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 ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Maker (MKR) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find Maker (MKR) Once your deposit has been confirmed, you'll instantly have access to your finances and you can initiate buying and trading. To buy Maker (MKR) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. To discover Maker (MKR), you'll need to put the cointype (MKR) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we have marked this too. Click on “MKR/BTC” to advance.
Step 4 – Purchase Maker (MKR) Once you've found Maker (MKR), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to make our Limit Order. The ”Price” field will be automatically filled with the recent price Maker (MKR) was sold for. You can change this to your preferred price. The ”Amount” field is the amount of MKR you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole amount of MKR. If you're satisfied, make a mouse click on “Buy MKR”. Your order will be filled when a Vender sells their MKR for the price you offered.
Step 5 – Withdraw Maker (MKR) Unless you're regularly trading, never keep your crypto on an Cryptocurrency Exchange for an longer time period. To withdraw your Maker (MKR), go to the ”Funds” tab and click on “Withdraw”. Maker (MKR) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Maker (MKR) by using the provided drop-down box. Enter the volumen of Maker (MKR) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.