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 Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Meritcoins (MRC) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps)

Make sure you have selected the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate Meritcoins (MRC)

As soon as your deposit has been affirmed, you will directly have access to your assets and you can begin buying and trading. To buy Meritcoins (MRC) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

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

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

Once you have located Meritcoins (MRC), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price Meritcoins (MRC) was sold for. You can change this to your preferred price. The ”Amount” field is the amount of MRC you want to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete quantity of MRC.

If you are glad, make a mouse click on “Buy MRC”. Your plan will be filled as soon as a Seller trades their MRC for the price you offered.

Step 5 – Withdraw Meritcoins (MRC)

Unless you're frequently trading, never keep your crypto on an Crypto Exchange for an extended time period. In order to take off your Meritcoins (MRC), hover over the ”Funds” tab and click on “Withdraw”. Meritcoins (MRC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Meritcoins (MRC) by using the provided drop-down box. Enter the amount of Meritcoins (MRC) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

If you're satisfied, click “Submit”. You could be asked for phone/email verification before a withdrawal.

Binance Withdraw

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

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your take off with Etherscan.io or Ethplorer.io and the (MRC) Meritcoins is safe within your wallet, you are finished.

Some other Guides on How to buy Coins

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How to Buy Coins
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