Last update: Jun 6, 2022

How to Buy Metal (MTL)

So you’re looking for a guide on how to buy Metal. Depending on where you’re based, you’ll have different cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy Metal – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a crypto exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Metal of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency trading platforms.

4. Buy Metal

Now that you have what you need to buy Metal, head over to the market or buy section of the crypto exchange and buy some MTL.

If the crypto exchange doesn’t have any Metal on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Metal first), and trade your Ethereum for Metal.

Where to Buy Metal (MTL)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Metal

1. Sign into the crypto exchange where you bought Metal.
2. Move your Metal to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell Metal.

 

How to Buy Metal (MTL) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Metal in Australia, the process remains the same:

1. Find a cryptocurrency trading platform below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy Metal if it’s available. If the exchange doesn’t have Metal. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Metal), and trade your ETH for Metal.

Alternatively, if you want to know more about the exchanges we recommend, look at our list of the cryptocurrency trading platforms in Australia.

How to Buy Metal (MTL) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Metal in Canada, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy Metal if it’s available. If the exchange doesn’t have Metal. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Metal), and trade your ETH for Metal.

Also, check out our comparison of the best platforms to buy cryptocurrency in Canada If you’re curious to know more about which ones we like.

How to Buy Metal (MTL) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Metal in the UK, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy Metal if it’s available. If the exchange doesn’t have Metal. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Metal), and trade your ETH for Metal.

Or, if you’d like to know more about the exchanges we prefer, read our list of the best cryptocurrency brokers in the UK.

Considering buying Metal? MTL Rundown

Metal (MTL), the native currency for Metal products, is an integral part of the Metal ecosystem. According to the team, Metal Pay makes it easy to send and receive any cryptocurrency to friends. Users pay no fees for sending, receiving, buying or selling MTL.

Metal Pay users are able to pay significantly lower fees for other cryptocurrencies if their MTL is also held. Anyone who has 10,000 MTL will get 0% fees. Metal Pay was created with MTL in mind. It is highly beneficial and useful.

Users can pay the Metal X fee in MTL to reduce their fees. Users can also receive loyalty benefits by holding MTL within the Metal X exchange.

Metal (MTL), a cryptocurrency token currently operating on the Ethereum platform, will soon be available on the native Metal Blockchain: Proton. MTL will be launched on Proton, opening up new on-chain utility opportunities for MTL

Related:

• How to Buy Merit Circle (MC)
• How to Buy Mina (MINA)