How to buy PLEX (PLEX) in the UK

Where to buy PLEX 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.

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.

Best PLEX wallets to store your PLEX

You can keep your PLEX 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 PLEX below.

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

Is PLEX a good investment?

It is good practice to review all aspects of a cryptocurrency and the associated platform before investing. Here are a few things to consider before purchasing PLEX:

• Banking: MinePlex competes in the digital banking services market, which is expected to grow to a market cap of $9 trillion by 2024. This could mean that MinePlex has plenty of market capitalisation to chase in the future. While the market will likely be there, MinePlex will still need to execute its roadmap and vision perfectly to compete.
• Competitors: MinePlex categorises itself as a CrossFi project - a term used to describe hybrid crypto and traditional finance protocols and applications. Its closest competitors appear to be platforms that offer crypto and banking-like services, such as the centralised exchange Crypto.com.
• Scalability: The MinePlex blockchain utilises the same Liquid Proof-of-Stake (LPoS) consensus algorithm as the Tezos blockchain. The LPoS mechanism allows for a transactional capacity of 40 transactions per second (tps). This is approximately 3 times faster than the Ethereum blockchain.
• Token supply: According to the whitepaper, PLEX has been designated 4 emission stages. During the first stage, each new block that is added to the MinePlex blockchain releases 600 new PLEX tokens. The emissions are then set to halve for each subsequent stage. This means that the token will likely become scarcer over time until all 415 million tokens are generated.
• CrossFi: Rather than develop another decentralised finance (DeFi) application that tries to disrupt traditional finance, MinePlex has tried to bridge traditional financial assets with digital currencies. DeFi is often seen as an unknown and is treated with caution by many. Focusing on a bridge between what is familiar and what is new could help to encourage wider user adoption of MinePlex.

Today's PLEX price versus ATH

Compare today's price of PLEX ($0.100453 USD) against its all-time-high price of $2.45 USD on 01 November 2021. The closer the bar is to 100%, the closer PLEX is to reaching its ATH again.

How to trade, convert or sell PLEX

You can convert or sell your PLEX with the same exchange you bought it through:

1. Sign in to the exchange you have PLEX on.
2. If you store your PLEX 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 PLEX you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of PLEX.
6. Complete your transaction and move your PLEX 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.