Best ERC20 Coins UK 2023 – Pros & Cons

In the Ethereum network, the ERC20 standard was created to simplify the creation of new tokens without starting from scratch repeatedly by using smart contracts, generally called utility tokens, while maintaining uniformity in coding. This has led to many companies and platforms designing their tokens to be used for various purposes.

This guide aims to provide you with a summary of the best ERC20 coins UK. We will describe the detailed features of each coin and the reasons it would be an attractive investment. Hence, you can review the coins and start trading from the recommended safe and reliable broker, eToro.

Best ERC20 Coins UK List 2023

Here is a list of the top 10 ERC20 coins on the UK market as of 2023; if you are interested in purchasing this type of asset, we will review them in detail, along with the steps to acquire them.

1. Lucky Block – Overall Best ERC20 Token to Invest in the UK
2. Chainlink  – Best ERC20 Token Integrating Off-chain Data
3. 0x  – UK’s Best ERC20 Token with the Lowest Market Cap
4. Maker – ERC20 Token with the Highest Market Price
5. Loopring  – UK’s best ERC20 Token with Zk-Rollup Technology
6. Basic Attention Token  – Digital Advertising Industry’s Best ERC20 Token
7. Shiba Inu – The First ERC20 Token to be Donated to Charity
8. The Sandbox – Top ERC20 Token for Game Maker Options
9. Decentraland  – Top ERC20 Token in Virtual Reality Applications
10. Gala Games  – Platform with More Than 265,000 NFTs sold

A Closer Look At The Best ERC20 Tokens To Invest In

Now, we will examine in detail the top 10 best ERC20 coins that are available in the UK, giving key data such as their prices and market capitalization, as well as the characteristics of the project and the token that supports them, to help you gain a deeper understanding of these coins.

1. Lucky Block – Overall Best ERC20 Token To Invest In The UK

The Lucky Block project is envisioned as a worldwide lottery that utilizes Blockchain technologies and operates on the Binance Smart Chain. In addition to developing further transparency and fairness in gaming, Lucky Block will provide a solid investment strategy for token holders and contribute to the community.

Among the most popular cryptocurrencies launched this year, Lucky Block offers a variety of exciting ownership benefits and the opportunity to gain from increasing value. In addition, Lucky Block has been scheduled for several compelling updates shortly, which could make now an ideal time to add it to your portfolio.

LBLOCK, Lucky Block’s native token, is used to make the platform operational. The token is utilized for many functions in the Lucky Block platform, including purchasing lotto tickets and distributing prizes. Therefore, you will be investing in LBLOCK when you purchase the Lucky Block coin.

Lucky Block tokens have been in circulation since 2022 when they were first introduced for £0.0009235, and their current market value is £0.001493, respectively. Currently, there are 37,23 billion tokens in circulation, and Lucky Block has a market capitalization of £55,434,750

Your money is at risk.

2. Chainlink – Best ERC20 Token Integrating Off-chain Data

Chainlink was founded by Sergey Nazarov and Steve Ellis in 2019. As one of the first networks to allow the integration of off-chain data into smart contracts, chainlink is a pioneer in this field. As a result, chainlink has many trusted partners. Due to its integration of off-chain data, it has gained the attention of numerous trusted data providers, including Brave New Coin, Alpha Vantage, and Huobi.

A large community of open-source community members – including data providers, node operators, smart contract developers, researchers, auditors, and others – drives the Chainlink Network. Chainlink enables blockchains to securely interact with external data feeds, events, and payment methods. In addition, it provides the information required by complex smart contracts to become a dominant form of digital agreements.

To retrieve and prepare off-chain data and perform computations, Chainlink network operators are paid in LINK tokens and operate in a decentralized oracle network, so the operator must stake their LINK tokens.

The chainlink token has been in circulation since 2017, when it was first introduced for £0.1262, and its current market value is £10.84. There are 467,009,549.52 tokens in circulation, and chainlink has a market capitalization of £5,063,708,832.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

3. OX – UK’s Best ERC20 Token with the Lowest Market Cap

In 2016, Will Warren and Amir Bandeali founded 0x to provide a standard protocol for the Ethereum blockchain. The exchange provides users access to many tokenized assets, including stocks, real estate, and video game items. Also, the ZRX token is used in the network to pay trading fees, and those holding ZRX tokens can influence its governance.

With the 0x protocol, liquidity takers are rewarded with ZRX tokens, which are used to motivate market makers (relayers) to provide liquidity. In addition, the user must pay a protocol fee in the form of Ether (ETH) to pay for the gas used in all transactions. However, due to 0x’s status as an open-source protocol, it does not receive a share of these revenues. Still, it is instead funded by ZRX tokens unlocked as team and developer incentives and its initial ICO funding.

