How to buy Mixin (XIN) in Australia

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

-$2.27 (-0.64%)

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How to buy Mixin

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

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

What is Mixin?

Mixin is a Japanese-based network that processes peer-to-peer transactions across different blockchains with "lightning-fast" speeds and minimal fees. Unlike traditional blockchains, the Mixin network employs a directed acyclic graph (DAG) structure to process transactions, meaning that new payments can be validated simultaneously. According to the Mixin whitepaper, its ultimate goal is to help other ledgers "achieve trillions of transactions per second (TPS), zero transaction fees and unlimited extensibility". The protocol currently supports 13 blockchains and over 50,000 cryptocurrency tokens. A key feature of the Mixin networks is Mixin Messenger, a decentralised app (dAPP) developed by the team. The app operates as a hybrid of Facebook messenger and a typical cryptocurrency wallet, letting users store, send and receive digital assets as well as privately chat to others using encrypted messages. XIN is the native token of the Mixin network. It can be staked on the Mixin protocol in exchange for additional tokens as a reward. XIN coins are also pivotal for the compatibility of dApps built within the Mixin framework.

Mixin (XIN) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of Mixin is $353.43, which is 1.067% higher than yesterday. Prices have ranged between $352.72 and $346.6 over the past 24 hours. All prices are listed in US dollars and accurate as of July 30, 2021 11:07 UTC.

Where to buy

Unfortunately, at this time no major exchanges offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Mixin at a glance

Information last updated July 30, 2021 11:07 UTC.
Coin symbolXIN
Total XIN supply1,000,000
Current priceUS$353.43
All time highUS$2,095.67
Notable team membersCedric Fung
IndustryDigital asset transfers, cryptocurrency wallet
Token usesTransaction fees

Mixin price performance over time

Historical prices compared with the price of US$353.43.

1 hourN/A
24 hours 1.07%
7 days 19.08%
14 days 20.08%
30 days 15.63%
60 days -22.82%
200 days 86.46%
1 year 90.77%

How to sell Mixin

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

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

What to consider when buying Mixin

Before rushing out to invest in any cryptocurrency it’s first worth researching the token, it’s associated platform and observe what factors might influence its price.
  • Competition. According to Mixin’s documentation, its goal is to address the blockchain trilemma (particularly speed and interoperability) and improve the ecosystem of decentralised finance as a whole. Most newly minted tokens and cryptocurrency networks are attempting to thwart issues with scalability, and XIN’s point of difference remains a little difficult to pinpoint. The app, Mixin Messenger, is in direct competition with social media giant Facebook, who is developing the ability for its users to send cryptocurrency to and from one another.
  • Tokenomics. The total supply of XIN is capped at 1 million; of that, 560,770 is in circulation according to the Mixin team. 500,000 XIN is reserved for the running of the network’s nodes, while the rest is distributed among Mixin Messenger adopters, the development team and public trading pairs. To stake XIN on the Mixin platform, users must delegate at least 10,000 XIN.
  • Price history. Upon release, XIN tokens were priced at over US$2,000. Soon after, the value plummeted, with the price never again exceeding US$1,500 and even dropping as low as US$90. Such volatility and uncertainty in price suggests purchasing XIN may not be ideal for those who are after a safe, steady investment.

Coins similar to Mixin (XIN)

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

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