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How to Buy MaidSafeCoin in 2020: Buy, Sell & Trade

MaidSafeCoin (MAID) is a cryptocurrency created by MaidSafe, a company that wants to revolutionise data storage.

Where to buy MaidSafeCoin

Read on to find out more about MaidSafeCoin in 2020 or skip ahead to our step-by-step buyers guide if you’re up to speed and ready to invest.

Coinmama
Key Features
Safe & Secure cryptocurrency exchange
Easy Intuitive interface
Impressive limits
Liquidity Accepted in over 200 countries
Min Deposit
€60
Russian Federation
Key Features
Safe & Secure cryptocurrency exchange
Easy Intuitive interface
Impressive limits
Liquidity Accepted in over 200 countries
Top Coins
  • Bitcoin
Payment Methods
Debit Card
Coinmama is a bitcoin broker based in Israel. They specialize in selling bitcoins for credit card to nearly anyone in the world.
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
€1
Russian Federation
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
  • Bitcoin
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
eToro
Key Features
Access the world’s most popular Crypto assets including Bitcoin
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options
Min Deposit
€200
Russian Federation
Key Features
Access the world’s most popular Crypto assets including Bitcoin
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options
Top Coins
  • Ethereum
  • NEO
  • Cardano
  • Bitcoin
  • Stellar
Payment Methods
Credit Card, Debit Card, Wire Transfer, PayPal, Skrill, Neteller, Yandex, WebMoney, UnionPay, MoneyGram
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, Crypto, ETF’s, indices and commodities. eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
eToro is a multi-asset platform which offers CFD and non CFD products. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Bitpanda
Key Features
Fully automated platform with instant transactions
A wide variety of payment options
Good for beginners
Min Deposit
€1
Russian Federation
Key Features
Fully automated platform with instant transactions
A wide variety of payment options
Good for beginners
Top Coins
Payment Methods
Visa, Mastercard, Neteller, Skrill, Sofort, Giropay, EPS, Credit Card
BitPanda is a Bitcoin broker based in Austria. It offers a wide range of payment methods and has good prices.
Coinbase
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Min Deposit
€2
Russian Federation
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Top Coins
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

What is MaidSafeCoin?

To unpack MaidSafeCoin (MAID), we first need to understand its founders’ vision for data storage, privacy and security. This UK-based company has implemented the SAFE Network – the world’s first autonomous data network to use a proof of resource algorithm. 

Created in 2006, the MaidSafe network has since been developed to become one of, if not the safest network in existence. It works by utilising the hard drive space, internet connection and processing power of the machines on the network. 

How does MaidSafeCoin work?

MaidSafeCoins are earned by users who offer up their hard drive space and the processing power of their devices for other users to access. The earned coins can then be used to pay for additional space and processing when needed. 

The MaidSafe network has been designed to offer a decentralised way for users to store their data away from the eyes of corporations. In an ideal world this would be unnecessary, but, in a digital landscape overcome by data leaks and targeted advertising, a solution that protects its users – like the MaidSafe Network purports to do – becomes a compelling proposition. 

How to buy MaidSafeCoin online – step-by-step guide

Step 1. Get a suitable wallet

The best way to keep your cryptocurrency safe is to use a cryptocurrency wallet. Due to the nature of this niche coin, there aren’t many compatible wallets available. However, the best way we’ve found for storing MaidSafeCoin funds is Omni Wallet. Combining ease-of-use and security, this web-based wallet gets our vote.

Step 2. Find a MaidSafeCoin exchange

If you don’t have the time or energy to earn MaidSafeCoins (and let’s face it, who has?), it’s easy to jump online and buy them in exchange for some good old Bitcoin (you can’t currently buy MAID for fiat currency). There aren’t loads of places to buy MAID, but we found a couple of trustworthy exchanges you should check out: 

  • Bcbitcoin: Based in the UK and offering an impressive line-up of coins, Bcbitcoin is a great place to start if you’re looking to buy a niche cryptocurrency like MaidSafeCoin. 
  • Coinswitch: When you want an easy-to-use exchange that’s also reputable, look no further than Coinswitch. You don’t need to set up an account to use Coinswitch, so you’ll be buying in no time. 

Step 3. Withdraw your MAID

Once you’ve acquired your funds, it’s a good idea to withdraw them from the exchange as it’s safer to store cryptocurrency in a wallet. 

How to trade MaidSafeCoin – step-by-step guide

If you’re not looking to buy and own currency there’s no point setting up a wallet. When trading, all you’re doing is looking to make a profit by speculating on the rise and fall in value of your chosen cryptocurrency. 

Step 1. Find a broker

The first thing to do when you want to trade cryptocurrency is to find a reputable broker. There aren’t many brokers who work with MaidSafeCoin, so you might have to do some digging. Our first ports of call are usually Plus500 and eToro. 

Step 2. Deposit money

Once you’ve selected your broker, you’ll need to make a deposit. It’s worth taking some time to familiarise yourself with the platform. The best way to do this is by setting up a demo account and testing the water in practice mode. 

Step 3. Decide how you’d like to trade

The two main ways to trade crypto are spread betting and CFDs (contracts for difference). They’re fairly similar in that they both require you to take a position on your chosen currency – essentially predicting whether it will rise or fall in value. There are differences, however, so it’s worth doing some research on spreads and CFDs to decide which approach you prefer. 

Step 4. Start trading

Once you’ve used your demo account to familiarise yourself with your chosen broker platform and you feel sufficiently confident to start trading for real, you can set up your live account. But be warned, cryptocurrency trading can catch you off guard. Most coins are, fairly volatile, so money can be won or lost very quickly.

In a nutshell, what you’re doing when trading a cryptocurrency is trying to predict whether its value will go up or down over a set period of time. If you think it will go up you take a long (buy) position and if you think it will go down, you take a short (sell) position. 

Experienced traders can also opt to take advantage of leveraged trading, a popular feature of currency trading that allows you to dramatically inflate the value of your trade by paying a fraction upfront, in the form of a ‘margin’, and effectively borrow the rest.  Needless to say, this is a risky approach. Savvy traders manage their risk by putting stop-loss orders in place to limit their potential losses.

Still undecided?

Pros of MaidSafeCoin
  • The MaidSafe network is incredibly secure. Some have claimed it’s immune to attacks and almost impossible to hack
  • The MaidSafe network is the first of its kind
  • The network doesn’t use servers to store data
  • MaidSafeCoin could be one to watch in the future
Cons of MaidSafeCoin
  • You can’t currently exchange fiat currency for MAID
  • Niche coins tend to suffer from a lack of support
  • MAID isn’t readily accepted as payment outside of the MaidSafe network
By Harry Atkins
Harry joined us in 2019 to lead our Editorial Team. Drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the finance sector encompasses work for high street and investment banks, insurance companies and trading platforms.

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