How to buy COTI (COTI) in the UK

COTI (COTI) is the 326th largest cryptocurrency by market cap, valued at US$74,003,465.

COTI is a highly volatile asset capable of major price swings in a single day. Today COTI is trading for $0.061564 USD, which is higher than yesterday's trading price of $0.0573886754 USD. Over the past year, COTI's price has seen a decrease of -50%.

So before you buy COTI, 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 COTI.

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

Where to buy COTI in the UK

Find an exchange to buy, sell and trade COTI 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*.

Best COTI wallets to store your COTI

You can keep your COTI 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 COTI below.

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

Is COTI a good investment?

Below are the aspects you should consider before buying COTI:

• Investment: COTI received an investment of $500,000 from cFund, a $20 million venture fund backed by Cardano. The support from the builder behind the seventh-largest cryptocurrency by market cap is only proof of how promising the COTI project is to the entire ecosystem. COTI has earlier worked with the Cardano team to develop Cardano Pay in 2019, which will be upgraded for the Shelley mainnet and launched on the Cardano network over the coming weeks.
• Scalability: COTI’s blockchain is based on the Directed Acyclic Graph (DAG), called a cluster, in which the network validates the previous two transactions in order for a transaction to be confirmed. Hence, as the number of users on the network increases, the rate of transaction confirmation increases. COTI processes over 10,000 TPS, compared to an average 20 TPS on the traditional blockchain protocols, and 25,000 TPS in traditional payment systems. The COTI Trustchain will be able to surpass 100,000 TPS once in production and the network will be able to support transaction levels far greater than legacy networks including Visa and Mastercard.
• Supply: The total supply of the token in the initial stages of the network is limited to 2,000,000,000 COTI. Since the transaction ledger is based on the DAG and due to the decentralized nature of the platform, additional tokens would not be possible to be created following the genesis transaction. An additional 2,000,000,000 COTI was created and locked in reserve post-COTI’s mainnet launch, restricting the total supply to 4,000,000,000 COTI.

Today's COTI price versus ATH

Compare today's price of COTI ($0.061564 USD) against its all-time-high price of $0.668634 USD on 29 September 2021. The closer the bar is to 100%, the closer COTI is to reaching its ATH again.

How to trade, convert or sell COTI

You can convert or sell your COTI with the same exchange you bought it through:

1. Sign in to the exchange you have COTI on.
2. If you store your COTI 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 COTI you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of COTI.
6. Complete your transaction and move your COTI to a wallet for storage.

* 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.