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How to buy Gitcoin (GTC) in the UK

Learn how to buy Gitcoin (GTC) on 3+ crypto exchanges 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.

Gitcoin (GTC) is in the top 1,000 cryptocurrencies by market cap, valued at US$68,264,693.

Gitcoin is a highly volatile asset capable of major price swings in a single day. Today GTC is trading for $1.13 USD, which is higher than yesterday's trading price of $1.13 USD. Over the past year, Gitcoin's price has seen a decrease of -64%.

So before you buy Gitcoin, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy Gitcoin.

How to buy Gitcoin in 4 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 Gitcoin 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 GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Gitcoin
    You can now exchange your funds for Gitcoin. 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 Gitcoin 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 Gitcoin in the UK

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

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Uphold - Digital Asset Platform
Uphold - Digital Asset Platform
Bank transfer (ACH), Debit card, Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

214
cryptocurrencies

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Kraken Cryptocurrency Exchange
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Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD, AED

222
cryptocurrencies

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Coinbase Digital Currency Exchange
OFFER
Coinbase Digital Currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

255
cryptocurrencies

Get £5 free with your first trade. T&Cs apply.
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How we keep this Gitcoin guide up-to-date

  • GTC price data is regularly updated through data feeds so you always have the latest information.
  • Gitcoin performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Gitcoin?

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 Gitcoin?

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 Gitcoin.

  • 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 GTC 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 Gitcoin?

The easiest way to buy GTC 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 GTC, 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 all-time high tool to get an idea of how the price of Gitcoin has been performing recently.

Best Gitcoin wallets to store your GTC

You can keep your GTC 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 GTC 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 Gitcoin a good investment?

Cryptocurrencies are highly volatile and risky assets. Before making a purchase an investor should consider all aspects of the token and the associated platform. Here are a few things to consider before purchasing GTC:

  • Governance: Given the communal nature of Gitcoin’s network, its governance system will be vital to its success. The voting system is a fork of DeFi network Compound’s. Essentially, each proposal needs 51% of votes in its favour to pass, with at least a 2.5% quorum.
  • Token distribution: There is a total supply of 100 million GTC, which are distributed in three ways. Firstly, 15% of this supply is dedicated to participants on the platform – those who have added value through bug bounties, contributions to grants, and so on. 35% of the supply is reserved for Gitcoin stakeholders, while the remaining 50% is set aside in the DAO treasury.
  • Use-case: GTCs primary purpose is governance, with the majority of tokens time-locked in the DAO treasury. The entire allocation of DAO-bound tokens will be unlocked in mid-2023. The Gitcoin team is very strong on emphasising that GTC has no economic value whatsoever – it is purely for maintaining the decentralised integrity of the Gitcoin ecosystem.

Today's Gitcoin price versus ATH

Compare today's price of Gitcoin ($1.13 USD) against its all-time-high price of $89.62 USD on 25 May 2021. The closer the bar is to 100%, the closer GTC is to reaching its ATH again.

Gitcoin's price: $1.13
ATH date: May 25, 2021
1.26%

Gitcoin ATH: $89.62


How to trade, convert or sell Gitcoin

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