A Step-by-Step-Guide on how to buy Maker (MKR)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Maker (MKR) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find Maker (MKR) As soon as your deposit has been affirmed, you'll now have access to your funds and you can commence purchasing and trading. To invest in Maker (MKR) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To spot Maker (MKR), you'll need to insert the short name of the asset (MKR) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we have marked this also. Click on “MKR/BTC” to go on.
Step 4 – Purchase Maker (MKR) After you have located Maker (MKR), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent price Maker (MKR) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of MKR you wish to buy. The ”Total” field is the aggregated price in BTC that you will pay for the whole quantity of MKR. When you're satisfied, click on “Buy MKR”. Your plan will be filled as soon as a Seller trades their MKR for the price you offered.
Step 5 – Withdraw (MKR) Maker Unless you're regularly trading, never keep your coins on an Crypto Exchange for an longer time period. In order to take off your (MKR) Maker, go to the ”Funds” tab and mouse click on “Withdraw”. (MKR) Maker can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (MKR) Maker by using the given drop-down box. Drop in the quantity of (MKR) Maker you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. If you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.