How to buy Whitecoin (XWC) in the UK

Where to buy Whitecoin in the UK

Unfortunately, at this time no major exchanges in the UK offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Unfortunately, at this time no major exchanges in the UK offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Best Whitecoin wallets to store your XWC

You can keep your XWC 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 XWC below.

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

Is Whitecoin a good investment?

Investing in cryptocurrency is often risky and speculative, so it is highly critical that you are aware of its risks and merits. Before investing in XWC, you should consider these aspects:

• Liquidity. Token trades on exchanges like Bittrex.com, XT.com, ZB.com, MXC.com, and a few others. It is important to note that the most prominent exchanges like Binance, Coinbase and Huobi Global don’t offer this coin yet, which could lead to liquidity issues for investors looking to exchange or trade their tokens in a quick, efficient manner.
• Network speed. Due to the RPoS consensus mechanism that the network uses, the block creation time is 6 seconds as compared to 10 minutes for Bitcoin and 6.5 minutes for Litecoin. It is a fast cross-chain blockchain with a high transaction throughput allowing for higher transactional efficiency and scalability of the network.
• Flexibility. The nature of the blockchain allows the network to charge transaction fees in both XWC and WAMP payments. This allows holders of the token and WAMP to trade without bothering about transactional fees. The ratio of the transactional fees is not static but is dependent on market price.
• Network participants. The consensus mechanism of the protocol defines the role of 4 participants in the network: Citizen - an average user of the blockchain is referred to as a Citizen. However, a Citizen can upgrade to becoming a "Candidate" once they hold a certain number of XWC. Miner - the producer and the manager of the community that usually validates transactions and block generation. Wallfacer - the asset manager and the community administrator in the ecosystem. The main responsibility of the Wallfacer is to manage deposited assets. Essentially, they are also miners in decentralised pools. Swordholder - in addition to the functions of a Wallfacer, the Swordholder is also responsible for the price feed of the WhiteCoin chain.

Today's Whitecoin price versus ATH

Compare today's price of Whitecoin ($0.03025501 USD) against its all-time-high price of $2.62 USD on 05 March 2021. The closer the bar is to 100%, the closer XWC is to reaching its ATH again.

How to trade, convert or sell Whitecoin

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

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