Last update: Jun 6, 2022

How to Buy MobileCoin (MOB)

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

How to Buy MobileCoin – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto 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 MobileCoin 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 cryptocurrency trading platforms.

4. Buy MobileCoin

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

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

Where to Buy MobileCoin (MOB)

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

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 MobileCoin

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

 

How to Buy MobileCoin (MOB) 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 MobileCoin in Australia, the process remains the same:

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

You can also check out our comparison of the top crypto exchanges in Australia if you’re interested in learning more about which exchanges we prefer.

How to Buy MobileCoin (MOB) 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 MobileCoin in Canada, the process remains the same:

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

Also, check out our comparison of the places where to buy cryptocurrency in Canada If you’re looking to learn more about which exchanges we prefer.

How to Buy MobileCoin (MOB) 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 MobileCoin in the UK, the process remains the same:

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

Alternatively, if you want to know more about which exchanges we like, check our list of the better exchanges for trading crypto in the UK.

Considering buying MobileCoin? MOB Rundown

MobileCoin was established as a decentralized digital payments network. Its purpose is to allow the exchange of value in an efficient and safe manner. MobileCoin, like any other cryptocurrency, also maintains an immutable transaction track in its blockchain. MobileCoin is optimized for mobile devices and messaging platforms.

MobileCoin A whitepaper was released In 2017, the current CEO Joshua Goldbard wrote it with advisor and Signal founder Moxie Marspinke. MobileCoin was established in 2018. It is based out of San Francisco but has its Delaware corporate registration. This project was created to make mobile payments fast and simple.
Mobile Coin was launched in December 2020. It is described as "a cryptocurrency that can be used on your smartphone as digital cash" on its website. It is easy to use and allows for near instantaneous transactions, which is a simplified way to express the original goal of the whitepaper.

MobileCoin uses a variety of new techniques. However, many of these are supported by technical documentation that doesn't address key details that could be considered relevant to MobileCoin or papers that aren't peer reviewed or are incomplete or contain errors.

MobileCoin allows you to integrate a mobile messaging app like Signal, Facebook Messenger or WhatsApp with your MobileCoin wallet.

MobileCoin was created using the Stellar Consensus Protocol. This protocol is a Proof of Reputation protocol. The developers wanted to create an encrypted ecosystem that could be used to send messages like Signal and WhatsApp. Both apps use the Signal protocol, which was created by Marlinspike.

It is important to remember that the Stellar Consensus Protocol and the Stellar Network are two different things. MobileCoin uses a different implementation of the Stellar Consensus Protocol. The Stellar Network is built on the Stellar Consensus Protocol. MobileCoin uses the Stellar blockchain due to its speed and efficiency.

Related:

• How to Buy Mithril (MITH)
• How to Buy MOBOX (MBOX)