TeslaCoin (TES) is a small cryptocurrency project that focuses on digital payments and renewable energy. While the name may sound connected to Tesla or Elon Musk, the project is completely independent. TES is mainly traded on smaller crypto exchanges and is considered a high-risk micro-cap cryptocurrency.
Before buying TeslaCoin, it is important to understand how the project works, where to buy it, and the risks involved. In this guide, we explain everything beginners need to know about buying TeslaCoin in the UK.
Different Types of Tesla-Related Crypto
Many people searching for “Tesla crypto” are surprised to learn that there is no official cryptocurrency created by Tesla or Elon Musk. Instead, several crypto projects use Tesla’s name to attract investor attention.
Tesla-related crypto assets usually fall into three main categories:
- Tesla-themed cryptocurrencies like TeslaCoin (TES)
- Meme coins inspired by Tesla or Elon Musk
- Tokenised Tesla stock products are available on some trading platforms
Each type works differently and carries different levels of risk. Some projects are simple meme coins, while others are linked to Tesla stock prices or designed for crypto payments.
Before buying any Tesla-related crypto, it is important to check whether the asset is a real cryptocurrency, a meme token, or a stock-based product.
Exchanges for Buying TeslaCoin
TeslaCoin (TES) is not available on most large regulated exchanges. It trades mainly on smaller crypto platforms that support micro-cap cryptocurrencies. Before opening an account, it is important to understand what each exchange offers, along with the risks involved.
Two platforms often linked with TES are Coinbase and HTX.
1. Coinbase
Coinbase is one of the most trusted crypto exchanges for beginners, especially in the UK. The platform is FCA-registered and is known for its simple design, strong security features, and beginner-friendly tools. It also supports easy GBP deposits through bank transfer and debit card, making it a popular choice for first-time crypto buyers.
Coinbase is commonly used by investors looking to buy major cryptocurrencies like Bitcoin, Ethereum, or Solana through a more established and regulated platform. The platform also offers educational content and a Learn & Earn programme where users can earn small amounts of crypto while learning about different projects.
However, TeslaCoin is not currently available for trading on Coinbase. The platform only provides TES price tracking and market information.
✔Inbuilt cryptocurrency wallet
- FCA-registered in the UK
- Easy-to-use platform for beginners
- Supports GBP deposits with bank transfer and debit card
- Strong security with most assets stored offline
- Educational tools and Learn & Earn rewards
- Coinbase Advanced offers lower trading fees
- Higher fees than many competitors
- TeslaCoin cannot be traded directly
- Customer support may be slow during busy periods
- No FSCS protection for crypto assets
2. HTX
HTX, previously known as Huobi, is a global cryptocurrency exchange that supports hundreds of digital assets, including smaller altcoins like TeslaCoin. The platform is popular with traders looking for access to micro-cap cryptocurrencies that are not available on many major exchanges.
HTX offers spot trading, futures trading, copy trading, and advanced chart tools through TradingView integration. Users can also fund their accounts using bank transfers, debit cards, and peer-to-peer payment methods.
TeslaCoin trading pairs are currently available on HTX, making it one of the main exchanges used for buying and selling TES. The platform also provides mobile trading apps, live market data, and Proof of Reserves reports to improve transparency for users.
However, HTX is not FCA-regulated in the UK. This means investor protections may be more limited compared to UK-authorised crypto platforms.
✔ A wide array of digital assets
- Supports over 700 cryptocurrencies
- TeslaCoin trading pairs available
- GBP, EUR, and USD deposits supported
- Good liquidity on major trading pairs
- Advanced trading tools and chart integration
- Monthly Proof of Reserves reports published
- Not FCA-regulated in the UK
- Trading fees can be higher than those of some competitors
- Card purchases may include extra fees
- Withdrawal fees can be expensive
- Mixed customer reviews on support response times
Before using any offshore exchange, UK investors should understand that regulatory protections may be more limited compared to FCA-authorised platforms.
How to Buy* Tesla Cryptocurrency? 5 Easy Steps
When engaging with cryptocurrencies, it’s crucial to recognise that these digital assets are characterised by their extreme volatility and speculative nature. This can result in swift and substantial price fluctuations. To safeguard your crypto holdings, it is imperative to utilise reputable wallets and exchanges, prioritising the security of your investments.
Also, exercise vigilance and due diligence to guard against crypto-related scams and fraudulent schemes that can potentially threaten your financial well-being. You can also spread your investments across multiple digital tokens and avoid making decisions based on emotions.
TeslaCoin (TES) is a small cryptocurrency that is mainly traded on specialist crypto exchanges. Unlike Bitcoin or Ethereum, TES is not available on most major UK platforms, so the buying process can feel a little more complicated for beginners. Still, with the right exchange and a few simple steps, buying TeslaCoin is fairly straightforward.
