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How to buy Mirror Protocol (MIR) in Canada

Learn how to buy Mirror Protocol (MIR) on 6+ crypto exchanges in our step-by-step guide.

OFFER

VirgoCX Cryptocurrency Exchange

VirgoCX Cryptocurrency Exchange logo
  • Trade MIR and 70 other cryptos
  • Recurring buys & automated trading features
  • Get a $20 bonus when you open a new account and deposit $100+. T&Cs apply.
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Mirror Protocol (MIR) is the 1221st largest cryptocurrency by market cap, valued at US$4,913,820.

Mirror Protocol is a highly volatile asset capable of major price swings in a single day. Today MIR is trading for $0.03166059 USD, which is higher than yesterday's trading price of $0.0307604351 USD. Over the past year, Mirror Protocol's price has seen a decrease of -89%.

So before you buy Mirror Protocol, 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 Mirror Protocol.

How to buy Mirror Protocol 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.

  1. Compare crypto exchanges
    The easiest way to buy Mirror Protocol 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.
  2. 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.
  3. 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.
  4. Buy Mirror Protocol
    You can now exchange your funds for Mirror Protocol. 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 Mirror Protocol to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Mirror Protocol in Canada

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 exchange.

1 - 5 of 5
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Kraken Cryptocurrency Exchange
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, CAD, AUD, GBP, CHF, JPY, AED

188
cryptocurrencies

Certain trading features are limited or unavailable to residents of Ontario and Quebec.
Go to site
View details
VirgoCX Cryptocurrency Exchange
OFFER
VirgoCX Cryptocurrency Exchange
Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer
CAD, USD

71
cryptocurrencies

Get a $20 bonus when you open a new account and deposit $100+. T&Cs apply.
Go to site
View details
Bitfinex Professional Trading Exchange
Bitfinex Professional Trading Exchange
Credit card, Cryptocurrency, Bank Wire
USD, EUR, GBP, JPY

244
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Go to site
View details
Gemini Cryptocurrency Exchange
Finder Award
OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google Pay
USD, AUD, CAD, EUR, GBP, SGD, HKD, COP

108
cryptocurrencies

View details
Coinbase Digital Currency Exchange
Finder Award
Coinbase Digital Currency Exchange
Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

256
cryptocurrencies

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Mirror Protocol guide up-to-date

  • MIR price data is regularly updated through data feeds so you always have the latest information.
  • Mirror Protocol 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 Mirror Protocol?

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 Mirror Protocol?

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 Mirror Protocol.

  • 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 MIR 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 Mirror Protocol?

Once you've created an account, you will need to deposit funds to buy MIR 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 MIR:

  • 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 MIR by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for MIR on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Mirror Protocol?

The easiest way to buy MIR 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 MIR, 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 Mirror Protocol has been performing recently.

Best Mirror Protocol wallets to store your MIR

You can keep your MIR 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 MIR below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

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 Mirror Protocol a good investment?

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.
  • SEC investigation. At the end of 2021, the US regulatory body SEC announced they were investigating Mirror Protocol due to issues with registering the platform's native token, MIR, with the government agency.

Today's Mirror Protocol price versus ATH

Compare today's price of Mirror Protocol ($0.03166059 USD) against its all-time-high price of $12.9 USD on 10 April 2021. The closer the bar is to 100%, the closer MIR is to reaching its ATH again.

Mirror Protocol's price: $0.03166059
ATH date: April 10, 2021
0.25%

Mirror Protocol ATH: $12.9


How to trade, convert or sell Mirror Protocol

You can convert or sell your MIR with the same exchange you bought it through:
  1. Sign in to the exchange you have MIR on.
  2. If you store your Mirror Protocol in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of MIR you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Mirror Protocol.
  6. Complete your transaction and move your MIR to a wallet for storage.
  1. Data by CoinGecko

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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