How and Where to Buy MinePlex (PLEX) – Detailed Guide
- What is PLEX?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy USDT with fiat money
- Step 3: Transfer USDT to an Altcoin Exchange
- Step 4: Deposit USDT to exchange
- Step 5: Trade PLEX
- Last Step: Store PLEX securely in hardware wallets
- Other useful tools for trading PLEX
- Frequently Asked Questions
- Latest News for PLEX
- PLEX Price Prediction and Price Movement
What is PLEX?
What Is MinePlex?
MinePlex is a new generation mobile crypto bank with its own blockchain and liquid token. The creator of his own CrossFi technology, which combines the stability and liquidity of traditional financial instruments with the security and transparency of blockchain technology.
The MinePlex blockchain is based on 2 tokens. The MINE token - non-volatile with a fixed value-gives access to the system's services. The PLEX token has a predictable price increase due to a mathematical algorithm. PLEX acts as a payment instrument and as an asset. Features of token pricing allows you to solve one of the main problems of the crypto industry - currency volatility. Additionally, it creates an opportunity for users to receive 20% per month by sending MINE tokens in a staking. Rewards are awarded in PLEX tokens, which can be converted to USDT and the MINE token or sent to the exchange.
The decentralized MinePlex system is built on the multi-stage architecture of the Tezos blockchain, which allows you to make changes and update the system without performing hard forks. The Liquid Proof-of-Stake (LPoS) algorithm implies ownership of MINE tokens. Unlike Delegated Proof-of-Stake (DPoS), the address itself is delegated, not the tokens. Thus, users always have access to their tokens and can use them at any time or change the delegate (Plexus Pool).
Who Are the Founders of MinePlex?
The MinePlex team consists of more than 50 people who are experts in various spheres of the financial and crypto industry and create the company's products, develop processing solutions, and promote the project.
Vladislav Babitsky, CTO of MinePlex, senior level developer has been working in the IT field since 2010. He has successfully implemented more than 50 projects, including in the areas of ecomers, fintech, blockchain, medicine, computer vision and gps monitoring. Participated in the development of government projects for Russia, Belarus, the United States, China, certain regions of Europe and the United Arab Emirates.
Alexander Mamasidikov, CMO of MinePlex, expert in the field of crypto and digital marketing. He has been developing and implementing PR strategies for more than 13 years. Since 2015, he has been working in global fintech and blockchain projects. Included in the TOP 20 blockchain entrepreneurs according to Publish0x. Founder and Director of the IEO Agency.
What Makes MinePlex Unique?
One of the main problems of more than 100 million crypto users is the inability to pay with cryptocurrency on a par with fiat. The goal of MinePlex is to provide basic banking services for the daily use of digital assets: pay rent and utility bills with cryptocurrency, transfer digital assets and fiat between bank accounts, receive salaries, send interbank payments, etc.
Cryptobank MinePlex is a mobile application where full-fledged banking services will be provided. The absence of offline offices will save time and reduce costs. The developed processing is focused on convenience for each client. The blockchain solution simplifies user identification and reduces the risk of fraud.
The MinePlex banking ecosystem includes services that allow you to manage your crypto assets every day:
- crypto bank in a mobile application, available 24/7, with full banking services,
- crypto wallet,
- crypto cards.
How Many PLEX Coins Are There in Circulation?
The total issue of the PLEX token is 414,720,000. On October 03, 2020, at 09:00 UTC, the genesis block of the MinePlex network was launched and the issue of the PLEX token began.
The issue of the PLEX token occurs every block (approximately once a minute) and is divided into 4 stages.
How Is MinePlex Network Secured?
MinePlex is built on the Tezos blockchain, which uses smart contracts developed in the Michelson language. It is used in the aerospace industry, where the cost of error is particularly high, and guarantees the safety of the system.
Where Can You Buy MinePlex (PLEX) Tokens?
The PLEX token is listed on the regulated Estonian stock exchange STEX. At the moment, the popular PLEX/USDT, PLEX/BTC pairs are presented.
PLEX was first tradable on 14th Dec, 2020. It has a total supply of 414,720,000. As of right now PLEX has a market capitalization of USD $13,302,525.14. The current price of PLEX is $0.0321 and is ranked 3567 on Coinmarketcap and has recently surged 20.77 percent at the time of writing.
PLEX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying USDT from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy PLEX.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, USDT (USDT). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy USDT with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose USDT, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer USDT to an Altcoin Exchange
- BitMart
But we are not done yet, since PLEX is an altcoin we need to transfer our USDT to an exchange that PLEX can be traded, here we will use BitMart as our exchange. BitMart is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
BitMart is a crypto exchange from the Cayman Islands. It became available to the public in March 2018. BitMart has a truly impressive liquidity. At the time of the last update of this review (20 March 2020, right in the middle of the crisis with COVID-19), BitMart’s 24 hour trading volume was USD 1.8 billion. This amount placed BitMart on place no. 24 on Coinmarketcap’s the list of exchanges with the highest 24 hour trading volumes. Needless to say, if you start trading here, you will not have to worry about the order book being thin. Many exchanges does not allow investors from USA as customers. As far as we can tell, BitMart is not one of those exchanges. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit USDT to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'USDT address', this is a unique public address of your USDT wallet at BitMart and you can receive USDT by giving this address to the person to send you the funds. Since we are now transferring our previously bought USDT on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on USDT on the "From" field, choose the amount you wan to send and on the "To" field choose USDT under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to BitMart!
Now go back to BitMart and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the USDT network, during busy times it may take even longer.
You should receive a confirmation notification from BitMart once your USDT has arrived. And you are now finally ready to purchase PLEX!
Step 5: Trade PLEX
Go back to BitMart, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "USDT" is selected as we are trading USDT to altcoin pair. Click on it and type in "PLEX", you should see PLEX/USDT, select that pair and you should see a price chart of PLEX/USDT in the middle of the page.
Below there is a box with a green button that says "Buy PLEX", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your USDT deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy PLEX". Voila! You have finally bought PLEX!
Last Step: Store PLEX securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your PLEX for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy PLEX with cash?
There is no direct way to buy PLEX with cash. However, you can use marketplaces such as LocalBitcoins to first purchase USDT, and finish the rest of the steps by transferring your USDT to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy PLEX in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy PLEX or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on MinePlex's fundamentals and current price here.