Choose a cryptocurrency exchange that supports TeslaCoin trading. HTX is one of the main platforms currently offering TES pairs.
Sign up with your email address and complete identity verification. Most exchanges will ask for a passport or driving licence, along with proof of address, such as a recent utility bill or bank statement.
After verifying your account, the next step is to add funds to your exchange wallet. Most crypto exchanges support bank transfers, debit cards, credit cards, and other payment methods.
For UK users, a bank transfer is usually the cheapest option. Many exchanges also support Faster Payments, which can allow deposits to arrive quickly, depending on your bank.
Before depositing, check payment fees, supported currencies, and processing times to avoid extra costs.
TeslaCoin is usually traded against USDT, a stablecoin linked to the US dollar.
Once your deposit arrives, buy USDT through the exchange’s trading section or instant buy feature.
Go to the spot trading market and search for the TES/USDT pair.
Before placing an order, check the latest price and trading volume. Since TES has low liquidity, prices can move quickly.
Using a limit order is usually safer than a market order because it lets you set the exact price you want to pay.
After buying TES, you can either keep it on the exchange or move it to a compatible crypto wallet.
Many traders leave smaller amounts on exchanges for convenience. For long-term storage, a private wallet (software/hardware) gives you more control over your funds and security.
*Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.
TES Price Prediction
TeslaCoin (TES) reached its all-time high of $0.168 in January 2018 during the major crypto bull market. Since then, the price has fallen sharply, and the coin now trades at a fraction of a cent. As of 2026, TES remains a low-volume micro-cap cryptocurrency with limited market activity.
Because TeslaCoin has very low trading volume, price predictions should be treated with caution. Small buy or sell orders can move the price quickly, making the market highly volatile and difficult to predict. Unlike larger cryptocurrencies, TES also has limited analyst coverage and very little public development activity.
Some traders still follow TeslaCoin because of its low price and fixed supply, but the project remains highly speculative.
For the latest TES price, trading volume, and market cap updates, see our live TeslaCoin chart.
About Tesla Crypto (TES)
TeslaCoin (TES) launched in 2018 as a cryptocurrency focused on digital payments and renewable energy. Unlike many modern cryptocurrencies, TES runs on its own blockchain network instead of Ethereum or other major chains. This gives the project more independence, but it also limits wallet and exchange support.
The total supply of TeslaCoin is fixed at around 79.1 million TES, and all coins are already in circulation. No additional TES can be created in the future. Like Bitcoin, the project uses a limited supply model, although TeslaCoin has much lower adoption and market activity.
TES was created to support fast peer-to-peer transactions with lower fees than some traditional payment systems. The project also aimed to build a payment network connected to eco-friendly businesses and digital commerce.
Over time, the team discussed plans for stronger security, wider adoption, and DeFi integration. However, TeslaCoin currently has very low trading activity, and some crypto tracking platforms now describe the project as inactive. Low liquidity can also make the price more volatile and trading more difficult for investors.
For UK investors, profits from selling TeslaCoin may be subject to Capital Gains Tax (CGT). Crypto exchanges can also share transaction data with HMRC, so keeping accurate trading records is important.
FAQs
No. TeslaCoin (TES) is not connected to Tesla Inc. or Elon Musk. It is an independent cryptocurrency project that only uses the Tesla name.
TeslaCoin is mainly available on smaller offshore crypto exchanges like HTX. Most major FCA-regulated UK exchanges do not currently support TES trading.
TES has very low trading volume, limited exchange support, and little market activity compared to major cryptocurrencies. Because of this, prices can change quickly, and liquidity may be limited.
Yes. Like many micro-cap cryptocurrencies, TeslaCoin remains highly speculative. Future growth would depend on wider adoption, stronger trading activity, and continued project development.
Conclusion
TeslaCoin is a small cryptocurrency project in a very competitive market. Its fixed supply, independent blockchain, and focus on renewable energy may attract traders seeking alternatives to major cryptocurrencies like Bitcoin and Ethereum.
At the same time, TES is still a high-risk micro-cap coin with low trading activity and limited exchange support. Prices can change very quickly, and low liquidity may make buying or selling more difficult.
Before buying TeslaCoin, UK investors should research the project carefully and use trusted exchanges. It is also important to follow market activity and understand the risks before investing.
Like many smaller cryptocurrencies, TeslaCoin remains highly speculative. Investors should be careful and only invest money they can afford to lose.
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I’ve mostly stuck with Bitcoin and Ethereum so far, but a friend mentioned TES to me recently which is how I ended up here. Still not sure if I’ll actually buy any, but the step by step explanation of wallets and exchanges helped me understand the process better. Clear guide and easy to follow.