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How to buy Merit Circle (MC)
Learn how to buy Merit Circle (MC) in our step-by-step guide.
Merit Circle (MC) is in the top 1,000 cryptocurrencies by market cap, valued at $69,575,106.
Merit Circle is a highly volatile asset capable of major price swings in a single day. Today MC is trading for $2.97, which is slightly down from yesterday's trading price of $3.02. Merit Circle's seen an increase of 932% over the past year.
So before you buy Merit Circle, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can buy Merit Circle.
How to buy Merit Circle 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.
- Compare crypto exchangesThe easiest way to buy Merit Circle 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.
- 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.
- Make a depositOnce verified, you can deposit USD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy Merit Circle
You can now exchange your funds for Merit Circle. On beginner-friendly exchanges, this is as simple as entering the USD or MC amount you want to purchase and clicking "buy".
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Secure your Merit Circle
Consider transferring your MC 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.
Where to buy Merit Circle
Find an exchange to buy, sell and trade MC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
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How we keep this Merit Circle guide up-to-date
- MC price data is regularly updated through data feeds so you always have the latest information.
- Merit Circle performance data is regularly updated using automated comparisons.
How do I find the best places to buy Merit Circle?
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 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 Merit Circle?
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 Merit Circle.
- 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 MC 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 Merit Circle?
Once you've created an account, you will need to deposit funds to buy MC 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 to buy MC:
- 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 MC by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for MC on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Merit Circle?
The easiest way to buy MC 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.
Best Merit Circle wallets to store your MC
You can keep your MC 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 MC below.
Trezor Model T Wallet
★★★★★ 4
Price (USD)
$179
Supported assets
9,000+
Ledger Nano X Wallet
★★★★★ 4.6
Price (USD)
$149
Supported assets
5,500+
SafePal S1 Wallet
★★★★★ 4
Price (USD)
$49.99
Supported assets
30,000+
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is Merit Circle a good investment?
Cryptocurrencies are both complicated and speculative. Buying any crypto coin or token comes with a high level of risk. It's essential that you're fully aware of all the risks involved before you decide to buy. If you're thinking of purchasing MC, make sure you consider the following factors:
- Games: The guild currently runs scholarship programs for Sidus Heroes, Axie Infinity, and Vulcan Forged. Furthermore, it aims to expand to other games including Big Time, Cyball, Genopets, Illuvium, and Nyan Heroes. Potential investors of MC should keep up to date with the latest games that are integrated into the Merit Circle ecosystem.
- P2E index: The Merit Circle DAO will continue to invest in the best games the GameFi sector has to offer. Methods of investment include buying native non-fungible tokens (NFTs) and employing yield farming strategies for gaming tokens. As a result of Merit Circle's investments, the DAO compares the native MC token to a P2E index. The DAO claims that buying the MC token is like betting that the entire P2E industry will increase in value and size over time.
- Staking rewards: The DAO has established two native liquidity pools for staking: one specifically for MC tokens and the other for liquidity provider (LP) tokens, such as MC/ETH. Both pools reward users with MC tokens proportional to the staked amount. Note that LP tokens are generated by depositing liquidity to the MC/ETH pool on Uniswap. Besides the token rewards, stakers can also enjoy exclusive perks enabled by the DAO's partnerships.
- Well known investment backers: Merit Circle is backed by several prominent venture capital firms including the prominent Digital Currency Group (DCG). DCG has invested in several crypto-focused projects including the news site, CoinDesk, and the investment platform, GrayScale. Having a prominent partner such as DCG is encouraging for the future prospects of Merit Circle.
- Competitors: Gaming guilds are becoming increasingly popular within the cryptocurrency industry. As a result, Merit Circle needs to compete with other projects including Good Games Guild, Unix Gaming, and the market leader, Yield Guild Games - which is also a co-investor of Merit Circle.
Today's Merit Circle price versus ATH
Compare today's price of Merit Circle ($2.97 USD) against its all-time high (ATH) price of $11.70 on December 02, 2021. The closer the bar is to 100%, the closer MC is to reaching its ATH again.
Current price: $2.97
All time high: $11.70
How do I trade, convert or sell Merit Circle?
You can convert or sell your MC with the same exchange you bought it through:- Sign in to the exchange you have MC on.
- If you store your Merit Circle in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of MC you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Merit Circle.
- Complete your transaction and move your MC to a wallet for storage.
How to buy other cryptos
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
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