in the UK
Trusted by ELROND buyers, you can buy and trade ELROND in United Kingdom and 100+ countries on Blocktrade without any fees easily.
Your entry to the world of crypto
Learn More about buying EGLD in United Kingdom
How to buy ELROND in United Kingdom
Is EGLD a good investment in United Kingdom?
EGLD was officially released to the market in July 2020 with an initial price of $9.4. It didn’t have much value until 2021 when it suddenly reached $195.9. It was great news for ELDG owners because their investment was highly profitable in less than a year. This token had many ups and downs in 2021. It could even set a record for the highest price for the second time in one year at a value of $490. It sounded like ELDG would have more surprises on the way. But that didn’t happen, and ELDG ended the year with a price of $24.5. This coin also didn’t have a great year in 2022 because it started to drop until it reached $33 at the end of the year.
The good days of the ELDG coin sound surprising to everyone because that’s how beneficial they like their investment to be. However, no one can ensure that their investment will be profitable because of the risky world of the cryptocurrency market. But it is recommended to check ELDG price forecasts to see the probable future of this token. However, you should still know that predictions are not guaranteed. They are just some probabilities based on the coin's analysis. Crypto experts and analysts have predicted growth in this token’s future. They believe that the ELDG price might reach $255 by 2028 and if everything goes well, it could rise to $340 by 2030.
What is ELROND ?
Elrond is a decentralized blockchain network launched in 2017. The main idea behind founding this network was to increase the sustainability of the blockchain. Therefore, Elrons is one of the most successful examples of an energy-efficient blockchain network. It has implemented a technology to improve the speed of block verification and information processing. Furthermore, one thing that distinguishes this network from similar ones is the support of smart contracts and decentralized apps, which are very popular these days.
Is ELROND legal to buy in United Kingdom
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.
Is ELROND taxed in United Kingdom
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.
After you've bought ELROND in United Kingdom
ELDG is a governance token. It means it is mainly used on its network to give power to its owners. ELDG holders can participate in different elections on this network. They can vote to change regulations or accept a new project. Therefore, somehow the ELDG owners can impact the future value of this token and its network because it is they who vote and suggest projects and have power on this network.
On the other hand, most people buy cryptocurrency because they seem so profitable. ELDG can be kept as an investment too. In the past, it has been shown several times that it could be a good investment. However, no one can guarantee the future of a cryptocurrency based on its past. Therefore, if you want to buy ELDG as an investment, we recommend you to read the news about this network, its investors, the projects it accepts, and the price predictions that the experts' analysis. In the end, if you are a beginner in this world, it is better to start with a limited amount of money to invest to avoid any loss.
Who can buy ELROND in United Kingdom
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.
Buy ELROND at your ease
Payment methods to buy ELROND in United Kingdom
Just 3 easy steps to your first investment in ELROND
Sign up and verify
Make your first
MANAGE YOUR PORTFOLIO
Buy Other Cryptocurrencies in United Kingdom
Frequently asked questions
You can buy ELDG from different exchanges. Blocktrade offers you zero processing fee, which makes it much more cost-effective to buy ELDG or other coins on this exchange. Furthermore, Blocktrade is a trusted exchange regulated in the EU.
Yes. You won't always pay tax on crypto in the UK. According to the UK government Tax Manual, transactions that are tax free include: When your total gains are under annual tax-free
allowance (£12,300), Gifting crypto-assets to your spouse, transferring cryptocurrency between your own wallets and donating cryptocurrency to charity.
According to HMRC guidelines, when you dispose of crypto-asset exchange tokens (known as cryptocurrency), you may need to pay Capital Gains Tax. Note that you pay Capital Gains Tax when your gains from selling certain assets go over the tax-free allowance.
The main structure of this platform was launched by the Mincu brothers and their friends. The major founders are Benjamin Mincu, a well-known blockchain engineer in Europe, and his brother Lucian Mincu who has experience in setting up complex technologies and infrastructures for the German government. This issue can easily determine his abilities.
According to HMRC tax record guide, crypto investors must declare the following: Type of tokens, date you disposed of them, number of tokens you’ve disposed of, number of tokens you have left, value of the tokens in pound sterling, bank statements and wallet addresses, and records of the pooled costs before and after you disposed of them.
The future of coins is not predictable. No one can tell you if ELDG will have a future or if it may lose on the way. But, since the network is trying its best to solve the problems of previous blockchains, it is possible that ELDG will still be in use in the future.