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How to buy Merit Circle (MC) in the UK

Learn how to buy Merit Circle (MC) on 2+ crypto exchanges in our step-by-step guide.

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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

Merit Circle (MC) is the 306th largest cryptocurrency by market cap, valued at US$86,102,926.

Merit Circle is a highly volatile asset capable of major price swings in a single day. Today MC is trading for $0.22207 USD, which is higher than yesterday's trading price of $0.2190464579 USD. Over the past year, Merit Circle's price has seen a decrease of -80%.

So before you buy Merit Circle, make sure you understand these unique risks as well as its legal and tax status here in the UK.

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

How to buy Merit Circle in 4 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 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.
  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 GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Merit Circle
    You can now exchange your funds for Merit Circle. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Merit Circle to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy Merit Circle in the UK

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 exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
1 - 2 of 2
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Kraken Cryptocurrency Exchange
Finder Award
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD, AED

222
cryptocurrencies

Go to site
View details
Gemini Cryptocurrency Exchange
OFFER
Gemini Cryptocurrency Exchange
Debit card, Apple Pay, Google Pay, SWIFT
GBP, EUR

106
cryptocurrencies

View details
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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 and AI systems built by our technical experts Zak Killermann and Helen Hu.

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 the UK 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 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.

Before buying MC, 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 Merit Circle has been performing recently.

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.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

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 ($0.22207 USD) against its all-time-high price of $11.7 USD on 02 December 2021. The closer the bar is to 100%, the closer MC is to reaching its ATH again.

Merit Circle's price: $0.22207
ATH date: December 02, 2021
1.90%

Merit Circle ATH: $11.7


How to trade, convert or sell Merit Circle

You can convert or sell your MC with the same exchange you bought it through:
  1. Sign in to the exchange you have MC on.
  2. If you store your Merit Circle 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 MC you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Merit Circle.
  6. Complete your transaction and move your MC to a wallet for storage.
  1. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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