How to buy MVL (MVL) in the UK

Where to buy MVL in the UK

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

You can still purchase MVL 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 MVL using a decentralised exchange.

1. Find MVL on a decentralised exchange and make sure MVL 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 MVL using an exchange like CoinJar. You will need to purchase enough ETH to swap for MVL 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 MVL 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 MVL 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 MVL wallets to store your MVL

You can keep your MVL 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 MVL below.

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

Is MVL a good investment?

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.

Today's MVL price versus ATH

Compare today's price of MVL ($0.00320776 USD) against its all-time-high price of $0.06973 USD on 02 April 2021. The closer the bar is to 100%, the closer MVL is to reaching its ATH again.

How to trade, convert or sell MVL

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

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