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How to buy IRISnet (IRIS) in the UK

Learn how to buy IRISnet (IRIS) 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.

IRISnet (IRIS) is the 460th largest cryptocurrency by market cap, valued at US$41,826,584.

IRISnet is a highly volatile asset capable of major price swings in a single day. Today IRIS is trading for $0.0273581 USD, which is higher than yesterday's trading price of $0.0256392931 USD. Over the past year, IRISnet's price has seen an increase of 8%.

So before you buy IRISnet, 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 IRISnet.

How to buy IRISnet 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 IRISnet 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 IRISnet
    You can now exchange your funds for IRISnet. 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 IRISnet 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 IRISnet in the UK

Find an exchange to buy, sell and trade IRIS 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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Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

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How we keep this IRISnet guide up-to-date

  • IRIS price data is regularly updated through data feeds so you always have the latest information.
  • IRISnet 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 IRISnet?

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 IRISnet?

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 IRISnet.

  • 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 IRIS 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 IRISnet?

The easiest way to buy IRIS 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 IRIS, 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 IRISnet has been performing recently.

Best IRISnet wallets to store your IRIS

You can keep your IRIS 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 IRIS 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 IRISnet a good investment?

Before you add IRIS to your investment portfolio, you should consider these factors:
  • Technical backing: The protocol is developed using the technical expertise of Bianjie AI, a high-tech firm based in China, and Tendermint, the creators of the Cosmos project. It's also involved in China’s Blockchain Service Network, which is the state-backed blockchain project. Such backing reduces the chance of failure and improves the chances of mass adoption.
  • Liquidity: Due to the backing this project has, its native token IRIS is listed on major crypto exchanges such as Binance, Huobi Global, Crypto.com and Gate.io, which ensures that there is robust liquidity for this token. Due to China’s involvement in this project, it initially focussed on the Chinese and Korean markets, but is now expanding its reach into global markets.
  • Governance: IRIS is also the governance token of the protocol. It has an integral role in its governance. The overall total supply has a 4% inflation rate since the validators are distributed block rewards. The inflation rate is decided through on-chain governance via token holders.

Today's IRISnet price versus ATH

Compare today's price of IRISnet ($0.0273581 USD) against its all-time-high price of $0.299467 USD on 12 April 2021. The closer the bar is to 100%, the closer IRIS is to reaching its ATH again.

IRISnet's price: $0.0273581
ATH date: April 12, 2021
9.14%

IRISnet ATH: $0.299467


How to trade, convert or sell IRISnet

You can convert or sell your IRIS with the same exchange you bought it through:
  1. Sign in to the exchange you have IRIS on.
  2. If you store your IRISnet 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 IRIS you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of IRISnet.
  6. Complete your transaction and move your IRIS to a wallet for storage.
  1. Iris Net
  2. Cosmos Network
  3. Binance
  4. 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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