How to buy Merit Circle in 2022 ? – A Step by Step Guide
By Kaela R. 10 min read
Where to buy Merit Circle
Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Merit Circle (MC) in 2022.
Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Merit Circle.
1. Binance
Binance gets a lot of things right for traders who wish to focus solely on cryptocurrency. A diverse range of popular cryptocurrencies should appeal to everyone save the most passionate crypto fans.
Low trading costs and volume reductions should entice more active traders, especially because fees elsewhere are far higher.
Newer investors who want customer service may find a better match elsewhere, particularly if they intend to trade other stocks or crypto as a sideline.
Based on what has been discussed so far, Binance is unquestionably the premier Cryptocurrency Exchange, with low costs and excellent digital currency support.
Binance Features
- Binance trading has some of the lowest costs in the business.
- On Binance, you can trade over 180 cryptocurrencies.
- The exchange is available through online and mobile apps for Android and iOS, as well as desktop programmes for macOS and Windows.
- Binance Futures provides up to 125x leverage while margin trading provides up to 3x leverage.
- It offers a dedicated help Centre where you may contact the support team or get actual beginning tips and explanations of various exchange operations.
- It also allows you to make passive income from your crypto assets through staking, crypto lending, and other methods.
How to buy Merit Circle on Binance
Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.
1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.
2. You can purchase Merit Circle (MC) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of Merit Circle you can acquire.
3. Select the payment method and fill the required information than Continue.
4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of Merit Circle you may get will be adjusted depending on the current market price.
5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired MC in your Binance Spot Wallet immediately.
2. Gate.io
Gate.io is one of the fastest-growing cryptocurrency platforms, featuring a premier Initial Exchange Offering (IEO) platform, several cryptocurrencies, leveraged margin trading, and other innovative financial services like as margins loan or loans. Despite having a robust trading engine, the platform interface is fairly cluttered and is not the greatest location for beginner investors to start.
Getting Started with Gate.io
Creating an account on Gate.io is pretty simple and straightforward, just follow these simple steps below.
Step 1: Go to the official Gate.io website and click Sign Up.
Step 2: On the next screen, enter your email address, and create a password.
Step 3: Next: You must generate a fund password (This password adds an extra layer to your security as without this key no one can withdraw funds from your account).
Step 4: You will be prompted to confirm your email address.
Step 5: Once you've verified your email, you can simply Login to the site and begin trading!
Note: Due to changing regulations, You might need to go through a KYC process to verify your identity.
How to buy Merit Circle on Gate.io
Follow our step by step guide to buy Merit Circle (MC) on gate.io:
1. Log in to your Account on Gate.io.
2. Click Buy Crypto fro main menu located at top bar. Here you will find three ways to buy MC coin (Credit card, Bank Transfer, P2P Trade).
3. Enter the purchase amount in USD. Now select/search Merit Circle from dropdown menu.
4. Incase of Credit card, gate.io offer multiple processing partners, select the one that offer services in your country.
5. Accept the terms and conditions and click Purchase.
Now you are Proud investor in Merit Circle (MC).
If you want to buy Merit Circle with another cryptocurrency. First, Transfer that currency into the Gate.io exchange using Deposit method after that go to the market page, search for MC and buy it using your deposit cryptocurrency.
Other Exchanges to buy Merit Circle
Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy MC.
Buy Merit Circle on Decentralized Exchanges.
Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy Merit Circle (MC) easily.
1. Uniswap (v3)
Uniswap is a decentralised exchange (DEX) that allows users to finance liquidity pools and benefit from them.
The platform's user-friendly online interface allows users to exchange Ethereum-powered ERC-20 tokens. Previously, decentralised exchanges had small order books and poor UXs, leaving a huge opportunity for successful decentralised exchange.
Users no longer have to accept defects because they can easily exchange Ethereum-based protocols using a web 3.0 wallet thanks to Uniswap. You can do so without having to deposit or withdraw funds from a centrally controlled order book. Uniswap allows users to trade without the intervention of a third party.
How to buy Merit Circle on Uniswap (v3)
In this section, we'll go through below steps on how to make your first Merit Circle purchase on Uniswap.
Uniswap allows you to buy Merit Circle (MC) and any of the thousands of ERC20 tokens offered by the Ethereum network. To do so, you'll need sufficient ETH on hand to cover any transaction costs, as well as anything to exchange for the ERC20 token you desire mostly Ethereum or USDT (ERC-20).
Step 1: Navigate to the Uniswap exchange platform. Click the 'Connect to a wallet' option in the upper right corner and log in with the Metamask or Trust wallet.
Step 2: After logging in, the trading dashboard will be shown. Select the token you want to trade for, and the token you want in the top section (in our case Merit Circle), You can also search Merit Circle (MC) in Coinmarketcap and copy/paste the MC contract in uniswap.
Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.
Step 4: At the bottom of the order menu, you'll see how much you'll be charged. If you're satisfied with these numbers, click the 'Swap' option. When you're finished, confirm the transaction, and it'll be processed. Once completed, your tokens will be available in your ERC20 wallet.
2. PancakeSwap (v2)
PancakeSwap Exchange started in September 2020 on the Binance Smart Chain as an alternate automated market maker (AMM) to Uniswap Exchange, with cheaper transaction fees and faster speeds. While it began as just a copy and paste of Uniswap on some other blockchain, PancakeSwap Exchange has now evolved a number of features that have allowed it to be utilized more often than Uniswap.
With a variety of features and opportunities for users to make earnings, the platform currently has more Total Value Secured than Uniswap. PancakeSwap Exchange can meet your demands if you are seeking for a decentralised exchange with cheap fees and transaction expenses.
PancakeSwap (v2) Features
PancakeSwap features that describe what more users may accomplish in the exchange. For example, take a look at the PancakeSwap farms, where users may invest their LP tokens to make extra cryptocurrency.
Meanwhile, PancakeSwap provides a quick and secure way to exchange tokens from BNB or any other BSC supported token to the cryptocurrency of your choosing on the BSC network. Best of all, customers of the exchange may profit from the BSC blockchain's minimal gas prices. As a result, traders and investors may optimize their profits by exchanging crypto with a high degree of security. PancakeSwap is intended to do a variety of features, including:
- BEP20 tokens are traded.
- Users can provide liquidity to exchanges in exchange for benefits.
- CAKE token holders may put their money on the line.
- Users may use their liquidity power tokens to get access to further incentives.
- CAKE tokens may be compounded to obtain even more CAKE tokens.
- To optimize overall yields, use a variety of staking platforms.
How to buy Merit Circle on PancakeSwap (v2)
In this section, we'll go through below steps on how to make your first Merit Circle purchase on Pancakeswap.
Step 1: Go to Pancakeswap.finance, click Connect Wallet and select Metamask or Trust Wallet. After connecting your wallet to Pancakeswap, you can now begin trading tokens on the Pancake official site.
Step 2: Click Trade > Swap from the main menu. Select the token you want to trade for, and the token you want in the top section (in our case Merit Circle), You can also search Merit Circle (MC) in Coinmarketcap and copy/paste the MC contract in Pancakeswap.
Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.
Step 4: Before you finalize the conversion, go through the details and double-check that everything is in order. When you're finished, simply press "Swap" and then "Confirm Swap." That’s all.
As soon as the trade is verified, Merit Circle will appear in your wallet.
Conclusion
Choosing the best cryptocurrency platform for Merit Circle (MC) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.