How To Buy Ankr (ANKR) Coin In The UK

A Beginner’s Guide to Buying and Trading ANKR Cryptocurrency in the UK

Last Updated February 16th 2022

13 Min Read

The Ankr network is a rising star within the Defi industry, aiming to simplify the node creation process for various blockchains and facilitate the adoption of Web3.0. It has an in-built cryptocurrency - ANKR, an Ethereum-based token used within the Ankr network to pay for services provided by the blockchain. The cryptocurrency has generated a lot of popularity since its creation, and its value has increased several times, hitting its all-time high a year ago.

If you are interested in how Ankr cryptocurrency works and whether you should buy it right now, then you are in the right place. We will cover all the basic information about the ANKR cryptocurrency and explain how to buy ANKR coins in the UK.

How To Buy In Ankr In The UK – Quick Guide

To help you buy Ankr coins as quickly as possible, we broke the process down into a few easy steps:

Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
Step 3: Deposit – Fund your new eToro account with a minimum of $10.
Step 4: Search for Ankr on eToro – Search for ANKR or Ankr in the eToro crypto market.
Step 5: Buy ANKR – Enter the amount of the worth of Ankr you want to purchase in United States Dollars (USD), then click Open Trade.

That’s it! By following these easy steps, you can invest in Ankr in the UK in less than 5 minutes.

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

Where To Buy Ankr (ANKR) In The UK

Are you looking on how to buy ANKR in the UK? Well, there are hundreds of crypto exchanges and brokers in the UK. This can make it hard to know which platform is right for you.

List of the best Exchanges to buy Ankr (ANKR) in the UK:

Looking where to buy ANKR in the UK right now? Below you will find 4 of the best brokers that allow you to buy ANKR in the UK.

eToro - Best broker to buy Ankr (ANKR) in the UK
Binance - Best exchange to buy ANKR UK for asset diversity
Coinbase - Best exchange to buy Ankr (ANKR) for beginners
OKEx - Best broker to buy ANKR UK for low-cost

What Is ANKR Coin?

The Ankr project was launched in 2017 by three people - Chandler Song, Ryan Fang, and Stanley Wu, with the latter being a former Amazon computer engineer. The project offers two unique features: first, it makes the staking mechanism easier for the users, and second, it provides decentralized cloud computing services. The blockchain also introduces its native ERC-20 token - ANKR- to pay for fees within the network. In addition, it is also used to reward its blockchain supporters.

Let’s briefly discuss the mentioned two features. One of the main aims of the Ankr network is to contribute to the decentralization of the Internet. For this purpose, they initially launched Distributed Cloud Computing Network, which seeks to make use of underutilized computing instead of using a single cloud computing provider. In other words, Ankr creates decentralized cloud computing through a network of idle machines using their capacity to its full potential.

Decentralized computing has a lot of benefits over traditional cloud computing. First, it reduces the monopolistic domination of the giant cloud computing providers and lowers the costs of cloud computing services. Next, it reduces the role of the intermediary meaning that you have more control over your data. Finally, it’s not controlled by a single provider, which provides more stability and less failure for the network.

The second mind-blowing feature of the Ankr network is making the PoS blockchain participation more accessible to any user. Recognizing the fact that it may not be easy for everyone to run nodes, Ankr makes it possible to stake lower amounts of coins that are required. In return, users pay fees to the blockchain in ANKR coins, getting access to Defi apps and protocols. Through this mechanism, you can stake MATIC, ETH, BNB, and other coins with a few clicks and generate rewards.

Should You Buy ANKR Coin?

For the newcomers in crypto trading, ANKR coin can be one of the best investment choices. The project offers many benefits and tries to compete with such giant companies as Amazon, Google, Microsoft, etc. It emphasizes that ANKR is not a simple crypto project but struggles to produce real-world value.

The project has generated an incredible reputation since its launch. They raised $15.9 million during the private sale, and the public sale generated $2.75 million. All in all, they sold approximately 35% of their tokens during the first six days of the coin sale process.

The price of the ANKR coin has increased several times, starting from the beginning of 2021. It hit its highest all-time high in March 2021, reaching $0.22, after which it started losing value but recovered shortly after. However, the coin’s value again started to drop significantly from the end of 2021 and now it is traded at $0.078 which is almost 12 times higher than its ICO price.

Despite the considerable success of the ANKR cryptocurrency, we should note that crypto assets are still highly volatile, and ANKR is not an exception. So, invest reasonably and be aware that investing in cryptocurrencies involves high risks of losing money.

How To Buy ANKR Coin Online In The UK - A Step by Step Guide

If you wonder how you can invest in ANKR, here is a quick guide explaining step-by-step the whole procedure. It’s a straightforward process with 3-4 easy steps.

Register for an Online Account and Deposit Funds

First, visit the broker of your choice, and start creating your account, if you don’t have one yet. It involves providing some personal details, creating a password and username, verifying it through an email or phone number. Still, you need to go through the whole verification process and provide an ID and address verification. The following step is required to prevent your account from any malicious activity. And finally, deposit the amount of money you want to invest by clicking on the “Deposit Funds” button and using one of the payment options.

Buy ANKR Coin

With a fully verified and charged account, you can start making your purchase. After deciding which investment method you will use and how much ANKR coin you will buy, search ANKR in the appropriate place and click on the “Buy” button.

