A Step-by-Step-Guide on how to buy Maker (MKR)
Step 1 – Signup to Kraken You will first need to buy one of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Maker (MKR) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find Maker (MKR) Once your deposit has been approved, you'll instantly have access to your funds and you can initiate purchasing and trading. To buy Maker (MKR) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot Maker (MKR), you'll need to insert the cointype (MKR) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have marked this also. Click on “MKR/BTC” to go ahead.
Step 4 – Acquisition of Maker (MKR) Once you've spotted Maker (MKR), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we are making our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date 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 purchase. The ”Total” field is the whole price in BTC that you will settle for the complete amount of MKR. When you're satisfied, make a mouse click on “Buy MKR”. Your plan will be filled as soon as a Vendor sells their MKR for the price you offered.
Step 5 – Withdraw Maker (MKR) Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an extended period of time. To take off your Maker (MKR), hover over the ”Funds” tab and mouse click on “Withdraw”. Maker (MKR) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Maker (MKR) by using the given drop-down box. Drop in the quantity of Maker (MKR) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you're satisfied, click “Submit”. You may be requested for email/phone verification ahead of a take off.