Last update: Jun 6, 2022

How to Buy Mirror Protocol (MIR)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Mirror Protocol. Depending on where you’re based, you’ll have a few crypto trading platforms to choose from.

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

Let’s get started!

Mirror protocol

How to Buy Mirror Protocol – 4 Easy Steps

1. Choose a crypto 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 Mirror Protocol of course.

2. Sign up with the crypto 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 crypto trading platforms.

4. Buy Mirror Protocol

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

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

Where to Buy Mirror Protocol (MIR)

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 Mirror Protocol

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

 

Crypto trading

How to Buy Mirror Protocol (MIR) 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 Mirror Protocol in Australia, the process remains the same:

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

Alternatively, if you want to learn more about the exchanges we like, check our comparison of the crypto exchanges in Australia.

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 Mirror Protocol (MIR) 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 Mirror Protocol in Canada, the process remains the same:

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

You can also check out our comparison of the cryptocurrency brokers in Canada if you’re curious to know more about which 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 Mirror Protocol (MIR) 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 Mirror Protocol in the UK, the process remains the same:

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

It’s also possible to take a look at our analysis of the most trusted crypto exchanges in the UK if you’re interested in learning more about which ones we prefer.

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 Mirror Protocol? MIR Rundown

MIR is Terraform Labs' governance token for Mirror Protocol. It is a protocol that creates synthetic assets on the Terra blockchain.

Mirror Protocol has been decentralized since day 1. The on-chain Treasury and code changes are governed by holders MIR tokens. TFL does not intend to sell or keep MIR tokens and no special keys or access privileges are granted. This project is intended to be completely decentralized and community-driven.

Mirrored assets, also known as blockchain tokens, are able to behave like real-world assets and reflect the exchange prices. These tokens give traders price exposure to real assets and allow fractional ownership, open accessibility and resistance to censorship as any other cryptocurrency. Unlike traditional tokens that represent an actual asset, mAssets capture only the price movement of the asset.

These are the benefits of mirror assets:

  • Global Accessibility: Most markets other than North America and Europe have very limited access to foreign equities or forex markets. Crypto permits global access without any entry barriers.
  • Fractional Orders are: To execute a fractional transaction in traditional finance, multiple fractional orders must be bundled together. Additional waiting is required to gather all orders into one. The blockchain allows orders volume to be represented simply as a number on the Blockchain, eliminating the need for intermediary bundling.
  • Nearly Instantaneous Order Execution Mirror is dependent on the liquidity provided by each asset pool so orders can be executed as quickly as the blocktime of a network (6 seconds).

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.