How to buy Woofy (WOOFY) in the UK

Where to buy Woofy in the UK

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

You can still purchase WOOFY 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 WOOFY using a decentralised exchange.

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

You can keep your WOOFY 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 WOOFY below.

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

Is Woofy a good investment?

Cryptocurrencies are a highly speculative investment class and investors should exercise caution. That’s especially the case for meme or joke coins. Here are things to consider before buying WOOFY:

• Meme coin? The popularity of Dogecoin inspired the creation of other dog-inspired meme coins, such as Shiba Inu and Kishu Inu. Woofy is similar in that it uses a cute blue dog branding and it was launched after Tesla CEO Elon Musk’s Dogecoin-inspired Saturday Night Live show in order to get a boost from the hype around dog-inspired joke coins. But it’s not a pure meme coin because it’s backed by a more serious token, YFI.
• WOOFY and YFI. Unlike most dog-inspired coins, WOOFY is redeemable for YFI, which is the native token of Yearn Finance. Yearn Finance is a platform that allows users to access the highest yields on deposits of Ether, stablecoins and altcoins.
• Supply. WOOFY has a circulating supply of 280 million tokens and a maximum supply of 281 million.
• Exchange rate. 1 million WOOFY can be exchanged for 1 YFI and vice versa.
• Unit bias. Because YFI is priced at five figures due to a low circulating supply, there were concerns among investors that traders would be reluctant to buy YFI due to its perceived “high” pricing. WOOFY will arguably create a more attractive entry point for investors.

Today's Woofy price versus ATH

Compare today's price of Woofy ($0.00608486 USD) against its all-time-high price of $0.095648 USD on 11 May 2021. The closer the bar is to 100%, the closer WOOFY is to reaching its ATH again.

How to trade, convert or sell Woofy

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

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