How to buy PLEX (PLEX) in Australia

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

PLEX
PLEX- USD
$0.81
- $0.02 ( - 2.47%)

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Where to buy PLEX 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 PLEX

It is good practice to review all aspects of a cryptocurrency and the associated platform before investing. Here are a few things to consider before purchasing PLEX:

  • Banking: MinePlex competes in the digital banking services market, which is expected to grow to a market cap of $9 trillion by 2024. This could mean that MinePlex has plenty of market capitalisation to chase in the future. While the market will likely be there, MinePlex will still need to execute its roadmap and vision perfectly to compete.
  • Competitors: MinePlex categorises itself as a CrossFi project - a term used to describe hybrid crypto and traditional finance protocols and applications. Its closest competitors appear to be platforms that offer crypto and banking-like services, such as the centralised exchange Crypto.com.
  • Scalability: The MinePlex blockchain utilises the same Liquid Proof-of-Stake (LPoS) consensus algorithm as the Tezos blockchain. The LPoS mechanism allows for a transactional capacity of 40 transactions per second (tps). This is approximately 3 times faster than the Ethereum blockchain.
  • Token supply: According to the whitepaper, PLEX has been designated 4 emission stages. During the first stage, each new block that is added to the MinePlex blockchain releases 600 new PLEX tokens. The emissions are then set to halve for each subsequent stage. This means that the token will likely become scarcer over time until all 415 million tokens are generated.
  • CrossFi: Rather than develop another decentralised finance (DeFi) application that tries to disrupt traditional finance, MinePlex has tried to bridge traditional financial assets with digital currencies. DeFi is often seen as an unknown and is treated with caution by many. Focusing on a bridge between what is familiar and what is new could help to encourage wider user adoption of MinePlex.

How to sell PLEX

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

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

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

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