EthereumMax captured the attention in the crypto world, with tons of celebrity promotion when it was launched. Kim Kardashian, Paul Pierce, and Floyd Mayweather were among the top ambassadors of the cryptocurrency. Binance CEO Mr. Zhao criticized celebrity-backed digital currencies, citing the promotional tactics as uncanny. EMAX didn’t lack its share of criticism as it landed Kim Kardashian and Mayweather into lawsuits.
Pending the ‘bad media’ that the digital currency has garnered, EMAX is purchasable on many crypto exchanges. However, you will need to follow a few steps. We will be guiding you in this article on how and where to buy EthereumMax.
What is EMAX?
EthereumMax (EMAX) is a cryptocurrency that runs on the Ethereum blockchain. The current supply of EthereumMax is 2,000,000,000,000,000, with 0 in circulation.
On May 17, 2021, EMAX became tradable for the first time. Since then, EMAX has been listed on various cryptocurrency exchanges. But, unlike other major cryptocurrencies, folks cannot purchase it directly with fiat money. However, you may still buy this coin by first purchasing another cryptocurrency, such as bitcoin or ethereum, from any fiat-to-crypto exchange and then transferring to an exchange that trades this coin.
Step 1: Register on Fiat-to-Crypto Exchange
The first step is registering on a fiat-to-crypto exchange such as Coinbase and Binance. When choosing which exchange to use, find one that best suits your needs. In this article, we shall focus on Coinbase. Coinbase is among the largest and most secure fiat-to-crypto exchanges globally. It is straightforward to use even for beginners and has over 240 different cryptos hence diverse.
First, go to the Coinbase website and click on the signup button. When the verification has taken place, you can then create an account. After that, you can select and set up your funding sources, whether bank account or credit card, as you prefer.
Step 2: Buy BTC with Fiat Money
The second step is to make your first bitcoin purchase, which you will use to purchase EthereumMax (EMAX). Coinbase makes it extremely simple to begin investing in cryptocurrency. All you have to do is go to your BUYS pages and select the currency you want to buy.
The next step is to decide how much money you want to invest in EMAX. Then, confirm your funding source (e.g., credit card) and press the BUY button. Just like that, you have made your first BTC purchase.
Step 3: Transfer BTC to an Altcoin Exchange
It’s now time to use your Coinbase investment to buy EthereumMax (EMAX). Because Coinbase only allows you to buy Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, you’ll need to move your BTC or ETH investment to another cryptocurrency exchange. EthereumMax (EMAX) is currently available for purchase on several cryptocurrency exchanges, including MEXC.
Once you’ve created a trading account with one of the exchanges that trade EthereumMax (EMAX), you’ll need to transfer your BTC or ETH from Coinbase to that exchange. It is accomplished through the use of a wallet system.
You will need to obtain your account’s BTC ID at the exchange where you want to buy EthereumMax (EMAX). Most exchanges will have a DEPOSIT button next to either BTC or ETH. When you click on it, you should see (or be given the option to create) your wallet ID, which is unique to your account.
Once you have your currency’s wallet ID, go to Coinbase and transfer your BTC to this wallet. Following confirmation, your transfer should appear in your exchange’s account and will be immediately usable to purchase EthereumMax (EMAX).
Now, look for the EMAX/BTC ticker and click on it. Simply exchange your BTC for EMAX, and as easy as that, you have successfully purchased and invested in EthereumMax.
Last Step: Store EMAX Securely
After purchasing EMAX, the next important step is storing the crypto. Whether you plan to hodl for a long time or use the crypto in the short term, you should find a wallet to store your crypto safely. You can select either of two options, software wallets or hardware wallets, depending on your preference.
Hardware wallets are “cold wallets,” which are the safest way of storing crypto as they are offline, and hence hackers cannot access them online and take out your crypto. The most popular in this category are Ledger Nano X and Ledger Nano S.
The other option is software wallets which are “hot wallets.” They are online, and hence they are less secure. Some of these known wallets are Coinbase Wallet and CryptoWallet.com.
Other Valuable Tools for Trading EMAX
CryptoTrader.Tax is a tax software designed to save you time while increasing your return. It is straightforward to use and will save you hours of labour, mainly if you are a “day trader.” They facilitate a TON of exchanges and will keep you off the government’s bad list. You can sign up and try CryptoTrader.Tax for free, but you must pay to see the results.
NordVPN is a well-known VPN service provider. They provide a safe and completely anonymous VPN service. They have an incredible number of servers, with servers in at least 59 countries as of the writing of this book.
When trading EMAX, it’s important to maintain anonymity since you never know who is observing what you’re doing. You may use NordVPN for additional purposes, such as viewing shows from a country you are not currently situated in.
Can I buy EMAX with cash?
There is no direct way to purchase EMAX with cash. However, you may use markets like LocalBitcoins to buy BTC first and then complete the remainder of the processes by moving your BTC to the appropriate AltCoin exchanges.
LocalBitcoins is a Bitcoin exchange that operates on a peer-to-peer basis. It is a trading platform where users may purchase and sell bitcoin to and from one another. Users, known as traders, create adverts that include the price and payment method they wish to provide. You may pick to purchase from sellers in a particular surrounding location on the site.
It is, after all, an excellent place to go to buy bitcoin when you can’t locate your chosen payment methods anyplace else. However, pricing on this site is typically higher, and you must exercise caution to prevent being duped.
Are there any quick ways to buy EMAX in Europe?
Yes, Europe is one of the most accessible areas to acquire cryptocurrency in general. There are also online banks to register an account and send money to exchanges like Coinbase and Binance. Such online banks in Europe are Bunq and Revolut.
Are there any alternative platforms to buy EMAX or Bitcoin with credit cards?
Yes, you can. All you have to do is go to Changelly, a simple trading platform, especially when buying Bitcoin using credit cards. It offers an automated crypto exchange, allowing buyers to swap cryptocurrency quickly and purchase it with a credit card. It has been created to make it simple to acquire cryptocurrency since it includes a primary user interface and easy-to-follow instructions.