How to Buy MLN (Melon)
Seeking to help pioneer the cutting-edge world of crypto-powered asset management? If so, buying MLN may be right for your portfolio.
Launched in 2017, Melon offers a new kind of platform for creating and managing custom asset portfolios that runs on the Ethereum blockchain.
By buying MLN, Melon’s cryptocurrency, you’ll ensure you have the tools necessary to build or invest in funds, whether you’re doing so for your own portfolio management, on behalf of clients or you want to launch a new token running on the Melon blockchain.
If this all sounds too complex, we’ve put together a more robust introductory guide that explains how Melon works and why MLN might be right for certain investors and traders you can read.
Ready to dive in?
If you already know the basics of Melon and want to start trading and investing right away, click the button below to begin.
Why buy MLN?
The Melon protocol is designed to encourage a decentralized network to facilitate the key services carried out today by more traditional asset management firms.
As such, you’ll need to buy MLN to pay to use its features and the computational power it will draw from computers on its network. But, there are other reasons you may need to own MLN.
Reasons to buy MLN
- Create your own crypto asset portfolios
- Diversify your long-term investment strategy
- Invest in Ethereum-based projects and tokens
- Migrate your project’s tokens to new tokens based on Melon
- Set up a regulated fund on the Ethereum blockchain
Where can I buy MLN?
As with any cryptocurrency, you can buy MLN from no shortage of places on the internet. However, you may find that it is easiest to purchase through a trusted global exchange.
Kraken offers a wide selection of crypto assets and traditional currencies, with over 100 trading pairs. This means whether you want to sell BTC or LTC for MLN, we can provide a robust and active global market with industry-leading liquidity.
At Kraken, we take security seriously, with technology and procedures designed to safeguard all of our client funds. We don’t cut corners when it comes to security, and neither should you.
How much MLN can I buy?
Don’t have much cash or crypto to spare? You don’t have to buy 1 MLN coin.
Like most cryptocurrencies, MLN is divisible into smaller units. In fact, on Kraken, you can purchase as little as 0.1 MLN, meaning you can buy MLN on just about any budget.
Kraken can handle larger orders as well. For instance, it wouldn’t be out of the ordinary for larger traders to trade 1,000 MLN coins or more with other clients on Kraken.
How to buy MLN on Kraken
Follow the steps below to start buying MLN on Kraken:
Verify your account.
After providing your name, date of birth, country of residence and phone number, you can buy MLN with cryptocurrencies like ETH and BTC. In order to use fiat currency (i.e. EUR or GBP), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.
Deposit fiat currency.
You can fund your Kraken account in a number of ways. How you do so will depend upon your location and preferences.
Once your account is funded, you can start buying MLN with the help of our advanced charting tools and trading features.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying MLN, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your MLN
Once you buy MLN, you’ll need somewhere to safely store your cryptocurrency, especially if you’re not expecting to immediately spend it.
Kraken prides itself on security, but it’s always safest to store your MLN in a wallet, a software or hardware application that stores the private keys that guarantee your ownership of MLN.
There are many types of MLN wallets available. Mobile and web wallets can make transactions easy, while hardware and paper wallets are perhaps best suited for secure, long-term storage.
When choosing a crypto wallet for your MLN, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.
Kraken is not a wallet service
It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold MLN in their exchange accounts, we encourage you to consider holding any tokens you purchase in multiple wallets.
Start buying MLN
A world of crypto asset funds awaits, so if you’re ready to begin, click the button below to buy MLN on Kraken today!