Looking to buy MimbleWimbleCoin (MWC)? This guide answers all your queries related to this privacy-focused cryptocurrency that offers a secure and scalable way to transact while keeping your financial data private. Built on the Mimblewimble protocol, MWC enhances privacy through features like CoinJoin, Confidential Transactions, and signature aggregation. Unlike traditional blockchains, Mimblewimble removes unnecessary data, making transactions more efficient and harder to trace.
MWC operates on a proof-of-work system with a fixed supply of 20 million coins. Half of these were created at launch, while the rest are being mined. This setup makes MWC scarce and valuable over time. You can trade it on multiple exchanges and store it securely using its dedicated wallet.
If you’re ready to buy MWC, this guide will walk you through the process. From choosing the right exchange to securing your coins, we’ll ensure your buying experience is smooth and straightforward.
How To Buy MimbleWimbleCoin In 4 Easy Steps?
Follow these steps to purchase and securely store your MimbleWimbleCoin tokens without any hassle:
Step 1: Choose A Crypto Exchange Platform
Since MimbleWimbleCoin cannot be purchased directly with fiat currencies, selecting a suitable exchange that supports altcoin trading is essential. Ensure the platform is secure, efficient, and well-reviewed.
If you hold Tether (USDT), XT.COM provides a convenient trading option. For those with Bitcoin (BTC), WhiteBIT allows seamless transactions. Choosing the right exchange will simplify the process and help you acquire the tokens effortlessly.
Step 2: Register On Any Of The Platform
Once you’ve chosen an exchange, the next step is to register. Head to the exchange’s website and complete the signup process by providing basic details like your email address, phone number, and personal information.
This step requires identity verification, which usually involves submitting an official ID such as a passport or driver’s license. When your ID gets approved, you can move forward with purchasing MimbleWimbleCoin.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
With your account set up, it’s time to purchase MimbleWimbleCoin. Since fiat currency options are unavailable, funding your account with supported altcoins is necessary.
Users holding USDT can trade for MimbleWimbleCoin on XT.COM, while those with BTC can complete their purchase through WhiteBIT. Depending on the platform, transactions may require order confirmations or additional verification. Follow the exchange’s instructions to finalise the purchase and add the tokens to your holdings.
Step 4: Store The Cryptocurrency In A Wallet
After buying MimbleWimbleCoin, storing it in a secure wallet is crucial to protect your assets. Keeping tokens on an exchange exposes them to risks, so transferring them to a private wallet ensures greater security.
Compatible storage options include Atomic Wallet, BitGet Wallet, and MWC Wallet. To complete the transfer, enter your wallet’s public address and select the amount to move. Confirm the transaction, and once completed, your tokens will be safely stored, providing you with full control over your assets.
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Where To Buy MimbleWimbleCoin (MWC)
WhiteBIT is a Lithuania-based cryptocurrency exchange founded in 2018, originally in Ukraine. It boasts a daily trading volume of $2.5 billion, making it one of Europe's largest exchanges. WhiteBIT supports a vast selection of cryptocurrencies, including Bitcoin, Ethereum, and numerous altcoins. The platform offers advanced trading features like margin trading, staking, and competitive fees. It also has a native token, WhiteBIT Token (WTB). Known for its strong security measures and growing user base, it is a trusted choice for crypto traders.
Factsheet
Operational Since: | 2018 |
Deposit Methods: | Advcash, Perfect money, Visa/Mastercard, GEO Pay E-wallet, NixMoney E-wallet |
Deposit Fees: | Varies by method; typically, bank transfers and crypto deposits are free, while credit/debit card deposits may incur a fee. |
Cryptos Listed: | 300+ |
Trading Fees: | 0.1% for both makers and takers |
Fiat Currencies Supported: | USD, EUR, GBP, RUB, UAH, KZT, PLN, TRY, CZK, BGN |
Trustworthiness: | Safe and Reliable |
XT.COM is a feature-rich centralised cryptocurrency exchange that supports spot, margin, and derivatives trading. It provides access to over 120 trading pairs, enabling users to trade both cryptocurrencies and fiat currencies. The platform issues its token, XT, which offers trading fee discounts and other perks. XT.COM ensures high security through cold storage and advanced protocols. With leverage options up to 125x and a proprietary mining platform, it caters to experienced traders seeking deep liquidity and competitive trading fees.
