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 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Maker (MKR) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find Maker (MKR) Once your deposit has been confirmed, you'll instantly have access to your assets and you can launch purchasing and trading. To purchase Maker (MKR) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. To find Maker (MKR), you will need to put the shortname of the coin (MKR) into the search box, which is marked in the picture. Make sure you have selected the right pairing, 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 will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff Maker (MKR) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of MKR you like to buy. The ”Total” field is the total price in Bitcoin that you will pay for the whole volumen of MKR. If you're glad, 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 are regularly trading, you should never keepyour crypto coins on an Exchange for an extended time period. In order to withdraw your Maker (MKR), hover over the tab called “Funds” and mouse click on “Withdraw”. Maker (MKR) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Maker (MKR) by using the given drop-down box. Put into the amount of Maker (MKR) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you're satisfied, click “Submit”. You may be requested for email/phone verification ahead of a take off.