How to Buy Maker (MKR)

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).

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Maker (MKR) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

Make sure you have selected the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Find Maker (MKR)

As soon as your deposit has been approved, you will immediately have access to your funds and you can begin invest and trading. To invest in Maker (MKR) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”.

In order to spot Maker (MKR), you will need to insert the shortname of the coin (MKR) into the search box, which is highlighted in the image. Make sure you have choosen the correct grouping, we've marked this too. Click on “MKR/BTC” to go ahead.

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

Once you have discovered Maker (MKR), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're making our own Limit Order.

The field with the “Price” tag will be filled with the most latest valuation Maker (MKR) was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of MKR you like to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole quantity of MKR.

When you're satisfied, make a mouse click on “Buy MKR”. Your order will be filled when a Vendor trades their MKR for the price you offered.

Step 5 – Withdraw Maker (MKR)

Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. To withdraw your Maker (MKR), hover over the ”Funds” tab and mouse click on “Withdraw”. Maker (MKR) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Maker (MKR) by using the provided drop-down box. Enter the quantity of Maker (MKR) you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

When you're happy, click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Binance Withdraw

Congratulations! You have successfully purchased and stored Maker (MKR).

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (MKR) Maker is stored in your wallet, you're all done.

Some other Guides on How to buy Coins

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