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How To Buy MaidSafeCoin Online in 2022

Last updated 13th May 2022
Disclosure

MaidSafeCoin is part of a more significant project to create a decentralised but safe internet. This year, the value of one coin surpassed $1 for the first time since 2015, resulting in many crypto enthusiasts developing an eager eye to see if it’s worth buying.

Before you purchase MaidSafeCoin, it’s worth doing a little research. And if that’s what you’re doing at the moment, you’re in the right place. On this page, you’ll discover where to buy MAID and whether it’s safe to do so. We’ll also talk about how you can store the coin, and much more.

Best brokers to buy MaidSafeCoin in 2022

When you’re ready to buy MaidSafeCoin, you’ll find a selection of platforms on which to purchase the currency. To help you pick the best option without having to spend hours researching, we’ve listed the best providers below.

What is the difference between buying and trading MaidSafeCoin?

To those who aren’t familiar with cryptocurrencies, buying and trading are often used interchangeably. However, they are not exactly the same thing. Below is a brief outline of the key differences.

Buying MaidSafeCoin:

  • You own the coins outright after purchasing.

  • You can store your coins in a wallet.

  • You will usually buy your coins from a cryptocurrency exchange.

Trading MaidSafeCoin:

  • You do not own the coins outright after buying.

  • You speculate on price movements and trade the underlying assets.

  • You do not need to store your assets in a wallet.

How to buy MaidSafeCoin online?

When you’re ready to buy MaidSafeCoin, doing so is relatively straightforward. Follow the steps below:

  • Find a cryptocurrency exchange that allows you to buy MAID.

  • Sign up for an account and pass any necessary know-your-customer (KYC) checks.

  • Fund your account.

  • Buy your coins and store them in a wallet.

How to trade MaidSafeCoin?

Getting started with trading MaidSafeCoin is a little different from buying it. However, everything is still fairly straightforward if you follow these steps instead of the ones written above:

  • Find a broker that lets you trade MAID.

  • Sign up for an account and pass any required KYC checks.

  • After your account has been verified, add money using your preferred payment method.

  • Decide on your trading method. For example, you can try spread betting.

  • Buy the MaidSafeCoin assets.

What are the different ways to pay for MaidSafeCoin?

MaidSafeCoin isn’t available on as many exchanges as larger cryptocurrencies such as Bitcoin. As such, it’s important to consider the different ways to deposit money into your account and buy MAID, as they might not be the same as you’re used to.

Below, you’ll find the different ways you can pay for MaidSafeCoin.

Other cryptocurrencies

If you already own other cryptocurrencies, some exchanges will let you deposit into your account using these. You can also use them to directly exchange for MAID.

Pros

Instant transactions
Lower fees
More anonymous than some of the other payment methods on this list

Cons

Transactions are irreversible
You either need to have cryptocurrencies first or buy these with fiat money

Apple Pay

Apple Pay is arguably the most convenient payment method for depositing money into your account to buy MAID. After confirming how much you want to add, choose this payment option and verify the payment on your Apple device.

Pros

Instant transactions
Secure
Easy to use

Cons

You must have an Apple ID
Not accepted at every cryptocurrency exchange

Debit and credit card

Another simple way to fund your account for buying MAID is with your debit or credit card. All you have to do is select how much you want to deposit before choosing Visa or Mastercard as a payment option, and then enter your card details.

Pros

Easy to use
Widely accepted across most crypto exchanges
Relatively fast transactions

Cons

Higher deposit fees in most cases

Bank transfer

If you don’t want to share your card details, most cryptocurrency platforms will also let you add funds via bank transfer. Instead of picking a debit/credit card when you deposit, choose the option that will let you add money directly from your bank account.

Pros

Easy to use
Widely accepted
Secure transactions

Cons

Longer transaction times; you’ll normally have to wait 1-5 business days
Less anonymity than some of the other options on this list

What to consider when buying MaidSafeCoin

When buying MaidSafeCoin, you will have several things to consider. We’ve listed the most important of these below.

  • Coin Delistings: Many cryptocurrency exchanges in the US have delisted MaidSafeCoin, meaning you can’t buy the currency from them. In addition to having to look deeper to find the coins, it’s also worth remembering that others might do likewise in the future and you may have to find an alternative way to sell your coins.

