Are you curious about how to buy MonaCoin (MONA)? This unique cryptocurrency, launched in 2014, has become one of the most popular digital coins in Japan, thanks to its active community and decentralized nature. Built on a hard fork of Litecoin, MonaCoin uses the Lyra2RE (v2) algorithm and has no pre-mine, giving it a truly community-driven foundation.
MonaCoin’s peer-to-peer payment network allows for fast, secure transactions, with miners earning coins for validating blocks in the system. Each block takes just 1.5 minutes to generate, and the mining difficulty adjusts with each block.
In this guide, we’ll walk you through the steps to buy MonaCoin, from choosing the right exchange to securely storing your tokens. Whether you’re a seasoned investor or just getting started with cryptocurrencies, this article will help you make your first purchase with ease.
How To Buy MonaCoin In 4 Easy Steps?
Purchasing MonaCoin is a straightforward process when you follow these essential steps. Here’s how you can buy and securely store your tokens.
Step 1: Choose A Crypto Exchange Platform
To begin, you need to choose a secure and trustworthy cryptocurrency exchange. A good platform should have strong security measures, a user-friendly interface, and support for your preferred payment method.
For those looking to buy with Japanese Yen (JPY), Bitbank, Zaif, and bitFlyer offer direct purchase options. If you prefer to trade using altcoins, you can use Tether (USDT) on CoinEx and XT.COM or Bitcoin (BTC) on CoinEx. Selecting the right exchange ensures a seamless buying experience based on your preferred currency.
Step 2: Register On Any Of The Platform
Once you have selected the exchange, the next step is to create an account. Visit the platform’s signup page and enter basic details such as your email address, phone number, and residential information. You will also need to complete identity verification by submitting an official document, like a passport or driver’s licence.
The verification process usually takes only a few hours, after which your account will be fully set up. Once verified, you can explore MonaCoin trading pairs and move on to the purchase.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
After setting up your account, you need to add funds before making a purchase. Those using Japanese Yen (JPY) can buy MonaCoin directly on Bitbank, Zaif, and bitFlyer.
For traders who prefer altcoins, CoinEx and XT.COM offer Tether (USDT) trading pairs, while CoinEx also supports Bitcoin (BTC) transactions. Choose the platform that best suits your available funds and preferred payment method. Supported payment options include bank transfers, credit or debit cards, and crypto deposits, depending on the exchange. Once your transaction is confirmed, your MonaCoin tokens will be credited to your account.
Step 4: Store The Cryptocurrency In A Wallet
After purchasing, transferring your tokens to a secure wallet is essential for safety. Storing your coins in a personal wallet protects them from exchange-related risks and provides greater control over your assets.
Reliable wallet options for MonaCoin include Atomic Wallet, MonaCoin Wallet, Coinomi Wallet, and Ledger Wallet. Start by withdrawing MonaCoin from the exchange and entering your wallet’s public address. Confirm the transaction, and once completed, your tokens will be safely stored. Keeping your MonaCoin in a secure wallet ensures better protection against potential threats.
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Where To Buy MonaCoin (MONA)
XT.COM is a global crypto exchange offering a diverse range of trading services, including spot, margin, futures, and derivatives trading. It supports a vast selection of cryptocurrencies and features a high-performance matching engine for seamless transactions. The platform also provides staking, mining, and savings options for passive income. XT.COM ensures a secure and user-friendly experience through its mobile and desktop apps. With an intuitive interface and multiple trading tools, it caters to both beginners and experienced investors seeking efficient crypto trading solutions.
Factsheet
Operational Since: | 2017 |
Deposit Methods: | Debit and Credit Card, P2P Trading and XT OTC |
Deposit Fees: | NIL |
Cryptos Listed: | 800+ |
Trading Fees: | Depends on VIP Levels Maker Fees: 0.02% – 0.20% Taker Fees: 0.02% – 0.20% |
Fiat Currencies Supported: | 90+ |
Trustworthiness: | Safe and Reliable |
CoinEx is a worldwide crypto exchange providing spot, futures, margin, and AMM trading services. Supporting over 600 cryptocurrencies, it serves millions of users across 200+ countries. CoinEx prioritises security and transparency, implementing the Merkle Tree audit as proof of reserves. The platform ensures a seamless trading experience with its fast execution, user-friendly interface, and reliable withdrawal processes. With multilingual support and a strong security record, CoinEx continues to be a trusted exchange for traders looking for a secure and efficient trading environment.
