The Upfire token has registered huge gains of 95% in the past 24 hours and the coin is trying to establish a stable support at the $0.009 region. The coin has previously tested this level before and needs to break out successfully for a move to the $0.01 level and beyond. The coin could 2X or 4X from the current levels if the volumes continue to rise fuelled by bull action.
How & where to buy Upfire in the UK and elsewhere
For trading crypto tokens, you will need access to a trading account on a broker or exchange site. It can be difficult for a new user to select the right site as there are so many brokers/exchanges available. We have evaluated a number of portals and have selected two of the best platforms where you can trade with ease.
For opening a new account, the site will ask you to provide a username, password and contact details such as an email address and phone number. The site will then contact you and ask you to verify your account. This is required as part of the Know Your Customer (KYC) regulations and makes the platform safe for all users.
As UPR is such a new asset, it’s yet to be listed on major exchanges. You can still purchase UPR using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy UPR right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for UPR
Now that you’re connected, you’ll be able to swap for 100s of coins including UPR.
What is Upfire?
Upfire is a peer-to-peer file sharing network built on multiple blockchains. It allows users to earn rewards by seeding files. The user can select multiple networks for the transfer and save on transaction fees. Currently, the Upfire network supports Ethereum, BSC and xDAI but will add more cross-chain interoperability features in the future.
The UPR token is used for governance purposes and the users can also stake the tokens for earning a percentage of all transaction fees on the network. Unlike other similar sites, the Upfire network is fully decentralised.
Should I buy UPR today?
The UPR token has seen a strong rally that has taken it to the $0.009 level and once the coin manages to break this zone of strong resistance, it could continue its journey towards $0.01 and the coveted $0.05 levels.
The early adopters could possibly be looking at handsome returns if the current uptrend is maintained for the next few weeks.
This article is informational only—none of the contents should be construed as financial or investment advice.