How to buy MonaCoin (MONA) in the UK

Where to buy MonaCoin in the UK

Unfortunately, at this time no major exchanges in the UK 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.

Unfortunately, at this time no major exchanges in the UK 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.

Best MonaCoin wallets to store your MONA

You can keep your MONA 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 MONA below.

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

Is MonaCoin a good investment?

Cryptocurrency can be a risky investment, so it’s good practice to evaluate the platform and purpose of the token.

• Consensus mechanism. In the 2020s, most new cryptocurrencies have been moving away from Proof-of-Work (computer mining) mechanisms due to its negative impact on the environment. Bitcoin has famously come under the spotlight for this. As computer mining continues to get updated due to tightening regulations, how MonaCoin adapts their network may impact the price.
• Use case. Although MonaCoin is available globally, its use case is mostly limited to Japanese products. Those that aren’t living in Japan (or planning to), or aren't consuming Japanese products, have no real use for MONA.
• Competition. MONA’s point of difference is that it is heavily focussed on the Japan region, but beyond that, it doesn’t offer anything particularly unique. Its function is very similar to a lot of other PoW, older networks that have much greater exposure (BitCoin, LiteCoin etc.). Many other cryptocurrencies are also often used for mobile and online gaming.

Today's MonaCoin price versus ATH

Compare today's price of MonaCoin ($0.385608 USD) against its all-time-high price of $16.45 USD on 06 December 2017. The closer the bar is to 100%, the closer MONA is to reaching its ATH again.

How to trade, convert or sell MonaCoin

You can convert or sell your MONA with the same exchange you bought it through:

1. Sign in to the exchange you have MONA on.
2. If you store your MonaCoin 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 MONA you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of MonaCoin.
6. Complete your transaction and move your MONA 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.