If you have any interest to buy MetaMUI (MMUI), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
There have been several phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the website keenly. First, be on the lookout for the ‘Secure’ certificate that should pop up in your address bar and that acts as a confirmation of the site’s genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches.
1.2 Fill in your trading details
You have to fill in your details by going to the ‘’Register” tab found in the right-hand corner of the website’s page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
You also need to choose a strong password for your email; a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your account’s verification code and for completing the registration process.
1.3 Allow 2FA-Two-factor authentication (Optional)
To make your account more secure you need to allow use of a two-factor authentication after your first log in. Trust me; it is vital to set up the 2FA because it makes your account more secure from any hacking activity!
Every time you log in with the two-factor authentication, you will need to provide a unique code once your type in your email and password. To get your unique code, use the Google authenticator app downloaded into your smartphone.
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, I will guide you on how to use your credit card.
Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
I highly recommend buying Bitcoin first and then trading it for the right amount of MetaMUI (MMUI).
It is easy to purchase Bitcoins via your credit card but I will elaborate on best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
Lastly, your personal document will be approved once verified by the system and an email send to show the confirmation of order purchase. Subsequently, your Binance account is credited with the purchased BTC or Ethereum.
Step 3: Transferring Your Cryptos to an Altcoin Exchange Huobi
Now let me show you how to MetaMUI (MMUI) using your investment from Binance.
But not every crypto can be traded in Binance we need to transfer our coins to an exchange that MetaMUI (MMUI) can be traded.
I will show you how to use Huobi which is a famous exchange to trade altcoins. We will use the link below to register your new account.
Once you have completed similar processes as you have done before with Binance you are ready to transfer our Bitcoins.
Step 4: Depositing BTC to Exchange
After you have created your trading account setup at one of the exchanges that trades MetaMUI (MMUI), you will need to transfer your BTC from Binance to that specific exchange.
Usually done through a wallet system. to huobi deposit move your mouse over to “Balances” on the top right and click “Exchange Account”. Look for “BTC” from Token section and copy the given “Deposit Address”
To do this part may be a little difficult but don’t worry, it is easier than a bank transfer. Then copy your unique BTC wallet address and go back to Binance.
Then move your cursor to “Wallet” on the right hand side of the topbar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”. Look for BTC in the list and click on “Withdraw” on the right hand side.
You have to paste the deposit address you just copied from the other exchange and select BTC as the transfer network. Type down the amount that you want to withdraw (you may click the Max button if you want to withdraw all).
Next, click on the Submit button to begin with the withdrawal process. To proceed with the withdrawal, Binance may ask you for your 2FA code and also you will have to confirm the withdrawal with an e-mail.
That’s all, now you should wait for a while so that the blockchain to confirm your transaction.
Step 5: Trade MetaMUI (MMUI)
Now you have to go back to Huobi to buy MetaMUI (MMUI) with the Bitcoins you sent.
Move your mouse over “Spot Trading” and click “Exchange” then you will see trading menu. Look for huobi trade in the left column make sure to select “BTC” pair and in the search bar type in “MMUI”.
After you move your coin click on it and now you will see a price chart of MMUI/BTC in the middle of the page. Select the “Market” tab as that is the Easiest way of buying orders.
Also, you can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons.
Once you have confirmed everything, click “Buy MMUI”. Now you own your MMUI!
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever MetaMUI gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store MetaMUI securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your MetaMUI for some long time, you need to find ways to ensure it stays safe safe,
However Binance is the most safe cryptocurrency exchange, in the past few years there have been hacking incidents and funds were lost. Because of the design of the wallets in exchanges, they will be accessible always via the internet (“Hot Wallets” as they are called), therefore exposing certain aspects of weaknesses.
Thus safeguard your cryptos by putting them in “Cold Wallets”, where the wallet will only have access to the blockchain(or simply “go online”) when you send out funds,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of free cold wallet. It can also be defined as an offline-produced pair of public and private address and that you write on a paper for keeping safely with you. But, it is not permanent and may be faced by certain risk.
Thus, Hardware wallet is therefore the best compared to cold wallets. Since they are usually USB-enabled devices that can hold the key information of your wallet in the safest manner. Also they are designed using military-level security and their firmware’s are continuously upgraded by their manufacturers and this makes them extra safe to use. For example, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $50 to $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy MetaMUI with cash?
The answer is No. Because there is no way you can directly buy MetaMUI with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin exchange. It is more of a marketplace where users can buy and sell Bitcoins to and from each other. Users, known as traders, make advertisements to show their price and the payment method they want used. Then buyers buy from the traders to buy from sellers in a particular nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite payment methods somewhere else. The site’s prices are high and you have you have to be extra careful to avoid conmen.
What are the quickest ways I can buy MetaMUI while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and quick way. Because Europe has even online banks which help buyers to simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Such banks which are common as online banks in Europe are Bunq, N26 and Revolut.
Can I use alternative platforms to purchase MetaMUI or Bitcoin with credit cards?
Yes you can, you just need to visit Changelly which an easy to trade in site especially when it comes to buying Bitcoin with credit cards. It provides an automatic cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit card. It has been designed to allow users to have easy crypto buying since it has a simple user interface and provides instructions that are easy to follow too.
About MetaMUI (MMUI)
MetaMUI is a permissioned public blockchain network that many central banks, commercial banks, and other financial institutions can publish their CBDC(central bank digital currency)s. MetaMUI is also an identity-based meta-blockchain that uniquely solves the CBDC design trilemma of privacy, identity, and programmability. By decentralizing both identity and multi-ledger mechanisms, MetaMUI uniquely positions itself as an enabler of privacy-preserving CBDC that is fully compliant with financial regulations. MetaMUI is the first true peer-to-peer digital cash that can confirm the transaction without requiring either blockchain consensus or the mediation of a central server. With its true peer-to-peer nature of digital cash, MetaMUI can out-perform both centralized account-based digital payment and blockchain token-based digital payment. It can achieve more than 1 million transactions per second. MetaMUI is the first blockchain that solves the serialized operational structure of the blockchain consensus process. MetaMUI can process transactions in parallel, independently. With this decentralized operation capability, MetaMUI can achieve virtually unlimited scalability simply by adding more and more nodes to the network. It is one of the technological candidates to implement the World Reserve Currency that can serve the entire humanity. In short, MetaMUI is a mainnet coin that fuels the MetaMUI network and supports the MetaMUI blockchain development. It is a future value-backed coin. It is designed as a deflationary coin that accumulates and continuously increases the backup assets of MetaMUI from the project incomes of MetaMUI Network. Project income sources of MetaMUI Network are CBDC publication license and usages fees, NFT(Non-Fungible Token) and NFT contents publication fees, Tokenized Asset publication and trading fees, SSID(Self Sovereign Identity) related Verifiable Credential publication and verification fees, and more.
Who are the Founders of MetaMUI?
MetaMUI Blockchain was jointly developed by SovereignWallet Network and the University of Southern California Viterbi School of Engineering. The founders of the MetaMUI project are Phantom Seokgu Yun and Frances Kim, PhD. both are from USC. From the USC, Prof. Bhaskar Krishnamachari and Prof. B. Clifford Neuman joined as research advisors.
Phantom Seokgu Yun studied computer science under the supervision of Prof. Neuman, the inventor of NetCheque and NetCash protocol, a pioneering digital cash research project. NetCash project had received DARPA(Defense Advanced Research Promotion Agency) fund from the Department of Defense of USA.
As a top security expert in Korea, Phantom architected a key security software during the G20 Summit in Korea in 2010. The previous company that he founded provided security software to eBay Korea, KaKao, Samsung Electronics, Samsung Life Insurances, SK Telecom, LG Telecom, KOSCOM, Yahoo Japan, Rakuten, and other government, intelligence, and military organizations. Phantom is an expert in Distributed Operating System, Digital Money, Machine Learning, and Computer Architecture.
Phantom is a digital currency expert in Digital Euro Association. He has written various articles in Cointelegraph and appeared in many media outlets and crypto conferences as the main speaker. He also published numerous research papers on leading crypto conferences. He holds dozens of patents related to identity-based blockchain, meta-blockchain, inter-blockchain atomic swap, etc.
Dr. Frances Kim is a leading behavioral economist. Her research interest includes tokenized security, digital economy, asset tokenization, including NFT(Non-Fungible Token)s. She has worked with various corporations in Korea and the US as a consultant.
What makes MetaMUI unique?
MetaMUI is the 4th generation blockchain and hybrid blockchains that solves the design trilemma of CBDC and the blockchain itself. MetaMUI completely redesigned the blockchain from the concept of identity. By adopting decentralized identity technology called self-sovereign identity and marrying with blockchain token technology, MetaMUI uniquely positioned itself as a fusion technology that can serve both the crypto and traditional financial communities. The followings are MetaMUI’s unique value propositions.
Identity-based ownership – To achieve anonymity, current cryptocurrency binds the ownership of the asset to the private key that is generated and managed by the user. For this reason, cryptocurrency becomes easily hackable, and even with a simple mistake from the user such as forgetting the corresponding mnemonic words or the backup copy of the private key, entire crypto assets such as Bitcoin or Ethereum can be completely lost or stolen. MetaMUI solved this critical problem. MetaMUI binds the ownership of the asset to the identity of the user, not to the private key. Therefore, in case of a lost or stolen private key, MetaMUI can reset the private key with a new key after the proper identity verification. Since SSID (Self-Sovereign Identity) is a decentralized identity system and the user’s private information is never stored on the blockchain, it is much more secure in terms of both privacy protection and identity verification.
