How to buy Woonkly Power (WOOP) in the UK

Where to buy Woonkly Power in the UK

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

You can still purchase WOOP by using a decentralised exchange (DEX) instead. decentralised exchanges are web applications that run on blockchains like Binance Smart Chain (BSC) and allow users to trade any asset directly with one another.

How to purchase WOOP using a decentralised exchange.

1. Find WOOP on a decentralised exchange and make sure Woonkly Power can be traded for BNB which is the native asset of Binance. The most popular DEX on Binance Smart Chain is PancakeSwap.
2. Buy BNB to trade for WOOP using an exchange like GlobalBlock. You will need to purchase enough BNB to swap for WOOP as well as BNB to pay for transaction fees (known as gas) on the BSC network, which usually costs less than a dollar.
3. Transfer the BNB into a a web 3.0 wallet like MetaMask to connect to the DEX.
4. Trade BNB for WOOP on PancakeSwap, following the instructions on screen. Make sure to leave enough BNB in your wallet to pay for gas.
5. Wait for the transaction to finalise and the WOOP 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 Woonkly Power wallets to store your WOOP

You can keep your WOOP 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 WOOP below.

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

Is Woonkly Power a good investment?

All cryptocurrency purchases should be fully evaluated for both risk and potential upside. With regards to Woonkly Power (WOOP), here are a few things to consider:

• Earning potential. As well as being a marketplace/social media platform, Woonkly Power also envisioned a way to monetise the experience for their users. Whereas targeted ads in centralised social media platforms often provide minimal value to the user, Woonkly’s decentralised advertisement system is intended to reward the user for viewing the ad. This is achieved by 90% of the advertiser’s budget being distributed back to their audience for viewing or sharing it.
• Super Powers. Woonkly has introduced a Super Power mechanism, where influencers and content creators can purchase a power which maximises their earning potentials. These are typically very rare and allow participants to do things like use their NFTs in external Woonkly advertisements, highlight their marketplace listings or make their profile appear in featured searches. The creation and release of these powers is an ongoing process.
• Fee distribution. Woonkly has a specific structure for distributing fees to ensure their platform maintains its fair compensation for users. For example, 15% of all collected fees are reserved for marketing and business ops, and an additional 15% will be used to maintain the Super Powers program. For a limited time, 40% of all service fees will also be distributed to WOOP holders who are staking on the platform.
• Royalties. In what is a relatively unique feature, NFT creators are able to assign their own royalty rate when minting a digital file onto the network.

Today's Woonkly Power price versus ATH

Compare today's price of Woonkly Power ($0.00663971 USD) against its all-time-high price of $1.46 USD on 02 April 2021. The closer the bar is to 100%, the closer WOOP is to reaching its ATH again.

How to trade, convert or sell Woonkly Power

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

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