How & where to buy UFO Gaming (UFO) online
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This page guides you through the process of purchasing UFO coins. We list the best places to buy UFO Gaming, what the future is likely to hold for the platform, and what considerations you should make before investing.
What are the best exchanges to buy UFO on?Copy link to section
If you are ready to get some UFO Gaming coins immediately, choose one of the recommended platforms below for a low-fee, easy-to-use experience. Otherwise, keep scrolling for more on UFO Gaming.
How to buy UFO Gaming online – a step-by-step guideCopy link to section
Step 1. Find an exchangeCopy link to section
You can purchase UFO Gaming coin from a number of decentralised exchanges (DEXs), including Uniswap and ShibaSwap, and centralised exchanges like Gate.io. However, we feel the best platform to buy UFO Gaming tokens is KuCoin:
- KuCoin: An easy to use and increasingly popular service, KuCoin is our pick for the best place to get UFO. Sign up to KuCoin today >
Step 2. Sign up and fund your accountCopy link to section
Before you start using the exchange you have chosen, you will usually need to register an account. To do this, fill out the contact details that are requested from you, and send over a copy of a form of photo ID if it is required.
Then, it is time to fund your account. All exchanges accept wallet deposits in the form of Bitcoin and other major cryptocurrencies, while many also offer fiat currency deposits in the form of GBP, USD and EUR.
Step 3. PurchaseCopy link to section
Once your account is set up and loaded with funds, you can purchase UFO Gaming tokens. To do this, find the search tab in the interface of the exchange and type in the coin’s ticker, UFO. Then, enter the number of coins you want, check you are happy with the price and fees, and execute the transaction.
Step 4. (Optional) Get a suitable walletCopy link to section
If you are going to be holding onto your coins for a while – either to use them in the game or to speculate on their future value – storing them in a crypto wallet could be a smart move. Crypto wallets are secure facilities for you to store your coins safely away from the prospect of online attacks.
Here are two of the top wallets that you can use:
- BitBox: BitBox is a hardware wallet that comes in the form of a USB stick. You can choose between the Bitcoin-only and multi-coin editions. Get a BitBox wallet >
- BitLox: BitLox is a hardware wallet with advanced security features that place it above competitors. Join BitLox now >
How to trade UFO Gaming – a step-by-step guideCopy link to section
Step 1. Find a brokerCopy link to section
The most effective way of trading cryptocurrency is with a broker; this is because they are low-free, so your returns aren’t depleted, and they are extremely easy to use.
UFO Gaming is in the early stages of its life in the public markets, so no brokers have currently picked it up. If any brokers are likely to begin listing UFO in the coming years, it will be one of the major platforms like eToro and Plus500.
Step 2. Create an accountCopy link to section
Just like when using an exchange, you need an account to use a broker. So, fill out the contact details that are requested from you and send over a scan of your photo ID if it is required. Brokers accept funds in the form of fiat currency like GBP, USD and EUR, while some also accept Bitcoin.
Step 3. Learn how to perform technical analysisCopy link to section
You can’t expect to make consistent returns when trading without a solid technical trading strategy. Our short-term stock trading course covers all of the basics, giving you a thorough introduction to technical analysis.
Step 4. Decide whether to go long or go shortCopy link to section
When trading UFO, you can go long if you think the coin will increase in value, or you can go short if you feel the opposite. This means you can generate profits regardless of the direction the market is moving in. Use the technical analysis you have completed to work out how you want to approach proceedings.
Step 5. Make the tradeCopy link to section
Finally, search for UFO Gaming by its ticker, UFO. Once you have located the asset, you can start trading it immediately, though a demo account is advisable for those without trading experience.
Should I invest in UFO Gaming?Copy link to section
If you believe in blockchain-based gaming, and you think UFO Gaming stands out from the competition, investing now ahead of future growth could be an astute decision.
UFO Gaming is all about collaborating decentralised gaming with traditional games developers and getting them onto the blockchain. There have been numerous blockchain-based games with play-to-earn mechanics that have launched in recent times, such as Axie Infinity. UFO Gaming features a ‘dark metaverse’ where users can make money on ‘One planet, one game. An ever-growing ecosystem of play to earn games.’
The founders of the project are yet to be verified, which is a clear risk factor. However, the project’s notable strategic partnerships with Kadena, Merit Circle, Citizen X, Polygon, and ShibaSwap are all reasons to remain bullish.
Still undecided?Copy link to section
If you aren’t sure if UFO Gaming is the right investment for you, check out the pros and cons we have compiled below.
ProsCopy link to section
- Gamers can earn cryptocurrency by playing games
- Numerous major partnerships already
- Unique concept of each game having its own planet
- Plays into growing NFT macro story
Here are three more questions for you to consider before you invest in UFO Gaming.
1. Is now a good time to buy UFO Gaming?Copy link to section
The answer to this question comes down to the current price of UFO and your own investment strategy. If you are planning on purchasing some UFO and holding it for the long term to speculate on its future price accretion, getting involved now while the project is at an early stage could be a good way to maximise your exposure to its potential.
If you are a trader, UFO could also be an asset with short-term benefits. Because of its emerging status, it is likely to experience plenty of volatility, making speculative trading more lucrative.
If you want to invest in UFO Gaming, it is extremely important to stay up to date with the latest information and developments concerning both the project and the cryptocurrency space in general. Check out our most recent market analysis below to get informed:
2. What problem does UFO Gaming solve, and what are its investment prospects?Copy link to section
It doesn’t necessarily solve a problem – it simply offers a way for gamers to make money from their endeavours and participate in a new metaverse ecosystem.
Given the widespread emergence of blockchain-based games in the last year, some investors may be concerned they are becoming ubiquitous. As a result, UFO Gaming’s success hinges on its ability to establish traction in the public domain. Both well-engineered marketing and continued innovations will be key to attracting a loyal user base.
If you want to find out the latest news about UFO Gaming, make sure you check out some of the news articles that have recently been published on Invezz:
3. Do you want to hold UFO Gaming for the long term?Copy link to section
If you want to hold UFO Gaming for a prolonged period of time, there are a distinct set of considerations you should make. However, if trading coins in the short term is more of an interest, there are a different set of considerations. These are outlined below.
Considerations for a long term investment strategy
To get UFO and hold it for an extended time period, sign up to an exchange and purchase the quantity of coins you desire. Then, consider getting your hands on a cryptocurrency wallet to store your new investment securely.
Considerations for a short term trading strategy
For those of you who want to trade UFO, you need to think about which broker you want to use. You should consider the fees they charge along with the platform’s reputation for providing a reliable service.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >