Buy GYEN today
Buy GYEN today
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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.
How to buy GYEN (GYEN) in the UK
Learn how to buy GYEN (GYEN) in our step-by-step guide.
GYEN (GYEN) is the 805th largest cryptocurrency by market cap, valued at US$15,893,630.
GYEN is a highly volatile asset capable of major price swings in a single day. Today GYEN is trading for $0.00717288 USD, which is higher than yesterday's trading price of $0.0069823661 USD. Over the past year, GYEN's price has seen a decrease of -7%.
So before you buy GYEN, 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 GYEN.
How to buy GYEN 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.
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Compare crypto exchanges
The easiest way to buy GYEN 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.
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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.
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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.
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Buy GYEN
You can now exchange your funds for GYEN. 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 GYEN 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 GYEN in the UK
Find an exchange to buy, sell and trade GYEN 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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How we keep this GYEN guide up-to-date
- GYEN price data is regularly updated through data feeds so you always have the latest information.
- GYEN 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 GYEN?
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 GYEN?
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 GYEN.
- 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 GYEN 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 GYEN?
The easiest way to buy GYEN 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 GYEN, 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 GYEN has been performing recently.
Best GYEN wallets to store your GYEN
You can keep your GYEN 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 GYEN below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is GYEN a good investment?
As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to GYEN, here are a few things to consider:
- GYEN use case: It is important to understand that GYEN is a Japanese Yen stablecoin. As such, the coin will track the value of JPY. Unlike other altcoins, GYEN should not be purchased with the long term vision of capital gains. Instead, the GYEN token should be used by those that wish to store funds within the digital equivalent of a traditional fiat currency.
- Audits: According to GMO Trust’s website, the company is audited on a regular basis. Audits ensure that the company holds the correct number of JPY funds within the trustee bank accounts. All users of GYEN are putting their faith in GMO Trust to ensure all stablecoins are backed by true reserves. If there are ever any discrepancies this may cause the peg of the GYEN to slip considerably.
- First mover advantage: GYEN was the first Japanese Yen stabelcon to be launched in the world. As a result, the stablecoin can enjoy first mover advantages. Although JPY is not as widely used as the US dollar, JPY is still a fiat currency used globally, which means that there will be demand for a digitized equivalent.
Today's GYEN price versus ATH
Compare today's price of GYEN ($0.00717288 USD) against its all-time-high price of $0.060753 USD on 17 November 2021. The closer the bar is to 100%, the closer GYEN is to reaching its ATH again.
GYEN's price: $0.00717288
ATH date: November 17, 2021
ATH date: November 17, 2021
11.81%
GYEN ATH: $0.060753
How to trade, convert or sell GYEN
You can convert or sell your GYEN with the same exchange you bought it through:- Sign in to the exchange you have GYEN on.
- If you store your GYEN in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of GYEN you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of GYEN.
- Complete your transaction and move your GYEN 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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