How to buy Morpheus Network (MNW) in the UK

Where to buy Morpheus Network in the UK

It looks like MNW may not be available to purchase on an exchange in the UK.

You can still purchase MNW by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

How to purchase MNW using a decentralised exchange.

1. Find MNW on a decentralised exchange and make sure Morpheus Network can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
2. Buy ETH to trade for MNW using an exchange like CoinJar. You will need to purchase enough ETH to swap for MNW as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
4. Trade ETH for MNW on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
5. Wait for the transaction to finalise and the MNW tokens will arrive in your wallet.
6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

Best Morpheus Network wallets to store your MNW

You can keep your MNW 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 MNW below.

Recent Morpheus Network developments

January 2022: Morpheus.Network has partnered with Chain.io to provide greater transparency to supply chain operators and their customers.

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

Is Morpheus Network a good investment?

Consider the following before buying MRPH:

• Real-life use cases: Morpheus Network has gained substantial traction over recent years, with the platform already having been adopted by a number of billion-dollar companies including Coca-Cola, Sobeys. The company has also entered into agreements with national governments (such as Argentina) so as to digitize their local agriculture sectors.
• Work automation: Using its native smart contracts, the platform is able to streamline data transfers, cross border payments across a large network of banks. In fact, the system is even compatible with traditional payment mediums such as SWIFT, allowing users to transact in either crypto or fiat across a large number of countries.
• High degree of interoperability: Using its novel ‘layering’ technology, Morpheus Network is able to integrate a number of legacy solutions onto a single blockchain platform. For example, the system allows clients to utilize Fedex’s tracking technology — traditionally used for tracking shipments — in conjunction with Ripple’s XRP based settlement layer within the same supply chain ecosystem.
• Security-centric: To help bolster the security of its ecosystem, Morpheus.Network utilizes the services of a well-known bug bounty platform called HackenProof. The firm has on its roster over a thousand highly-skilled, independent cybersecurity specialists.

Today's Morpheus Network price versus ATH

Compare today's price of Morpheus Network ($1.45 USD) against its all-time-high price of $5.46 USD on 11 November 2021. The closer the bar is to 100%, the closer MNW is to reaching its ATH again.

How to trade, convert or sell Morpheus Network

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

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