How to buy Mirror Protocol (MIR) in Australia

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

Mirror Protocol
MIR- USD
DEFI
$2.76
+$0.06 (+2.14%)

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How to buy Mirror Protocol

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

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

What is Mirror Protocol?

Mirror Protocol is a decentralised finance (DeFi) platform built on the Terra blockchain. As outlined in Mirror documentation, the ultimate goal of the project is to give users exposure to traditional financial markets while avoiding common issues such as high brokerage fees and global accessibility. The project facilitates this by creating fungible tokens, known as mAssets, that track the price of real-world assets. Mirror Protocol also distinguishes itself as an “inter-chain” platform, which means it can operate across multiple blockchains. There are currently 13 mAssets available for purchase, which track the prices of popular stocks (e.g. Apple and Tesla), commodities, derivatives and index funds. To mint an mAsset, users must deposit 150% of the asset’s value as collateral. This can be deposited in the form of TerraUSD (UST), other mAssets or cryptocurrencies such as LUNA or MIR. If the real-world asset exceeds the collateral ratio, the mAsset is liquidated. MIR is the governance token native to the Mirror Protocol network. It can be staked within the Mirror Protocol platform in return for rewards and is used as an incentive for users to deposit liquidity provider (LP) tokens back into the system. As previously described, it can also be used as collateral to mint mAssets.

Mirror Protocol (MIR) is the 171st largest cryptocurrency in the world by market cap, valued at $215,038,438. The current price of Mirror Protocol is $2.76, which is 0.771% higher than yesterday. Prices have ranged between $2.8 and $2.69 over the past 24 hours. All prices are listed in US dollars and accurate as of July 23, 2021 05:07 UTC.

Where to buy Mirror Protocol

Find an exchange to buy, sell and trade MIR 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
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

299
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD

278
cryptocurrencies

Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

263
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.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

266
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.
Gemini Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, CAD, EUR, GBP, SGD, HKD

41
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

271
cryptocurrencies

Promo: Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

145
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

219
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Coinbase Pro
Bank transfer, Cryptocurrency, Debit card, PayPal, Wire transfer
USD, EUR, GBP

60
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

267
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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Compare up to 4 providers

Mirror Protocol at a glance

Information last updated July 23, 2021 05:07 UTC.
Coin symbolMIR
Total MIR supply370,575,000
Circulating MIR77,742,702
Current priceUS$2.76
All time highUS$12.90
All time high dateApril 10, 2021

Mirror Protocol price performance over time

Historical prices compared with the price of US$2.76.

1 hourN/A
24 hours 0.77%
7 days -17.87%
14 days -25.68%
30 days -41.11%
60 days -21.99%
200 days 154.51%
1 yearN/A

How to sell Mirror Protocol

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

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

What to consider when buying Mirror Protocol

Before purchasing any cryptocurrency, an accurate evaluation of both the token and the associated platform should be completed. With regards to Mirror Protocol, here are a few things to look into.
  • Staking. To earn the most interest from MIR, tokens need to be used for trading mAssets and staking within the Mirror Protocol system. This process can be complex for beginners in the cryptocurrency world and has its own risks that need to be considered.
  • Accessibility. One of Mirror Protocol’s most appealing attributes is its interoperability. Users can trade mAssets and buy/swap MIR tokens on a number of different blockchains and DeFi platforms, including Binance Smart Chain (PancakeSwap), Ethereum (Uniswap), Terra (Terraswap) and Mirror Protocol’s own dapp. Continued progression of interoperability is a good sign for investors in MIR. To acquire the token, an investor currently needs to swap another cryptocurrency such as Bitcoin or USDT.
  • Governance. Some DeFi platforms can take a while to implement a fully decentralised system; however, Mirror Protocol has been decentralised from day one. Voting on proposals and general governance is controlled by all token holders. The platform’s direction is shaped by the community.
  • Competition. Creating synthetic assets that give users exposure to real-world items is an idea growing in popularity. The Synthetix platform is a direct competitor, and there are plenty of future projects lined up, such as Linear Finance and Deus Finance.

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

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