How & where to buy EthereumMax (EMAX) online
This beginner’s guide introduces the EthereumMax coin and explains how it works. Learn about its future prospects and compare the best places to get it.
What are the best exchanges to buy EMAX on?Copy link to section
It is not possible to buy EthereumMax on crypto exchanges like Binance or Coinbase right now. The only way you can buy EMAX is to perform a ‘swap’ which is where you exchange one coin for another.
A swap is the process most crypto investors use to buy smaller altcoins like EthereumMax. EMAX can be swapped with Ethereum, so the first thing you’ll need to do is buy some ETH before using a decentralised exchange to swap it for EMAX coins.
It sounds complicated, but it’s a really quick and easy process in reality. Use the guide below to learn how to swap ETH for EMAX.
How to buy EthereumMax online – a step-by-step guideCopy link to section
Step 1. Find an exchangeCopy link to section
You will need to register with an exchange that lets you buy Ethereum. We recommend using Binance where you can buy Ethereum using GBP. Binance has lots of other coins available and is one of the best known crypto exchanges around.
Signing up with Binance is very easy and will take only a few minutes. You will have to enter your contact information and provide some identification documents, so its a good idea to keep a copy of your passport or other ID to hand. You can fund your account using a bank transfer or credit/debit card.
Step 2. Transfer ETH to crypto walletCopy link to section
Once you have your Ethereum you will need to transfer it to a crypto wallet. There are lots of wallets to choose from but the best option is MetaMask. You can use it right from your web browser using a Google Chrome extension.
When you transfer your ETH you will need your uniquie wallet address. Wallets are like bank accounts, only for crypto and addresses are like account numbers. The image below shows you where you can find your wallet address in MetaMask. Once you have your address click the ‘send to wallet’ button on BInance and follow the instructions.
Step 3. Connect your wallet to UniswapCopy link to section
EMAX is only available on decentralised exchanges and the best option to use is Uniswap. Head to the Uniswap home page and click the pink button in the top right corner which says ‘launch app’. Now click on connect wallet and you’ll be given a selection of wallets to choose from. Click on MetaMask and hit connect. You will now be able to access your ETH in Uniswap.
Step 4. Swap ETH for EMAXCopy link to section
Navigate to the ‘swap’ tab and select ETH from the first drop down list. In the second drop down you need to choose EMAX. Finally enter the amount of Ethereum you want to spend and the platform will show you exactly how much EMAX coin you will be able to get. If you’re happy with the amount you can execute your trade.
That’s all there is to the process. Although it seems strange at first, every crypto investor has to follow these steps at some point if they want to own smaller coins. Just sign up to Binance to get started.
How to trade EthereumMax – a step-by-step guideCopy link to section
The steps you need to follow to trade EthereumMax are the same as when you want to buy. Below is a short guide explaining how to trade EthereumMax.
Step 1. Find a brokerCopy link to section
EMAX is not available at brokers like eToro or exchanges like Binance. You will need to use a decentralised exchange such as Uniswap. The process of buying EthereumMax is exactly the same as we outlined in the how to buy guide above.
Step 2. Perform technical analysisCopy link to section
The most common way to analyse a cryptocurreny market is by using technical analysis (TA). This type of analysis can be as simple or complicated as you want. The easiest way to start is identifying support and resistance levels which you can use to help guide you when to buy and sell. Its also a good idea to learn how price charts work and how to read them.
Step 3. Start tradingCopy link to section
You should combine your own research with a look at the latest news in order to decide how to trade a coin. That information should influence whether you want to take a long (buy) or short (sell) position in EthereumMax.
Later, as you get more experience, you can introduce alternative strategies in order to try to make more of a splash.
Still undecided?Copy link to section
To help you come to a decision over whether EthereumMax is for you, we’ve pulled together all the pros and cons into the table below. After that, read on for a discussion on finding the right time to buy and what the future might look like.
ProsCopy link to section
- You can use EthereumMax to pay for event tickets
- There’s the potential to earn interest on the coins you hold
Finally, here are three more questions to help you decide whether to invest in EthereumMax.
1. Is it a good time to buy EthereumMax?Copy link to section
It might be better to wait for more information before you put money into EthereumMax. However, if you believe in the project or want to use the coins to pay for event tickets (particularly boxing), then it could be a good time to get some.
If you’d rather trade the coins to try to make a quick profit, then the fundamentals are less important. You want to consider the current price and analyse whether you can take advantage of its fluctuations. Below you can find our analysts’ expert advice to help you.
2. What problem does EthereumMax solve, and what are the coin’s investment prospects?Copy link to section
In theory it offers a way to put cryptocurrency to practical use, most notably spending on tickets to sporting events. There isn’t much substance explaining how that’s going to work just yet, though.
Its investment prospects depend entirely on how quickly it releases that substance. The company’s road map includes a lot of steps, like an audit and the white paper, along with an NFT marketplace, that could transform it into a viable cryptocurrency. Until that information comes out into the open it’s hard to judge the project.
For that reason it pays to be cautious. If you do decide to invest, only put a small amount of money into it and pay close attention to the EthereumMax website and social channels so that you know as soon as it releases more details. You can also use our latest news links below to help with that.
3. Do you want to hold EthereumMax for the long term?Copy link to section
Sometimes that’s the right move, while at others it’s better to get in and out quickly. It depends on your goals and abilities, as well as the state of the market as a whole. Here are a couple of final considerations, depending on which camp you fall into.
Considerations for a long term investment strategy
If you expect the EthereumMax price to keep rising over time, then the best bet is to get some coins right away. Find an exchange to do so and then consider getting a wallet to store the coins.
Considerations for a short term trading strategy
Short term traders don’t need to worry about the fundamental strength of a coin. Instead, focus on technical analysis of the price, then choose a broker that charges low trading fees.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >