How to Buy Meritcoins (MRC)

A Step-by-Step-Guide on how to buy Meritcoins (MRC)

Step 1 – Join Kraken

In the beginning you'll need to buy units of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and to get BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transmit Your Funds to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Meritcoins (MRC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you've chosen the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find Meritcoins (MRC)

Once your deposit has been affirmed, you'll directly have access to your funds and you can start purchasing and trading. To purchase Meritcoins (MRC) on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”.

To find Meritcoins (MRC), you'll need to put the cointype (MRC) into the search box, which is highlighted in the picture. Make sure you have selected the right grouping, we've highlighted this also. Click on “MRC/BTC” to go on.

Binance Hot To Buy Meritcoins (MRC)
Binance How to Buy (MRC) Meritcoins
Step 4 – Buy Meritcoins (MRC)

As soon as you have discovered Meritcoins (MRC), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we're going to make our Limit Order.

The ”Price” field will be filled automatically with the most recent tariff Meritcoins (MRC) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of MRC you wish to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the complete volumen of MRC.

If you are happy, make a mouse click on “Buy MRC”. Your order will be filled when a Vender sells their MRC for the price you offered.

Step 5 – Withdraw Meritcoins (MRC)

Unless you are trading, you should never keepyour crypto coins on an Crypto Trader for an extended time period. In order to take off your Meritcoins (MRC), go to the ”Funds” tab and click on “Withdraw”. Meritcoins (MRC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Meritcoins (MRC) by using the given drop-down box. Put into the volumen of Meritcoins (MRC) you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

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

Binance Withdraw

Congrats! You've successfully bought and stored Meritcoins (MRC).

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your take off using Etherscan.io or Ethplorer.io and the (MRC) Meritcoins is stored inside your wallet, you are done.