How to buy EthereumPoW (ETHW) in the UK

Learn how to buy EthereumPoW (ETHW) in our step-by-step guide.

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

You can buy EthereumPoW (ETHW) on a cryptocurrency exchange like Kraken. These specialised marketplaces allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Ethereum PoW (ETHW) is a hard fork of the Ethereum blockchain created at the time of the Merge.| |The new ETHW coin retained Ethereum's PoW (proof of work) consensus and allowed mining to continue. Here's how to buy EthereumPoW.

How to buy EthereumPoW in 4 easy steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy EthereumPoW is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit £ using the payment method that best suits you – bank transfer, apple pay, google pay and swift payments are widely accepted.
  4. Buy EthereumPoW
    You can now exchange your funds for EthereumPoW. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your EthereumPoW to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

Where to buy EthereumPoW in the UK

Find an exchange to buy, sell and trade ETHW by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Kraken Cryptocurrency Exchange
Bank transfer, Apple Pay, Google Pay, SWIFT, Visa and Mastercard debit/credit card, ACH online banking, Digital Wallet purchases
USD, EUR, GBP, JPY, CAD, CHF, AUD, AED

214
cryptocurrencies

Kraken offers staking, an OTC desk, and dark pools. Trade multiple fiat currencies and cryptocurrencies from your desktop or mobile with near-instant deposits and withdrawals.
CEX.IO Cryptocurrency Exchange
Bank transfer (ACH), Credit card, Bank transfer (SEPA), Faster Payments Service, Skrill
USD, EUR, GBP, RUB

145
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
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Compare up to 4 providers

How do I find the best places to buy EthereumPoW?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy EthereumPoW?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading EthereumPoW.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing ETHW with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy EthereumPoW?

The easiest way to buy ETHW is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying ETHW, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of EthereumPoW has been performing recently.

Best EthereumPoW wallets to store your ETHW

You can keep your ETHW 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 ETHW below.

Ledger Nano X Wallet

TREZOR Model T Wallet

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Supported assets

5,500+

Supported assets

1,470+

Price (USD)

$149

Price (USD)

$219

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

Is EthereumPoW a good investment?

The community created ETHW to allow miners to continue their operations and ensure that their hardware was not made obsolete. While some prominent figures in the crypto space have announced support for the fork chain, Ethereum founder Vitalik Buterin stated that people endorsing the hard fork are simply "trying to make a quick buck". Here are some other things to consider before you invest in ETHW:

  • Speculative value. Reputable crypto projects exclusively support the Ethereum foundation and the PoS chain. ETHW is not widely recognised as a legitimate Ethereum and holdings on the forked chain are entirely speculative.
  • Volatility. Ethereum is the second largest crypto by total market cap – this liquidity provides relative market stability. ETHW has a considerably lower market valuation and trading volume. Any coin with low trading volume is prone to market manipulation and increased volatility.
  • Exchange listings. Exchanges list digital assets based on demand and security. Coins and tokens are likely to remain listed if they’re deemed safe and generate a profit through high trading volume. However, if trading volume drops below a required profit margin, the exchange may delist the asset. Considering that ETHW is still in its infancy, it remains uncertain whether it will gain traction.

Additional information about EthereumPoW can be found using our ETHW analysis tools.

Today's EthereumPoW price versus ATH

Compare today's price of EthereumPoW ($3.9 USD) against its all-time-high price of $58.54 USD on 03 September 2022. The closer the bar is to 100%, the closer ETHW is to reaching its ATH again.

EthereumPoW's price: $3.9
ATH date: September 03, 2022
6.66%

EthereumPoW ATH: $58.54


How to trade, convert or sell EthereumPoW

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