Buy eCredits
in the UK

The eCredits Ecosystem is a decentralized, blockchain-based ecosystem with its own native,
usable cryptocurrency, called eCredits (ECS). According to the official website of eCredits, by
using the eCredits Blockchain, local and regional micro-ecosystems will be able to develop,
provide, and sell services and goods. This movement will be supported by the eCredits
ecosystem, which aims to provide a platform for this aim. These services are designed to aid
micro, small, and medium-sized businesses (MSMEs) in competing on an equal footing or even
surpassing larger market participants. As a result, local businesses will be able to connect with
their customers on a whole new and direct level. This will give local suppliers opportunities to
reward their customers by enabling them to earn discounts and bonuses through repeated
purchases. Since eCredits ecosystem is built on and powered by blockchain technology, which
is by its very nature decentralized and secure, it also supports diversity and incorporates social
values like equality into its functionality. With regard to making purchases from small businesses
and retailers, eCredits wants to become the method of choice for customers. The overall goal of
eCredits is to encourage local shopping, strengthen neighborhood communities, and promote
more environmentally friendly behaviors

ECS is the abbreviation and official sign for eCredits, which is a digital currency or form of digital
asset that is operating on its own decentralized blockchain as a pro-environmental project.

Yes. According to the definition of crypto assets provided by FCA (Financial Conduct Authority), crypto assets are cryptographically secured digital representations of value or contractual rights that use some type of distributed ledger technology (DLT) and can be transferred, stored or traded electronically. According to the consumers’ investment definition by FCA, buying, selling, investing and making payments through cryptocurrency is legal in the UK. But remember to check before you make a purchase, receive a payment or pay using crypto assets if the deployed crypto assets or services are regulated in the UK. An extensive report on UK’s crypto assets regulations is issued by the HM Treasury, Financial Conduct Authority and the Bank of England.

Yes. According to the tax authority of the U.K. government (HMRC) Crypto Assets Manual, cryptocurrency is taxable in the UK. HMRC are clear that crypto may be subject to both Capital Gains Tax and Income Tax depending on the specific transaction. According to the above-mentioned manual, if you’ve sold your crypto for more than you bought it, you’ll likely pay capital gains tax on the profit. For capital gains from crypto tax-free allowance, you'll pay 10% or 20% tax. If you’re trading huge amounts of crypto, HMRC will think you are a trader and ask you to pay income tax on trading, rather than capital gains taxes. For additional income from crypto over the personal allowance, you'll pay between 20% to 45% in tax. The exact amount you'll pay will depend on the transaction you've made, the tax that applies and the Income Tax band you fall into. See UK’s Crypto Assets Manual for Individuals for more information.

With the goal of being "the People's Currency," eCredits enables users to pay with ECS, send
and receive payments quickly, trade cryptocurrencies freely, and earn eActivity as bonus. With
its own custom wallet, ECS can be used for peer-to-peer transactions as well as in-person and
online retail establishments, bars, and restaurants.

Anyone can easily purchase cryptocurrencies in the UK through exchanges. There are different payment methods available in the United Kingdom. Some popular payment services are: Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. Our exchange allows cryptocurrency handling through the mentioned services via secure, fast and free of charge transactions.