How to buy Dragonchain (DRGN) in the UK

Where to buy Dragonchain in the UK

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

You can still purchase DRGN 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 DRGN using a decentralised exchange.

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

You can keep your DRGN 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 DRGN below.

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

Is Dragonchain a good investment?

If you are wondering whether to buy Dragonchain or any other cryptocurrency, make sure you understand the risks involved. Here are some points to take into consideration:

• Competition. Blockchain-as-a-solution is becoming increasingly common, and Dragonchain has a lot of competition from both inside and outside the cryptocurrency space. This includes Silicon Valley companies like PayStand and Leeway Hertz, as well as Amazon Web Services which has branched out into the industry.
• Multi-level consensus mechanism. Dragonchain is unique in the way it runs and develops applications on the network. The protocol contains five different layers – the first of which used exclusively by Dragonchain. Layers 2–4 can be accessed by the community as well as specific partners, and layer 5 is a public checkpoint to other blockchains like Ethereum, Bitcoin and so on.
• Rewards. To make the most of your DRGN, it’s worth exploring the network’s rewards system. If you have the technical know-how to run a node, you will earn additional income in the form of ‘TIME’ tokens. You earn 1 TIME for every DRGN token you have in a non-exchange wallet per day of running a node. Those less experienced with blockchain tech can join a community-pooled node to take advantage of the rewards system.

Today's Dragonchain price versus ATH

Compare today's price of Dragonchain ($0.00725143 USD) against its all-time-high price of $5.46 USD on 09 January 2018. The closer the bar is to 100%, the closer DRGN is to reaching its ATH again.

How to trade, convert or sell Dragonchain

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

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