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.
Step 2 – Transfer Your Funds to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Maker (MKR) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Maker (MKR) Once your deposit has been confirmed, you will now have access to your assets and you can start buying and trading. To invest in Maker (MKR) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. To discover Maker (MKR), you will need to put the shortname of the coin (MKR) into the search box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have highlighted this also. Click on “MKR/BTC” to go on.
Step 4 – Acquisition of Maker (MKR) As soon as you have spotted Maker (MKR), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are creating our Limit Order. The ”Price” field will be filled automatically with the most latest price Maker (MKR) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of MKR you like to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole amount of MKR. When you're satisfied, make a mouse click on “Buy MKR”. Your order will be filled when a Vendor sells their MKR for the price you offered.
Step 5 – Withdraw Maker (MKR) Unless you are regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. In order to take off your Maker (MKR), hover over the ”Funds” tab and mouse click on “Withdraw”. Maker (MKR) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Maker (MKR) by using the provided drop-down box. Drop in the volumen of Maker (MKR) you would like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you are glad, click “Submit”. You could be asked for email/phone verification ahead of a withdrawal.