How to buy LockTrip (LOC) in the UK

Where to buy LockTrip in the UK

It looks like LOC may not be available to purchase on an exchange in the UK.

You can still purchase LOC 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.

How to purchase LOC using a decentralised exchange.

1. Find LOC on a decentralised exchange and make sure LockTrip can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
2. Buy ETH to trade for LOC using an exchange like CoinJar. You will need to purchase enough ETH to swap for LOC 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.
3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
4. Trade ETH for LOC on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
5. Wait for the transaction to finalise and the LOC tokens will arrive in your wallet.
6. 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 LockTrip wallets to store your LOC

You can keep your LOC 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 LOC below.

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

Is LockTrip a good investment?

Below are a few aspects which you should be aware of before you invest in LOC:

• Supply. There is a limited supply of LOC tokens of 18,585,933 tokens. Unlike many inflationary tokens in the market, these tokens being limited could often entail them being perceived as being more scarce and thus, highly valued. With each booking being made, the supply would keep shrinking.
• Smart Contracts. The platform runs on smart contracts which enable managing customer/host relationships and is programmed to manage scenarios with the native utility token, LOC. The LockTrip dApp is built on the Ethereum Virtual Machine (EVM) serving as a single open-source location, free to use by anyone across the globe, where all properties/hotels available for booking will be visible to all.
• Lower cost. The purpose of the LockTrip project is to connect customers to the property owners/hotels directly. This would mean removing the middlemen involved which would result in lower travel expenses for customers and more competitive pricing for hotels and property owners, on average passing on a benefit of about 20% to the customer.
• Roadmap. LockTrip developers are expanding the use case of the dApp which currently includes booking hotels and flights. The team has plans to expand into other service areas including parking spot rental, bike rental, car rentals. They also have a project in the entertainment industry called EVEDO, which is in the IEO stage and will be built on the LockTrip blockchain so it can leverage its unique features.

Today's LockTrip price versus ATH

Compare today's price of LockTrip ($0.548735 USD) against its all-time-high price of $11.34 USD on 27 June 2021. The closer the bar is to 100%, the closer LOC is to reaching its ATH again.

How to trade, convert or sell LockTrip

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

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