Connect with us

Multichain Investor

How to Buy Multichain (MULTI)

mm

Updated

 on

Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review.  Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.

Originally launched in 2020 as AnySwap, a rebranding occurred in late 2021 to Multichain (MULTI).  Since launch, Multichain has grown in to one of the most popular solutions for facilitating both asset trading, and cross-chain swaps.  The company calls itself a ‘cross-chain router protocol (CRP) for Web3’.

These capabilities are made possible through leveraging processes such as key-sharding, distributed key generation, distributed transactions signatures, and more.  All of which are provided to Multichain by FusionChain.

Underpinning the Multichain platform is its governance token, known as ‘MULTI’.  This token has a fixed supply of 100 million, and provides its holders with the following perks.

  • Voting rights for node elections
  • Voting rights for supported chain expansion
  • Voting rights for rule changes

Those that choose to act as liquidity providers, locking up their Multi tokens in the process, are rewarded with a proportional percentage of fees collected from token swaps completed through the platform.

Simply put, Multichain allows for users to transact in a truly peer-to-peer fashion, eliminating the need entirely for a centralized facilitator.  This ability has allowed for it to become one of the more recognized decentralized exchanges, and captured the attention of various large investors.

To learn more, make sure to visit out Investing in Multichain (MULTI) guide.

We list the top 4 exchanges that offer the ability to buy Multichain (MULTI) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).

Binance

Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Multichain (MULTI) here are both lower fees than competing exchanges, and increased liquidity enabling you to buy and sell quickly to take advantage of market moving news.

This exchange is best for investors residing in Australia, Canada, Singapore, UK & internationally.  USA residents are prohibited from purchasing Ethernity Chain (ERN).

Read our Binance Review or visit Binance.

Use Discount Code: EE59L0QP for 10% cashback off all trading fees.

Kraken

Kraken is one of the longstanding names when it comes to cryptocurrency exchanges operating in the industry.

From humble beginnings, Kraken has now gone on to become one of the most recognizable names in the space offering an extensive selection of assets to trade including Multichain (MULTI).

The trading costs are competitive with other exchanges and Kraken has continued to evolve, now offering both futures and margin trading.

This is our most recommended exchange for USA residents.

Read our Kraken Review or visit Kraken.

Gate.io

Established in 2013, Gate.io has grown in to a reputable trading platform.  While it is not the most popular exchange, it provides users with an easy to use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including Multichain (MULTI), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.

This exchange currently accepts Australia & UK residents.

USA & Canada residents are prohibited.

Read our Gate.io Review or visit Gate.io

Huobi Global

Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents.

Huobi Global is one of the top exchanges that currently offers Multichain (MULTI) trading opportunities.

Read our Huobi Global Review or visit Huobi Global.

Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.