A Step-by-Step-Guide on how to buy Meritcoins (MRC)
Step 1 – Join CEX.io You will first need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Meritcoins (MRC) is obtainable 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've selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find Meritcoins (MRC) Once your deposit has been verified, you will immediately have access to your finances and you can start invest and trading. To invest in Meritcoins (MRC) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To find Meritcoins (MRC), you will need to put the shortname of the coin (MRC) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we've marked this also. Click on “MRC/BTC” to advance.
Step 4 – Buying Meritcoins (MRC) After you've found Meritcoins (MRC), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are creating our Limit Order. The field with the “Price” tag will be filled with the latest price Meritcoins (MRC) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of MRC you want to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of MRC. If you are satisfied, click on “Buy MRC”. Your plan will be filled as soon as a Seller sells their MRC for the price you offered.
Step 5 – Withdraw Meritcoins (MRC) Unless you are frequently trading, best advise is not to keep your coins on an Exchange for an longer time frame. In order to withdraw your Meritcoins (MRC), go to the tab called “Funds” and mouse click on “Withdraw”. Meritcoins (MRC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Meritcoins (MRC) by using the given drop-down box. Drop in the amount of Meritcoins (MRC) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.