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How to buy Tokamak Network (TON) in the UK

Learn how to buy Tokamak Network (TON) 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.

Tokamak Network (TON) is the 353rd largest cryptocurrency by market cap, valued at US$70,349,261.

Tokamak Network is a highly volatile asset capable of major price swings in a single day. Today TON is trading for $1.49 USD, which is higher than yesterday's trading price of $1.48 USD. Over the past year, Tokamak Network's price has seen a decrease of -36%.

So before you buy Tokamak Network, 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 Tokamak Network.

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

Find an exchange to buy, sell and trade TON 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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Bank transfer (ACH), Debit card, Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

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How we keep this Tokamak Network guide up-to-date

  • TON price data is regularly updated through data feeds so you always have the latest information.
  • Tokamak Network 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 Tokamak Network?

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 Tokamak Network?

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 Tokamak Network.

  • 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 TON 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 Tokamak Network?

The easiest way to buy TON 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 TON, 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 Tokamak Network has been performing recently.

Best Tokamak Network wallets to store your TON

You can keep your TON 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 TON 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 Tokamak Network a good investment?

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to TON, here are a few things you should consider:

  • Layer-2 interoperability: All layer-2 chains built within the Tokamak network can interact with all other layer-2 chains. The end result may be an ecosystem akin to the ecosystem currently being built using Cosmos. Interoperability is always an attractive aspect for both dApp developers and users.
  • Ethereum native programming: The programming language used on Ethereum is also implemented within the Tokamak protocol. This means dApp developers used to the Ethereum ecosystem can seamlessly transfer across to the Tokamak Network. Lowering the barrier of entry for dApp developers may encourage adoption in the future. Remember to check on any new dApp releases that involve the Tokamak network.
  • Feeless transactions:
    •  High fees are an issue plagued by blockchains, such as Ethereum. Unlike Ethereum, Tokamak offers dApp developers the opportunity to take on transaction fee costs and, therefore, allow users to operate on the network completely free. If dApp developers building on Tokamak take on this charge, the adoption of the network is more likely.
  • Comeptition: By focusing on the scalability issues faced by Ethereum, Tokamak is situated in a heavily saturated market. There are tens of projects focused on the scalability issues faced by blockchains, which means Tokamak will need to compete with each of these for market share. Before investing in TON it might be worth researching other layer-2 scaling networks such as Polygon, Optimism and Arbitrum.

Today's Tokamak Network price versus ATH

Compare today's price of Tokamak Network ($1.49 USD) against its all-time-high price of $30.51 USD on 02 April 2021. The closer the bar is to 100%, the closer TON is to reaching its ATH again.

Tokamak Network's price: $1.49
ATH date: April 02, 2021
4.88%

Tokamak Network ATH: $30.51


How to trade, convert or sell Tokamak Network

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