It is estimated that ZRX tokens have been in circulation since 2017, when they were first introduced at £0.3296, and their current market value is £0.554. A total of 847,496,054.80 ZRX tokens are available, and ZRX has a market capitalization of £473,253,860.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

4. Maker – ERC20 Token with the Highest Market Price

Rune Christensen founded Maker in California in 2014. The Maker Platform is a decentralized autonomous organization (DAO). It is one of the earliest projects in what is known as the decentralized finance movement, which aims to build decentralized financial products on top of smart contract-enabled blockchains such as Ethereum.

In addition to providing voting rights and facilitating the payment of fees and interest on the platform, the main purpose of Maker was to stabilize the price of the DAI token at $1 and manage Dai Credit System. This potential of managing one of the largest stablecoins on the market drives the demand for MKR tokens and subsequently affects their value.

There have been Maker tokens in circulation since 2017, when they were first introduced at £19.56, and their current estimated market value is £1,422.31. In addition, Maker has a supply of 977,631.04 tokens and a market capitalization of £1,429,101,283.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

5. Loopring – UK’s Best ERC20 Token With Zk-Rollup Technology

Daniel Wang, a former Google software engineer, founded Loopring in 2017 in China. Loopring intends to combine centralized order matching with decentralized on-blockchain order settlement into a hybrid product that combines the best aspects of both decentralized and centralized exchanges, expecting to increase the efficiency of order execution and enhance the liquidity of DEXs.

In contrast to other protocols, Loopring claims that its platform eliminates the slow speeds and large transaction costs related to cryptographic transactions by utilizing Zero-Knowledge Rollups (zkRollups). In addition, it facilitates anonymous transactions, which essentially provide a means of authenticating information without revealing individual information.

In 2017, the token’s initial coin offering 2017 raised 120,000 in ether, with a value of around $45 million; Loopring tokens went on sale for £0.7288, and their current market value is estimated at £0.5869. In addition, the company has a supply of 1.33 billion tokens and a market capitalization of £969,462,875

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

6. Basic Attention Token – Digital Advertising Industry’s Best ERC20 Token

Brian Bondy and Brendan Eich developed the company behind the coin, and they launched the BAT token in 2017. According to its creators, the Brave web browser was developed to address several issues within the digital advertising industry, such as privacy violations and the inability of advertisers to track and measure the effectiveness of their digital advertising campaigns.

Using BAT, media consumers can track the amount of time and attention they spend on websites; also, while maintaining their privacy, users can earn BAT by viewing ads through Brave rewards. As a result of the popularity of their content, publishers and creators can earn ad revenue and also benefit from user contributions.

Tokens for Basic Attention have been available in circulation since 2017, when they were first introduced for £0.2267, and their current market value is estimated at £0.5869. The company also has a supply of 1.50 billion tokens and a market capitalization of £878,816,887.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

7. Shiba Inu – The First ERC20 Token to be Donated to Charity

An anonymous creator named Ryoshi launched the Shiba Inu coin, also known as the Shiba token, in 2020. In contrast to Dogecoin, the coin was introduced as an alternative, gaining significant value. In addition to supporting a fan-favorite breed, Shiba Inu is one of the first crypto assets designed to donate to charity; as a result of its popularity, this crypto asset has caught the attention of Amazon Smile, and together they collect donations that benefit Shiba Inu rescue charities throughout the world.

Shiba Inu was initially just one of many meme coins but skyrocketed to prominence after Vitalik Buterin burned his share of the SHIB supply because Ryoshi gave Buterin 50% of the Shiba Inu supply, and the other half was deposited into the decentralized cryptocurrency exchange Uniswap.

The Shiba Token was launched with a supply of 1 quadrillion coins, and the tokens have been available in the market since 2020, when they were first introduced for £0.000000000111 and have an estimated market value of £0.00001948. Additionally, the project has a supply of 549,063.28B tokens and a market capitalization of £10,689,506,837

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

8. The Sandbox – Top ERC20 Token for Game Maker Options

The Sandbox was founded in 2011 and is headquartered in San Francisco, California. The company’s platform allows users and gamers to create and play games while monetizing their content using tokens; as different laws and policies restrict traditional gaming platforms, games created with Sandbox can transcend those limitations due to decentralization and blockchain technology.

Generally, Sandbox promotes its SAND token in its games, but other NFTs may also be utilized. For example, the Sandbox platform works with the VoxEdit software that allows users to design their game objects and NFTs and the Game Maker option to create games without programming. This is possible due to the exchange of information within the Metaverse.

