How to buy Mina Protocol (MINA) in the UK

Learn how to buy Mina Protocol (MINA) on 4+ crypto exchanges 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.

Mina Protocol (MINA) is the 91st largest cryptocurrency by market cap, valued at US$509,965,750.

Mina Protocol is a highly volatile asset capable of major price swings in a single day. Today MINA is trading for $0.563401 USD, which is lower than yesterday's trading price of $0.5652523711 USD. Over the past year, Mina Protocol's price has seen a decrease of -30%.

So before you buy Mina Protocol, 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 Mina Protocol.

How to buy Mina 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 Mina 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 GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Mina Protocol
    You can now exchange your funds for Mina 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 Mina Protocol 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 Mina Protocol in the UK

Find an exchange to buy, sell and trade MINA 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*.
1 - 4 of 4
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Finder Award
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD, AED

222
cryptocurrencies

OFFER
Coinbase Digital Currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

255
cryptocurrencies

Get £5 free with your first trade. T&Cs apply.
Revolut Cryptocurrency App
Bank transfer, Debit card, Apple Pay, Google Pay
GBP, USD, EUR, CAD, NZD, JPY, HKD, NOK, DKK & 9 more

98
cryptocurrencies

CEX.IO Cryptocurrency Exchange
Bank transfer (ACH), Credit card, Bank transfer (SEPA), Faster Payments Service, Skrill
USD, EUR, GBP, RUB

144
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Mina Protocol guide up-to-date

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

The easiest way to buy MINA 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 MINA, 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 Mina Protocol has been performing recently.

Best Mina Protocol wallets to store your MINA

You can keep your MINA 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 MINA 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 Mina Protocol a good investment?

MINA is the native cryptocurrency of the Mina Protocol and is required for the facilitation of many key internal operations. Here are a few key aspects of the project worth noting:

  • Multipurpose token Mina Protocol’s native cryptocurrency (MINA) is designed to not only help process a wide array of transactions taking place within the network but also assist in the fair, just distribution of fees amongst the platform’s clients (depending upon the amount of tokens held by them).
  • Novel operational design:According to Mina’s whitepaperwhitepaperthe project makes use of an advanced cryptography technique called zk-SNARKS so as to help in the creation of a “payment-oriented blockchain” which does not need every individual node operator to possess a complete set of the blockchain’s historical data. As a result, the computational requirements to run the platform are greatly reduced.
  • Highly economical:Mina’s ZK-Snark framework coupled with its Proof-of-Stake (PoS) consensus mechanism, allows it to reduce its overall resource requirements — especially when it comes to recording and processing transactions.
  • Two tier node setup:As per the official project websitewebsite Mina utilizes two specialized nodes to run efficiently — i.e. Block producers and Snark workers. While the former are required to select transactions to be included in the next block, the latter are commissioned to provide the network with computing power so as to help compress network data and generate proofs of transactions.

Today's Mina Protocol price versus ATH

Compare today's price of Mina Protocol ($0.563401 USD) against its all-time-high price of $9.09 USD on 01 June 2021. The closer the bar is to 100%, the closer MINA is to reaching its ATH again.

Mina Protocol's price: $0.563401
ATH date: June 01, 2021
6.20%

Mina Protocol ATH: $9.09


How to trade, convert or sell Mina Protocol

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

* 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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