Mina Protocol is a condensed blockchain designed to reduce computational requirements of networks so that decentralized applications (dApps) can run more efficiently. Mina is the world’s lightest blockchain, with a total size of only 22 KB, which is tiny in comparison with Bitcoin’s 300 GB blockchain. The size of the Mina blockchain was created to remain constant regardless of how many people are using it, without sacrificing security and decentralization.
The ultimate goal of the Mina protocol is to create an efficient, distributed payment system that allows users to send and verify payments almost instantly.
MINA is the Mina Protocol’s native currency. It can be used for staking, which will earn users rewards while helping to secure the network. It will also eventually be used as a governance token to vote on future upgrades and proposals submitted by the Mina community.
Looking to buy Mina Protocol? You can sign up to the Swyftx Crypto Exchange now and start trading today.
The best place to buy Mina Protocol is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Mina Protocol (MINA). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of MINA is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Mina Protocol with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy MINA instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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