Initially, the company began with a bang and drew support and investment from several big names in the gaming industry, such as Atari, Helix, and CryptoKitties. The Sandbox tokens have been in circulation since 2020 when they were first introduced for £0.03435, and they currently have an estimated market value of £2.0564. In addition, it has a circulation supply of 1.16 billion tokens and a market capitalization of £2,583,529,151.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

9. Decentraland – Top ERC20 Token in Virtual Reality Applications

Decentraland was created in 2015 by Ari Meilich and Esteban Ordano. The platform allows users to purchase, develop, and monetize virtual reality applications, incentivizing users to build and operate a shared virtual world across a global network. As part of the Decentraland platform, MANA coins can be used to purchase digital real estate, known as LAND (a non-fungible digital asset maintained in an Ethereum smart contract ERC20)

Users can purchase plots of land in this virtual world, which they can then navigate, build upon, and monetize. On the Decentraland marketplace, MANA tokens can also purchase a range of avatars, wearables, names, and more. In addition, Decentraland is also one of the growing numbers of projects that use decentralized autonomous organizations (DAOs) for governance purposes.

Tokens for Decentraland have been in circulation since 2017, when they were launched for £0.01462, and at present, they have a market value of £1.6614. The token’s market capitalization is £3,060,216,226, and it has a circulation supply of 1.84 billion tokens. In 2017, an Initial Coin Offering for Decentraland raised approximately $26 million (86,206 Ether).

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

10. Gala Games – Platform with More Than 265,000 NFTs sold.

This company was founded in 2018 by Eric Schiermeyer; to provide gamers with ownership over their in-game purchases. Gala Games provides them with NFTs and a blockchain system providing true ownership for gamers. As a result, in-game purchases are considered assets of the players, and the Gala Games ecosystem is decentralized through a player-owned Node Ecosystem that allows for greater control of the player.

The company owns its native token, GALA, an ERC20 token that you can use for in-game exchanges; also, in the cryptocurrency industry, the company sets the trend for the play-to-earn wave and entered into a strategic partnership with the creators of The Sims to further develop the games and attract players.

The Gala token has been in circulation since 2020 when it was launched for £0.0012, and at present, it has a value of £0.1535. It has a market capitalization of £1,069,932,166 and has a circulation supply of 6,98 billion tokens. As of a few milestones, it has more than 90 team members, 1.3 million monthly active users, and 265,000 NFTs sold.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

What Is The Best ERC20 Coin To Buy In 2022?

The most important point is that as Lucky Block is built on the blockchain protocol, all of its games are based on smart contracts, ensuring randomness and legitimacy without any doubt. This company’s main objective with Lucky Block is to revolutionize the global lottery sector by using two emerging technologies – blockchains and smart contracts.

A key fact regarding this token is that it is the fastest cryptocurrency to hit $1 billion in market capitalization, had over 40k+ token holders within the first month, and raised a record $5.8 million during the four-week pre-sale period; LBLOCK is the fastest growing cryptocurrency in history. In addition, Lucky Block is a cheap cryptocurrency with huge upside potential.

When it comes to Lucky Block – a significantly greater proportion of collected proceeds is allocated to jackpot prizes; therefore, players receive more favorable odds. As a result, stakeholders will not be restricted to playing only lottery games in their own countries; people from all over the globe can engage in lottery games through Lucky Block.

Your money is at risk.

How to Buy Lucky Block

Following our review of the information regarding Lucky Block and its token LBLOCK, we will develop the step-by-step process to acquire it if you are interested in joining the community benefiting from this excellent ERC20 token.

Step 1 – Set Up a Crypto Wallet

You will need to set up a cryptocurrency wallet compatible with the Binance Smart Chain, as Lucky Block is hosted on this blockchain. Numerous crypto wallets offer this functionality, but Trust Wallet is the best option for us due to the service backed by Binance and is available as an iOS and Android app. Hence, you have to download the application.

Step 2 – Buy Binance Coin

To facilitate your LBLOCK investment, you will need to purchase some BNB; you can add funds to Trust Wallet from an external source such as an exchange and then transfer your holdings into your crypto wallet or from the Trust Wallet app with your debit or credit card in a direct way.

Step 3 – Connect Wallet To PancakeSwap

Please visit PancakeSwap’s homepage and click ‘Connect Wallet.’ You should choose the Trust Wallet in the box that appears and then follow the instructions on the screen to connect to the exchange. You will then need to confirm that you give PancakeSwap permission to use your account.

