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How to buy Mdex (HECO) (MDX) in the UK

Learn how to buy Mdex (HECO) (MDX) in our step-by-step guide.

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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

Mdex (HECO) (MDX) is the 382nd largest cryptocurrency by market cap, valued at US$61,593,888.

Mdex (HECO) is a highly volatile asset capable of major price swings in a single day. Today MDX is trading for $0.065133 USD, which is lower than yesterday's trading price of $0.0670311478 USD. Over the past year, Mdex (HECO)'s price has seen a decrease of -34%.

So before you buy Mdex (HECO), make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy Mdex (HECO).

How to buy Mdex (HECO) 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 Mdex (HECO) 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 GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Mdex (HECO)
    You can now exchange your funds for Mdex (HECO). 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 Mdex (HECO) to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy Mdex (HECO) in the UK

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.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

347
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How we keep this Mdex (HECO) guide up-to-date

  • MDX price data is regularly updated through data feeds so you always have the latest information.
  • Mdex (HECO) 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 Mdex (HECO)?

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 the UK 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 Mdex (HECO)?

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 Mdex (HECO).

  • 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 is the easiest way to buy Mdex (HECO)?

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 Mdex (HECO) has been performing recently.

Best Mdex (HECO) 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

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Mdex (HECO) a good investment?

It is very important that an investor understands all of the risks involved in investing in a particular cryptocurrency and the various factors that could impact price. Here are some aspects to consider before adding MDX to an investment portfolio:

  • Competition: As the MDX token is directly tied to the MDEX platform, the success of the exchange will likely be a major driver in the token’s price movement. Attracting a greater number of users may result in MDX appreciating in value, but this might prove difficult due to the congested DeFi space. Although MDEX has a compelling USP (lower fees and interoperability), it must still compete with a huge range of decentralised exchanges and AMMs, such as UniSwap, PancakeSwap, and DYDX.
  • Deflationary: The MDX token is deflationary due to a ‘repurchase and burn’ mechanism implemented by the developers and community. Every 72 hours, MDEX deploys 0.06% of the platform’s transaction volume to repurchase and burn a portion of MDX tokens. MDX token holders can also participate through a ‘Burning Black Hole’ mechanism to earn additional rewards.
  • Earnings: MDX holders unlock a number of potential avenues to earn passive income. Certain investors may wish to capitalise on these opportunities by using the MDEX platform. For example, token holders can stake MDX to earn additional MDX tokens. Users can also participate in liquidity pools, and even farm fees by making transactions.

Today's Mdex (HECO) price versus ATH

Compare today's price of Mdex (HECO) ($0.065133 USD) against its all-time-high price of $10.11 USD on 22 February 2021. The closer the bar is to 100%, the closer MDX is to reaching its ATH again.

Mdex (HECO)'s price: $0.065133
ATH date: February 22, 2021
0.64%

Mdex (HECO) ATH: $10.11


How to trade, convert or sell Mdex (HECO)

You can convert or sell your MDX with the same exchange you bought it through:
  1. Sign in to the exchange you have MDX on.
  2. If you store your Mdex (HECO) 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 MDX you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Mdex (HECO).
  6. Complete your transaction and move your MDX to a wallet for storage.
  1. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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