How to buy DxChain (DX) in the UK

Where to buy DxChain in the UK

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

You can still purchase DX 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 DX using a decentralised exchange.

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

You can keep your DX 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 DX below.

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

Is DxChain a good investment?

Every cryptocurrency purchase should be evaluated thoroughly. The volatility of cryptocurrencies means that both the token and the associated platform need to be assessed for risks. Here are a few items to consider before purchasing DX:

• Utility. There are 3 use cases for DX. 1) A secure method of payment between participants in the network. 2) A reward for all miners in the network. 3) To reward computational and storage resources. If a user wants to store data on DxChain, DX tokens will be required to pay for storage services.
• Mining. There are 3 types of miners in the DxChain network: computing miners that maintain the integrity of the network, storage miners that share storage resources and miners who create new blocks in the blockchain. All 3 receive DX tokens for the services they provide.
• Adoption. The value of DX is designed to appreciate as more users access the DxChain system. This will be driven by several factors including the number of applications, the data storage capacity and processing speeds.
• No governance rights. DX tokens do not represent any shareholder or governance rights in the DxChain. Token holders are also not entitled to any fees, dividends or investment returns, which is different to many other altcoin projects.

Today's DxChain price versus ATH

Compare today's price of DxChain ($0.00017125 USD) against its all-time-high price of $0.0029681 USD on 25 July 2020. The closer the bar is to 100%, the closer DX is to reaching its ATH again.

How to trade, convert or sell DxChain

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

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