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What is Multibit?

Multibit (MUBI) is a bridging protocol designed for cross-network transfers between Bitcoin (BRC-20) and Ethereum (ERC-20). Multibit’s goal is to create increased interoperability, liquidity and accessibility for BRC and ERC tokens. MUBI is the native utility token of the Multibit ecosystem.

  • With the aim to offer a secure and efficient bridge between the ETH, BNB, and BTC networks, Multibit promotes the growth and development of the Bitcoin ecosystem by making it more interoperable.
  • Multibit bridges BRC20 tokens to the Ethereum ecosystem, aiming to allow for seamless functionality with Ethereum Virtual Machine (EVM) blockchains and enhanced security as well as scalability.
  • MUBI is the utility token that is used within the ecosystem for governance rights and allows for participation within the decision making process. It is also used for staking rewards, rewarding liquidity providers and node operators to maintain the Multibit blockchain.

The goal of Multibit is to bridge BRC-20 and ERC-20 tokens in order to promote interoperability within both ecosystems, and to boost the capabilities of traditional BRC-20 tokens. By connecting previously disparate chains, Multibit hopes to make fluid cross-chain interactions become the norm.

How do I swap Multibit?

Enter amount to swap
Select the quantity of Multibit you would like to swap.
Select coin to swap with
Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Multibit

Why Should I Trade MUBI 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 Multibit no matter what your trading experience is. Unlike other international and Australian Multibit 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 Multibit 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 Multibit 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 Multibit?

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 Multibit for free.

Cold Storage

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