True Peer to Peer Digital Cash with more than 1 million transactions per second performance – Even though Satoshi Nakamoto claimed that he invented peer-to-peer electronic cash, Bitcoin and other cryptocurrencies are not peer-to-peer cash. Cryptocurrency requires a consensus protocol. This means a kind of agreement from the nodes in the network is required to complete the transaction. Bitcoin didn’t eliminate the middle man. Instead, it created numerous middle man in between the two transacting peers. Bitcoin is not peer-to-peer since two peers can not complete the transaction with the agreement from the nodes in the Bitcoin network. MetaMUI is the inventor of the True Peer to Peer Digital Cash. MetaMUI’s digital cash can transfer the value between peers without requiring consensus or mediation of a centralized system. Since transactions can be confirmed between peers, MetaMUI is the fastest payment system with more than 1 million transactions per second.
Offline Payment – Because of consensus protocol, cryptocurrency and other blockchain-based digital currency assume the Internet connection is available to process the payment. Therefore it was not possible to implement offline payment with blockchain technology. MetaMUI is a revolutionary blockchain technology that has achieved offline payment. With the true peer-to-peer payment structure of MetaMUI, two transacting peers can process payment through the near-field communication capability of smartphones without requiring an Internet connection.
Unlimited Scalability – Blockchain is structurally decentralized but it has serialized and centralized operations. Entire nodes of the blockchain form a virtual single computer and process the transaction one by one. Because of this, it is very difficult to design a high-performance payment system with blockchain technology. MetaMUI breaks this limitation by implementing a parallel and independent transaction processing structure. Since each Bank Node (MetaMUI’s blockchain node) can process the transaction in parallel and independently, by simply adding more and more nodes, MetaMUI can process an unlimited number of transactions per second. With MetaMUI, you can devise a digital cash system that can be used by millions of IoT(Internet of Things) devices in the future.
Meta-Blockchain with multi-ledger structure – Many early generation blockchain such as Ethereum uses single ledger to hold all tokens generated on the blockchain. MetaMUI comes with multi-ledger architecture. Each token generated by the Central Bank Node of MetaMUI will have a dedicated separate ledger to the only record that specific token-related transactions. Also on MetaMUI, you can generate tokens and digital currencies without requiring any kind of smart contract programming. You can just use the proven built-in libraries to generate new digital currencies and tokenized securities by simply setting the parameter. Also, the Central Bank Node that generated specific digital currency has full control over that digital currency.
Verifiable Credentials – On MetaMUI Network, central banks, commercial banks, and other financial institutes can create public DID(Digital Identity) and issue VC(Verifiable Credentials)s. VCs are digital certificates signed by the central bank or other financial institutes. VC’s digital signature can be verified by the decentralized public key infrastructure (Blockchain PKI) inside the Identity Blockchain of MetaMUI. This VC structure uniquely solved the so-called Oracle Problem, providing cryptographically provable real-world data to MetaMUI Network.
Pairwise Trust – MetaMUI is a pioneering implementor of Pairwise Trust of the Self-Sovereign Identity. As a working permissioned public SSID Network, MetaMUI has uniquely positioned itself as a trustworthy single-sign-on system for the entire digital world. Unlike federated authentication systems such as Facebook login or Google login, MetaMUI’s pairwise trust lets the user manage their private information by themselves, therefore there’s an extremely low possibility of massive private information leakage or abuse. Also in the current authentication system, only the user verifies himself or herself to the system. However, in pairwise trust, both user and the system cryptographically verifies identity to each other. This eliminates the need for users to remember the complex user IDs and password combinations for multiple sites. With a single SSID of MetaMUI, you can securely and conveniently login to multiple systems without requiring a password.
Mobile Full Node – MetaMUI is one of the first blockchain projects to implement a full blockchain node on a mobile device. This creates the possibility of turning every user into blockchain node operators. This is a true decentralization of the blockchain in terms of token economics. Users can earn by just running the MetaMUI node on their smartphone and receive token incentives.
Future value-backed coin – MetaMUI is one of the first implementations of the concept of the future value-backed coin. From the startup, MetaMUI designed various profit structures of MetaMUI Network. Many real-world financial institutes will publish CBDC, hybrid CBDC, synthetic CBDC, stable coin, tokenized securities, NFTs, etc and they will pay the license fees and operation fees to MetaMUI Network. This will become the backup asset to sustain the value of MetaMUI for years to come.