How to buy FLEX Coin (FLEX) in the UK

Where to buy FLEX Coin in the UK

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

You can still purchase FLEX 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 FLEX using a decentralised exchange.

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

You can keep your FLEX 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 FLEX below.

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

Is FLEX Coin a good investment?

Every altcoin investment should be thoroughly researched. Both the token and the associated platform or project should be evaluated to look for potential upsides and downside risks. Here are a few factors to consider before investing in FLEX:

• AMM+: The developers believe that its AMM+ platform offers several advantages over competitors, such as Uniswap. These advantages include the ability to access derivative trading, lower taker fees, faster order books, more capital efficiency, and the ability to deposit trading collateral in any asset.
• Backers: CoinFLEX is backed by notable companies and public figures in crypto, including Polychain Capital, Dragonfly Capital, Roger Ver, Doug Polk, and Mike Komaransky. A well-established collection of partnerships, companies and supporters backing the project is usually an encouraging sign for future development.
• Staking: Users can stake FLEX for different lengths of time ranging from two weeks to four years. Staking rewards are generated by collecting 10% of the exchange’s revenue and 10% of quarterly profits. The longer the staking period chosen by FLEX holders, the bigger the reward. Note: staking FLEX requires locking the assets in the FLEXDAO. They can only be retrieved once the staking period concludes.
• Tokenomics: FLEX has a maximum supply of 100 million tokens. 10% of the protocol’s profits and 10% of the overall revenue is allocated to buying and burning FLEX tokens. This will place deflationary pressure on the token supply over time. At the time of writing, the maximum supply has already reduced to 98.7 million.
• Security: Most of CoinFLEX’s infrastructure is built on, or being migrated to, the SmartBCH sidechain. The SmartBCH sidechain leverages the security of the Bitcoin Cash network, which means all transactions executed on CoinFLEX should remain secure. While the Bitcoin Cash blockchain has arguably withstood the test of time and should ensure stable security, SmartBCH is a relatively recent layer-2 deployment that still needs to be tested thoroughly. Any disruptions to SmartBCH will have a direct impact on CoinFLEX’s operability.

Today's FLEX Coin price versus ATH

Compare today's price of FLEX Coin ($1.023 USD) against its all-time-high price of $7.56 USD on 22 December 2021. The closer the bar is to 100%, the closer FLEX is to reaching its ATH again.

How to trade, convert or sell FLEX Coin

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

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