Why buy Merit Circle with Kraken?

What can you do with Merit Circle?

Swap Merit Circle for other assets

Learn more about Merit Circle

1. How does Merit Circle work?

   Unlike traditional currencies, Merit Circle is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Merit Circle. This decentralization means the holders and users of Merit Circle can help to maintain the network.

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2. Where can I buy Merit Circle?

   Most find that the easiest and most secure way to purchase Merit Circle is through a reliable cryptocurrency platform like Kraken. While Merit Circle can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Merit Circle.

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3. How much does it cost to buy 1 Merit Circle?

   At the current market rate, it costs $0.25 to purchase one MC. Kraken makes it easy to buy & sell Merit Circle with confidence.

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4. Can I buy $100 worth of Merit Circle?

   Yes, Kraken offers a secure and easy to buy $100 worth of Merit Circle. At its current price, $100 equals 397.95 MC.

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5. Is Merit Circle safe to buy?

   The Merit Circle price can change dramatically based on market conditions. You should do your own research on Merit Circle before buying.

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6. Is Merit Circle available to buy and sell in my country?

   To find out if Kraken offers Merit Circle in your region, please check our Support article to see what cryptoassets are available in your country.

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7. Is Merit Circle a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Merit Circle may be a worthwhile purchase.

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8. Can I purchase Merit Circle using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. What are the transaction fees for buying Merit Circle?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Merit Circle I can buy?

    You can buy as little as $10 worth of Merit Circle on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Merit Circle regularly.

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11. Can I buy Merit Circle with a debit card?

    You can buy Merit Circle using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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12. Can I buy Merit Circle with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Merit Circle using hundreds of other cryptocurrencies. Browse the Merit Circle markets available on Kraken to see how much it costs to buy Merit Circle with other cryptocurrencies.

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13. How can I keep my Merit Circle safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Merit Circle. When you choose to keep your Merit Circle on Kraken, it is secured by our globally-recognized security standards.

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14. Will I owe taxes when buying and selling Merit Circle?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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15. Can I transfer Merit Circle from Kraken to my crypto wallet?

    Yes, the Merit Circle you buy on Kraken is yours. Kraken makes it easy to withdraw your Merit Circle to any hot wallet or cold wallet that supports Merit Circle. Simply enter the external wallet address and your Merit Circle will be in your wallet a few moments later.

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16. Is it safe to leave my Merit Circle on Kraken?

    We take every measure possible to keep the Merit Circle you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Merit Circle. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Merit Circle?

    The current circulating supply of Merit Circle is 11,908,751 MC.

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