How to buy Ultra (UOS) in the UK

Where to buy Ultra in the UK

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

You can still purchase UOS 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.

How to purchase UOS using a decentralised exchange.

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

You can keep your UOS 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 UOS below.

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

Is Ultra a good investment?

When investing in cryptocurrency, it’s good practice to research the potential factors that may influence the token’s price. In the case of UOS, you might want to consider:

• Development. As of July 2021, the Ultra platform is devoid of features, though they have created a few videos mocking what various elements of the finished site will look like. While getting into a project early has its benefits, less speculative investors may want to wait until the Ultra platform is fully launched. Users can sign up to the mailing list to receive the latest information.
• Competition. Not only is Ultra competing with other blockchain-based gaming services, but it is attempting to disrupt a monopoly. This means going head-to-head with juggernauts such as Google, Valve and Apple. This may seem like an impossible task, but Ultra has partnered with significant companies in the gaming world, including AMD and Ubisoft.
• Revenue distribution model. Whereas most gaming companies will take a cut of 30% from the developer’s revenue, Ultra is set up to only take half of this figure. Whether such a comparatively low figure is sustainable may influence the longevity of the project.

Today's Ultra price versus ATH

Compare today's price of Ultra ($0.202918 USD) against its all-time-high price of $2.49 USD on 25 November 2021. The closer the bar is to 100%, the closer UOS is to reaching its ATH again.

How to trade, convert or sell Ultra

You can convert or sell your UOS with the same exchange you bought it through:

1. Sign in to the exchange you have UOS on.
2. If you store your Ultra 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 UOS you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Ultra.
6. Complete your transaction and move your UOS to a wallet for storage.

* 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.