How to buy Mask Network (MASK) in Australia
Learn how to buy Mask Network (MASK) on 11+ crypto exchanges in our step-by-step guide.
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You can buy Mask Network (MASK) on a cryptocurrency exchange like CoinSpot. These specialised marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Mask Network is a platform that allows users to encrypt content that is posted to social media networks. Here's how to buy Mask Network.
How to buy Mask Network in 4 easy steps
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.
- Compare crypto exchangesThe easiest way to buy Mask Network is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
- Create an account To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
- Make a depositOnce verified, you can deposit $ using the payment method that best suits you – bank transfer, bpay, cash and cryptocurrency payments are widely accepted.
- Buy Mask Network You can now exchange your funds for Mask Network. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Mask Network to your personal wallet.
Where to buy Mask Network in Australia
Find an exchange to buy, sell and trade MASK by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How do I find the best places to buy Mask Network?
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.
What will I need to buy Mask Network?
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 Mask Network.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing MASK with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
Where can I buy Mask Network with a credit or debit card?
Once you've created an account, you will need to deposit funds to buy MASK with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy MASK on the following exchanges:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase MASK by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for MASK on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Mask Network?
The easiest way to buy MASK 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 MASK, 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 Analysis tools to get an idea of how the price of Mask Network has been performing recently.
Best Mask Network wallets to store your MASK
You can keep your MASK on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Is Mask Network a good investment?Cryptocurrencies are extremely volatile assets, which means it is vital to assess each token individually. Here are some of the factors to consider for MASK:
- Launch. MASK tokens were first launched in February 2021 via an “Initial Twitter Offering”. Users could directly participate in the public issuance of tokens on Twitter, and 7% of all tokens were sold to the public.
- Supply. MASK tokens have a maximum supply of 100 million. After the 7% initial launch, the majority of MASK tokens are locked up for long-term use. Over the next 36 months, all 100 million tokens will be unlocked. According to the coin aggregator CoinMarketCap, as of July 2021, there are over 12 million currently in circulation.
- Governance. As token holders, users have ownership of the Mask ecosystem. Token holders vote on all matters related to the Mask Network and usage of the Foundation Reserve. The Foundation Reserve is currently used for things such as community grants, nurturing the developer community, building the ecosystem, providing operations grants and financing collaborations. MASK holders can vote by staking their tokens during the voting period. Holders must stake MASK tokens in governance for at least 7 days before a voting session.
Additional information about Mask Network can be found using our MASK analysis tools.
Today's Mask Network price versus ATH
Compare today's price of Mask Network ($1.62 USD) against its all-time-high price of $41.45 USD on 24 February 2021. The closer the bar is to 100%, the closer MASK is to reaching its ATH again.
ATH date: February 24, 2021
Mask Network ATH: $41.45 USD
How to trade, convert or sell Mask NetworkYou can convert or sell your MASK with the same exchange you bought it through:
- Sign in to the exchange you have MASK on.
- If you store your Mask Network in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of MASK you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Mask Network.
- Complete your transaction and move your MASK to a wallet for storage.
Disclaimer: Cryptocurrencies, including Mask Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MASK 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 Mask Network or any other cryptocurrency discussed.
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