How to buy Groestlcoin (GRS) in the UK

Learn how to buy Groestlcoin (GRS) in our step-by-step guide.

Where to buy Groestlcoin in the UK

Unfortunately, at this time no major exchanges in the UK offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Unfortunately, at this time no major exchanges in the UK offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Best Groestlcoin wallets to store your GRS

You can keep your GRS 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 GRS 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 Groestlcoin a good investment?

As with buying any cryptocurrency, when buying Groestlcoin you should be aware that cryptocurrencies are speculative and prices are unpredictable. In particular, you might also want to consider the following when deciding to buy Groestlcoin:

  • Proof-of-Work: As blockchain technology has advanced, decentralised finance and cryptocurrencies are trending away from PoW consensus mechanisms. Reasons for this include negative environmental impact, issues with centralisation and the potential for 51% attacks. It is worth diving into PoW and its viable alternatives to determine if this algorithm can evolve with the blockchain ecosystem. If PoW continues falling in popularity, it is likely that GRS will lose its market share to other, newer cryptocurrencies.
  • Competition: ASIC-resistant cryptocurrencies trying to improve on Bitcoin aren’t a particularly novel concept in the blockchain sphere. Developers have long recognised the centralisation issues Bitcoin has encountered with specialised, expensive mining farms controlling the vast majority of the blockchain. For Groestlcoin to succeed, it will need to ward off competitors such as Ravencoin, Monero and Ethereum Classic. It’s also worth noting that companies have still created ASICs for mining GRS, although it is a more difficult process than for mining Bitcoin.
  • Transaction time: Groestlcoin has a much shorter block period compared to Bitcoin, requiring an average time of only one minute (as opposed to Bitcoin’s ten). This enhanced transaction time provides merchants with an appealing alternative to BTC. As a result, there is a maximum supply of 105 million GRS, which is approximately 5 times the supply of BTC.

Additional information about Groestlcoin can be found using our GRS analysis tools.

Today's Groestlcoin price versus ATH

Compare today's price of Groestlcoin ($0.338492 USD) against its all-time-high price of $2.74 USD on 09 April 2021. The closer the bar is to 100%, the closer GRS is to reaching its ATH again.

Groestlcoin's price: $0.338492
ATH date: April 09, 2021
12.35%

Groestlcoin ATH: $2.74


How to trade, convert or sell Groestlcoin

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