A Step-by-Step-Guide on how to buy Maker (MKR)
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to purchase one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and receive your first $10.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Maker (MKR) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate (MKR) Maker As soon as your deposit has been approved, you will immediately have access to your funds and you can initiate purchasing and trading. To purchase (MKR) Maker on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To find (MKR) Maker, you will need to put the short name of the asset (MKR) into the search box, which is marked in the picture. Make sure you have selected the correct pairing, we've marked this too. Click on “MKR/BTC” to advance.
Step 4 – Purchasing (MKR) Maker As soon as you have discovered (MKR) Maker, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff (MKR) Maker was traded for. You can change this to your preferred price. The ”Amount” field is the quantity of MKR you like to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete quantity of MKR. If you are satisfied, make a mouse click on “Buy MKR”. Your order will be filled as soon as a Vendor trades their MKR for the price you submitted.
Step 5 – Withdraw Maker (MKR) Unless you're regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time frame. 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, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Maker (MKR) by using the provided drop-down box. Drop in the amount of Maker (MKR) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you're glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a take off.