How to buy Enzyme (MLN) in Australia

Learn how to buy Enzyme (MLN) easily by following a step-by-step guide and compare 10+ crypto exchanges.

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How to buy Enzyme

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Enzyme.

  1. Open an account on an exchange that supports MLN.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Enzyme.
  3. Buy Enzyme.
    Complete your Enzyme purchase and then find the best wallet to store MLN.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Enzyme?

Enzyme Finance, formerly known as the Melon Protocol, is a decentralised finance (DeFi) application built on the Ethereum blockchain. The platform brings asset management to the cryptocurrency community. It allows users to deposit digital assets into actively managed funds and potentially earn passive returns.

Enzyme Finance opens these funds to individuals and markets them with complete transparency. Integrations with multiple DeFi applications also gives users exposure to DeFi from one platform. Investors can also establish their own fund. Actively managed funds in traditional finance are often limited to wealthy individuals, but Enzyme Finance seeks to change that.

The MLN token is used to pay for various functions within the Enzyme Finance ecosystem and is used for governance of the protocol.

Enzyme (MLN) is the 455th largest cryptocurrency in the world by market cap, valued at $76,393,687. The current price of Enzyme is $52.54, which is -3.469% lower than yesterday. Prices have ranged between $56.89 and $51.8 over the past 24 hours. All prices are listed in US dollars and accurate as of January 27, 2022 05:01 UTC.

Where to buy Enzyme

Find an exchange to buy, sell and trade MLN by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

287
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

312
cryptocurrencies

Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

351
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

353
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

251
cryptocurrencies

Buy 250+ different cryptocurrencies using AUD with competitive trading fees on this Australian-owned and operated exchange.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

496
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit\/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

960
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
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Is it a good time to buy Enzyme?

The technical analysis gauge for Enzyme displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Enzyme based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Enzyme: moving averages, oscillators and pivots. Finder is not responsible for how MLN performs.


Enzyme at a glance

Information last updated January 27, 2022 05:01 UTC.
Coin symbol MLN
Coin Marketcap US$76,393,687
Total MLN supply 1,824,437
Circulating MLN 1,453,964
Current price US$52.54
All time high US$258.26
Notable team members Mona El Isa
Partnerships Techemy Capital, Rari Capital
Industry Asset management
Token uses Platform fees
Network Ethereum

Enzyme price performance over time

Historical prices compared with the price of US$52.54.

1 hour 0.49%
24 hours -3.47%
7 days -26.79%
14 days -32.00%
30 days -39.67%
60 days -48.03%
200 days -44.74%
1 year 45.76%

How to sell Enzyme

You can cash out your MLN with the same exchange you bought it through:

  1. Sign in to the exchange you have MLN on.
    If you store your Enzyme in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of MLN you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Enzyme.

What to consider when buying Enzyme

Before purchasing any cryptocurrency, a user should always consider the risks involved with both the token and the associated platform. For Enzyme Finance and the MLN token, these are some factors to consider:
  • Supply: Upon launching Enzyme Finance, 1.25 million MLN tokens were minted. In the latest MIP7 tokenomics update, it states that 300,600 MLN tokens were released each year post the ICO. However, that annual release is now set to depreciate by 20%, starting in 2021.
  • Disinflation: To incentivise support of the protocol, all newly minted MLN tokens are given to those that maintain and develop the network. Any remaining tokens are burned to prevent the overinflation of MLN tokens. The burn model implemented should have a disinflationary effect on price.

Disclaimer: Cryptocurrencies, including Enzyme, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MLN 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 Enzyme or any other cryptocurrency discussed.


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