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How to buy MVL (MVL) in the US

A beginner's guide to buying and selling MVL in the US.

MVL
MVL- USD
$0.01
+$0.0005 (+3.34%)

How to buy MVL

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

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

What is MVL?

Mass Vehicle Ledger (MVL) is a protocol built on the Ethereum blockchain. Based in Korea, the platform intends to create a decentralized, blockchain-based mobility ecosystem.

The Mass Vehicle Ledger’s blog outlines that the project’s mission is to bring safety, lower fees and vehicle data to a public network that encompasses all forms of transport and vehicle maintenance. This will include ride-sharing, mechanic services, car rentals and car yards. By creating a public blockchain with this data feed, citizens will be able to avoid malicious payments, find good deals on used cars and fuel, avoid dangerous drivers and manoeuvre traffic accidents.

Mass Vehicle Ledger’s native token is MVL. This token is used to drive the system forward through incentive-based data collection. Those that contribute accurate information to the ecosystem will be rewarded with MVL tokens. The tokens can then be used to purchase data, pay for ads or be sold on a cryptocurrency exchange.

MVL (MVL) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of MVL is $0.01427799, which is 0.001% lower than yesterday. Prices have ranged between $0.014366 and $0.01337596 over the past 24 hours. All prices are listed in US dollars and accurate as of August 05, 2021 02:08 UTC.

Where to buy

Unfortunately, at this time no major exchanges in the United States 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.

This guide provides step-by-step instructions on how to buy MVL in the US, lists some exchanges where you can get it and provides daily price data on MVL.

MVL at a glance

Information last updated August 05, 2021 02:08 UTC.
Coin symbolMVL
Total MVL supply30,000,000,000
Current priceUS$0.01427799
Notable team membersKay Kyeongsik Woo
PartnershipsOmiseGo
IndustryMobility data
Token usesUtility token
NetworkEthereum, Binance Chain

MVL price performance over time

Historical prices compared with the price of US$0.01427799.

1 hourN/A
24 hours 0.00%
7 days 0.65%
14 days 5.40%
30 days 23.49%
60 days 37.96%
200 days 2.22%
1 year -3.28%

How to sell MVL

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

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

What to consider when buying MVL

While Mass Vehicle Ledger is an innovative idea, it's always crucial to assess the platform and the associated token before investing. Here are a number of things you should consider before buying MVL:
  • Scalability: MVL aims to re-focus the entire transport sphere in Korea. The company then plans to expand to Asia and ultimately the world. The scope and ambition are quite exciting. However, with such ambitions, scalability concerns are prevalent. A network for the entire transport industry would require a fast, efficient and secure blockchain. While Ethereum is a good starting point, MVL will likely require better infrastructure. MVL plans to develop its own Mainnet, but until then, it is unclear how successful the project will be.
  • Investor drop-outs: Hashed, arguably the largest venture capitalist in Seoul, dropped its investment in MVL due to competition from ride-share platform Kakao Mobility. This company already has a huge market share in a number of industries and will also be developing a blockchain-based system for its enterprise.
  • Commission: Drivers that use the MVL ride-share system aren’t rewarded with fiat commission per trip. Instead they are given MVL tokens.
  • Accessibility: As MVL is a Korea-based blockchain network, MVL tokens must be acquired through Korean exchanges or other less-popular platforms.
Disclaimer: Cryptocurrencies, including MVL, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MVL 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 MVL or any other cryptocurrency discussed.

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