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How to buy Syscoin (SYS) in the UK

Learn how to buy Syscoin (SYS) 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.

Syscoin (SYS) is the 285th largest cryptocurrency by market cap, valued at US$94,897,531.

Syscoin is a highly volatile asset capable of major price swings in a single day. Today SYS is trading for $0.133294 USD, which is higher than yesterday's trading price of $0.1285927767 USD. Over the past year, Syscoin's price has seen a decrease of -38%.

So before you buy Syscoin, 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 Syscoin.

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

Find an exchange to buy, sell and trade SYS 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*.
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EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

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How we keep this Syscoin guide up-to-date

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

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 Syscoin?

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 Syscoin.

  • 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 SYS 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 Syscoin?

The easiest way to buy SYS 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 SYS, 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 Syscoin has been performing recently.

Best Syscoin wallets to store your SYS

You can keep your SYS 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 SYS 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 Syscoin a good investment?

Cryptocurrencies are complex and speculative, and there are myriad risks you should consider before deciding whether to buy or hold any crypto. If you’re thinking of buying SYS, be sure to take the following factors into account:

  • Use-case: The Syscoin blockchain has a number of potential use-cases. Sending and receiving SYS, participating in a huge number of decentralised marketplaces and synthesising your own tokens are some of the most common platform uses. Syscoin customers can also send encrypted messages, as well as create and transfer digital certificates (mostly used for data storage).
  • Adoption: With Syscoin, Bitcoin and Zcash the only acceptable tender on the decentralised BlockMarket, the price of Syscoin might be tied to its uptake. As more users join and use the marketplace, it is possible that the Syscoin team will eventually adopt Syscoin as the only accepted form of payment on the platform. However, if adoption is slow BTC and ZEC may remain essential to the operation of the Syscoin marketplace.
  • Competition and partnerships: Syscoin initially planned to become something like the Amazon of the decentralised web, however such an ambitious goal will naturally have roadblocks. For starters, Amazon itself is a key competitor of Syscoin’s BlockMarket, as is P2P marketplace eBay. Instead of having to contend with these e-commerce giants, Syscoin may see more success in partnering with them, which they have suggested is a long-term goal of the platform. The project’s expansion into being a smart contract platform for businesses has also helped diversify into niches that should help with adoption.

Today's Syscoin price versus ATH

Compare today's price of Syscoin ($0.133294 USD) against its all-time-high price of $1.3 USD on 02 January 2022. The closer the bar is to 100%, the closer SYS is to reaching its ATH again.

Syscoin's price: $0.133294
ATH date: January 02, 2022
10.25%

Syscoin ATH: $1.3


How to trade, convert or sell Syscoin

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