How to buy Mixin (XIN) in Australia

Learn how to buy Mixin (XIN) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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Where to buy Mixin in Australia

Unfortunately, at this time no major exchanges in Australia 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.

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.

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.

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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