How to buy Vivid Labs (VID) in the UK

Where to buy Vivid Labs in the UK

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

You can still purchase VID 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 VID using a decentralised exchange.

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

You can keep your VID 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 VID below.

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

Is Vivid Labs a good investment?

As with any investment, it is vital that you perform due diligence before adding it to your portfolio. When it comes to VideoCoin, here are a few things worth considering:

• Staking. To get the most out of VID investments, it’s a good idea to consider whether you are interested in staking tokens or providing your unused CPU cycles to the network. These processes can be a little complex for beginners, and staking (particularly delegating) comes with the potential risk of losing your entire investment.
• Competition. Blockchain-based, peer-to-peer video encoding and streaming services are becoming quite popular on the decentralised marketplace. Networks like Livepeer, Tangram and Theta all sit within this development sphere and will compete with VideoCoin for market share.
• Tokenomics. As of July 2021, 152 million of VID’s lifetime token supply of 265 million are in circulation. 76% of the uncirculating supply is locked up in the network to provide extra security. VideoCoin’s developers are also focused on providing validators with staking rewards protected from inflation. In 2019, 70% of the original token supply (617 million) was burned to prevent inflation and loss of worth.

Today's Vivid Labs price versus ATH

Compare today's price of Vivid Labs ($0.01760183 USD) against its all-time-high price of $1.053 USD on 31 March 2021. The closer the bar is to 100%, the closer VID is to reaching its ATH again.

How to trade, convert or sell Vivid Labs

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

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