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How to buy NKN (NKN) in the UK

Learn how to buy NKN (NKN) 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.

NKN (NKN) is the 327th largest cryptocurrency by market cap, valued at US$78,411,818.

NKN is a highly volatile asset capable of major price swings in a single day. Today NKN is trading for $0.120753 USD, which is higher than yesterday's trading price of $0.1128779143 USD. Over the past year, NKN's price has seen an increase of 32%.

So before you buy NKN, 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 NKN.

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

Find an exchange to buy, sell and trade NKN 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
Coinbase Digital Currency Exchange
OFFER
Coinbase Digital Currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

255
cryptocurrencies

Get £5 free with your first trade. T&Cs apply.
Go to site
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

Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
Go to site
View details
Revolut Cryptocurrency App
Revolut Cryptocurrency App
Bank transfer, Debit card, Apple Pay, Google Pay
GBP, USD, EUR, CAD, NZD, JPY, HKD, NOK, DKK & 9 more

98
cryptocurrencies

Go to site
View details
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How we keep this NKN guide up-to-date

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

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 NKN?

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 NKN.

  • 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 NKN 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 NKN?

The easiest way to buy NKN 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 NKN, 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 NKN has been performing recently.

Best NKN wallets to store your NKN

You can keep your NKN 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 NKN 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 NKN a good investment?

Cryptocurrencies are complicated and speculative, so buying any token or coin has a high level of risk. Make sure you’re fully aware of all the risks involved and that you thoroughly research the token or coin before buying. Some of the factors you may like to consider before buying any NKN include:
  • White paper. For an in-depth understanding of how NKN works and the technology behind the platform, take a deep dive into the NKN white paper.
  • Supply. The maximum supply of NKN tokens is 1 billion. According to CoinMarketCap data at the time of writing (April 2021), approximately 58% of those are currently in circulation.
  • Competition. NKN isn’t the only project focused on decentralising the Internet. Several other platforms, from Skycoin to ZeroNet, are working on various aspects of developing a new Internet and tackling similar problems to those NKN aims to overcome. It’s worth researching a range of these projects, plus the approaches they’re taking to decentralisation, before deciding whether to buy any NKN. Network size. In April 2021, NKN made headlines when it announced that its network had reached over 67,000 full consensus nodes, making it the “biggest blockchain in the world” according to Cointelegraph. According to the NKN website as of 30 April 2021, the number of nodes had exceeded 80,000.
  • Coinbase listing. The Coinbase Pro exchange announced it would list NKN tokens in April 2021. This saw the price of NKN experience a brief surge, reflecting a phenomenon commonly referred to as the “Coinbase effect” by FXStreet.

Today's NKN price versus ATH

Compare today's price of NKN ($0.120753 USD) against its all-time-high price of $1.44 USD on 09 April 2021. The closer the bar is to 100%, the closer NKN is to reaching its ATH again.

NKN's price: $0.120753
ATH date: April 09, 2021
8.39%

NKN ATH: $1.44


How to trade, convert or sell NKN

You can convert or sell your NKN with the same exchange you bought it through:
  1. Sign in to the exchange you have NKN on.
  2. If you store your NKN 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 NKN you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of NKN.
  6. Complete your transaction and move your NKN to a wallet for storage.
  1. NKN Whitepaper
  2. FXStreet: 'Coinbase effect' hits 1inch, Enjin Coin, NKN, and Origin Token ahead of listing
  3. Cointelegraph: New Kind of Network (NKN) gains 340% to become ‘the biggest blockchain in the world’
  4. 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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