Buy Mirror Protocol (MIR)

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What is Mirror Protocol?

Mirror Protocol (MIR) is a Decentralised Finance (DeFi) platform that enables the creation of synthetic assets called Mirrored Assets (mAssets).

  • Using the protocol, users can act as a trader, minter, liquidity provider & staker.
  • To mint a mAsset an issuer must lock up more than 150% of the current asset value in Terra stablecoins or mAssets as collateral. If the value of the asset rises above the collateralisation threshold, the collateral is liquidated to guarantee solvency of the system.
  • The protocol accesses underlying asset prices via a decentralised price oracle where prices are updated every 30 seconds. When the price of the mAsset drifts from the primary market, traders are incentivised to trade the asset in for collateral.

Mirror Protocol allows users to access synthetic assets that mimic the price behaviour of real-world assets. This gives traders global access to price exposure without the burden of owning or transacting real assets.

How do I buy Mirror Protocol?

Sign up to CoinSpot
Register for a CoinSpot account here & verify in minutes.
Deposit & buy
Deposit AUD into your account & enter the amount of AUD you want to trade for MIR and click "Buy".
That’s it!
You now own some Mirror Protocol! You can click "Go to MIR Wallet" to see your Mirror Protocol.

Learn more about Mirror Protocol

Why Should I Trade MIR with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Mirror Protocol no matter what your trading experience is. Unlike other international and Australian Mirror Protocol exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Mirror Protocol with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Mirror Protocol how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Mirror Protocol?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Mirror Protocol for free.

Cold Storage

If you are holding Mirror Protocol as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Mirror Protocol. We are trusted by over two million customers and with just a few clicks, you can exchange Australian dollars or other cryptocurrencies for Mirror Protocol. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Mirror Protocol has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Mirror Protocol is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Mirror Protocol exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Mirror Protocol & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Mirror Protocol safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Mirror Protocol portfolio here.
Yes! With CoinSpot you can convert your Mirror Protocol to AUD (Australian dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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