How and Where to Buy My Liquidity Partner (MLP) – Detailed Guide
- What is MLP?
- 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 MLP
- Last Step: Store MLP securely in hardware wallets
- Other useful tools for trading MLP
- Frequently Asked Questions
- Latest News for MLP
- MLP Price Prediction and Price Movement
What is MLP?
My Liquidity Partner is a rewards token utilizing liquidity pools. A liquidity provider is an agent who provides capital, in the form of crypto assets, namely ETH/USDC/BTC, for a liquidity pool they own in order to facilitate trading.
A Liquidity Pool is a collection of cryptocurrency coins used to engage in the collection of fees from within the trades. These crowdsourced pools of cryptocurrencies or tokens are locked in and secured in unique smart contracts, which are used to facilitate trades between the assets on a decentralized exchange (DEX). Instead of traditional markets of buyers and sellers, many decentralized finance (DeFi) platforms use automated market makers (AMMs), which allow digital assets to be traded in an automatic and permission-less manner through the use of liquidity pools.
Trades are executed between USDC and ETH on the Uniswap platform. Whenever these trades occur, transaction fees are collected, and liquidity providers earn a percentage of these fees as passive asset growth, linearly proportional to their pool contribution. Liquidity Partners receive a weekly partnership fee starting at 0.75% on their Ethereum (ETH), Bitcoin (BTC), Shiba (SHIB), Ape Coin (APE), and USDC (*Limited time offer & other promotional offers may apply). Partners can choose either to receive weekly payouts or opt for the “Hyper-Compounding” option. My Liquidity Partners also operates a BTC pool for those who want to participate in a larger yield pool, with a minimum deposit of 1 BTC. Each partner must complete a full KYC approval prior to contribution, with no lock in period.
Liquidity Partners can earn up to 2.5% per week on their initial contribution, in accordance with the value of the funds they have in the pool. My Liquidity Partner is able to mitigate risk from their partners through matched coin allocation. All permanent risk associated with pool management is absorbed within the platform, and not by the individual Liquidity Partner. The Total Value Locked (TVL) is $350M and steadily increasing.The 24H trading volume is currently over $50+M, and steadily moving with an upward trajectory. This creates an opportunity to collect $400K worth of fees within one pool.
In lieu of receiving the weekly 2.5% pay-out, transferred as USDC to the Liquidity Partner’s wallet, partners may also elect to re-stake their weekly commission. Re-staking means that the weekly pay-out is used to purchase more assets every week, increasing overall asset count in the pool. My Liquidity Partner has arranged its pool to hyper compound, with returns of 117% APR & 218% APY.
Partners also receive a MLP Token. The MLP token is a loyalty reward token for existing Liquidity Pool Partners as a show of appreciation for Partners’ participation in the program. The token allows those who can’t afford to participate in the pool to join with the MLP token and reap rewards from the platform, whilst having access to immediate liquidity. Token holders can donate their token to the Ruby Family Foundation, which is a fully transparent blockchain-based foundation wherein 100% of the funds are allocated towards global outreach programs for children and mothers. By donating reward tokens to the Foundation, partners are able to act as a direct contributor to the Foundation’s Mission efforts.
MLP was first tradable on 28th Jun, 2022. It has a total supply of 10,000,000,000. As of right now MLP has a market capitalization of USD $149,450,751.69. The current price of MLP is $0.0149 and is ranked 2686 on Coinmarketcap and has recently surged 27.78 percent at the time of writing.
MLP 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 MLP.
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
But we are not done yet, since MLP is an altcoin we need to transfer our USDT to an exchange that MLP can be traded. Below is a list of exchanges that offers to trade MLP in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit USDT to the exchange from UpHold. After the deposit is confirmed you may then purchase MLP from the exchange view.
Last Step: Store MLP 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 MLP 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 MLP with cash?
There is no direct way to buy MLP 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 MLP 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 MLP 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 My Liquidity Partner's fundamentals and current price here.
Latest News for MLP
