How to buy Sologenic (SOLO) in the UK

Sologenic (SOLO) is the 425th largest cryptocurrency by market cap, valued at US$48,308,479.

Sologenic is a highly volatile asset capable of major price swings in a single day. Today SOLO is trading for $0.121155 USD, which is higher than yesterday's trading price of $0.1169290666 USD. Over the past year, Sologenic's price has seen a decrease of -55%.

So before you buy Sologenic, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy Sologenic.

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

Where to buy Sologenic in the UK

Find an exchange to buy, sell and trade SOLO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

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

Best Sologenic wallets to store your SOLO

You can keep your SOLO 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 SOLO below.

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

Is Sologenic a good investment?

Decentralised exchanges aren’t exactly thin on the ground in the crypto space – so what are the things you should look out for when deciding which one to invest in?

• Real world use-cases. Sologenic’s main point of difference is that it’s built on the Ripple ledger. Ripple is aimed at institutional use and has been working in the cross-border payments sphere for some years now. The main point of Sologenic is that it can provide high levels of speed and reliable transaction settlement times. Aside from trading tokenising assets, they are also set to offer payments cards and a brokerage solution.
• Availability. At the time of writing (June 2021), outside the Sologenic ecosystem the SOLO tokens can only be traded on 11 exchanges, and they are not available on the most popular players like Binance or Coinbase.
• Project development. Sologenic is an ambitious project attempting to revolutionise the trading of assets across borders. While this is promising, it’s best to quell these expectations and see it instead as an exchange solution that takes the strengths of the Ripple network and builds on them to allow a speedy trading experience, while following the progression of the protocol.

Today's Sologenic price versus ATH

Compare today's price of Sologenic ($0.121155 USD) against its all-time-high price of $6.55 USD on 02 December 2021. The closer the bar is to 100%, the closer SOLO is to reaching its ATH again.

How to trade, convert or sell Sologenic

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

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