How to buy Fodl Finance in the UK
Fodl Finance has increased 0.57% against $0.0029 a day earlier. Learn how to buy Fodl Finance.
Fodl Finance (FODL) is a cryptoasset that currently ranks as the 1957th largest by market cap (that's the total value of Fodl Finance in circulation – $1.1 million).
Like all cryptoassets, it's highly volatile, and capable of major price swings in a single day. As of 5 June, FODL is trading for $0.00292728 (£0.0024), an increase of 0.57% against $0.0029 a day earlier. Over the past year, Fodl Finance's price has seen a quite drastic decrease of 95.18%.
Where to buy Fodl Finance in the UK
It looks like FODL may not be available to purchase on an exchange in the UK.
You can still purchase FODL 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 FODL using a decentralised exchange.
- Find FODL on a decentralised exchange and make sure Fodl Finance can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for FODL using an exchange like . You will need to purchase enough ETH to swap for FODL 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.
- Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade ETH for FODL on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
- Wait for the transaction to finalise and the FODL tokens will arrive in your wallet.
- 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.
Is it a good time to buy Fodl Finance?Only you can make the decision about when is the best time to buy Fodl Finance. However, here are some things to consider as part of your research. Take a look at the fundamentals of Fodl Finance. What type of coin is it? Utility, payment or governance token etc? How large is its market cap? How many coins are in circulation? All this will help you to understand how Fodl Finance works and how much risk is involved. Also consider how has performed so far. Our charts below show you Fodl Finance's performance over time as well as its all time high.
Fodl Finance to USD and GBP calculatorOur calculator works out how much Fodl Finance would be worth in USD and GBP, depending on how much you hold or are looking to purchase.
FODL price last updated 5 June 2023, 07:06 UTC.
Frequently asked questions
*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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