A Step-by-Step-Guide on how to buy Meritcoins (MRC)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase units of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and receive your welcome 10$.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Meritcoins (MRC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate Meritcoins (MRC) Once your deposit has been verified, you'll directly have access to your funds and you can initiate invest and trading. To purchase Meritcoins (MRC) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To find Meritcoins (MRC), you'll need to put the shortname of the coin (MRC) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have highlighted this also. Click on “MRC/BTC” to proceed.
Step 4 – Purchasing (MRC) Meritcoins As soon as you've located (MRC) Meritcoins, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to make our own Limit Order. The ”Price” field will be automatically filled with the most recent price (MRC) Meritcoins was traded for. This can be changed to your desired price. The ”Amount” field is the amount of MRC you want to buy. The ”Total” field is the whole price in BTC that you will pay for the complete amount of MRC. If you're happy, make a mouse click on “Buy MRC”. Your plan will be filled as soon as a Vendor sells their MRC for the price you introduced.
Step 5 – Withdraw (MRC) Meritcoins Unless you are frequently trading, best advise is not to keep crypto on an Crypto Exchange for an extensive period of time. In order to withdraw your (MRC) Meritcoins, hover over the ”Funds” tab and mouse click on “Withdraw”. (MRC) Meritcoins can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (MRC) Meritcoins by using the provided drop-down box. Put into the quantity of (MRC) Meritcoins you would like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are happy, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.