Last update: Jun 6, 2022

How to Buy Mdex (MDX)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Mdex. Depending on where you live, you’ll have various cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Mdex

How to Buy Mdex – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Mdex of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger trading platforms.

4. Buy Mdex

Now that you have what you need to buy Mdex, head over to the market or buy section of the crypto trading platform and buy some MDX.

If the crypto exchange doesn’t have any Mdex on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Mdex first), and trade your Ethereum for Mdex.

Where to Buy Mdex (MDX)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Mdex

  1. Sign into the cryptocurrency exchange where you bought Mdex.
  2. Move your Mdex to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Mdex.

 

Crypto trading

How to Buy Mdex (MDX) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Mdex in Australia, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Mdex if it’s available. If the exchange doesn’t have Mdex. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Mdex), and trade your ETH for Mdex.

Also, take a look at our analysis of the most secure crypto exchanges in Australia for those curious to know more about which ones we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Mdex (MDX) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Mdex in Canada, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Mdex if it’s available. If the exchange doesn’t have Mdex. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Mdex), and trade your ETH for Mdex.

It’s also possible to take a look at our analysis of the best bitcoin brokers in Canada if you’re interested in learning more about the exchanges we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Mdex (MDX) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Mdex in the UK, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Mdex if it’s available. If the exchange doesn’t have Mdex. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Mdex), and trade your ETH for Mdex.

You can also check out our comparison of the places where to buy cryptocurrency in the UK for those looking to learn more about which exchanges we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Mdex? MDX Rundown

MDEX was a new protocol for decentralizing trading that was launched in January 2021.

MDEX ( AMM ) is an automated market-making ( AMM ) decentralized exchange protocol. It operates on the idea of fund pools and differs from standard DEXs by using a dual chain model that is based on the Ethereum network as well as the Huobi Ecological Chain. This allows it to access the liquidity of Ethereum's ecosystem.

MDEX is a trading platform built on top of EECO. It has an estimated cost of token swaps at $0.001 per trade and a transaction speed that is three seconds.

While the vast majority of DeFi-related projects are ERC-20 assets, it faces problems with high gas costs and slow transaction speeds as it transitions to Ethereum 2.0.

If they want to see rapid adoption, most newly-developed protocols consider the scalability factor when choosing blockchain networks. Uniswap had at least an advantage as it was launched before the Ethereum network became congested. Some even claim that Uniswap is the cause of the network's congestion. However, Uniswap could see its market share change quickly if second-layer solutions don't get implemented in the timeframe and produce the expected results.

The Huobi Ecological Chain-based Mdex has this unique characteristic: it is based on a chain which aims to avoid scaling problems.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.