A Step-by-Step-Guide on how to buy MergeCoin (MGC)
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to purchase units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get your welcome 10 Dollar.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. MergeCoin (MGC) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate MergeCoin (MGC) As soon as your deposit has been confirmed, you will immediately have access to your finances and you can initiate buying and trading. To buy MergeCoin (MGC) on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”. To find MergeCoin (MGC), you'll need to insert the shortname of the coin (MGC) into the search box, which is marked in the picture. Make sure you have choosen the proper pairing, we have highlighted this too. Click on “MGC/BTC” to go on.
Step 4 – Buy (MGC) MergeCoin As soon as you've spotted (MGC) MergeCoin, you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date valuation MergeCoin (MGC) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of MGC you wish to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of MGC. When you're satisfied, click on “Buy MGC”. Your order will be filled when a Vender trades their MGC for the price you offered.
Step 5 – Withdraw MergeCoin (MGC) Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extensive period of time. To take off your (MGC) MergeCoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (MGC) MergeCoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate MergeCoin (MGC) by using the provided drop-down box. Put into the quantity of MergeCoin (MGC) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you are happy, click on “Submit”. You could be requested for email/phone verification ahead of a take off.