Coinstash
Mina Protocol is a highly volatile asset capable of major price swings in a single day. Today MINA is trading for $0.101906 USD, which is lower than yesterday's trading price of $0.1033180373 USD.
Before you buy Mina Protocol, make sure you understand these unique risks as well as its legal and tax status here in Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy Mina Protocol.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Find an exchange to buy, sell and trade MINA by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
We currently don't have that product, but here are others to consider:
How we picked these
Mina Protocol is best described as a lightweight blockchain (with a total size of just 22kb) that is able to facilitate voluminous transactions regardless of how many processes the network may be handling at any given time. As a result of such a compact setup, it is extremely easy for anyone to operate a node and thus provide security to the network (without having to buy expensive computer hardware). According to comparative studiesstudiesMina's entire blockchain setup is smaller than a low-res photo that may be stored on one's phone, allowing it to bypass many DLT size issues that a number of other projects have faced in recent years (especially as they have on boarded more and more users).
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Mina Protocol.
Once you've created an account, you will need to deposit funds to buy MINA with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy MINA:
The easiest way to buy MINA is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying MINA, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Mina Protocol has been performing recently.
You can keep your MINA on the exchange you purchased it on, or move it to a personal wallet:
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
See more of the best crypto wallets
Despite dipping in September, the price of Bitcoin is up over 8% in the last month with Ether following at 4%. Meanwhile, Altcoins have been having a moment with BNB one of the top performers, jumping over 20% in the last 30 days alone, XRP up 6% and SOL having jumped 11%.
Meanwhile crypto exchanges in Australia will soon need to hold a financial services license (AFSL) under new draft legislation. Once rolled out, it means exchanges will be held to the same reporting and compliance standards as superfunds and online brokers.
Kylie Purcell is the Senior Investments Editor for Finder.
MINA is the native cryptocurrency of the Mina Protocol and is required for the facilitation of many key internal operations. Here are a few key aspects of the project worth noting:
Compare today's price of Mina Protocol ($0.101906 USD) against its all-time-high price of $9.09 USD on 01 June 2021. The closer the bar is to 100%, the closer MINA is to reaching its ATH again.
Disclaimer: Cryptocurrencies, including Mina Protocol, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MINA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Mina Protocol or any other cryptocurrency discussed.
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