Factsheet
Operational Since: | 2017 |
Deposit Methods: | Wallet transfer, Debit and Credit card, Bank transfer, Third party mode |
Deposit Fees: | Free for cryptocurrencies |
Cryptos Listed: | 736 |
Trading Fees: | Depends upon the VIP level from (0.1% to 0.2%) |
Fiat Currencies Supported: | 60+ |
Trustworthiness: | Safe and Reliable |
bitFlyer is a Japan-based crypto exchange with regulatory approvals in Japan, the EU, and the US. It offers spot, margin, and derivatives trading, alongside services like PayPal and bank transfers for easy funding. The exchange features "bitFlyer Buy/Sell" for beginners and "bitFlyer Lightning" for professional traders. Known for its high security and fast transactions, bitFlyer has over 3 million users. Founded in 2014 by former Goldman Sachs employees, it remains a leading platform for secure and efficient crypto trading.
Factsheet
Operational Since: | 2014 |
Deposit Methods: | Wire Deposits |
Deposit Fees: | NIL |
Cryptos Listed: | 11+ |
Trading Fees: | 0.03% – 0.10% For both maker and taker |
Fiat Currencies Supported: | JPY and USD |
Trustworthiness: | Safe and Reliable |
Frequently Asked Questions
Where Can You Buy MonaCoin With A Credit Or Debit Card?
You can buy MonaCoin with a credit or debit card on bitBank. This platform provides a direct and simple way to purchase MonaCoin without needing extra steps. If you want a flexible alternative, you can first buy Tether (USDT) or Bitcoin (BTC) using your credit or debit card on XT.COM or CoinEX. After buying USDT or BTC, you can exchange it for MonaCoin on supported trading platforms.
This two-step method helps when direct MonaCoin purchases are unavailable in your region. Always use a secure and trusted exchange to ensure safe transactions and protect your funds.
What Will You Need To Buy MonaCoin?
Here’s everything you’ll need to own a MonaCoin token:
- Exchange Platform: You need a reliable exchange to buy MonaCoin. Platforms like XT.COM, CoinEx, BitBank, and bitFlyer support MonaCoin trading. Choose a trusted exchange to ensure smooth transactions and secure your investment.
- Identification Documents: Most exchanges require you to complete KYC (Know Your Customer) verification. You must provide valid ID documents, such as a passport, driver’s licence, or tax return, to confirm your identity. Completing this step helps prevent fraud and ensures compliance with regulations.
- Fiat Currencies or Altcoin: Having a fiat currency like JPY makes funding your crypto account easy. Many exchanges allow direct purchases using JPY. Moreover, you can also buy MONA with altcoins such as USDT and BTC. Before proceeding, check if your chosen platform supports your preferred payment method.
- Crypto Wallet: After buying MonaCoin, transfer your tokens to a secure crypto wallet. Some popular options include Atomic Wallet, MonaCoin Wallet, Coinomi Wallet, and Ledger Wallet. Always choose a wallet that offers strong security and supports MonaCoin transactions.
Ensure you have all the essentials ready to enjoy a hassle-free MonaCoin purchase.
What Is The Easiest Way To Buy MonaCoin?
Buying MonaCoin is simple if you use a reliable crypto exchange. The best option depends on your preferred payment method and currency.
If you want to buy MonaCoin with Japanese Yen (JPY), Bitbank is the best exchange. It supports direct JPY deposits, making the process smooth and hassle-free. Just sign up, complete identity verification, deposit JPY, and purchase MonaCoin through the trading section.
If you prefer to buy MonaCoin with Tether (USDT), XT.COM and CoinEx are great choices. First, deposit USDT into your exchange wallet. Then, search for the MONA/USDT trading pair and place a buy order.
Best Wallets To Store Your MonaCoin (MONA)
Choosing a secure and reliable wallet is crucial for managing MONA efficiently. Each wallet provides distinct features, allowing users to pick the one that suits their requirements.
- Atomic Wallet: This all-in-one wallet supports MONA along with various other digital assets. It includes built-in exchange services, staking options, and strong security features to ensure safe storage and transactions.
- MonaCoin Wallet: Specifically designed for storing MONA, this official wallet ensures seamless transactions and complete control over your holdings. It is a great option for users who want a dedicated storage solution.
- Coinomi Wallet: A multi-asset wallet that provides secure storage for MONA and several other cryptocurrencies. Its user-friendly interface, built-in exchange, and strong encryption make it a reliable choice for managing digital assets.
- Ledger Wallet: A hardware wallet that keeps MONA offline for enhanced security. It works alongside a companion app, allowing users to manage, send, and receive funds safely without exposure to online threats.
By using these wallets, you can store your MONA securely while enjoying various features that cater to different preferences and needs.
