How to Buy MultiVAC in Australia in 2022
Learn more about the the top Australian exchanges where you can buy Multivac (with the lowest possible fees). This review also includes a step by step guide on how to buy Multivac token on each exchange 2022. Read this full review (or skip ahead through the links below) to quickly and securely buy Multivac in 2022.
Brief Multivac Introduction
So what is MultiVAC? (MTV) features a flexible blockchain design that enables it to process a large number of transactions quickly by incorporating the sharding ability. And it’s a new blockchain with innovative design elements and nodes that can be operated by anybody even on a normal laptop or desktop.
It enables even individuals to benefit and get a stake in securing the blockchain network. MultiVAC has a native token known as MTV. The MTV coin is used to reward holders and will also be used as a governance token in the future.
How to buy MultiVAC in Australia in 2022?
In order to purchase the MTV tokens in Australia, you will need to select a suitable cryptocurrency exchange. These are platforms where you can buy cryptocurrencies.
There are two kinds of exchanges: centralized and decentralized cryptocurrency exchanges. On a centralized cryptocurrency exchange, you will need to register an account (if you don’t have one already). As per the KYC (know your customer) rules, every new customer needs to submit scanned copies of identity and address documents such as a driving licence, passport and a utility bill. It enables the crypto exchange to verify if the customer is genuine and helps to secure the platform against malpractices.
In Australia, Coinspot is a major cryptocurrency exchange and you can purchase MTV easily on it. The account creation process on CoinSpot is simple and hardly takes a few minutes. All you need to do is pass KYC after registering an account and you can start trading. The CoinSpot exchange provides support for the Australian dollar and you can deposit the currency on the exchange directly.
We can strongly recommend coinspot for its easy-to-use interface – its low fees and the fact that even for a newbie it’s simple to navigate.
Buy Multivac from Gate.io, KuCoin or MEXC
Other cryptocurrency exchanges also provide services in Australia and where you can buy the MTV token. Some of these other platforms are Gate.io, KuCoin, and MEXC. As a thumb rule, always remember that centralized exchanges offer better security features than decentralized platforms.
For users in Australia who prefer to remain anonymous and buy MTV directly without registering on a centralized exchange, a decentralized exchange (DEX) such as Uniswap is an alternate option. You do not need to register on such platforms but will need access to a personal wallet such as MetaMask and some alternate cryptocurrencies such as Ether (ETH).
How to buy MTV on Gate.io in Australia?
Gate.io is a popular cryptocurrency exchange that allows trading between different cryptocurrencies. However, you will need to purchase the MTV coin on Gate.io by using an alternate cryptocurrency as it does not support fiat currencies currently. Simply deposit a supported cryptocurrency on the Gate.io platform and exchange it for USDT as the MTV token is paired with USDT on Gate.io.
You will need to specify the number of MultiVAC tokens you wish to purchase and click on the Buy button to complete your trade. The purchased coins will reflect in your Gate.io wallet and you can confirm it by visiting the wallet section. The coins can also be withdrawn to your personal wallet at any time or you can leave them on the exchange platform if you wish to trade frequently.
How to Buy MTV on KuCoin in Australia?
KuCoin is a leading cryptocurrency exchange and you can also buy MTV tokens on it. Kucoin supports fiat deposits and you can use payment methods such as a credit/debit card, Apple Pay, Google Pay, or use SEPA transfers. You can trade the MTV token against the USD on KuCoin. Simply select the MTV/USD pair on the platform and input the number of tokens you wish to buy. Clicking on the Buy button will confirm your trade and you can view the coins in the wallet section.
How to Buy MTV on MEXC in Australia?
MEXC is a large cryptocurrency exchange that provides support to buy the MTV token. Like Gate.io, you will need to deposit a cryptocurrency to trade on the MEXC exchange since it does not support fiat currencies such as the AUD currently. The MTV token is paired against the USDT (Tether) token on the MEXC platform.
You can deposit Tether tokens or another cryptocurrency to trade on the MEXC platform. But you will need to convert it into Tether first to buy the MTV token. Select the MTV/USDT pair from the spot exchange section on MEXC and input the number of tokens you wish to buy. Clicking on the buy button will complete the trade and the coins will be reflected into your wallet immediately.
A centralized exchange offers higher security but you will need to confirm your identity and address before you are allowed to trade on these platforms. Some exchanges allow trading up to a certain limit without KYC but if you cross the account limit, your trading activity can be stopped until you complete the KYC verification process.
While using an exchange, you should also consider the fees charged by the platform for deposits, withdrawals, and trading since they can directly affect your profits. CoinSpot does not charge any withdrawal fees and all profits are truly yours. Another factor to consider while selecting a cryptocurrency exchange is the support for customers. CoinSpot has a dedicated customer support team that will help you out 24X7 in case you get stuck while using the platform.
How to Buy MTV on Uniswap?
Since MTV is an Ethereum token, you can purchase it on Uniswap because the platform supports all ETH tokens by default. It is a decentralized platform and you do not need to register an account for using it to buy the MTV tokens. You will need a personal cryptocurrency wallet such as MetaMask and some alternate currency such as Ether.
Head over to the Uniswap site and click on the “Launch App” button. It will open the Uniswap interface where you will need to connect your MetaMask wallet and then enter the number of MTV tokens you wish to buy. Before the swap takes place, you will also need to confirm and approve the transaction on MetaMask. Once this is done, the swap will take place and the tokens will be deposited in your MetaMask wallet directly.
How to Buy MTV on a Peer-to-Peer Exchange?
A peer-to-peer exchange such as Paxful and Changelly can also be used to buy MTV tokens. These platforms charge an extra fee in the form of commissions to facilitate the trade for you. Account registration is usually not required and the risk of fraud is higher on such sites since you are interacting with faceless people. The platform will not be able to help you in case you do not receive the tokens.
You can head over to such peer-to-peer sites and pay directly through supported payment options that will be listed alongside a list of interested users who wish to sell the MTV tokens. Select a suitable seller and make the payment to complete the trade. Some peer-to-peer sites provide support for an escrow service that adds an extra security layer for you. The funds will be released only after the exchange is satisfied that the transactions are completed successfully.
Once you have purchased the MultiVAC tokens, you can either trade them for quick smaller profits or hold them for the long term to realize bigger gains. You should get a hardware wallet in case you wish to hold the coins for a longer period as leaving tokens on an exchange is risky. It is also a good idea to Do Your Own Research (DYOR) before purchasing a cryptocurrency since it is a volatile investment instrument.
How to Buy MTV on CoinSpot in Australia?
The account creation process on CoinSpot is pretty simple and all you need to do is go to the CoinSpot site and register a new account by submitting an email address and selecting a strong password. As per the KYC rules, you are required to verify the account by submitting documents. You will receive an email from the exchange once this procedure is completed and you can head over to the Buy/Sell section and select the MTV coin. CoinSpot lists prices in AUD so you can easily check the price and enter the desired quantity of tokens you wish to purchase. However, you will need to first deposit funds in AUD directly either through POLI, BPAY PayID or by utilizing direct bank transfer.