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 |
Frequently Asked Questions
Where Can You Buy MimbleWimbleCoin With A Credit Or Debit Card?
You cannot buy MimbleWimbleCoin directly with a credit or debit card. However, you can first purchase Tether (USDT) on XT.COM or Bitcoin (BTC) on WhiteBIT using your card. Once you have USDT or BTC, you can trade them for MimbleWimbleCoin on supported exchanges.
This two-step method offers a reliable way to access MimbleWimbleCoin, even if direct purchases are unavailable. Always choose a reputable exchange to ensure a smooth and secure transaction. Double-check fees and conversion rates before completing your trade to get the best value for your purchase.
What Will You Need To Buy MimbleWimbleCoin?
Here’s everything you’ll need to own a MimbleWimbleCoin (MWC) token:
- Exchange Platform: You need a reliable crypto exchange to buy MimbleWimbleCoin. Platforms like XT.COM and WhiteBIT support MWC trading. These exchanges provide various features, including spot trading and secure transaction options, to help you buy and manage your tokens efficiently.
- Identification Documents: Most exchanges require KYC (Know Your Customer) verification before allowing you to trade. You must submit valid ID documents such as a passport, driver’s licence, or tax return to complete the registration process.
- Altcoins: You cannot buy MimbleWimbleCoin directly with a credit or debit card. Instead, purchase Tether (USDT) or Bitcoin (BTC) on your chosen exchange and trade it for MWC. This method allows for more flexibility when acquiring the token.
- Crypto Wallet: After purchasing MWC, transfer your tokens to a secure wallet for safekeeping. Popular wallets like Atomic Wallet, MWC Wallet, CoinLore, and Bitget Wallet offer strong security features. Always review wallet security guidelines before choosing one.
Ensure you have these essentials ready for a smooth and secure purchasing experience.
What Is The Easiest Way To Buy MimbleWimbleCoin?
The easiest method is to first buy Tether (USDT) or Bitcoin (BTC) on a trusted crypto exchange and then convert it to MWC on a suitable platform.
Start by purchasing USDT on XT.com or BTC on WhiteBit. These exchanges allow easy fiat-to-crypto transactions using various payment options, including credit or debit cards. Once you have USDT or BTC, transfer your funds to listed exchanges. This platform supports MWC trading, allowing you to swap your USDT or BTC for MimbleWimbleCoin effortlessly.
Before making a purchase, check for any fees, verify security measures, and confirm the exchange’s credibility. Always store your MWC in a secure wallet for better protection.
Best Wallets To Store Your MimbleWimbleCoin (MWC)
Choosing a reliable wallet ensures the safety and accessibility of your tokens. Each option offers unique features, allowing users to select based on security, convenience, and additional functionalities.
- Atomic Wallet: A user-friendly and secure choice for storing MWC. It supports multiple cryptocurrencies and includes features like built-in staking, instant swaps, and private key control, ensuring full ownership of assets.
- BitGet Wallet: Known for its multi-chain capabilities, BitGet Wallet provides a smooth experience for managing MWC and other digital assets. With support for decentralised applications (dApps) and cross-chain transactions, it is ideal for active traders and DeFi enthusiasts.
- MWC Wallet: Specifically designed for MimbleWimbleCoin, this wallet ensures full compatibility and seamless management of tokens. It prioritises privacy and security, making it the best option for users looking for a dedicated solution.
Using these wallets guarantees secure storage of MWC while offering features tailored to different user preferences.
