How to buy PAC Protocol (PAC) in the UK

Learn how to buy PAC Protocol (PAC) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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

Where to buy PAC Protocol in the UK

Unfortunately, at this time no major exchanges in the UK offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.


What to consider when buying PAC Protocol

If you are wondering whether or not to buy PAC, it's integral to ensure you understand the coin's function and the underlying platform's intended purpose. Here are a few factors to consider regarding PAC Protocol:

  • Applications: To fully participate in the PAC Protocol ecosystem, you may wish to engage with one of their two native applications. To use PAC as a digital currency, the developers recommend downloading PACapp, which is supported on Android and Apple devices. Alternatively, if you wish to maximise the potential of your PAC holdings, you should consider installing yanSAFE in order to stake your tokens. Keep in mind that staking is not without its risks, which you can read about here.
  • Competition: Cryptocurrency intending to make global, digital payments fast and secure isn’t a novel concept within the blockchain space. A huge number of projects aim to do exactly that, and PAC Protocol will need to compete with these other currencies to see strong adoption rates. Potential competitors include Ripple and Stellar Lumens. However, PAC Protocol does have a point of difference that may keep it relevant due to its ongoing dApp development and growing use-cases.
  • Decentralisation: PAC Protocol has one of the largest distributions of nodes on a masternode network seen within the blockchain industry. With over 22,000 nodes securing the network, decentralisation is a key goal of the PAC Protocol project.
  • App development: PAC Protocol have recognised the strength of their huge network and applied it to more than just executing financial transactions – creating apps such as yanNETWORK and yanDNA. NETWORK is intended as an InterPlanetary File System (IPFS) focussed on file storage and sharing, while DNA is an entry into the identity verification (IDV) market that is becoming more and more synonymous with blockchain technology.

How to sell PAC Protocol

You can cash out your PAC with the same exchange you bought it through:

  1. Sign in to the exchange you have PAC on.
    If you store your PAC Protocol in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of PAC you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of PAC Protocol.

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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2 Responses

  1. Default Gravatar
    PaulFebruary 7, 2018

    What is the pac coin future?

    • Avatarfinder Customer Care
      JhezFebruary 17, 2018Staff

      Hi Paul,

      Thank you for your comment.

      As cryptocurrency is highly volatile and unpredictable, we may not be able to exactly tell the future performance of PacCoin. But devoted community for this altcoin sees this to be microtransaction-friendly “internet penny.”

      If you are interested in investing in this coin, best to continue check its market cap and overall performance in the network.

      Hope this helps.

      Regards,
      Jhezelyn

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