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 – Send Your Funds to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Metal (MTL) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Metal (MTL) Once your deposit has been confirmed, you'll immediately have access to your assets and you can commence invest and trading. To purchase Metal (MTL) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. To locate Metal (MTL), you'll need to put the cointype (MTL) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we've highlighted this too. Click on “MTL/BTC” to advance.
Step 4 – Buying Metal (MTL) As soon as you've found Metal (MTL), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are going to create our Limit Order. The ”Price” field will be filled automatically with the up-to-date price Metal (MTL) was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of MTL you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete amount of MTL. When you're happy, click on “Buy MTL”. Your plan will be filled when a Vender sells their MTL for the price you gave.
Step 5 – Withdraw Metal (MTL) Unless you are trading, never keep your crypto on an Crypto Exchange for an longer period of time. In order to withdraw your Metal (MTL), go to the tab called “Funds” and click on “Withdraw”. Metal (MTL) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Metal (MTL) by using the provided drop-down box. Drop in the amount of Metal (MTL) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a take off.