See more of the best crypto wallets
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
What are the key risks?
1. You could lose all the money you invest- The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets. This is an altcoin and these tend to be even more volatile than Bitcoin.
- The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
- The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime – in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker.
- The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
- There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
- Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
- Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
- You should do your own research before investing. If something sounds too good to be true, it probably is.
- Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
- A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Where to buy Dero in the UK
Unfortunately, at this time no major exchanges in the UK offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.
Consider buying a different cryptocurrency after comparing popular exchanges.
Unfortunately, at this time no major exchanges in the UK offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.
Consider buying a different cryptocurrency after comparing popular exchanges.
Best Dero wallets to store your DERO
You can keep your DERO 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 DERO below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,456+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $219 |
Price (USD) $49.99 |
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is Dero a good investment?
DERO is the native cryptocurrency of the innovative Dero protocol. However, innovation does not always guarantee returns and, therefore, a thorough evaluation of both the token and associated protocol should be completed. Here are a few key aspects to consider:
- Speed and Scalability: Dero is able to deliver a high degree of scalability and transactional efficiency by bringing together a DAG architecture with a PoW consensus framework. The protocol also supports anonymous transactions while providing compatibility with smart contracts. These aspects help to solve what experts in the industry term the Blockchain trilemma; decentralisation, scalability, and security. While offering these advantages, the Dero protocol now needs to focus on adoption by individuals and businesses.
- CryptoNote utilisation: One of the platform’s most underrated features is its use of the CryptoNote protocol. The CryptoNote protocol is designed to conceal sender and receiver transaction information - thereby protecting the identity of all the involved parties. Dero also features an SSL layer that conceals traffic from nefarious third-party agents. This level of anonymity and security could be attractive to dApp developers.
- A vast number of possible dApp applications: Thanks to Dero’s privacy-oriented framework, the network can be deployed for a wide array of use cases such as voting services, escrow, and address certification/verification. The wider the potential use case for the blockchains is, the more demand that could be placed on the native DERO token.
Today's Dero price versus ATH
Compare today's price of Dero ($2.61 USD) against its all-time-high price of $27.29 USD on 10 October 2021. The closer the bar is to 100%, the closer DERO is to reaching its ATH again.
Dero's price: $2.61
ATH date: October 10, 2021
ATH date: October 10, 2021
9.56%
Dero ATH: $27.29
How to trade, convert or sell Dero
You can convert or sell your DERO with the same exchange you bought it through:- Sign in to the exchange you have DERO on.
- If you store your Dero in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of DERO you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Dero.
- Complete your transaction and move your DERO 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.
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