Step 4 – Specify Lucky Block Contract Address

You should enter the contract address of Lucky Block from Coinmarketcap.com (0x2cD96e8C3FF6b5E01169F6E3b61D28204E7810Bb) into the pop-up menu that appears to set up the BNB to LBLOCK transfer.

Step 5 – Buy Lucky Block Token

There is only one thing left: enter the amount of BNB that you wish to exchange for LBLOCK in the top section of the order form. You may need to transfer your new LBLOCK tokens to your crypto wallet manually. However, you can easily export them using the address noted above. You may now start trading on the Lucky Block platform and place bets in any way you wish

Your money is at risk.

What Is An ERC20 Coin?

Ethereum Request for Comments (ERC20) is the standard governed by Ethereum. The number 20 represents the unique identification number that allows it to be distinguished from other standards; it specifies the functions and events of an Ethereum smart contract can implement.

In general, an ERC20 token can be thought of simply as a smart contract with a predefined data structure; the purpose of the initiative is to facilitate the implementation of various functionalities on the Ethereum blockchain and facilitate the work of developers.

The objective and purpose of the ERC20 token are to design a standard that will allow for better interoperability and compatibility among tokens and develop improvements to the Ethereum ecosystem. This can be attributed to the Solidity programming language or the EVM virtual machine to create a multifunctional system using a standard interface that other applications can re-use.

All ERC20 tokens must meet a series of requirements to qualify. To demonstrate the characteristics of an ERC20 token, we will consider the ChainLink token as an example. Below we have listed the main ones so that you will become familiar with the requirements,

• Each token has a name or identifier and an associated symbol to identify and distinguish tokens within the Ethereum blockchain. For example, the name is ChainLink Token, and the symbol is LINK.
• Manages the basic economic aspects of its issuance; data such as decimal precision and total token issuance is one example. For example, chainLink has 18 decimals and a total supply of 1,000,000,000.
• The system provides an interface for controlling and reviewing the balances of the addresses of its owners. As a result, the token can report the number of funds contained in a specific address.
• In addition, it can handle the transfer system natively due to the functions for handling funds transfers.
• A token may also be capable of autonomously withdrawing partial amounts from a single address. As an example, you can withdraw up to 500 LINK from Juan’s account; you can withdraw in parts, for example, 200 LINK in one withdrawal, 100 LINK in another, and 200 LINK in another, as long as you do not exceed the amount of the initial withdrawal.

At the moment, ERC20 tokens are one of the most popular tokens in the cryptocurrency industry, and there are a large number of ERC20 tokens created. On the Etherscan page, you can find out how many tokens currently exist and additional information about each token, such as transfers, holders, information, DEX Trades, contract, Analytics, and comments.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

Are ERC20 Tokens A Good Investment?

This section discusses why you should consider ERC20 coins as a suitable investment option for your portfolio if you remain unsure whether investing in this asset class is a good idea.

Affordable Price

In contrast with some cryptocurrencies that have extremely high market prices, such as Bitcoin, Ethereum, and Litecoin, among others, this list of ERC20 coins has a very low price, as in the case of Lucky Block, which costs £0.001493 or Loopring, which costs £0.5869.

As a result, if you wish to invest through our recommended eToro platform, you can start looking for many ERC20 coins within minutes with as little as $10 and invest in those that suit your needs most effectively without affecting the size of your investment and with the possibility of very high returns.

Diversified Portfolio

Because of the low cost of these top 10 ERC20 coins, you can perform market analysis through our eToro platform, which provides news, charts, indicators, and other information so that you can diversify the ERC20 coins in a smart way and with no high investment cost, you can start investing, and over time you will receive great returns.

If you want to invest in Lucky Block, Chainlink, and ZRX, among others, we can see that their price predictions show a positive pattern, and in recent times, their value and market cap have increased significantly. Additionally, you can diversify your portfolio by investing in many of these currencies and minimizing risk.

Utility Tokens

In contrast to cryptocurrencies that operate their blockchains, such as Bitcoin or Ethereum, ERC20 tokens are utility tokens since you can exchange them for different uses through smart contracts in the Ethereum blockchain.

In addition, as our top 10 projects include highly recognized and profitable projects that use this token to operate, make purchases, execute processes, etc., the token’s value will continue to increase over time. For example, it would be the case for the tokens of Lucky Block (LBLOCK), Decentraland (LAND), and GALA Games (gala), among others, which are experiencing incredibly positive outcomes.

Best Platforms To Buy ERC20 Coins – Step By Step Guide

In this section of the guide, we have already provided all the necessary information regarding the best ERC20 coins in the UK, the outlook for the cryptocurrencies, and the companies that offer these tokens.

