How to buy Koinos (KOIN) in the UK

Where to buy Koinos 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 Koinos wallets to store your KOIN

You can keep your KOIN 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 KOIN below.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Koinos a good investment?

Before rushing out to invest in any cryptocurrency it’s worth researching the token first, as well as its associated platform, and observe what factors might influence its price. In the case of KOIN, here are some elements that should be considered:

• Mana. A central concept of Koinos’ fee-less structure is mana, which is a distinct take based on Ethereum’s gas fees. Essentially, each KOIN owned by a user comes with a mana balance. When KOINs are used to participate in the network, instead of paying fees, KOIN tokens will be locked up while their mana ‘regenerates’. Essentially, users pay for gas fees with opportunity cost, instead of with additional tokens.
• Mining. Unlike most Proof-of-Work consensus mechanisms, a GPU cannot be used to mine KOIN tokens. This somewhat dissuades the use of Application-Specific Integrated Circuits (ASICs) and promotes decentralisation. Mining KOIN tokens instead makes use of computers’ CPUs, so it is accessible to everyday blockchain users instead of being controlled by institutions or whales with computer farms. It’s also worth noting that PoB consensus mechanisms typically leave the lead developers without capital, which is a major reason for its lack of popularity.
• Development team. Koinos has a transparent and established development team which potential investors may wish to research prior to purchasing KOIN. Their CEO (Andrew Levine) and blockchain architect (Michael Vandeberg) were previously employees at Steemit, a blockchain-based social media platform.
• Competition. Although Proof-of-Burn is a relatively unique consensus mechanism in the crypto industry, it isn’t actually that new. The idea for PoB was floated in 2012 by Iain Stewart, and has been implemented by networks other than Koinos. Examples include Slimcoin and Counterparty. It may be worth comparing these platforms to Koinos and determine which you believe has more value, as they could be competing for market share.

Today's Koinos price versus ATH

Compare today's price of Koinos ($0.54113 USD) against its all-time-high price of $1.63 USD on 14 November 2021. The closer the bar is to 100%, the closer KOIN is to reaching its ATH again.

How to trade, convert or sell Koinos

You can convert or sell your KOIN with the same exchange you bought it through:

1. Sign in to the exchange you have KOIN on.
2. If you store your Koinos 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 KOIN you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Koinos.
6. Complete your transaction and move your KOIN 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.