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How to buy sUSD (SUSD) in the UK

Learn how to buy sUSD (SUSD) in our step-by-step guide.

Where to buy sUSD in the UK

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

You can still purchase SUSD 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.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase SUSD using a decentralised exchange.
  1. Find SUSD on a decentralised exchange and make sure sUSD 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 SUSD using an exchange like CoinJar. You will need to purchase enough ETH to swap for SUSD 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 SUSD 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 SUSD 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 sUSD wallets to store your SUSD

You can keep your SUSD 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 SUSD 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 sUSD a good investment?

When deciding on whether to invest in sUSD, there are a few factors to consider that may impact the price:
  • Accessibility. Newcomers to cryptocurrency may be dissuaded from investment by the relative difficulty of buying sUSD. You cannot purchase this token using fiat currency and it is not available on most major exchanges. To purchase sUSD, you must first purchase another crypto coin (ETH or SNX). Not only can this be intimidating, it also means extra transactions and, therefore, extra transaction fees.
  • Use case. Typically, investors wouldn’t purchase stablecoins like sUSD with a view to its price rising. If the token is performing correctly, its value shouldn’t deviate more than 1 cent from $1 USD. Stablecoins have a number of other appealing features, including as a bridge between traditional finance and crypto, a stable value during periods of high volatility, and staking/liquidity rewards.
  • Competition. Stablecoins are continuing to be developed regularly, as the demand for DeFi platforms and associated tokens grows. Though stablecoins often have different purposes, there are still a number of synthetic coins that track the price of USD. Comparing the benefits of sUSD to competitors (like Tether and USDC) will help give you a more rounded perspective on the coin. .

Additional information about sUSD can be found using our SUSD analysis tools.

Today's sUSD price versus ATH

Compare today's price of sUSD ($0.996806 USD) against its all-time-high price of $2.45 USD on 18 February 2020. The closer the bar is to 100%, the closer SUSD is to reaching its ATH again.

sUSD's price: $0.996806
ATH date: February 18, 2020
40.69%

sUSD ATH: $2.45


How to trade, convert or sell sUSD

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