How & where to buy EthereumMax (EMAX) online
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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?
EthereumMax is an altcoin that’s not as popular as some others so its not available on regular exchanges like Binance or Coinbase. You will have to perform a ‘swap’ to get EMAX.
To buy EthereumMax you will need to use a decentralised exchange (DEX) such as Pancakeswap or Uniswap. You can’t use fiat currency like GBP or USD on a DEX so you will first have to buy a coin like Ethereum before swapping it for EMAX. The process sounds a little complicated, but dont worry, its not and you can use the guide below for the exact steps you need to follow.
How to buy EthereumMax online – a step-by-step guide
Step 1. Find an exchange
The first step you need to take is finding an exchange where you can buy Ethererum which you will later swap for EMAX. We recommend Bianance. Its one of the best known crypto exchanges around and is very simple to use.
Before you begin you will need to create an account with Binance. Just head over to its homepage and follow the on screen instructions to register an account. Make sure you have a form of ID with you as it will be required during the verification stage.
Step 2. Transfer ETH to crypto wallet
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 Uniswap
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 EMAX
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 youc an execute your trade.
How to trade EthereumMax – a step-by-step guide
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 broker
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 3. Perform technical analysis
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 4. Start trading
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?
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.
Pros
- You can use EthereumMax to pay for event tickets
- There’s the potential to earn interest on the coins you hold
Cons
Finally, here are three more questions to help you decide whether to invest in EthereumMax.
1. Is it a good time to buy EthereumMax?
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?
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?
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.
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