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How to Buy Maker (MKR)

A Step-by-Step-Guide on how to buy Maker (MKR)

Step 1 – Join CEX.io

You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your Bitcoin or Ethereum.

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Maker (MKR) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you have selected the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find Maker (MKR)

Once your deposit has been affirmed, you will instantly have access to your finances and you can launch invest and trading. To purchase Maker (MKR) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to discover Maker (MKR), you will need to insert the short name of the asset (MKR) into the search-box, which is highlighted in the image. Be certain of having selected the proper grouping, we have highlighted this too. Click on “MKR/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} Maker (MKR)
Step 4 – Purchasing Maker (MKR)

Once you have found Maker (MKR), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date rate Maker (MKR) was traded for. You can change this to your preferred price. The ”Amount” field is the amount of MKR you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete amount of MKR.

If you are happy, make a mouse click on “Buy MKR”. Your order will be filled as soon as a Vendor sells their MKR for the price you gave.

Step 5 – Withdraw Maker (MKR)

Unless you're frequently trading, you should never keepyour coins on an Crypto Exchange for an extended time period. To take off your Maker (MKR), hover over the tab called “Funds” and mouse click on “Withdraw”. Maker (MKR) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Maker (MKR) by using the provided drop-down box. Put into the quantity of Maker (MKR) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

When you're satisfied, click “Submit”. You could be requested for verfication via email/phone before a withdrawal.

Congrats! You have successfully bought and stored Maker (MKR).

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the Maker (MKR) is stored in your wallet, you are all done.

Some other Guides on How to buy different Altcoins

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