Last update: Jun 6, 2022

How to Buy Mithril (MITH)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Mithril. Depending on where you’re located, you’ll have different 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!

Mithril

How to Buy Mithril – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto trading platform 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 Mithril 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 exchanges.

4. Buy Mithril

Now that you have what you need to buy Mithril, head over to the market or buy section of the cryptocurrency trading platform and buy some MITH.

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

Where to Buy Mithril (MITH)

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 Mithril

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

 

Crypto trading

How to Buy Mithril (MITH) 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 Mithril 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 Mithril if it’s available. If the exchange doesn’t have Mithril. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Mithril), and trade your ETH for Mithril.

You can also check out our comparison of the cheapest crypto exchanges in Australia for those curious to know more about which exchanges we like.

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 Mithril (MITH) 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 Mithril 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 Mithril if it’s available. If the exchange doesn’t have Mithril. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Mithril), and trade your ETH for Mithril.

Or, if you’d like to learn more about the exchanges we like, check our comparison of the safest crypto exchanges in Canada.

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 Mithril (MITH) 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 Mithril 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 Mithril if it’s available. If the exchange doesn’t have Mithril. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Mithril), and trade your ETH for Mithril.

If you’d like to learn more about the exchanges we prefer, read our comparison of the most trusted crypto exchanges in the UK.

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 Mithril? MITH Rundown

Mithril, a cryptocurrency token, is a new type of decentralized social media that uses blockchain technology. It will pay its users to create content. Privacy is a major issue right now, and user payments could be the next step in social media. Mithril's viable blockchain technology could be at the right time.

Social media is big business. Pew Research has shown that 68 percent of Americans are on Facebook, with 74 percent accessing the platform every day. The tech giant is worth more $67.1 million. It's not surprising that tech entrepreneurs and startups such as Mithril are eager to be "the next Facebook."

Mithril will bring this social trend to blockchain along with other decentralized competitors such as Sapien, Steemit and Sola, Indorse and waves. The Ethereum blockchain was used to create an app ecosystem that rewards creators of social content and curators with MITH tokens.

An migration to Binance Chain’s BEP2 standard was announced with the Mithril mainnet launch April 18, 2019.

Mithril (MITH), an Ethereum-based project, is not related to Mithril Ore.

Jeffrey Huang is the founder of the platform. He believes that content creators should be able to make a profit and not just be used as advertising material. It's a new concept that is easy to see taking off, with social mining and normalised tipping through Patreon alternatives.

Even though it was barely launched in March 2018, Mithril has risen up the charts to become one the most popular cryptocurrencies. Mithrill MITH has a lot of goodwill.

Let's first examine Mithril's market viability before deciding if it's worth all the hype.

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.