How to buy Unibright (UBT) in the UK

Where to buy Unibright in the UK

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

You can still purchase UBT 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 UBT using a decentralised exchange.

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

You can keep your UBT 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 UBT below.

Recent Unibright developments

December 2021: Unibright announced an intended Q1 release for the Baseledger Mainnet, a network that will accommodate the broader use of UBT.

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

Is Unibright a good investment?

Buying altcoins (cryptocurrencies other than Bitcoin) carries significant risks and benefits. It’s important to understand how UBT works and what the key risks are before investing:

• Supply. The maximum supply of UBT is capped at 150 million and it’s noteworthy the Unibright team does not hold any tokens.
• Mining. Unlike Bitcoin, users cannot mine UBT tokens.
• Purpose. UBT is a utility token, meaning it is the voucher needed to use the Unibright platform. It is designed so companies can use the Unibright framework only if they buy it from those who hold tokens and are willing to sell them.
• Uses. There are many use cases for UBT tokens. They can be used to register smart contract deployed on the Unibright platform, to connect Unibright-compliant smart contracts
• to pay for services offered by Freequity (Unibright’s tokenisation product) and to access Unibright’s blockchain consulting workshops.
• UBT deposited with the platform. All UBT tokens are deposited in wallets in the care of professional custodians. Half of them are used to provide liquidity to the integration gas service, while the other half is locked to serve new customers if there are no UBT tokens available in the open market.
• Baseledger. Unibright has built an open-source blockchain that revolves around UBT as its native token.

Today's Unibright price versus ATH

Compare today's price of Unibright ($0.097865 USD) against its all-time-high price of $4.22 USD on 01 September 2021. The closer the bar is to 100%, the closer UBT is to reaching its ATH again.

How to trade, convert or sell Unibright

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

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