How to Buy Jupiter in the UK: A Detailed Guide

Looking to invest in Jupiter (JUP) cryptocurrency in the United Kingdom? You have come to the right place. This guide simplifies the process of purchasing JUP tokens, whether you are a beginner or an experienced trader. If you want to buy Jupiter in the UK, you can quickly get started on centralized exchanges like Bitget or MEXC or explore decentralized options. After purchasing, storing your JUP securely is key, and the Ledger wallet stands out as the most secure choice.

In this guide, we will explain everything you need to know about acquiring JUP in the UK using either decentralized exchanges (DEX) or centralized exchanges (CEX) and provide insights on the pros and cons of each method. So, let's get started!

Key Takeaway:

• One can easily use centralized exchanges such as Bitget, MEXC, or OKX to buy JUP in the UK. 

• Hardware wallets such as Ledger are highly recommended for secure storage of your JUP tokens.

• Buying Jupiter on either a CEX or DEX may incur some fees, varying by platform.

• CEXs offer a more beginner-friendly way to buy JUP tokens, but DEXs provide better privacy and control over your assets.

How to Buy Jupiter on CEXs in the UK in 5 Simple Steps

CEXs like Bitget, MEXC, or OKX offer a straightforward way to purchase JUP tokens. Here’s how to do it in five easy steps:

Step 1: Create an Account

Sign up on a CEX like Bitget or MEXC. Provide your email, set a password, and complete any required identity verification (KYC) with your UK ID or passport.

Step 2: Deposit Funds

Add money to your account. Most platforms let you deposit British Pound Sterling (GBP) via bank transfer, debit card, or credit card. For example, Bitget supports instant card deposits.

Step 3: Find JUP

Use the exchange's search bar to locate JUP. It’s usually listed under its ticker “JUP” in the trading or markets section.

Step 4: Place Your Order

Decide how much JUP you want to buy. Choose a market order (buy at the current price) or a limit order (set your price), then confirm the purchase with GBP.

Step 5: Withdraw to a Wallet

After buying, transfer your JUP tokens to a secure wallet. Exchanges like OKX allow withdrawals to external wallets for added safety. This process is user-friendly and ideal for those who want to buy JUP with British Pound Sterling quickly.

What are the pros and cons of buying Jupiter on CEX in the UK?

Here’s a breakdown of the advantages and disadvantages: 

Pros

• Easy to use: CEXs have user-friendly interfaces designed for beginners, making navigation and trading simple. 
• Multiple payment options: Supports various payment methods, including debit or credit cards, making it convenient to buy JUP.
• High liquidity: Large trading volumes ensure you can buy JUP instantly without significant price fluctuations.
• Customer support: Dedicated support teams are available to assist users in case of issues.  
• Fast transactions: Purchases are often completed within minutes, ensuring quick access to JUP.  

Cons

• KYC requirements: Users must complete identity verification, which can delay onboarding.  
• Higher fees: CEXs typically charge trading and withdrawal fees, making transactions more expensive than DEXs.  
• Security risks: Centralized platforms hold user funds, making them potential targets for hacks or breaches.  
• Limited control: Users do not have complete control over their private keys, relying on the exchange for fund management.  

How to Buy JUP Tokens on DEXs in the United Kingdom: 6 Steps to Follow

DEXs like Jupiter DEX offer a different approach to buying JUP. Follow these six steps:

Step 1: Set Up a Crypto Wallet

Download a wallet like Phantom or Solflare that supports Solana-based tokens (JUP is built on Solana). Create an account and save your seed phrase securely.

Step 2: Fund Your Wallet

Buy Solana (SOL) on a CEX like Bitget, then transfer it to your wallet. You will need SOL to pay for JUP and transaction fees.

Step 3: Connect to a DEX

Visit a DEX like Jupiter DEX. Click “Connect Wallet” and link your Phantom wallet to the platform.

Step 4: Select JUP Trading Pair

Find the SOL/JUP trading pair. Jupiter DEX aggregates liquidity, making it easy to locate JUP.

Step 5: Swap SOL for JUP

Enter the amount of SOL you want to trade. Review the swap details, including fees, and confirm the transaction in your wallet. Here, you will select SOL as the input currency and JUP as the output currency. Enter the desired amount you wish to acquire and click on swap.

