When buying cryptocurrency, there are many factors to consider, such as location and protocol. There is no MAX Exchange Token on the centralized Coinbase exchange yet. However, MAX Exchange Token can be purchased through Coinbase Wallet – your key to the world of cryptocurrency. Here’s how to buy MAX Exchange Token through Coinbase Wallet:
Download Coinbase Wallet
To buy MAX Exchange Token, you need a self-storage wallet such as Coinbase Wallet. Coinbase Wallet is available as a mobile app and browser extension. You can download Coinbase Wallet here.
2. Select a user name in Coinbase Wallet
When setting up a Coinbase Wallet, you will need to choose a username. Knowing it, other Coinbase Wallet users can easily send you cryptocurrency. You don’t have to make it public, but you will need it to access your account.
3. Save the phrase for recovery in a safe place
When you create a new self-storage wallet, you will receive a recovery phrase consisting of 12 random words. The recovery phrase is the key to your cryptocurrency. This means that anyone who recognizes your recovery phrase will have access to your cryptocurrency. Do not share your recovery phrase with anyone.
We strongly recommend that you write it down on paper and keep it in a safe place and use the Coinbase Wallet cloud backup feature.
Remember: don’t give your recovery phrase to anyone! Coinbase will never ask you for your recovery phrase. But if you lose it, Coinbase can’t help you regain access to your wallet.
4. Understand how network commissions in Ethereum work and set aside funds for them
Fees depend on the network load, the complexity of the transaction, and the speed you want to complete the transaction. Set aside some money in advance to pay the fees. Learn more about Ethereum commissions here.
5. Buy ETH and transfer them to Coinbase Wallet
If you don’t have a Coinbase account, you will need to create one in order to buy Ethereum (ETH). Learn more about how to create a Coinbase account and buy Ethereum (ETH) here. The method of transferring ETH to Coinbase Wallet depends on whether you’re using a mobile app or a Chrome extension. For detailed instructions, see here.
6. Use ETH to buy MAX Exchange Token on the trade tab
If using Coinbase Wallet on your cell phone, you can purchase MAX Exchange Token directly in the app. Click on (+) “Buy” in the “Assets” tab. Then click on the “Trade” tab, where you can exchange ETH for any Ethereum token (these tokens are called ERC-20 tokens). Click “Select Currency” and choose MAX Exchange Token. Enter the amount of ETH you want to exchange into MAX Exchange Token. Don’t forget to leave funds to pay the transaction fee. Confirm your purchase and follow the on-screen instructions to complete.
If you use the Coinbase Wallet extension, click the “Convert” button. Find MAX Exchange Token and enter the amount of ETH you want to exchange into MAX Exchange Token. Don’t forget to leave funds to pay the transaction fee. Confirm the purchase and follow the on-screen instructions to complete.