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How & Where to Buy MonaCoin A Step-by-Step Guide to Buying MONA

Congratulations! You can buy MonaCoin directly with cash at CoinSwitch.

  1. Sign up at our one of our top-ranked MonaCoin exchanges.
  2. Fund your new account with cash or crypto.
  3. Buy MonaCoinMONA

Read on for detailed instructions below on where and how to buy MonaCoin and you will be a MonaCoinMONA owner in no time at all.

  1. STEP 1Register at a MONA Exchange

    Best MonaCoin (MONA) Exchanges

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      Ease of use
      Time to 1st Buy
      24h Volume
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      Coins
      361

      This mobile aggregator platform collects data from all major exchanges, making it possible to swap a large number of cryptocurrencies at highly competitive rates. Mobile app-only CoinSwitch Kuber is the most popular cryptocurrency exchange service in India, with over 4 million users. Hassle-free arbitrage and trading process.

    After choosing one of the exchanges listed above, you will need to create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase MonaCoin MonaCoinMONA quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy MONA with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for MONA.

Frequently Asked Questions About Buying & Selling MonaCoin (MONA)

How do I Buy MONA with Crypto?

If you want to buy MONA with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for CoinSwitch and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to CoinSwitch.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell MonaCoin (MONA)?

To sell MONA, simply reverse the buying process described above. You will likely need to trade your MonaCoinMONA into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

MonaCoin Research Center

MonaCoin Technical Details & Statistics

Tokenomics
  • Market Rank318
  • Market Cap93,649,017
  • Circulating Supply65,729,675
  • Total Supply65,729,675 MONA
  • Max Supply105,120,000
Yesterday's Trading
  • 24 HR Volume2,676,994 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is MonaCoin?

One of the older altcoins which continues to be tremendously popular in the present, MonaCoin (MONA) bills itself as “the first Japanese Cryptocurrency”, driven largely by community efforts to preserve and enhance its functionality. Though its original intentions were for it to become an in-game currency used by video games produced in Japan, it slowly evolved into more of a broad user base, to be enjoyed by anybody who downloaded its wallet client. Its community is so dedicated that, in order to show appreciation for the coin, a Shinto shrine was erected to it in Japan in 2017.

History of MonaCoin

Originally developed anonymously in December 2013 and announced on New Year’s Eve of that year, the idea for MonaCoin is based off of an ASCII character (graphics out of keyboard text) called “Mona.” One of its core characteristics that the developers still pride itself upon was the fact that MONA enjoyed a very fair launch, having none of its coins “premined,” or issued to any party before publicly launching it. After the collapse of bitcoin exchange MtGOX in 2014, MonaCoin enjoyed an increase in popularity, as a cryptocurrency alternative to bitcoin, advertising itself as “safe and made in Japan.” MonaCoin implemented its own version of SegWit in March 2017 and remains actively updated, making it one of the longest-lasting, most evolved altcoins to ever be created. Upon its last mine block, there will be a total of 105,120,000 coins in circulation. The market capitalization of MonaCoin briefly surpassed the $1 billion mark in December 2017.

How MonaCoin Works

Like Litecoin, MonaCoin was originally designed using scrypt as its hashing algorithm but has since changed to an algorithm called Lyra2RE. Like scrypt, the new algorithm is also Proof of Work (PoW) but is even more ASIC-resistant, meaning it is hard to develop mining hardware dedicated to mining coins with its algorithm. MonaCoin is a fully distributed payment system and relies upon very few third party systems, unlike the vast majority of all other cryptocurrencies. A total of 25 MonaCoins are mined every 1.5 minutes. MonaCoin has proven itself to be very reliable over the years, never having suffered a hacking incident, and the fairness of its launch makes it all the more credible.

Why MonaCoin?

Enjoying the benefits of a large community, MonaCoin users have developed several Mona-based web applications and services to increase its utility. Some of its features include:

Fast transaction processing. The block time for MONA is 1.5 minutes, making it roughly 6 and 2/3 faster for processing payments than bitcoin.

Widespread adoption. As one of the older cryptocurrencies still in existence, MonaCoin enjoys a solid, dedicated user base and considerable merchant adoption throughout Japan. In March 2018, a Japanese real estate developer announced they would soon accept MonaCoin as a payment method.

Dedicated community. Not reliant on a team of “core” developers or third party system, MonaCoin is almost entirely supported by its community, which is very supportive and sizeable, considering the coin has enjoyed an existence of almost 5 years.