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Where to buy ScPrime 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 ScPrime wallets to store your SCP
You can keep your SCP 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 SCP 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+ |
Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
Is ScPrime a good investment?
SCP is an integral part of the ScPrime decentralised cloud storage protocol. However, when it comes to altcoins, innovation does not guarantee returns, which is why it is extremely important to evaluate both the token and associated protocol. Here are a few factors to consider before investing in SCP:
- Competition: ScPrime has entered a a competitive data storage market. Centralised storage providers such as Google, and Amazon hold the lions share of data storage capabilities. ScPrime will need to offer a product that is substantially cheaper and that is just as secure to stand a chance of capturing market share. The number of users will ultimately influence the demand for the native SCP token.
- Providing storage:To provide data storage to the ScPrime network users are required to provide SCP tokens as collateral. The amount of collateral is determined by the contract between the storage provider and renter. Storage providers also require the necessary hardware. Although ScPrime offers a hardware unit known as a Xa-Miner, hardware requirements might be out of reach for some users. It is recommended within ScPrime documentation that only those that are willing to commit to several years of storage provision should consider becoming a Storage Provider within the network. While the Xa-Miner hardware lowers hardware requirements a user will need to be familiar with command code and be willing to stake significant amounts of SCP collateral.
- Tokenomics: Upon launch, 300,000 SCP tokens were gifted to the original development team. Approximately 52,000 were sent to mining pool operators. 200,000 were kept for initial project expenses. 1.75 million were kept for the SCP Storage Provider program. 628,000 were allocated to exchange listings and the final 7.6 million were used during an initial airdrop. There is also no capped supply for the token. New tokens are rewarded to miners as each new block is added to the blockchain. This mining reward is set to decrease with time. After block 105,000, 10% of all project fees will be burned to reduce token inflation.
Today's ScPrime price versus ATH
Compare today's price of ScPrime ($0.135909 USD) against its all-time-high price of $3.47 USD on 09 January 2022. The closer the bar is to 100%, the closer SCP is to reaching its ATH again.
ATH date: January 09, 2022
ScPrime ATH: $3.47
How to trade, convert or sell ScPrime
You can convert or sell your SCP with the same exchange you bought it through:- Sign in to the exchange you have SCP on.
- If you store your ScPrime 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 SCP you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of ScPrime.
- Complete your transaction and move your SCP 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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