Nowadays, many crypto projects are coming up with amazing innovative concepts; Trying to make things better.
Mina Protocol is something that everyone can adopt in the future. Blockchain size could become a big problem in the future. Mina Protocol has been devised to address this problem.
After reading about the Mina Protocol, most people want to buy a Mina Protocol’s native token.
Are you one of them? Do you want to buy Mina Protocol tokens but are a little confused about the process of buying MINA tokens? This is the right article for you my friend.
In this article, you will learn how to buy MINA tokens from some of the top crypto exchanges.
What To Expect From This Article?
In this article, you’ll know how to buy MINA from 4 popular crypto exchanges; Binance, Kraken, Gate.io, and OKX.
First of all, we have explained what the MINA Protocol and its token, is for people who are not aware of it.
Then, from where you can buy the MINA token. After this, the step-by-step process of how to buy MINA from 4 crypto exchanges with appropriate screenshots.
What Is Mina Protocol (MINA)?
Mina Protocol is said to be the first cryptocurrency protocol with a succinct blockchain.
As already mentioned above, the size of the blockchain could become a big problem in the future. The Mina protocol has been devised to address this problem.
Bitcoin Blockchain’s size is 389 GB and the size of the Ethereum blockchain is over 150 GB as of April 2022. The size of the blockchain will only increase with popularity over time.
Users may face problems running network nodes due to the huge size of the blockchains.
The Mina Protocol’s Succinct blockchain mechanism maintains the size of the blockchain constantly.
The Blockchain size of the Mina Protocol will always remain 22 KB. This makes the Mina Protocol Blockchain world’s lightest blockchain.
Size does not hold Mina back, anyone can easily connect peer-to-peer and validate transactions like a full node on Mina.
Earlier, the protocol was named Coda which was rebranded to Mina Protocol on September 29, 2020. O(1) Labs created the Mina protocol in 2017.
MINA is the native token of the Mina protocol blockchain. Mina uses a Proof-of-Stake mechanism so, the right to become a block producer on the network is earned by staking MINA tokens.
The current circulating supply of MINA is 456 million tokens. The MINA token is trading between $2.49 to $3 at the time of writing, and the token is ranked 77th by CoinMarketCap.
Where To Buy Mina Protocol (MINA)?
MINA token is available on over 20 crypto exchanges. MINA is available on major popular crypto exchanges such as Binance, Kraken, and OKX. You can easily buy MINA tokens from any of these well-known cryptocurrency exchanges.
We highly recommend that you should only buy any cryptocurrency from well-known crypto exchanges as they are considered easy to use and more secure.
We have directed you to buy Mina Protocol (MINA) from popular and trusted crypto exchanges. We have shown the steps very precisely to make sure that you do not face any problems in buying MENA tokens.
Let’s move on to how to buy…
How To Buy Mina Protocol (MINA)?
Binance
To Buy Mina Protocol (MINA) on Binance follow the steps below:
Step 1: Create an account on Binance.
You can create an account on Binance exchange using your email address or phone number.
- Click on Register on the Binance website.
- Enter your details and click on “Create Account.”
Step 2: Get Verified on Binance.
You have to provide personal information and a government-issued ID on Binance to get verified.
- Login to your account. Click on the Profile icon > Identification.
- Click on Verify.
Step 3: Buy a Stable Coin.
Buy a Stable Coin like USDT and BUSD.
You have to First Buy a Stable Coin to buy MINA on Binance.
- Click on Buy Crypto. Choose your method to Buy.
- Buy Stable Coin with Fiat money.
Step 4: Buy Mina Protocol (MINA).
- Click on Trade > Convert.
- Convert Purchased Stable coin to MINA.
Kraken
Step 1: Create an account on Kraken.
- Click on Create Account on the Kraken website.
Step 2: Get Verified on Kraken.
- Login to your account. Click on your Name > Get Verified.
Step 3: Deposit funds into your Kraken Account.
- Click on Funding > Click on Deposit.
Step 4: Buy Mina Protocol (MINA).
- Click On Trade and Search For MINA.
- Click On Buy MINA.
Gate.io
Step 1: Create an account on Gate.io.
- Click on Sign Up on Gate.io.
Step 2: Get Verified on Gate.io.
- Click on the Profile icon > KYC|Identification.
- Click on Verify Now.
Step 3: Buy a Stable Coin.
On Gate.io you can buy MINA using USDT or BTC.
- Click on Buy Crypto then buy USDT or BTC.
Step 4: Buy Mina Protocol (MINA).
- Click Trade > Spot Trading.
- Search For MINA and Convert USDT/BTC to MINA.
OKX Exchange
Step 1: Create an Account on OKX.
- Click on Sign Up on the OKX website.
- Sign Up by Email or your phone number.
Step 2: Get Verified on OKX.
- Click on the top-right corner.
- Click on Account > Verification.
Step 3: Buy a Stable Coin.
You can buy a MINA token using USDT stable coin on OKX.
- Click on the top-right corner.
- Click on Buy Crypto.
Step 4: Transfer Your USDT from Funding Account to Trading Account.
- Click on the top-right corner.
- Click on Assets > Transfer.
Step 5: Buy Mina Protocol (MINA).
- Click on the top-right corner.
- Trade > Basic Trading.
- Search MINA/USDT.
- Click on Buy MINA.
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[Disclaimer: The content of this article is not intended as financial advice, and should not be construed as such. Neither readaboutcrypto.com nor the author is responsible for any investment decision made by any reader.]