How to buy LUKSO (LYXE) in the UK

Where to buy LUKSO in the UK

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

You can still purchase LYXE 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 LYXE using a decentralised exchange.

1. Find LYXE on a decentralised exchange and make sure LUKSO 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 LYXE using an exchange like CoinJar. You will need to purchase enough ETH to swap for LYXE 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 LYXE 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 LYXE 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 LUKSO wallets to store your LYXE

You can keep your LYXE 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 LYXE below.

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

Is LUKSO a good investment?

Whether purchasing LYXe for future use or as an investment, any altcoin carries high risks and it’s important to understand the key features of the token. For LYXe, here are a few factors to consider:

• Supply. There is a maximum supply of 100 million tokens. According to coin aggregator, CoinMarketCap, at the time of writing, the current circulating supply is 15 million. It is expected that when the network is launched in Q4 2021, the circulating supply will increase to 35 million.
• LYX vs LYXe. Both LYX and LYXe represent the same asset, but they exist on different blockchain networks. LYX represents the native token of the LUKSO blockchain and will be used to secure the decentralised infrastructure. It will be used to pay for transaction fees on the blockchain and will be required for those wishing to stake and participate in block production. LYXe are pre-launch tokens that are situated on the Ethereum blockchain. Once LUKSO mainnet has launched, LYXe tokens will migrate to LYX.
• Transaction fees. The future LYX token will be paid by users and collected by block producers. Transaction fees will prevent network spam and reward block validation. The transaction fee on the network will depend on transaction complexity.
• Staking. Once LYXe tokens have migrated to LYX, any token holder can stake in the blockchain network to receive a share of the transaction fees and block rewards.

Today's LUKSO price versus ATH

Compare today's price of LUKSO ($9.92 USD) against its all-time-high price of $41.18 USD on 04 November 2021. The closer the bar is to 100%, the closer LYXE is to reaching its ATH again.

How to trade, convert or sell LUKSO

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

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