A Step-by-Step-Guide on how to buy Maker (MKR)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase units of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and getting your welcome $10.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Maker (MKR) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find Maker (MKR) As soon as your deposit has been verified, you will directly have access to your assets and you can begin purchasing and trading. To purchase Maker (MKR) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. To locate Maker (MKR), you will need to put the cointype (MKR) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we've marked this also. Click on “MKR/BTC” to proceed.
Step 4 – Buy Maker (MKR) As soon as you have found Maker (MKR), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are making our Limit Order. The field with the “Price” tag will be filled automatically with the most latest tariff Maker (MKR) was traded for. You can change this to your favoured rate. The ”Amount” field is the volumen of MKR you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of MKR. When you're satisfied, click on “Buy MKR”. Your order will be filled as soon as a Vendor sells their MKR for the price you gave.
Step 5 – Withdraw Maker (MKR) Unless you're regularly trading, you should never keepyour crypto on an Crypto Exchange for an extensive period of time. In order to withdraw your Maker (MKR), go to the tab called “Funds” and click on “Withdraw”. Maker (MKR) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Maker (MKR) by using the provided drop-down box. Enter the amount of Maker (MKR) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you're glad, click on “Submit”. You may be requested for verfication via phone/email before a take off.