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How to buy DEAPCOIN (DEP) in the UK

Learn how to buy DEAPCOIN (DEP) in our step-by-step guide.

Where to buy DEAPCOIN in the UK

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

You can still purchase DEP 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 DEP using a decentralised exchange.
  1. Find DEP on a decentralised exchange and make sure DEAPCOIN 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 DEP using an exchange like CoinJar. You will need to purchase enough ETH to swap for DEP 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 DEP 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 DEP 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 DEAPCOIN wallets to store your DEP

You can keep your DEP 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 DEP below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

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

Is DEAPCOIN a good investment?

While offering interesting aspects from both the DeFi and NFT sectors, DEP, like all other altcoins, will not provide guaranteed returns. All cryptocurrency investments need to be thoroughly examined before any investments are made. Here are a few points to evaluate before placing funds into DEP:

  • Gaming competition: DEA targets the gaming industry by integrating the best elements from the DeFi and NFT sectors. This has interested a vast number of players. However, there are now several other gaming projects that offer similar play-to-earn features and, as a result, the market is becoming more and more competitive. The platform will likely need to draw a global audience to make the native DEP token an attractive investment.
  • Geographic focus: The games within DEA appear to have a strong focus towards the Asian market. While popular in Asia, it may limit the games traction in other parts of the world. Other play-to-earn games that incorporate NFT and DeFi characteristics have become globally accepted, which places an even greater demand on native tokens.
  • Lack of publicised tokenomics: The maximum supply of DEP tokens is capped at 30 billion. However, other than the maximum supply of tokens, there is very little information on how those tokens have been distributed. When investing in altcoins, understanding the distribution of tokens is a crucial element.

      • Today's DEAPCOIN price versus ATH

      Compare today's price of DEAPCOIN ($0.00212999 USD) against its all-time-high price of $0.07894 USD on 24 November 2021. The closer the bar is to 100%, the closer DEP is to reaching its ATH again.

      DEAPCOIN's price: $0.00212999
      ATH date: November 24, 2021
      2.70%

      DEAPCOIN ATH: $0.07894


      How to trade, convert or sell DEAPCOIN

      You can convert or sell your DEP with the same exchange you bought it through:
  1. Sign in to the exchange you have DEP on.
  2. If you store your DEAPCOIN 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 DEP you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of DEAPCOIN.
  6. Complete your transaction and move your DEP to a wallet for storage.
  1. Data by CoinGecko

* 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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