See more of the best crypto wallets
What are the key risks?
1. You could lose all the money you invest- The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets. This is an altcoin and these tend to be even more volatile than Bitcoin.
- The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
- The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime – in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker.
- The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
- There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
- Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
- Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
- You should do your own research before investing. If something sounds too good to be true, it probably is.
- Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
- A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Where to buy LA in the UK
It looks like LA may not be available to purchase on an exchange in the UK.
You can still purchase LA by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.
Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.
How to purchase LA using a decentralised exchange.
- Find LA on a decentralised exchange and make sure LA can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for LA using an exchange like CoinJar. You will need to purchase enough ETH to swap for LA as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
- Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade ETH for LA on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
- Wait for the transaction to finalise and the LA tokens will arrive in your wallet.
- You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.
You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.
Best LA wallets to store your LA
You can keep your LA 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 LA below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,456+ |
Supported assets 30,000+ |
Price (USD) $149 |
Price (USD) $219 |
Price (USD) $49.99 |
Is LA a good investment?
Due to the volatile and risky nature of the cryptocurrency markets, it is highly critical that you conduct thorough research and due diligence before investing in a certain token. There are a few aspects you should consider before adding LA to your cryptocurrency portfolio:- Supply: LA has a circulating supply of 61 million tokens with a maximum supply of 400 million. Since only 15% of the maximum supply of the token is currently in supply, this is an inflationary asset.
- Largest IEO market: According to Inwara, a research firm, LATOKEN is the largest Initial Exchange Offering market. Since its establishment in 2017, it has connected with over 130 startups and has over 400,000 users of the platform with 1.5 million visitors every month. Entrepreneurs can access funding through LATOKEN IEO Launchpad.
- Tokenisation: The unique value proposition that LATOKEN brings to its users is the tokenisation of assets ranging from stocks, commodities and debt instruments to real estate and artwork. They do this by offering you assets to tokens directly linked to the price of these assets.
- Decentralised Finance (DeFi): The company has launched a decentralised exchange (DEX) that supports ERC-20 standard tokens, LADEX. They are also building a product for the security tokens market called LACHAIN.
Today's LA price versus ATH
Compare today's price of LA ($0.02748376 USD) against its all-time-high price of $1.82 USD on 07 January 2018. The closer the bar is to 100%, the closer LA is to reaching its ATH again.
ATH date: January 07, 2018
LA ATH: $1.82
How to trade, convert or sell LA
You can convert or sell your LA with the same exchange you bought it through:- Sign in to the exchange you have LA on.
- If you store your LA 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 LA you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of LA.
- Complete your transaction and move your LA 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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