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How to buy Moonriver (MOVR) in the UK

Learn how to buy Moonriver (MOVR) on 3+ crypto exchanges 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.

Moonriver (MOVR) is the 457th largest cryptocurrency by market cap, valued at US$40,223,967.

Moonriver is a highly volatile asset capable of major price swings in a single day. Today MOVR is trading for $5.74 USD, which is higher than yesterday's trading price of $5.66 USD. Over the past year, Moonriver's price has seen a decrease of -72%.

So before you buy Moonriver, 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 Moonriver.

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

Find an exchange to buy, sell and trade MOVR 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*.
1 - 3 of 3
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Uphold - Digital Asset Platform
Uphold - Digital Asset Platform
Bank transfer (ACH), Debit card, Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

214
cryptocurrencies

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Kraken Cryptocurrency Exchange
Finder Award
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD, AED

222
cryptocurrencies

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View details
Kriptomat Cryptocurrency Exchange
EXCLUSIVE
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

347
cryptocurrencies

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How we keep this Moonriver guide up-to-date

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

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 Moonriver?

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 Moonriver.

  • 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 MOVR 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 Moonriver?

The easiest way to buy MOVR 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 MOVR, 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 Moonriver has been performing recently.

Best Moonriver wallets to store your MOVR

You can keep your MOVR 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 MOVR below.

Ledger Nano X Wallet

Trezor Model T Wallet

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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 Moonriver a good investment?

When buying any cryptocurrency it is important to understand the risks associated with the underlying technology. In particular, buyers of MOVR should consider the following:

  • Inflow of developers from Ethereum: As an EVM-compatible blockchain within the Kusama network, an increase or decrease of developers bringing in Ethereum code will likely affect the demand for the native MOVR token. The token is required for all smart contract payments so as the number of developers increases, the number of smart contract executions will likely increase accordingly.
  • Future use-case: There may be a time when the Kusama network no longer benefits the Polkadot blockchain and the canary network is no longer necessary. While unlikely, potential investors should consider if the native cryptocurrency of Moonbeam, GLMR, would hold better investment potential.
  • Fees compared to Polkadot network: One of the main advantages of the Kusama network is the ability to test code and features cheaply. If Polkadot fees are lower in the future, launching pre-tested code directly to Moonbeam and bypassing Moonriver, could hurt the price of MOVR. Likewise, if Polkadot fees increase, the demand for Moonriver and the Kusama network may increase.
  • Competitors securing a parachain slot: Polkadot and Kusama offer 100 slots for protocols to bid DOT or KSM tokens to secure and join the network. It's possible that, in the future, another EVM compatible smart track platform may join the network that could compete with Moonriver to onboard Ethereum developers and builders. Potential investors of MOVR should pay close attention to the projects winning parachain auction slots within both Kusama and Polkadot. While newcomers may prove to be competition, Moonriver and Moonbeam will still likely hold a sizable advantage over any would-be newcomers.
  • Staking: Moonriver uses a delegated Proof-of-Stake model where collators with the highest stake are picked to process transactions and produce network blocks for block rewards. Users can delegate MOVR tokens to collators, thereby increasing a collator's total stake and maintaining their eligibility to author blocks. In return for supporting collators, delegators are rewarded a portion of all block rewards.
  • Questioned tokenomics:While marketed as a leading project on Kusama, Moonriver has received criticism since its launch for its tokenomics. There have also been block issues that have seen the token's value drop significantly. The native cryptocurrency to Moonbeam, GLMR, has also suffered. Make sure to do your own research on community unlocks before taking action.

Today's Moonriver price versus ATH

Compare today's price of Moonriver ($5.74 USD) against its all-time-high price of $494.26 USD on 11 September 2021. The closer the bar is to 100%, the closer MOVR is to reaching its ATH again.

Moonriver's price: $5.74
ATH date: September 11, 2021
1.16%

Moonriver ATH: $494.26


How to trade, convert or sell Moonriver

You can convert or sell your MOVR with the same exchange you bought it through:
  1. Sign in to the exchange you have MOVR on.
  2. If you store your Moonriver 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 MOVR you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Moonriver.
  6. Complete your transaction and move your MOVR to a wallet for storage.
  1. Data by CoinGecko

* 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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