"Jeg drikker mit vand."

Translation: I am drinking my water.

[itil.o]

What's the difference between 'mit' & 'min'?

[diego_d]

You use one or the other according to the gender of the thing being owned: Mit vand = my water. Min avis = My newspaper.
You can check the Tips Notes for more details.

[MirandaFanez]

Common nouns (EN pige) se min for singuler and mine for plurals. Neuter nouns (ET vand) use mit and mite.

[sumuenkeli]

'mite' is not a word! For neuter gender words, the plural is also 'mine'!

[karolhodur]

the plural doesnt have gender (like in german)