How to buy Cream (CREAM) in the UK

Cream (CREAM) is the 756th largest cryptocurrency by market cap, valued at US$17,100,132.

Cream is a highly volatile asset capable of major price swings in a single day. Today CREAM is trading for $22.3 USD, which is higher than yesterday's trading price of $21.08 USD. Over the past year, Cream's price has seen a decrease of -3%.

So before you buy Cream, 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 Cream.

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

Where to buy Cream in the UK

Find an exchange to buy, sell and trade CREAM 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 Cream wallets to store your CREAM

You can keep your CREAM 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 CREAM below.

Recent Cream developments

November 2021: Cream Finance suffered a major attack, with the platform losing nearly US$130 million worth of assets. This was the third hack Cream Finance had to deal with in 2021.

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

Is Cream a good investment?

Consider the following before purchasing CREAM as part of your portfolio:

• Transparency: CREAM was founded by Jeffrey Huang – a serial entrepreneur who also founded Mithril (MITH), a social media platform on Ethereum.
• The core team consists of four people: the founder and three developers with extensive computer science backgrounds. Besides being prominent members in the crypto space, the team has been transparent in its conduct since the beginning, publishing all updates and announcements regularly on Medium, including changes made to its protocol and its liquidity mining distribution. The team is also quite responsive on social media to address people’s queries.
• Security: In February 2021, Cream Finance was exploited in a flash loan attack for roughly $24m, losing about 13,000 ETH to hackers. Following the hack, the price of the native token, CREAM, dropped by about 30% within minutes, leaving users agitated.
• Risk of Liquidation: In order to borrow on Cream Finance, you must first deposit cryptocurrency whose value in USD terms is greater than the amount you're borrowing. The crypto asset deposited acts as collateral, and at present, the user is allowed to borrow only 60% of the USD value of the crypto asset deposited.
• The platform does not require any KYC or credit checks for borrowing and has no time limit on loan payback. However, if the value of the crypto asset placed as collateral falls by more than 60% of the borrowed amount in USD terms, the collateral can be liquidated to other users of the platform.
• Yearn Finance deal: Yearn Finance has teamed up with Cream to launch Cream v2, which would serve as a focused lending product with a list of blue-chip tokens accepted as collateral. However, the token economics and governance of Cream would continue to be the same.

Today's Cream price versus ATH

Compare today's price of Cream ($22.3 USD) against its all-time-high price of $374.1 USD on 04 February 2021. The closer the bar is to 100%, the closer CREAM is to reaching its ATH again.

How to trade, convert or sell Cream

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

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