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 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Maker (MKR) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Maker (MKR) As soon as your deposit has been affirmed, you will immediately have access to your assets and you can start invest and trading. To buy Maker (MKR) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. To locate Maker (MKR), you'll need to insert the short name of the asset (MKR) into the search box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we've marked this also. Click on “MKR/BTC” to go ahead.
Step 4 – Acquisition of Maker (MKR) Once you've located Maker (MKR), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the most recent rate Maker (MKR) was sold for. This can be changed to your favoured rate. The ”Amount” field is the quantity of MKR you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole volumen of MKR. When you are happy, click on “Buy MKR”. Your order will be filled as soon as a Vender trades their MKR for the price you gave.
Step 5 – Withdraw Maker (MKR) Unless you're frequently trading, never keep your coins on an Crypto Trader for an extended period of time. To take off your Maker (MKR), go to the ”Funds” tab and click on “Withdraw”. Maker (MKR) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Maker (MKR) by using the provided drop-down box. Put into the quantity of Maker (MKR) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a take off.