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How to buy STAKE (STAKE) in the UK

Learn how to buy STAKE (STAKE) in our step-by-step guide.

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

STAKE (STAKE) is the 2538th largest cryptocurrency by market cap, valued at US$357,822.

STAKE is a highly volatile asset capable of major price swings in a single day. Today STAKE is trading for $0.194513 USD, which is lower than yesterday's trading price of $0.2139183931 USD. Over the past year, STAKE's price has seen a decrease of -97%.

So before you buy STAKE, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy STAKE.

How to buy STAKE in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy STAKE is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy STAKE
    You can now exchange your funds for STAKE. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your STAKE to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy STAKE in the UK

Find an exchange to buy, sell and trade STAKE by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Kriptomat Cryptocurrency Exchange
EXCLUSIVE
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

347
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How we keep this STAKE guide up-to-date

  • STAKE price data is regularly updated through data feeds so you always have the latest information.
  • STAKE performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy STAKE?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy STAKE?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading STAKE.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing STAKE with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy STAKE?

The easiest way to buy STAKE is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying STAKE, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of STAKE has been performing recently.

Best STAKE wallets to store your STAKE

You can keep your STAKE 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 STAKE below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Recent STAKE developments

November 2021: xDai announced a proposal for a merger with Gnosis, resulting in widespread community backlash. A large number of STAKE holders cried foul, suggesting the plan resembled more of a takeover than a win for all parties.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is STAKE a good investment?

Below are the aspects you should consider before investing in STAKE:
  • Relatively cheap and fast transactions: xDai is a derivative of MakerDAO’s native stablecoin offering (i.e. DAI). When making use of xDai, users can facilitate transactions at really cheap rates — US$0.000021 per tx — within a matter of seconds.
  • Strong leadership: xDai (STAKE) is the brainchild of Igor Barinov, who is also the founder of the POA Network, a project that seeks to optimize Ethereum's scalability and overall functionality. In the past, he has been associated with a number of other prominent startups such as BlockScout, Block Notary and TokenBridge.
  • Operational model: Network participants who own significant amounts of the xDai token can become network validators, thus securing the platform through their efforts. Holders are also afforded the ability to participate in determining network consensus as well as stake their xDai in order to receive passive income streams.
  • Staking: The xDai platform makes use of a public POSDAO and DPoS mechanism, thereby allowing any individual with enough STAKE tokens to run a node within the network.

Today's STAKE price versus ATH

Compare today's price of STAKE ($0.194513 USD) against its all-time-high price of $43 USD on 21 February 2021. The closer the bar is to 100%, the closer STAKE is to reaching its ATH again.

STAKE's price: $0.194513
ATH date: February 21, 2021
0.45%

STAKE ATH: $43


How to trade, convert or sell STAKE

You can convert or sell your STAKE with the same exchange you bought it through:
  1. Sign in to the exchange you have STAKE on.
  2. If you store your STAKE 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 STAKE you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of STAKE.
  6. Complete your transaction and move your STAKE to a wallet for storage.
  1. Data by CoinGecko

* 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.

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