How to buy Lambda (LAMB) in the UK

Learn how to buy Lambda (LAMB) 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.

Lambda (LAMB) is the 1283rd largest cryptocurrency by market cap, valued at US$4,361,914.

Lambda is a highly volatile asset capable of major price swings in a single day. Today LAMB is trading for $0.00234049 USD, which is higher than yesterday's trading price of $0.002252589 USD. Over the past year, Lambda's price has seen an increase of 34%.

So before you buy Lambda, 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 Lambda.

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

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

347
cryptocurrencies

Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
CEX.IO Cryptocurrency Exchange
Bank transfer (ACH), Credit card, Bank transfer (SEPA), Faster Payments Service, Skrill
USD, EUR, GBP, RUB

144
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
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How we keep this Lambda guide up-to-date

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

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 Lambda?

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 Lambda.

  • 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 LAMB 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 Lambda?

The easiest way to buy LAMB 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 LAMB, 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 Lambda has been performing recently.

Best Lambda wallets to store your LAMB

You can keep your LAMB 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 LAMB below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

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 Lambda a good investment?

Cryptocurrencies are a highly volatile asset class. As a result, a thorough risk assessment should be completed before any investment is made. Here are a few factors to consider before purchasing LAMB:
  • Novel operational design: Lambda utilises a blockchain-based data storage set-up that allows users to meet all digital repository needs seamlessly. The system offers a unique way to tackle data storage, which could become a significant issue for most decentralised applications in the future.
  • Unique features: The platform’s design makes use of a distributed intelligent computing framework and sharding technology. The combination means the ecosystem can process millions of requests per second (RPS). This is significantly higher than the capabilities of most current blockchains, which may encourage adoption.
  • Future-ready: Thanks to its use of "sub-chain technology", Lambda could help ease various transactional issues that have kept many prominent crypto projects from reaching true scalability. If mass adopted by blockchains and dApps, the demand for LAMB could rise accordingly.
  • Fixed supply: LAMB has a maximum supply of 10 billion, with 1.4 billion currently in circulation. According to CoinMarketCap, the cryptocurrency can be accessed via several prominent crypto exchanges including OKEx, Huobi Global and HitBTC, which means accessibility is relatively high.

Today's Lambda price versus ATH

Compare today's price of Lambda ($0.00234049 USD) against its all-time-high price of $0.27618 USD on 30 July 2019. The closer the bar is to 100%, the closer LAMB is to reaching its ATH again.

Lambda's price: $0.00234049
ATH date: July 30, 2019
0.85%

Lambda ATH: $0.27618


How to trade, convert or sell Lambda

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