Great exchange for UK & AU
Great exchange for UK & AU
- Buy OXT and 50+ other cryptos
- Suitable platform for beginners
- Pay with GBP
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.
How to buy Orchid Protocol (OXT) in the UK
Learn how to buy Orchid Protocol (OXT) on 8+ crypto exchanges in our step-by-step guide.
Orchid Protocol (OXT) is in the top 1,000 cryptocurrencies by market cap, valued at US$39,508,645.
Orchid Protocol is a highly volatile asset capable of major price swings in a single day. Today OXT is trading for $0.066782 USD, which is higher than yesterday's trading price of $0.0662268797 USD. Over the past year, Orchid Protocol's price has seen a decrease of -46%.
So before you buy Orchid Protocol, 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 use to buy Orchid Protocol.
How to buy Orchid Protocol 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.
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Compare crypto exchanges
The easiest way to buy Orchid Protocol 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.
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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.
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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.
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Buy Orchid Protocol
You can now exchange your funds for Orchid Protocol. 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 Orchid Protocol 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 Orchid Protocol in the UK
Find an exchange to buy, sell and trade OXT 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*.
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How we keep this Orchid Protocol guide up-to-date
- OXT price data is regularly updated through data feeds so you always have the latest information.
- Orchid Protocol 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 Orchid Protocol?
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 Orchid Protocol?
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 Orchid Protocol.
- 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 OXT 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 Orchid Protocol?
The easiest way to buy OXT 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 OXT, 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 Analysis tools to get an idea of how the price of Orchid Protocol has been performing recently.
Best Orchid Protocol wallets to store your OXT
You can keep your OXT 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 OXT below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is Orchid Protocol a good investment?
Investing in any cryptocurrency should not be taken lightly due to price volatility. Due diligence on both the platform and tokenomics should always be completed. Here are some things to consider for Orchid:- Unique Setup: Orchid seeks to play a major privacy-preserving role in Ethereum’s web3 stack. It does so by offering users an incentivized peer-to-peer privacy network — that has been bolstered through a decentralized VPN module — thereby allowing them to gain private access to the world wide web in a highly secure fashion. In terms of payment, users are required to pay Orchid node operators to meet their bandwidth requirements. Similarly, VPN operators using the protocol need to stake OXT tokens in order to sell their bandwidth. Prospective users can view a detailed list of all the available VPN operators using an Ether smart contract.
- Solid backing team. The team behind Orchid boasts of individuals like Dr. Steven Waterhouse, who is the cofounder of Pantera Capital and RPX as well as a board member for prominent cryptocurrency exchange Bitstamp. Other prominent members include Jay Freeman — the man behind Cydia, a market for jailbroken iPhones — and Gustav Simonsson, a digital scientist and ethical hacker who previously worked for the Ethereum Foundation.
- Industry support. Since Orchid Labs’ inception, the team responsible for creating the Orchid protocol has raised money from several mainstream players, including reputable venture capital firms such as Andreessen Horowitz, Sequoia and Polychain Capital. Not only that, the company has also been able to rope in support from numerous high-profile angel investors such as Roger Ver, Naval Ravikant, Gavin Wood and more.
- Limitations. While the idea behind Orchid is quite innovative, some online reviewers report web browsing speeds can drastically dip at specific times, causing a less than ideal browsing experience — especially when streaming high-quality videos or playing multiplayer games online.
Additional information about Orchid Protocol can be found using our OXT analysis tools.
Today's Orchid Protocol price versus ATH
Compare today's price of Orchid Protocol ($0.066782 USD) against its all-time-high price of $1.026 USD on 05 April 2021. The closer the bar is to 100%, the closer OXT is to reaching its ATH again.
Orchid Protocol's price: $0.066782
ATH date: April 05, 2021
ATH date: April 05, 2021
6.51%
Orchid Protocol ATH: $1.026
How to trade, convert or sell Orchid Protocol
You can convert or sell your OXT with the same exchange you bought it through:- Sign in to the exchange you have OXT on.
- If you store your Orchid Protocol 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 OXT you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Orchid Protocol.
- Complete your transaction and move your OXT to a wallet for storage.
Get started with crypto
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* 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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