Best Blockchain Stocks UK To Watch
Blockchain technology forms the backbone of cryptocurrencies like Bitcoin and Ethereum. With blockchain, financial transactions can be recorded to a public digital ledger, enabling trustless decentralized transactions to take place online.
While you can invest in the future of blockchain by buying cryptocurrencies, this technology also has major implications outside of finance. In this guide, we’ll review 8 popular blockchain stocks you can invest in the UK and show you how to invest in blockchain stocks.
Popular Blockchain Stocks 2021
Blockchain technology has become so popular among investors that many companies claim an association with digital currencies. Here is a sneak peek of 8 popular blockchain stocks that you can look to invest in UK.
- Riot Blockchain
- Marathon Patent Group
- Future Fintech Group
Popular Blockchain Stocks UK Reviewed
NVIDIA (NVDA) is a classic picks-and-shovels play around the Bitcoin mining boom. NVIDIA makes the GPUs (graphics processing units) and other highly parallel processors that Bitcoin mining companies use. In fact, NVIDIA has been one of the biggest winners from the emergence and growing popularity of cryptocurrencies. Over the past 5 years, the stock has gained an incredible 1,700%. Furthermore, in contrast to Bitcoin mining companies, NVIDIA’s share price doesn’t depend on the price of Bitcoin.
NVIDIA has been at the center of other enormous innovations, too. The company’s chips are widely used for Artificial Intelligence development as well as gaming. In addition, NVIDIA recently acquired ARM, a semiconductor manufacturer that licenses chip designs for a wide range of smartphone, auto, and other computing companies.
NVIDIA has a high P/E ratio of 93.8.
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2. Fineco Bank
Fineco Bank is an Italian broker that offers thousands of shares from the US, UK, and Europe. This broker’s wide selection also includes hundreds of ETFs, so users can quickly build a portfolio around blockchain and other emerging technologies.
Fineco Bank offers two ways to trade. You may purchase shares outright, which comes with a dealing commission of $3.95 for US shares. Alternatively, users can also trade stock CFDs with no commission.
Fineco Bank offers a web-based trading platform as well as a mobile stock trading app. The web platform, called Powerdesk, is a highly versatile technical charting and analysis station. Users can access dozens of technical studies, drawing tools, a built-in news feed, and more.
The mobile app is less focused on technical analysis and more focused on monitoring your watchlists and placing trades. It’s streamlined design offers news and price alerts, but minimal charting and research tools.
Fineco Bank also has an built-in stock screener. You have the option to filter shares based on country, market cap, recent performance, market sector, and more. This is a smart way to find up-and-coming blockchain stocks that you might not otherwise hear about.
Fineco Bank is regulated by the Bank of Italy and the broker offers phone support 7 days a week.
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How to Purchase Blockchain Stocks in the UK
If you are interested in purchasing blockchain stocks in the UK, you may want to do so with a suitable stock broker that can provide you with the most suitable features that enhance your trading experience.
After choosing your preferred platform, here is how you can begin trading in blockchain stocks in 4 steps:
Step 1: Open Your Account
Head over to the homepage of your preferred broker and begin the account set-up process. You will be required to fill in your personal details – including your full name, email address and mobile number. Create a username and password for the platform to continue.
Step 2: Verification
Many popular brokers may require all users to verify their identities before trading. To do this, simply upload proof of ID (a copy of your driver’s license or passport) and proof of address (a copy of a bank statement or utility bill). Once these documents have been uploaded, your broker should verify them in a couple of minutes.
Step 3: Deposit Your Funds
The next step is to deposit funds into your trading account. Choose a supported payment method that your broker provides – including credit/debit card options, e-wallets or online bank transfers.
After selecting your payment methods, insert the amount of funds you wish to deposit and confirm the transaction.
Step 4: Invest in Blockchain Stocks
Once your account has been funded, proceed to search for any blockchain stock you wish to purchase on your platform’s search bar. Fill in the amount you want to credit into the trade, and confirm your transaction.
With so many blockchain shares to purchase, it can be hard to know which companies are really using this technology to its full potential and which are just scratching the surface. Users should make sure to assess a company’s financial performance and the stock’s history before making such an important decision.
Once you have picked your investment strategy, make sure to invest with a suitable broker of your choice.
What is blockchain?
Is every tech company a blockchain company?
Are there other blockchain ETFs?
Can I buy Bitcoin to invest in blockchain?
How much does the price of Bitcoin affect blockchain stocks?