How to Buy Maker (MKR) in Armenia

A Step-by-Step-Guide on how to buy Maker (MKR) in Armenia

Step 1 – Join Coinmama

In the beginning you'll need to purchase one of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive your BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Send Your Funds to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Maker (MKR) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you've selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate {Maker (MKR)|(MKR) Maker}

As soon as your deposit has been affirmed, you'll instantly have access to your assets and you can begin purchasing and trading. To invest in {Maker (MKR)|(MKR) Maker} on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”.

In order to locate {Maker (MKR)|(MKR) Maker}, you'll need to put the short name of the asset (MKR) into the search-box, which is marked in the graphic. Make sure you have choosen the right grouping, we have marked this too. Click on “MKR/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} Maker (MKR)
Step 4 – Buy {Maker (MKR)|(MKR) Maker}

After you've located {Maker (MKR)|(MKR) Maker}, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to create our Limit Order.

The ”Price” field will be automatically filled with the latest rate {Maker (MKR)|(MKR) Maker} was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of MKR you want to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete amount of MKR.

If you're happy, click on “Buy MKR”. Your plan will be filled when a Seller sells their MKR for the price you gave.

Step 5 – Withdraw {Maker (MKR)|(MKR) Maker}

Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive time period. In order to withdraw your {Maker (MKR)|(MKR) Maker}, hover over the ”Funds” tab and click on “Withdraw”. {Maker (MKR)|(MKR) Maker} can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Maker (MKR)|(MKR) Maker} by using the provided drop-down box. Drop in the volumen of {Maker (MKR)|(MKR) Maker} you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address.

When you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Congrats! You've successfully purchased and safed Maker (MKR) in Armenia.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the {Maker (MKR)|(MKR) Maker} is safe within your wallet, you are all done.

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