How to buy Sifchain (EROWAN) in the UK

Where to buy Sifchain in the UK

It looks like EROWAN may not be available to purchase on an exchange in the UK.

You can still purchase EROWAN by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

How to purchase EROWAN using a decentralised exchange.

1. Find EROWAN on a decentralised exchange and make sure Sifchain can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
2. Buy ETH to trade for EROWAN using an exchange like CoinJar. You will need to purchase enough ETH to swap for EROWAN as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
4. Trade ETH for EROWAN on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
5. Wait for the transaction to finalise and the EROWAN tokens will arrive in your wallet.
6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

Best Sifchain wallets to store your EROWAN

You can keep your EROWAN 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 EROWAN below.

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

Is Sifchain 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 eROWAN, here are a few things to consider:

• Relationship between eROWAN and ROWAN: eROWAN is the Ethereum-based equivalent of the native ROWAN token. While ROWAN exists on the Sifchain and, therefore, within the Cosmos ecosystem, eROWAN is the coin’s equivalent developed for the Ethereum blockchain. eROWAN can be swapped 1:1 for ROWAN using the protocol’s bridging mechanism. All eROWAN coins need to be converted to ROWAN to access the native cryptocurrency benefits such as staking and voting rights within the SifDAO.
• Solving a clear problem: By focusing on interoperability Sifchain is aiming to tackle one of the key issues that plague the cryptocurrency industry. If Sifchain can execute its vision well, the project has a chance of capturing market share within the interoperability niche.
• Competition: Although tackling a clear problem, there are several other projects looking to tackle issues faced by interoperability and the exchange of digital assets. Sifchain will need to continually innovate to stay ahead of competing protocols. Future investors should pay close attention to the integration of Sifchain with other layer-1 blockchains such as Avalanche, Polygon, and Terra.

Today's Sifchain price versus ATH

Compare today's price of Sifchain ($0.00021008 USD) against its all-time-high price of $1.41 USD on 17 March 2021. The closer the bar is to 100%, the closer EROWAN is to reaching its ATH again.

How to trade, convert or sell Sifchain

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

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