Log in Join

How to buy TomoChain (TOMO) in the UK

Learn how to buy TomoChain (TOMO) in our step-by-step guide.

Promoted
Kriptomat Cryptocurrency Exchange logo

Buy TomoChain today

  • Own TOMO & 345+ other cryptoassets
Go to site
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

TomoChain (TOMO) is the 229th largest cryptocurrency by market cap, valued at US$129,895,050.

TomoChain is a highly volatile asset capable of major price swings in a single day. Today TOMO is trading for $1.35 USD, which is lower than yesterday's trading price of $1.36 USD. Over the past year, TomoChain's price has seen an increase of 136%.

So before you buy TomoChain, 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 TomoChain.

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

Find an exchange to buy, sell and trade TOMO 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 - 1 of 1
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
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.
Go to site
View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
loading

How we keep this TomoChain guide up-to-date

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

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 TomoChain?

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 TomoChain.

  • 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 TOMO 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 TomoChain?

The easiest way to buy TOMO 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 TOMO, 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 TomoChain has been performing recently.

Best TomoChain wallets to store your TOMO

You can keep your TOMO 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 TOMO below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
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 TomoChain a good investment?

Below are the aspects you should consider before investing in TOMO:
  • Fast and scalable: TomoChain’s functional output depends on a set-up that includes a total of 150 masternodes. These masternodes make use of a Proof of Stake Voting (PoSV) consensus model to help facilitate transactions that are not only instant but also feature very little transfer fees.
  • High throughput: While Bitcoin is currently able to process around 5-7 transactions (tx) per second and Ethereum is able to handle around 20, TomoChain claims to offer a transaction throughput rate of around 2,000 transactions.
  • Solid backing team: The project is headed by co-founder and CEO Long Vuong, who has previously been associated with a number of high-profile projects, including NEM. Le Ho is TomoChain’s co-founder and CFO. She has previously served as the director for HSC Securities’ Investment Banking Division. Lastly, the company has also been able to bring onboard its advisory panel a number of reputable industry leaders including Roger Lim from NEO Global Capital and Kambria co-founder Thuc Vu.
  • Employs sharding: To help with its scalability efforts, TomoChain employs sharding, wherein data sets are broken down into smaller fragments that are subsequently processed in conjunction with each other, thus allowing for faster information relay within the network.
  • Token supply mechanics: TomoChain also makes use of a variable supply token model, wherein a total of 100 million TOMO can come into existence during the first 8 years of the project’s life cycle. However, following this period, the platform’s masternodes have the option of increasing the currency’s total supply by 0.5-1 million tokens per year (which works out to an inflation rate of around 0.5%-1% per annum).

Today's TomoChain price versus ATH

Compare today's price of TomoChain ($1.35 USD) against its all-time-high price of $3.88 USD on 06 September 2021. The closer the bar is to 100%, the closer TOMO is to reaching its ATH again.

TomoChain's price: $1.35
ATH date: September 06, 2021
34.79%

TomoChain ATH: $3.88


How to trade, convert or sell TomoChain

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

More guides on Finder

Go to site