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How to buy Escoin (ELG) in the UK

Learn how to buy Escoin (ELG) in our step-by-step guide.

Where to buy Escoin in the UK

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

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

You can keep your ELG 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 ELG 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 Escoin a good investment?

ELG is an integral part of the EscoinToken ecosystem. However, it is extremely important to evaluate both the token and associated protocol for future upside but also potential risks. Here are a few factors to consider before investing in ELG:

  • Niche service: There are not many projects focused on bringing legal practices into the cryptocurrency industry. As a result, EscoinToken and ELG, for a time, may be able to enjoy first-mover advantages. Although becoming a first-mover within the cryptocurrency industry, the token and platform will still need to compete with the traditional methods of obtaining legal services.
  • Innovative: The EscoinToken project removes the borders and efforts that are required when a user needs to find a suitable legal firm or lawyer for an associated case. This seamless interaction and level of ease could provide a completely new way for obtaining legal services. Potential investors for ELG should pay close attention to the number of users and the number of legal firms interacting with the project as that will ultimately determine the demand for the token.
  • PraeLegal partner: The EscoinToken solution partner, Prae Legal, provides clients access to legal resources worldwide through an extensive network of 252 offices in trade centers across 142 countries. Thanks to the integration with EscoinToken, this partnership now offers cross-border solutions for clients, that can have legal requirements met in any field of law, in any jurisdiction in the world.

Additional information about Escoin can be found using our ELG analysis tools.

Today's Escoin price versus ATH

Compare today's price of Escoin ($2.86 USD) against its all-time-high price of $3.61 USD on 24 June 2022. The closer the bar is to 100%, the closer ELG is to reaching its ATH again.

Escoin's price: $2.86
ATH date: June 24, 2022
79.22%

Escoin ATH: $3.61


How to trade, convert or sell Escoin

You can convert or sell your ELG with the same exchange you bought it through:
  1. Sign in to the exchange you have ELG on.
  2. If you store your Escoin 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 ELG you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Escoin.
  6. Complete your transaction and move your ELG 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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