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How to buy Spell (SPELL) in the UK

Learn how to buy Spell (SPELL) on 5+ crypto exchanges in our step-by-step guide.

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Spell (SPELL) is the 362nd largest cryptocurrency by market cap, valued at US$67,218,547.

Spell is a highly volatile asset capable of major price swings in a single day. Today SPELL is trading for $0.00058045 USD, which is lower than yesterday's trading price of $0.0005854301 USD. Over the past year, Spell's price has seen a decrease of -53%.

So before you buy Spell, 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 use to buy Spell.

How to buy Spell in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Spell is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Spell
    You can now exchange your funds for Spell. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Spell to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy Spell in the UK

Find an exchange to buy, sell and trade SPELL 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*.
1 - 5 of 5
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Uphold - Digital Asset Platform
Uphold - Digital Asset Platform
Bank transfer (ACH), Debit card, Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

214
cryptocurrencies

Go to site
View details
Kraken Cryptocurrency Exchange
Finder Award
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD, AED

222
cryptocurrencies

Go to site
View details
Coinbase Digital Currency Exchange
OFFER
Coinbase Digital Currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

255
cryptocurrencies

Get £5 free with your first trade. T&Cs apply.
Go to site
View details
Revolut Cryptocurrency App
Revolut Cryptocurrency App
Bank transfer, Debit card, Apple Pay, Google Pay
GBP, USD, EUR, CAD, NZD, JPY, HKD, NOK, DKK & 9 more

98
cryptocurrencies

Go to site
View details
Gemini Cryptocurrency Exchange
OFFER
Gemini Cryptocurrency Exchange
Debit card, Apple Pay, Google Pay, SWIFT
GBP, EUR

106
cryptocurrencies

View details
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How we keep this Spell guide up-to-date

  • SPELL price data is regularly updated through data feeds so you always have the latest information.
  • Spell performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Spell?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Spell?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Spell.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing SPELL with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy Spell?

The easiest way to buy SPELL is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying SPELL, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Spell has been performing recently.

Best Spell wallets to store your SPELL

You can keep your SPELL 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 SPELL below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

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

Is Spell a good investment?

SPELL is pegged to a host of stablecoin-styled assets and thus seeks to minimize any value fluctuations that most other cryptos are subject to. Here are a few key pointers regarding the project worth bearing in mind before investing:

  • Future ready design: As per CoinmarketcapCoinmarketcap SPELL’s parent platform Abracadabra uses a technology called ‘Kashi Lending’ that allows users to utilize ‘isolated lending markets’ and thus greatly regulate (and effectively minimize) their risk tolerance ratios (in accordance with the collateral they may be looking to use).
  • Stability centric liquidity setup:In stark contrast to many other platforms, users are afforded the opportunity to provide liquidity in relation to any token such that if the currency pair loses its liquidity only that pair is affected. As a result, they can leverage their interest-bearing token positions quite easily.
  • Useful for many different purposes: According to the official project whitepaper whitepaper Spell Token can be used not only for farming liquidity but also for staking purposes. Additionally, they can also be used to secure the network as well as accruing voting rights.
  • Multichain support enabled:It is important to remember that Spell Token’s parent platform Abracadabra is designed to be compatible with a number of different chains. As a result, SPELL can be used seamlessly across a host of protocols including Ethereum, Avalanche, Fantom and Arbitum.

Additional information about Spell can be found using our SPELL analysis tools.

Today's Spell price versus ATH

Compare today's price of Spell ($0.00058045 USD) against its all-time-high price of $0.03506357 USD on 02 November 2021. The closer the bar is to 100%, the closer SPELL is to reaching its ATH again.

Spell's price: $0.00058045
ATH date: November 02, 2021
1.66%

Spell ATH: $0.03506357


How to trade, convert or sell Spell

You can convert or sell your SPELL with the same exchange you bought it through:
  1. Sign in to the exchange you have SPELL on.
  2. If you store your Spell 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 SPELL you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Spell.
  6. Complete your transaction and move your SPELL to a wallet for storage.
  1. Data by CoinGecko

* 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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