Understandably, you may now be wondering how to acquire ERC20 coins. Even though you cannot trade Lucky Block at present on eToro, the other 9 options in our top 10 are available with 0% commission. So let us now examine the review of our recommended broker, eToro; overall, the best place to buy ERC20 coins in the UK.

eToro – Overall Best Place To Buy ERC20 Coins In The UK

In 2007, Ronen Assia and Jonathan Assia from Israel founded eToro, which has become one of the biggest online brokers in the world. Also, eToro is fully regulated by the FCA, ASIC, and CySEC. The network has more than 20 million users, so it is considered the “world’s leading social trading network.” If you are interested, you can trade more than 2,000 different financial assets on eToro, including ERC20 coins and tokens.

In addition, eToro offers 24/7 customer support, and if you are a beginner, you can copy other traders’ trades and analyze their moves to profit from trading ERC20 coins. You can even use the demo account, which offers $100,000 free trading, to buy ERC20 coins until you are comfortable enough to proceed to a live account.

We find it favorable about eToro because it is a platform designed for beginners. With a minimum deposit of $10, you can start trading ERC20 coins as you wish and without commissions, and UK residents have access to eToro both through the web and via their mobile devices (iOS and Android).

Whenever you search for the top ten best ERC20 coins on the market, you will be able to access detailed market analysis, indicators, charts, and news about the product you are looking to invest in to be very protected while diversifying your portfolio. Additionally, eToro offers a wide variety of educational resources to help you learn and become an experienced trader.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

How To Buy ERC20 Coins In The UK – eToro Tutorial

This popular broker is the best way to invest in ERC20 coins if you reside in the United Kingdom. Furthermore, eToro’s online trading is not subject to commissions, and an account is free of charge.

Let’s review these steps so that you can start trading on this safe and trusted exchange we recommended and get ERC20 coins at the best prices on the market.

Step 1: Open An Account

The first step is to click the “Join Now” button on the eToro website and provide eToro with general information such as your name, email address, phone number, username, and a strong password. You can also link your Facebook or Google accounts during registration if you have them.

Step 2: Upload ID

Verify your account by uploading an identity document, such as a driving license or passport, and a recent bank statement or utility bill; once the documents have been uploaded, the address will automatically be verified.

Step 3: Deposit Funds

If you reside in the UK, you will need to make a deposit of $10 to begin trading at eToro. You can make the deposit using various methods, including debit or credit cards, bank transfers, PayPal, UK bank transfers, and other third-party channels, such as Neteller.

As a platform, eToro trades in USD. It accepts deposits in 14 other currencies, including GBP, but since 50 pip, it also imposes a conversion fee.

Step 4: Buy ERC20 Coins

If you have sufficient funds in your account, you should enter the search bar and pick one of the top ten ERC20 coins we recommend in this guide and available on eToro.

Let us assume that you wish to buy ChainLink, so go to the search bar, find it, and click on “Trade.” You will then be able to choose how many ChainLink you wish to acquire and click “Open Trade,” and you will be done.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

Conclusion

After reviewing all the information about the top ERC20 coins and their characteristics, you are now ready to invest accordingly. Lucky Block is the best cryptocurrency coin that emerged in 2022 due to its characteristics and great reception since its launch in 2022, breaking records across the globe and becoming the fastest-growing crypto coin in history.

Invest with our recommended broker, which has a long history, trust, and security. You will be able to acquire the ERC20 coins you like, including 9 of our top 10, and use the platform’s copy trading tools, education, customer service, and demo account. Starting with only $10, you will not incur any commissions.

Lucky Block – Overall Best ERC20 Token to Invest in the UK

Your money is at risk.

FAQs

What tokens are ERC20?

The ERC20 tokens are digital assets designed, issued, and used, but they interact only with the Ethereum blockchain. Typically, these tokens are backed by a smart contract that keeps track of their transactions.

How many ERC20 tokens are there?

Following Etherscan, a total of 518,530 token contracts have been created as of today, April 18, 2022.

Where can I buy ERC20 tokens?

The best place to purchase ERC20 tokens is our recommended broker, eToro, where you can access the best tokens with just a $10 deposit and on a secure platform regulated by the FCA, ASIC, and CySEC.

How much are ERC20 tokens worth?

While prices vary greatly over time, we note that at the time of writing this guide and reviewing the best ERC 20 tokens, we can see that the LBLOCK token price is £0.001493 with a market cap of £55,434,750, and the LINK token price is £10.84 with a market cap of £5,063,708,832.