A Step-by-Step-Guide on how to buy Meritcoins (MRC)
Step 1 – Signup to CEX.io You'll first need to buy units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Meritcoins (MRC) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Locate Meritcoins (MRC) As soon as your deposit has been affirmed, you will directly have access to your finances and you can initiate purchasing and trading. To invest in Meritcoins (MRC) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. In order to find Meritcoins (MRC), you will need to insert the cointype (MRC) into the search-box, which is marked in the image. Make sure you have choosen the proper grouping, we've marked this too. Click on “MRC/BTC” to advance.
Step 4 – Buying (MRC) Meritcoins Once you have located (MRC) Meritcoins, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest rate (MRC) Meritcoins was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of MRC you wish to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of MRC. If you are happy, make a mouse click on “Buy MRC”. Your order will be filled when a Seller sells their MRC for the price you submitted.
Step 5 – Withdraw (MRC) Meritcoins Unless you are trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive period of time. To withdraw your (MRC) Meritcoins, hover over the tab called “Funds” and click on “Withdraw”. (MRC) Meritcoins can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (MRC) Meritcoins by using the provided drop-down box. Enter the volumen of (MRC) Meritcoins you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you are glad, click “Submit”. You may be asked for email/phone verification before a withdrawal.