How to Buy Aave MKR (AMKR)

A Step-by-Step-Guide on how to buy Aave MKR (AMKR)

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and to get Funds.

Binance Signup
Step 2 – Transfer Your Funds to an Crypto Exchange

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

Make sure you have selected the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate Aave MKR (AMKR)

Once your deposit has been approved, you will instantly have access to your funds and you can initiate buying and trading. To buy Aave MKR (AMKR) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

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

Binance Hot To Buy Aave MKR (AMKR)
Binance How to Buy (AMKR) Aave MKR
Step 4 – Buying Aave MKR (AMKR)

As soon as you have located Aave MKR (AMKR), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date price Aave MKR (AMKR) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of AMKR you wish to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the whole volumen of AMKR.

When you're glad, make a mouse click on “Buy AMKR”. Your order will be filled as soon as a Vender trades their AMKR for the price you submitted.

Step 5 – Withdraw Aave MKR (AMKR)

Unless you are frequently trading, you should never keepyour crypto on an Crypto Exchange for an extended time period. In order to withdraw your Aave MKR (AMKR), hover over the tab called “Funds” and click on “Withdraw”. Aave MKR (AMKR) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Aave MKR (AMKR) by using the given drop-down box. Put into the amount of Aave MKR (AMKR) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address.

When you are happy, click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.

Binance Withdraw

Kudos! You have successfully bought and stored Aave MKR (AMKR).

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (AMKR) Aave MKR is stored in your wallet, you are finished.

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