  • Deposit Fees: When you add money to your account on a crypto exchange, you will usually have to pay a deposit fee. This will depend on the payment method you use and the platform you signed up for, so make sure you do prior research.

  • Volatility: MaidSafeCoin is a volatile currency, and prices can fluctuate significantly in little time. So, while you could generate large profits, you might also lose a lot of money.

  • Maker/Taker Fees: When you buy and sell cryptocurrencies, you must pay a maker or taker fee. Many platforms will tier these, and the percentages will drop if you trade higher volumes within a 30-day period.

  • Long-Term Holding: Long-term holding refers to keeping your coins for longer than 12 months because you see long-term opportunities. This is also known as holding on for dear life (HODL).

  • Short-Term Holding: Short-term holding means that you expect to sell your coins in less than 12 months.

Is it safe to buy MaidSafeCoin online?

The answer to this question depends on from where you buy your coins. If you use a reputable platform, then yes, it is safe to buy MaidSafeCoin online.

However, it’s important to remember that cryptocurrencies are frequently targeted by hackers, so you should take extra steps to safeguard your accounts. We’ve listed some of the things you can do below:

  • Enable two-factor authentication: Having two-factor authentication (2FA) on your accounts will ensure that if someone successfully guesses your login details, they still have to get past another layer of security. This might be something like verifying that it’s you via an SMS code.

  • Research common scams: To avoid scams, you must first be aware of them. Researching the most common scams will ensure that you will be able to spot the signs and stop scammers in their tracks.

  • Be careful when asking for advice: Generally speaking, you should try to stick to official websites and forums when asking for advice. If you use an unofficial website, we recommend that you pay extra attention when clicking on links and such.

  • Pass on only the necessary KYC documents: When you complete a KYC test, you’ll have to send proof of photographic ID, such as a passport or driving licence, as well as something that confirms your home address. Other than that, avoid sharing anything.

How to store MaidSafeCoin?

After buying MAID, we recommend that you store your coins in a wallet. Doing so will help you avoid losing them if a hack occurs to an online exchange.

Different kinds of wallets exist, and we’ve listed these below.

  • Hardware wallets: When you use a hardware wallet, your coins will be stored offline and you’ll keep your login details on a separate device.

  • Software wallets: Contrary to hardware wallets, software wallets keep your coins online. These are often known as “hot wallets”, whereas hardware and paper are known as cold wallets.

  • Paper wallets: When you use a paper crypto wallet, all of your codes will feature on a sheet. Like hardware wallets, your coins are stored offline.

How to sell MaidSafeCoin?

When you’re ready to sell your MAID coins, it’s a good idea to know what your options are. Below, we’ve listed the different ways you can do so.

Cryptocurrency exchanges

If you created an account with a cryptocurrency exchange, you might choose to sell your MaidSafeCoins there. Move them from your wallet onto the platform and submit a selling order. You shouldn’t have to wait long for everything to be completed.

P2P platforms

Peer-to-peer (P2P) platforms are an excellent way to quickly sell your MAID coins. In some cases, you can use this method to sell for cash. When you sell via a P2P exchange, another user will purchase your coins from you.

Is it worth buying MaidSafeCoin right now?

MaidSafeCoin surpassed $1 in May 2021 but has since dropped quite significantly. Although the project is an interesting proposition, especially in an era in which many users question their online security, it has become quite difficult to purchase MAID.

Unless you truly believe that the currency will yield results for you, we recommend looking at other options.

Conclusion

MaidSafeCoin is a little trickier to purchase than other cryptocurrencies, but it is by no means impossible to do so. In light of everything we’ve discussed here, we recommend that you use one of the platforms listed in the table to purchase MAID. It is also a good idea to buy your coins using another cryptocurrency since you’ll pay lower fees and complete the transaction faster.

FAQs

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Amala Pillai

Amala Pillai

Amala is custom content and news editor based in London. She is a former financial journalist based in Singapore with 7 years of experience covering a range of business and financial topics. Now she focuses on crypto and macro-economics. She has also covered feature profiles, tech, business politics and ESG— she was the Environment Editor for the Solutions Newspaper, 2016 and worked in an editorial capacity at both News corp (Dow Jones) and JBN. She also has experience as a content creator, strategist and brand editor for various financial institutions and banks.