FAQ Archives - Mine Digital

FAQ

FAQ

How does Bitcoin work?

Mine Digital, Australia’s newest crypto exchange, provides a technical yet accessible explanation of Bitcoin which is the currency that has pioneered a new asset class.

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FAQ

Categories of Digital Assets

It should be uncontroversial that Bitcoin has now been accepted as a store of value. Bitcoins development in 2009 proved new concepts for the digital world. These included functional and secure de-centralised networks, the public blockchain, digital currency and trust-less transactions. It didn’t take long after Bitcoin validated these concepts that newer blockchain projects imagined them in new ways.

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FAQ

How to open your Mine account

Mine is a trading platform built by financial services, markets and trading professionals. On Mine, you can buy / sell / trade digital assets. Here is the step by step procedure on how to open a MineDigital account.

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FAQ

How to make your first trade on the RFQ platform

Mine is a trading platform built by financial services, markets and trading professionals. On Mine, you can buy / sell / trade digital assets. Here is the step by step procedure on how to open a MineDigital account. Trading on the Mine platform can be performed by exchanging fiat currency such as USD or AUD for cryptocurrency, or one cryptocurrency for another for example Bitcoin (BTC) for Ethereum (ETH).

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FAQ

How do I verify my account?

Account verification is required to prevent fraud and keep the Mine community safe. It adds security to the industry as well as making Mine compliant with rigorous Know Your Client (KYC) and Anti Money Laundering (AML) regulations. As part of our commitment to remain the most trusted digital asset platform, all client accounts must be verified with IDs through the MineDigital website.

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FAQ

How to fund your Mine account

Funding your account is the next step after verification. There are two ways to deposit to your Mine account. The first is with a fiat currency deposit from your bank account. The alternative is to deposit digital assets to your Mine account.

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FAQ

How to buy Digital Assets

Buying Bitcoin has become considerably easier since its 2009 inception. Before public exchanges were available, bitcoin was transacted person to person, with methods of payment including Paypal, Moneygram and even cash in envelopes sent in the mail. The first exchange, Mt Gox started in 2010 however a hacking event due to weak security forced its collapse in 2014.

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