How to Buy Megacoin (MEC) in 2021: A Simple Guide

Megacoin MECIn this guide you’ll get information about where to buy Megacoin, if you are planning to buy MEC – You’re in the right place!

Megacoin is about online payment system where sending and receiving cryptocurrency (digital money) is made easy and simple. The platform is based on Bitcoin currency, designed and created as the alternative solution to (Bitcoin) network.

Unlike other online payment systems that are usually managed by the major financial institutions, Megacoin platform is completely different. It doesn’t require any Social Security number or Credit Check. You should be able to set up the account easily – and freely! The transaction fee is low and the processing time is fast. In most cases, all transactions will take place instantly without any delay, no matter you are in this world.

Megacoin (MEC) Features

  • Fast and secured platform. Everything about this platform is fast and efficient. Transactions take place within minutes, even across different parts of the globe. Unlike the traditional banking transfer, which may take days because of the regulations, such thing won’t happen in this platform
  • Scrypt mining algorithm. Whereas other platforms are generally using the SHA-256 type, this one is different. SHA-256 is heavy on the resources, especially for individual miners. This leads to slower mechanism and operation. Scrypt, on the other hand, doesn’t need a lot of resources. This is definitely handy for those who want to enjoy efficient and fast operation.
  • Flexible compatibility. Even if you don’t want to use the platform now, you can still have the wallet for free. Managing one would be easy and free. And it is compatible with different operating systems, including MacOS and Windows.
  • Decentralized system. With this platform, you won’t have to worry that you will have to deal with fussy regulations. The decentralized system supports flexibility and freedom in managing your transactions. You won’t have to worry about prying eyes or people monitoring your (financial) activities.

Where to Buy, Sell and Trade Megacoin aka MEC

You can basically use debit card, credit card, or even PayPal to buy the Megacoin (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Megacoin as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to Megacoin. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

In general, the process would be:

  1. You go to the online exchange and buy the Ethereum or Bitcoin
  2. Find a crypto exchange that supports Megacoin currency and exchange your Ethereum or Bitcoin with the Megacoin
  3. Store your Megacoin to a secured wallet

Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

coinbaseClick here to register (opens in new tab)

  • You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
  • Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
  • You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.

That’s the first step in buying Megacoin, once you get your Bitcoin or Ethereum, you can continue to the next step.

Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments

After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.

With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.

These are the best exchanges we can recommend for you to exchange BTC or ETH with Megacoin:

BINANCE
binanceBinance is  the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now.

  • Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
  • Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
  • Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
  • Trading Pairs: 1189+
KRAKEN
kraken

Kraken is a crypto exchange from United States and was founded in 2011. Currency exchange that Kraken operates provides trading on a crypto-to-fiat-money system. At the time of writing, Kraken is available for 48 regions in US and can be accessed for 176 countries. Kraken has listed 56 types of cryptocurrencies to trade on. According to CoinMarketCap, Kraken is ranked 3rd globally.

  • Deposit Methods: FIAT currencies, Cryptocurrency, Cash (CAD only), Debit Card (CAD only)
  • Fiat Currencies: USD, EUR, CAD, GBP, CHF, JPY and AUD
  • Supported Cryptocurrencies: BTC, ETH, ADA, DOT, DASH, ETC, KSM, NANO, XRP, USDT & 52+ more
  • Trading Pairs: 284+
GATE.io
gate.ioGate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.

  • Deposit Methods: Cryptocurrency Only
  • Fiat Currencies: N/A
  • Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 565+ more
  • Trading Pairs: 1118+

IMPORTANT! Once you are registered to any of the above, find the BTC/MEC or ETH/MEC trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.

Step 3: Managing Your Crypto Assets in a Secure Wallet

As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.

You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.

There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.

For Securing your Megacoin (MEC) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

LEDGER NANO-X

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

TREZOR MODEL-T

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

Frequently Asked Questions (Faqs)

Can I Buy Megacoin (MEC) with PayPal?

You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Megacoin. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy Megacoin (MEC) with Cash?

You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:

  • Make sure you have a BTC / ETH wallet before you buy from seller
  • Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.

Can I Buy Megacoin (MEC) with Skrill?

You can’t buy MEC directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Megacoin. You can buy BTC/ETH with skrill by using these exchanges::

Can I Buy Megacoin (MEC) with Bitcoin?

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/MEC and begin the transactions.

Can I Buy Megacoin (MEC) with Ethereum?

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/MEC trading pair.

What Is the Best Payment Method to Buy Megacoin (MEC)?

The cheapest way is to use bank account to buy Bitcoins first or to buy the Megacoin right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect Megacoin (MEC)?

Once you have purchased the Megacoin, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

ledger nano x

Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

How to Sell Megacoin (MEC)?

Find a crypto exchange which allow pairing MEC with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

Can I Mine Megacoin (MEC) and Not Buying It?

Yes, you can.

Conclusion

If you want to gain access to a completely free and independent way of transferring (and receiving) money, then Megacoin may seem like a good pick. Accessing the platform is a breeze and you can generally reveal all the benefits even without completely taking part in it. Not only this platform is good as a mean to transfer money, but it is also a promising platform for investment.

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