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How to buy Metal DAO (MTL)

Learn how to buy Metal DAO (MTL) on 4+ crypto exchanges in our step-by-step guide.

Uphold - Digital Asset Platform

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  • Trade MTL and 273 other cryptos.
  • Trade directly across crypto and traditional currencies.
  • Instant deposits and withdrawals.
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Metal DAO (MTL) is the 568th largest cryptocurrency by market cap, valued at US$64,539,816.

Metal DAO is a highly volatile asset capable of major price swings in a single day. Today the price of MTL is $0.767635, which is lower than yesterday's trading price of $0.7874337621. Over the past year, Metal DAO's price has seen a decrease of -64%.

So before you buy Metal DAO, make sure you understand these unique risks as well as its legal and tax status here in the US.

If you're ready to get started, read on for step-by-step instructions on how you can buy Metal DAO.

How to buy Metal DAO in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Metal DAO is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit USD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Metal DAO
    You can now exchange your funds for Metal DAO. On beginner-friendly exchanges, this is as simple as entering the USD or MTL amount you want to purchase and clicking "buy".
  5. Secure your Metal DAO
    Consider transferring your MTL to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Metal DAO

Find an exchange to buy, sell and trade MTL by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 1 of 1
Product GXFCY Finder Score Fiat currencies Cryptocurrencies Deposit methods Offer Disclaimer
Uphold - Digital Asset Platform
Uphold logo
8.6Great

27

253

Bank transfer (ACH), Bank transfer, Credit card, Debit card, Wire, Apple Pay, Google Pay
Refer a friend to earn US$20 — $10 for you and $10 for the person you refer. T&Cs apply.
Terms apply. Cryptoassets are highly volatile. Your capital is at risk. Available in the US, CA, UK and AU
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Capital at risk

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What is Metal DAO?

Metal Pay is a blockchain-based payment processing platform designed to introduce cryptocurrency to the masses. It offers a secure cryptocurrency wallet that connects to your bank accounts and allows you to send instant transfers around the globe. Once a Metal Pay account is set up, transactions can be made using nothing more than a mobile phone number.

METAL (MTL) is the native currency of the platform and is used for proof-of-processed payment rewards to Metal Pay users. Every time a Metal Pay user sends money or makes a purchase on the platform, they receive up to 5% cashback in the form of MTL tokens.

How do I find the best places to buy Metal DAO?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the US to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Metal DAO?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Metal DAO.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing MTL with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Metal DAO?

Once you've created an account, you will need to deposit funds to buy MTL with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy MTL:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase MTL by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for MTL on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Metal DAO?

The easiest way to buy MTL is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying MTL, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Metal DAO has been performing recently.

Best Metal DAO wallets to store your MTL

You can keep your MTL on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your MTL below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,000+

Price (USD)

$149

Price (USD)

$129

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Metal DAO a good investment?

Buying cryptocurrency is risky and speculative, and there are several complicated factors that can influence the value of digital currencies. As a result, it's critical that you consider all the risks associated with any crypto before deciding to buy. If you're thinking of purchasing MTL, take these factors into account:

  • Rewards. METAL rewards are distributed through the proof-of-processed-payments system, allowing users to earn up to 5% MTL on every purchase. 26,341,112 MTL tokens are set aside for this purpose. An additional 13,378,888 MTL are kept in the Metal operational pool to be used at the company's discretion.
  • Use-case. MTL tokens are offered as a reward to encourage the widespread adoption of cryptocurrency. However, they have a range of other uses. For example, merchants will be able to purchase platform credit with MTL, which will entitle them to a discount on all associated payment processing fees and merchant services. Merchants may also receive an additional 5% discount off payment processing fees for offering a discount to customers who pay with MTL.
  • Target audience. Metal's goal is to provide the financial services that small-to-medium-sized businesses need but can't access. Its initial target market will be high-risk merchants, cash-intensive merchants and those who want to accept cryptocurrency. Metal's ability to attract and seamlessly integrate such merchants into its system will be crucial to the value of MTL tokens.
  • Market competition. It's important to assess the challenges Metal Pay could face from competitors. For example, OmiseGo (OMG) offers a similar product that is well worth researching.

Today's Metal DAO price versus ATH

Compare today's price of Metal DAO ($0.767635 USD) against its all-time-high price of $17.03 USD on 21 June 2018. The closer the bar is to 100%, the closer MTL is to reaching its ATH again.

Metal DAO's price: $0.767635
ATH date: June 21, 2018
4.51%

Metal DAO ATH: $17.03


How to trade, convert or sell Metal DAO

You can convert or sell your MTL with the same exchange you bought it through:
  1. Sign in to the exchange you have MTL on.
  2. If you store your Metal DAO in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of MTL you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Metal DAO.
  6. Complete your transaction and move your MTL to a wallet for storage.

Disclaimer: Cryptocurrencies, including Metal DAO, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MTL is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Metal DAO or any other cryptocurrency discussed.

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