in the UK.
You can still purchase BRZ by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.
Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.
How to purchase BRZ using a decentralised exchange.
- Find BRZ on a decentralised exchange and make sure Brazilian Digital can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for BRZ using an exchange like . You will need to purchase enough ETH to swap for BRZ as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
- Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade ETH for BRZ on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
- Wait for the transaction to finalise and the BRZ tokens will arrive in your wallet.
- You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.
You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.
Is it a good time to buy Brazilian Digital?
Only you can make the decision about when is the best time to buy Brazilian Digital. However, here are some things to consider as part of your research.
Take a look at the fundamentals of Brazilian Digital. What type of coin is it? Utility, payment or governance token etc? How large is its market cap? How many coins are in circulation? All this will help you to understand how Brazilian Digital works and how much risk is involved.
Also consider how has performed so far. Our charts below show you Brazilian Digital's performance over time as well as its all time high.
Brazilian Digital to USD and GBP calculator
Our calculator works out how much Brazilian Digital would be worth in USD and GBP, depending on how much you hold or are looking to purchase.
BRZ price last updated 10 June 2023, 12:06 UTC.
*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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