A Step-by-Step-Guide on how to buy Metal (MTL)
Step 1 – Join Kraken In the beginning you'll need to purchase units of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and to get Bitcoin or Ethereum.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Metal (MTL) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate Metal (MTL) Once your deposit has been approved, you'll directly have access to your funds and you can initiate buying and trading. To purchase Metal (MTL) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. In order to find Metal (MTL), you will need to put the shortname of the coin (MTL) into the search-box, which is highlighted in the image. Be certain of having choosen the correct grouping, we've marked this also. Click on “MTL/BTC” to progress.
Step 4 – Buying Metal (MTL) Once you've located Metal (MTL), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most latest price Metal (MTL) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of MTL you want to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the complete quantity of MTL. When you're happy, click on “Buy MTL”. Your order will be filled when a Vender sells their MTL for the price you offered.
Step 5 – Withdraw Metal (MTL) Unless you are regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time frame. To take off your Metal (MTL), go to the tab called “Funds” and mouse click on “Withdraw”. Metal (MTL) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Metal (MTL) by using the provided drop-down box. Put into the volumen of Metal (MTL) you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you're happy, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.
Congrats! You have successfully bought and safed Metal (MTL).That's it! Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the (MTL) Metal is stored inside your wallet, you are finished.
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