See more of the best crypto wallets
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
What are the key risks?
1. You could lose all the money you invest- The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets. This is an altcoin and these tend to be even more volatile than Bitcoin.
- The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
- The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime – in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker.
- The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
- There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
- Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
- Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
- You should do your own research before investing. If something sounds too good to be true, it probably is.
- Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
- A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Where to buy Pocket Network 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 Pocket Network wallets to store your POKT
You can keep your POKT 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 POKT below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,456+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $219 |
Price (USD) $49.99 |
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is Pocket Network a good investment?
As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to POKT, here are a few things you should consider:
- Supported blockchains: One of Pocket Network’s key goals is to support well over 100 blockchains as the Web 3.0 ecosystem evolves. How successful the project is in achieving this may play a major role in the eventual adoption and price movement of the POKT token. Given that Pocket Network intends to maintain a zero-downtime, scalable solution for app developers, a lack of blockchain accessibility would present a major roadblock in the protocol’s future.
- Rewards: Pocket Network’s protocol rewards node operators in a unique manner. Most other blockchains have a fixed reward rate for validators, however stakers receive POKT relative to how many transactions and relays occur within a given block. Due to this, it is actually beneficial for node runners to spread their staked POKT across different nodes, instead of putting it all into one. A minimum of 15,000 POKT is required to begin staking. Developers wishing to use Pocket Network’s infrastructure must also stake POKT.
- Whitepaper: For a greater understanding of the Pocket Network project’s goals, tech stacks and developers, it may be worth reading their whitepaper.
- Inflationary: POKT tokens are designed to be inflationary for their entire life-cycle, which may prevent some potential growth in the asset’s value. This will be offset somewhat by a burning policy put in place by the networks decentralised autonomos organisation (DAO).
Today's Pocket Network price versus ATH
Compare today's price of Pocket Network ($0.02840164 USD) against its all-time-high price of $3.11 USD on 16 January 2022. The closer the bar is to 100%, the closer POKT is to reaching its ATH again.
Pocket Network's price: $0.02840164
ATH date: January 16, 2022
ATH date: January 16, 2022
0.91%
Pocket Network ATH: $3.11
How to trade, convert or sell Pocket Network
You can convert or sell your POKT with the same exchange you bought it through:- Sign in to the exchange you have POKT on.
- If you store your Pocket Network 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 POKT you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Pocket Network.
- Complete your transaction and move your POKT 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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