Transfer Your Funds to a Cold Storage Wallet

After you complete the transaction, you need to decide where to keep your ANKR coins. You have three options here - leave them on your exchange account, use a software wallet, or buy a hardware wallet. Exchange accounts are considered less secure than the other two; however, the most reputable platforms do their best to protect their users' safety.

Software wallets are decentralized apps, that not only securely store your coins but also provide several functions within the app, such as staking, exchange opportunity, etc. eToro, Binance, and Coinbase provide their software wallets that you can download, install on your mobile phone and use for free.

Hardware wallets are the most secure of the three types as they keep your private keys offline. In contrast, they are less budget-friendly than the previous two one. As ANKR is an ERC-20 token, all the wallets designed for Ethereum can be compatible with ANKR too.

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

How To Trade ANKR Coin Online In The UK - A Step by Step Guide

If you plan to be actively involved in trading and want to try out some short-term strategies, ANKR can be a good cryptocurrency to experiment with. Besides, it’s highly volatile and can bring you good rewards if you close and open positions at the right time. Here are the most crucial points to consider in ANKR coin trading.

Firstly, you need to select a cryptocurrency broker that will possess good conditions for efficient trading. It may include a competitive pricing system, availability of various trading tools, good security features, low withdrawal and deposit fees, etc.

Next, you should determine how you will trade, which basically refers to your trading plan. Trading plans can be of various types which you need to choose depending on the time you can spend on trading, your investment goals, the price movements of the coin, and other factors.

Additionally, you can significantly improve your trading experience through the educational platforms that teach how to trade, what to consider in trading, how to do fundamental and market analyses, etc. You can also find the experts in this field, read their opinions, which can help you correctly guess when you need to sell or buy a particular asset.

ANKR Coin Pros And Cons

Combining all the essential factors about the ANKR coin, we have summarised below the pros and cons of the cryptocurrency that can influence your trading outcomes.

Pros:

✅ The project aims to develop Web3 offering decentralized cloud computing.

✅ It makes it easier for the users to run nodes and stake coins to earn rewards.

✅ Reduces costs for cloud computing services.

✅ 35% of the ANKR coins were sold during the first days of ICO.

✅ It’s a cheap and budget-friendly asset for beginners.

Cons:

❌ Competes with such giant traditional cloud computing providers as Amazon, Azure, etc.

❌ The coin is highly volatile and quite a risky investment.

Is ANKR Coin A Good Long-term Investment?

ANKR is one of the best long-term investment assets in the cryptocurrency market. Though the prices have significantly decreased from the beginning of 2022, they are expected to increase again. One of the facts that makes ANKR stand out among other cryptocurrencies is its problem-solving strategies to promote decentralized internet.

ANKR offers an easier method to stake multiple coins for doing which users should pay fees in ANKR coin. So, with every user who wants to stake their non-ANKR coins, the demand for ANKR will also rise leading to its price increase. With this being said, you must also keep in mind that cryptocurrencies, including Ankr, are still risky and you can lose your money. Hence, invest only what you can afford to lose.

What Will Be ANKR Coin Worth In 2025?

According to the market analysis, provided by the most famous price predicting algorithms, the value of the ANKR cryptocurrency will keep rising over the following years. The Wallet Investor forecast indicates that its value can reach $0.157 from $0.0078, and the cryptocurrency will have a 99.48% earning potential in one year. Its price will grow slowly and in 2027 it will be worth only $0.486.

The Digital Coin Price predictions, in contrast, show that the ANKRE coin will first decrease over the next 2-3 years. After that, it will start growing and will start growing from 2024. The ANKR cryptocurrency will be worth only $0.45 after 2030, according to the Digital Coin Price predictions.

Still, you should not solely trust these predictions, as long as they make calculations only based on market research and may fail to incorporate some crucial factors that can influence cryptocurrency prices. So, apart from it, you need to also consider fundamental analyses and combine all those things to make more efficient trading decisions.

Check Out: Ankr Price Prediction For 2025 And 2030

What’s The Purpose Of The ANKR Coin?

Ankr is a decentralized project that is based on the Ethereum blockchain. With its unique features, the project addresses the striking problems of cloud computing services. It aims to make it cheaper and less centralized giving more data control to the users.

The next thing that the Ankr project emphasizes is to make the staking process available for all the users. Staking at least 32 ETH on the blockchain to earn rewards may not be accessible to all the users. Ankr allows you to stake as little as 0.5 ETH distributing also some rewards to access Defi applications.

Is ANKR Coin Mining Profitable?

ANKR coin cannot be mined as it uses the Proof of Stake mechanism meaning that instead of using expensive hardware to generate ANKR you can lock them in the network and gain rewards in OnX tokens.

To stake your ANKR, you need to visit the OnX Finance Platform, select the suitable wallet and fill in the amount you want to stake. You can also stake your ANKR coins on Bancor.

Buying Or Trading ANKR Coin - Things To Take Into Consideration

The Ankr project offers solutions to such real-world problems as cloud computing decentralization and blockchain node creation using the Proof of Stake mechanism. Making cloud computing services more affordable and less controlled by a single party can really revolutionize the industry. Ankr has also attracted several investments from such blockchain industries as Pantera Capital and NEO Global Capital.

In a word, the ANKR coin can be a good investment and bring you good rewards in the long term and short term if you invest reasonably. To start trading the ANKR crypto asset, select one of the brokers from the list of the best crypto exchanges to buy ANKR coins in the UK, visit the website to create an account, and make an investment.