How to buy Oxygen (OXY) in the UK

Learn how to buy Oxygen (OXY) 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.

Oxygen (OXY) is the 1503rd largest cryptocurrency by market cap, valued at US$2,790,765.

Oxygen is a highly volatile asset capable of major price swings in a single day. Today OXY is trading for $0.01379581 USD, which is lower than yesterday's trading price of $0.0143956674 USD. Over the past year, Oxygen's price has seen a decrease of -84%.

So before you buy Oxygen, 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 Oxygen.

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

Find an exchange to buy, sell and trade OXY 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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USD, EUR, GBP, JPY, CAD, CHF, AUD, AED

222
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How we keep this Oxygen guide up-to-date

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

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 Oxygen?

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 Oxygen.

  • 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 OXY 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 Oxygen?

The easiest way to buy OXY 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 OXY, 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 Oxygen has been performing recently.

Best Oxygen wallets to store your OXY

You can keep your OXY 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 OXY 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 Oxygen a good investment?

Not all altcoins provide solid investment choices. This is why it is crucial to complete your own research before investing. If you are looking to invest in Oxygen tokens, here are a few things to consider:
  • Age: OXY was lanched in late 2020, which means that the coins are relatively young. Historically, new tokens tend to perform well early on and then steady as the market adjusts. Consider whether you want to gain exposure to a relatively untested token.
  • Team: Strong cryptocurrencies are backed by strong development teams. Oxygen is backed by an impressive team led by Alex Grebnev. Grebnev holds over 16 years of investment banking experience. Alongside him is Viktor Mangazeev. Mangazeev is a serial technology entrepreneur who has worked as Chief Innovation Officer for several large companies in the past.
  • Strategic partnerships: Oxygen’s strategic investors and partners include FTX, CMS, Genesis Capital, Alameda Research, Serum and Multicoin. These partnerships add credibility to the relatively young platform.
  • Low entry barrier: The Oxygen platform has been intuitively designed for ease of use. A user simply has to create a pool, deposit their assets into the pool, and mark which assets can be lent out and on what terms. Lenders will then automatically be matched with borrowers. The platform’s ease of use may attract wider adoption in the future.

Today's Oxygen price versus ATH

Compare today's price of Oxygen ($0.01379581 USD) against its all-time-high price of $4.16 USD on 16 March 2021. The closer the bar is to 100%, the closer OXY is to reaching its ATH again.

Oxygen's price: $0.01379581
ATH date: March 16, 2021
0.33%

Oxygen ATH: $4.16


How to trade, convert or sell Oxygen

You can convert or sell your OXY with the same exchange you bought it through:
  1. Sign in to the exchange you have OXY on.
  2. If you store your Oxygen 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 OXY you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Oxygen.
  6. Complete your transaction and move your OXY 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.

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