How to buy Efforce (WOZX) in the UK

Where to buy Efforce in the UK

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

You can still purchase WOZX 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 WOZX using a decentralised exchange.

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

You can keep your WOZX 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 WOZX below.

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

Is Efforce a good investment?

Cryptocurrencies are highly volatile assets. Before purchasing any cryptocurrency both the potential upside and downside should be evaluated. Here are a few aspects to consider before purchasing WOZX:

• Supply and tokenomics. The total supply of WOZX tokens is capped at 1 billion. According to the Efforce website, no new tokens will ever be minted. Of the 1 billion tokens, 450 million (45%) will be sold in a private placement. The whitepaper indicates that there is no set lock-up period for these tokens. Efforce Ltd received a further 20% allocation. A further 20% has been kept as an incentive for miners and 15% has been kept in reserve for the ecosystem.
• Mining. Up to 200 million tokens are reserved for encouraging contributors, consumers and savers to participate in the energy-saving projects listed on the platform.
• Centralised. At the time of writing, over 83% of all circulating WOZX tokens are kept within 3 wallets. This means the distribution of tokens is still highly centralised, with control sitting within a few hands.
• Dual token model. Efforce uses a dual token model which combines the WOZX tokens with a native stablecoin. The stablecoin is intended to be used as operating capital, while the WOZX token is intended to provide platform rights and incentives.

Today's Efforce price versus ATH

Compare today's price of Efforce ($0.02260136 USD) against its all-time-high price of $3.66 USD on 09 December 2020. The closer the bar is to 100%, the closer WOZX is to reaching its ATH again.

How to trade, convert or sell Efforce

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

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