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What is Mina?

Mina (MINA) is a blockchain protocol designed to reduce computational requirements to allow dApps and related functions to run with increased efficiency.

  • One of the main objectives of Mina is to stay small, meaning any user can deploy a full node on their smartphone. Self-described as the world's lightest blockchain, no matter the increase in usage, Mina blocks are designed to stay the same size. As an example, the Mina block size is only 22 KB where the Bitcoin's is close to 300 GB.
  • MINA can be used to assist in the running of nodes and be staked to secure the Mina network. These individuals are validators and help to provide security for the network. By staking some of their MINA tokens and producing new blocks, they are rewarded per block that is validated.
  • MINA token is the native utility token of the Mina protocol. MINA holders can elect to pay transaction fees with MINA for using particular dApps on the network.

MINA aims to revolutionise the concept of blockchain by changing the approach to how transactions are validated. This is done by having multiple participants focusing on many specific functions on the MINA decentralised network. This allows for greater flexibility and scalability while maintaining the network's small size.

How do I swap Mina?

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Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Mina

Why Should I Trade MINA with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Mina no matter what your trading experience is. Unlike other international and Australian Mina 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 Mina 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 Mina 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 Mina?

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 Mina for free.

Cold Storage

If you are holding Mina 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 Mina. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Mina. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Mina has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Mina 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 Mina 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 Mina & 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 Mina 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 Mina portfolio here.
Yes! With CoinSpot you can convert your Mina 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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