A Step-by-Step-Guide on how to buy MFCoin (MFC)
Step 1 – Signup to Kraken You'll first need to buy one of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. MFCoin (MFC) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find MFCoin (MFC) As soon as your deposit has been confirmed, you'll directly have access to your finances and you can commence buying and trading. To buy MFCoin (MFC) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to find MFCoin (MFC), you'll need to put the shortname of the coin (MFC) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we've marked this also. Click on “MFC/BTC” to proceed.
Step 4 – Purchase MFCoin (MFC) After you've located MFCoin (MFC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most latest price MFCoin (MFC) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of MFC you want to buy. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole volumen of MFC. If you are happy, click on “Buy MFC”. Your order will be filled as soon as a Vendor trades their MFC for the price you introduced.
Step 5 – Withdraw MFCoin (MFC) Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your MFCoin (MFC), go to the tab called “Funds” and mouse click on “Withdraw”. MFCoin (MFC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find MFCoin (MFC) by using the given drop-down box. Put into the quantity of MFCoin (MFC) you would like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. When you're glad, click “Submit”. You may be requested for phone/email verification ahead of a take off.
Congrats! You have successfully purchased and stored MFCoin (MFC).That's it! Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (MFC) MFCoin is stored inside your wallet, you are done.
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