How to buy MiL.k Alliance (MLK) in Australia

A beginner's guide to buying and selling MLK in Australia.

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How to buy MiL.k Alliance

Look for an exchange that supports both fiat and cryptocurrency to simplify buying MiL.k Alliance.

  1. Open an account on an exchange that supports MLK.
    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 MiL.k Alliance.
  3. Buy MiL.k Alliance.
    Complete your MiL.k Alliance purchase and then find the best wallet to store MLK.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is MiL.k Alliance?

MiL.k is an ERC-20 token on the Ethereum blockchain. The MiL.k Alliance aims to connect companies in the travel, fashion and lifestyle sectors, aggregating reward points into a single currency, the Milk Coin (MLK). Traders can buy and sell MLK back and forth on various cryptocurrency exchanges, including Upbit, KuCoin and Bithumb. The idea behind the token is to solve the problem that rewards and incentives handed out to customers for using individual products tend to only be able to be used on a single platform or for engaging with a single service. MLK aims to collect all the rewards from companies that people use every day and make them transferable and more easily exchangeable. MiL.k was created by the Seoul-based tech company KeyInside Co in 2019 and officially launched in 2020. As of April 2021, it claims to have 400,000 users.

MiL.k Alliance (MLK) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of MiL.k Alliance is $1.17, which is -3.381% lower than yesterday. Prices have ranged between $1.22 and $1.16 over the past 24 hours. All prices are listed in US dollars and accurate as of September 20, 2021 09:09 UTC.

Where to buy MiL.k Alliance

Find an exchange to buy, sell and trade MLK 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
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

255
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Bithumb Cryptocurrency Exchange
Cryptocurrency
KRW

191
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
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MiL.k Alliance at a glance

Information last updated September 20, 2021 09:09 UTC.
Coin symbolMLK
Total MLK supply1,300,000,000
Current priceUS$1.17
All time highUS$3.59
All time high dateApril 06, 2021

MiL.k Alliance price performance over time

Historical prices compared with the price of US$1.17.

1 hour -0.24%
24 hours -3.38%
7 days -4.02%
14 days -15.63%
30 days 3.29%
60 days 42.15%
200 daysN/A
1 yearN/A

How to sell MiL.k Alliance

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

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

What to consider when buying MiL.k Alliance

This token is not particularly well known in the industry: As of July 2021, according to CoinMarketCap, it is the 340th most popular cryptocurrency with a market cap of only $76 million, making it one of the smaller tokens available on the market. The fewer people that own a token, the harder it is to get new buyers into the project, and the more difficult it is to attract developers to support the token for the long term.
  • Dilution. The total circulating supply of this token is set at 1.3 billion MiL.k, but as of July 2021, only 78.1 million tokens have been released. As more tokens are released over time, early holders will be diluted and the tokens they hold could be worth less in the future.
  • Userbase. MiL.k claims to have grown a userbase of 400,000 people to date, although these numbers could not be independently verified. If the company behind MLK can't attract enough companies to join its protocol, the number of rewards able to be aggregated will fall, resulting in a worse product for users. This will likely have an impact on the MLK token price.
  • Security and regulations. This token appears to be most widely traded on South Korean cryptocurrency exchanges like KuCoin, with the largest proportion of its daily trading volume coming from Upbit. Upbit’s security has been compromised in the past – the exchange was hacked in 2019, and according to CoinDesk, it lost $49 million in ETH tokens. According to The Diplomat, the South Korean market regulator has tightened the rules for cryptocurrency projects and exchanges in 2021, making it more difficult for anonymous traders to interact with cryptocurrencies, and requiring all exchanges to register with the Korea Financial Intelligence Unit. If the market regulator, the Financial Services Commission, continues to enforce stricter laws on cryptocurrencies, it could have a negative effect on the MLK token price.

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

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