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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 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Maker (MKR) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate Maker (MKR)

Once your deposit has been verified, you will directly have access to your finances and you can commence purchasing and trading. To purchase Maker (MKR) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To locate Maker (MKR), you'll need to insert the shortname of the coin (MKR) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we have highlighted this too. Click on “MKR/BTC” to advance.

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

As soon as you've spotted Maker (MKR), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest valuation Maker (MKR) was traded for. You can change this to your preferred rate. The ”Amount” field is the amount of MKR you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole volumen of MKR.

When you're satisfied, click on “Buy MKR”. Your order will be filled when a Seller sells their MKR for the price you introduced.

Step 5 – Withdraw Maker (MKR)

Unless you're frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time frame. In order to take off your Maker (MKR), hover over the tab called “Funds” and click on “Withdraw”. Maker (MKR) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Maker (MKR) by using the provided drop-down box. Enter the amount of Maker (MKR) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

If you're happy, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.

Congrats! You've successfully purchased and safed Maker (MKR).

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Maker (MKR) is safe within your wallet, you are finished.

Some other Guides on How to buy different Altcoins

How to Buy CRDT
How to Buy TrueUSD
How to Buy Altcoins
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