How to buy Dawn Protocol (DAWN) in the UK

Where to buy Dawn Protocol in the UK

It looks like DAWN may not be available to purchase on an exchange in the UK.

You can still purchase DAWN 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.

How to purchase DAWN using a decentralised exchange.

1. Find DAWN on a decentralised exchange and make sure Dawn Protocol can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
2. Buy ETH to trade for DAWN using an exchange like CoinJar. You will need to purchase enough ETH to swap for DAWN 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.
3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
4. Trade ETH for DAWN on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
5. Wait for the transaction to finalise and the DAWN tokens will arrive in your wallet.
6. 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.

Best Dawn Protocol wallets to store your DAWN

You can keep your DAWN 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 DAWN below.

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

Is Dawn Protocol a good investment?

DAWN has been growing strongly over the past couple of years and, in April 2021, was added to the popular FTX exchange, improving token liquidity and spreading the word about the project to a large new audience. Along with a USD pair, token perpetual futures can also be traded on FTX, adding to the depth of the market available.

• New games. Dawn says it has plans to launch 20 new titles on its platforms to inspire new gamers to join the project. The latest support comes for Free Fire, a popular mobile battle royale game, with Dawn hosting its first tournament focused on central South America. If the protocol can continue to expand into new markets and pick out the most popular games, then the DAWN token could continue to rise in value in future.
• Market size. The future of Dawn Protocol is heavily dependent on the ongoing popularity of e-sports and online gaming in general. According to market research company Ovum, the global market for this section of the gaming industry was $733 million in 2017 and could reach as much as $1.9 billion by 2022. If the market does not continue to grow in line with these bullish forecasts, or the number of players declines over time for any reason, this reduced market size could affect the price of DAWN.
• Token interoperability. Dawn Protocol uses the ERC-777 token format. While it comes with some security benefits over ERC-20, it is not as widely used as the ERC-20 format. ERC-777 is focused on allowing more complex functions in trading and swapping tokens between users, but not every project uses this standard. If the market and Ethereum developers in general decide to go in a different direction to ERC-777 in future, Dawn Protocol could become obsolete.

Today's Dawn Protocol price versus ATH

Compare today's price of Dawn Protocol ($0.539498 USD) against its all-time-high price of $9.63 USD on 28 April 2021. The closer the bar is to 100%, the closer DAWN is to reaching its ATH again.

How to trade, convert or sell Dawn Protocol

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

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