Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Mandala Exchange (MDX) is in the top 1,000 cryptocurrencies by market cap.
Mandala Exchange is a highly volatile asset capable of major price swings in a single day. Today MDX is trading for $0.00712377 USD, which is lower than yesterday's trading price of $0.0071306397 USD. Over the past year, Mandala Exchange's price has seen a decrease of -54%.
So before you buy Mandala Exchange, make sure you understand these unique risks as well as its legal and tax status here in Canada.
If you're ready to get started, read on for step-by-step instructions on how you can buy Mandala Exchange.
How to buy Mandala Exchange in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchanges
The easiest way to buy Mandala Exchange is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a deposit
Once verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy Mandala Exchange
You can now exchange your funds for Mandala Exchange. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Mandala Exchange to your personal wallet.
Where to buy Mandala Exchange in Canada
Find an exchange to buy, sell and trade MDX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
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How we keep this Mandala Exchange guide up-to-date
- MDX price data is regularly updated through data feeds so you always have the latest information.
- Mandala Exchange performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy Mandala Exchange?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Mandala Exchange?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Mandala Exchange.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing MDX with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Mandala Exchange?
Once you've created an account, you will need to deposit funds to buy MDX with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy MDX:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase MDX by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for MDX on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Mandala Exchange?
The easiest way to buy MDX is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying MDX, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Mandala Exchange has been performing recently.
Best Mandala Exchange wallets to store your MDX
You can keep your MDX on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your MDX below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
Is Mandala Exchange a good investment?
Although Mandala is an up-and-coming exchange, it is poised for greatness. Its partnership with Binance sets it up for success, by leveraging liquidity and trading pairs from the world's most popular exchange. Its MDXT token comes with a series of benefits, and Mandala's aim of becoming fully compliant should give users the peace of mind that it is a serious platform to trade upon.- Hundreds of digital assets. It offers hundreds of cryptocurrencies to trade, along with a large number of fiat currency pairs.
- Security. Mandala leverages Binance’s Secure Asset Funds for Users (SAFU) which stores 10% of all trading fees to cover losses in case of unexpected situations.
- Mobile apps. The exchange has apps for both iOS and Android devices.
- Cheaper trading. Through buying and locking the MDX token you can access trading fee rebates. And given you are using Binance’s trading pairs and liquidity, you can basically trade as if you were on Binance, but with discounted prices.
- Custom APIs. If you trade using bots, Mandala allows for customisable algorithms to automate your trading strategy.
- Low volume. Although Mandala taps into Binance, it is still an exchange with a small number of users, translating into low volume on the exchange as well as a small and relatively inactive community.
Today's Mandala Exchange price versus ATH
Compare today's price of Mandala Exchange ($0.00712377 USD) against its all-time-high price of $0.518192 USD on 15 April 2021. The closer the bar is to 100%, the closer MDX is to reaching its ATH again.
Mandala Exchange's price: $0.00712377
ATH date: April 15, 2021
ATH date: April 15, 2021
1.37%
Mandala Exchange ATH: $0.518192
How to trade, convert or sell Mandala Exchange
You can convert or sell your MDX with the same exchange you bought it through:- Sign in to the exchange you have MDX on.
- If you store your Mandala Exchange in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of MDX you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Mandala Exchange.
- Complete your transaction and move your MDX to a wallet for storage.
Disclaimer: Cryptocurrencies, including Mandala Exchange, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MDX 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 Mandala Exchange or any other cryptocurrency discussed.
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