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How to buy Status (SNT) in the UK

Learn how to buy Status (SNT) on 3+ crypto exchanges in our step-by-step guide.

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

Status (SNT) is the 286th largest cryptocurrency by market cap, valued at US$91,595,100.

Status is a highly volatile asset capable of major price swings in a single day. Today SNT is trading for $0.02322183 USD, which is lower than yesterday's trading price of $0.0232844092 USD. Over the past year, Status's price has seen a decrease of -34%.

So before you buy Status, 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 Status.

How to buy Status 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 Status 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 Status
    You can now exchange your funds for Status. 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 Status 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 Status in the UK

Find an exchange to buy, sell and trade SNT 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 - 3 of 3
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

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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.
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View details
Kriptomat Cryptocurrency Exchange
EXCLUSIVE
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

347
cryptocurrencies

Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
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How we keep this Status guide up-to-date

  • SNT price data is regularly updated through data feeds so you always have the latest information.
  • Status 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 Status?

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 Status?

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 Status.

  • 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 SNT 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 Status?

The easiest way to buy SNT 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 SNT, 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 all-time high tool to get an idea of how the price of Status has been performing recently.

Best Status wallets to store your SNT

You can keep your SNT 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 SNT below.

Ledger Nano X Wallet

Trezor Model T Wallet

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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 Status a good investment?

Cryptocurrencies are highly speculative assets, so it is important to perform due diligence before investing. If you’re thinking of buying SNT, remember to consider the following:

  • dApp availability. A significant portion of the Status platform's use-case (and ensuing popularity) is determined by the dApps hosted on the network. The more high-profile applications available on Status, the more popular the platform is likely to be. You can keep up-to-date on the partnered dApps on the Status website. Anybody can register dApps on Status.
  • Competition. Status is not only competing with smartphone-based IM services on the blockchain, but those on the regular web too. This includes Facebook Messenger, WeChat, WhatsApp, Kik and many others. Then, Status is also competing with app stores like the Google Play and iOS store, which also provide applications to a device. Not only do these companies have much greater brand recognition, they also have millions of apps available for download.
  • Push notification payment. A key element of the Status ecosystem is reconfiguring how push notifications are stored and sent on a decentralised system. For a user to receive a decentralised push notification, they must either make a microtransaction or view an advertisement. This is a rather large hurdle to overcome, given that the vast majority of push notifications from centralised applications are free. This may significantly impact levels of adoption among regular social media users.

Today's Status price versus ATH

Compare today's price of Status ($0.02322183 USD) against its all-time-high price of $0.684918 USD on 03 January 2018. The closer the bar is to 100%, the closer SNT is to reaching its ATH again.

Status's price: $0.02322183
ATH date: January 03, 2018
3.39%

Status ATH: $0.684918


How to trade, convert or sell Status

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