Step 6: Store Your JUP

Once the swap is complete, your JUP tokens will appear in your wallet. You can keep them there or move them to a hardware wallet for extra security. This method suits those who prefer decentralization and control over their assets.

What are the pros and cons of buying Jupiter on DEXs in the UK

Pros

• No KYC requirements: DEXs do not require users to prove their identity. The lack of user identity verification allows for anonymity on these platforms.

• Complete user control: Users on DEXs have full control over their assets without relying on intermediaries. This allows them to maintain complete autonomy and privacy over their assets and financial transactions.

• Security: DEXs are often not the target of large-scale hacks. This is because these platforms do not directly hold or manage user funds.

• Less regulation: DEXs have few regulations, which reduces the risk of censorship, freezing, or confiscation of user funds.

Cons

• Less Liquidity: Most DEXs are characterized by lower liquidity. This is due to a smaller user base, which can lead to reduced trading volume and longer transaction processing time.

• Not beginner-friendly: DEXs are often not user-friendly and require that users have a certain level of technical expertise and blockchain knowledge. This usually poses a great barrier to those new to the crypto industry.

• Transaction cost: Executing transactions on DEXs can be higher than CEXs. This is due to the complexity of smart contracts and the computational resources required for each transaction.

3 safest wallets to store Jupiter

Ledger

Ledger is a hardware wallet renowned for its robust security features. You will need to use a third-party Solana wallet interface compatible with Ledger devices to store JUP tokens. This combination ensures your private keys remain offline, significantly reducing the risk of hacks.

Phantom

Phantom is a user-friendly Solana-based wallet that supports JUP tokens. It offers seamless integration with various decentralized applications (dApps) and provides features like staking and token swaps. Phantom is available as a browser extension and mobile app.

OKX Wallet

OKX Wallet is a multi-platform wallet that supports various cryptocurrencies, including JUP. It offers features like asset management, staking, and access to decentralized finance (DeFi) services. The wallet is available on the web, mobile, and as a browser extension.

What fees and limits are associated with buying JUP?

When trying to buy Jupiter crypto token, there are some potential fees and limits to consider:

Exchange fees: CEXs sometimes charge trading fees ranging from 0.1% to 0.2% per transaction.

Deposit and withdrawal fees: Some exchanges may charge deposit and withdrawal fees. These fees often depend on the method of payment or withdrawal and also on the currency used.

Network fees: Transactions on most networks incur some costs. On Solana, the network fees charged are often less than a cent.

Limits: Most exchanges limit how much users can deposit or withdraw on their platform. These limits are often tied to the level of verification and identity authentication of users. Higher limits are available to those who have completed more thorough KYC and anti-money laundering checks.

FAQs

Can I buy Jupiter tokens for 10 GBP?

Yes, you can buy Jupiter with British Pound Sterling for as little as 10 GBP, provided the exchange supports small purchases. However, some platforms have minimum deposit or trading requirements.

How long does it take to buy Jupiter?

The time required to purchase JUP depends on the method you use:

• On CEXs, transactions are usually completed minutes after account verification and funding.

• On DEXs, the speed depends on the Solana network, but transactions typically take seconds to a few minutes.

Can I buy Jupiter with PayPal?

Some centralized exchanges support PayPal as a funding method. However, availability depends on the platform’s payment options. If PayPal is not directly supported, you can buy USDT or another stablecoin with it and then exchange it for JUP.

What are other ways of buying JUP in the UK? 

Peer-to-peer (P2P) trading: Some exchanges offer P2P services, allowing users to buy tokens from other users. This service is available mainly on CEXs but often requires additional verification and security measures.

Crypto ATMs: If available, you can use a Bitcoin or altcoin ATM to buy a supported cryptocurrency, then swap it for JUP.

Conclusion 

Buying Jupiter crypto tokens requires careful consideration of security, fees, and liquidity. To keep your assets safe, always store your JUP tokens in a reliable wallet like Ledger, Phantom, or OKX. With this guide, you can now buy Jupiter confidently and securely. Happy investing!