How to Buy Myro Coin – Easy Guide for 2024

Kane Pepi
Last updated: | 13 min read
Buy Myro coin

Myro is an up-and-coming meme coin built on the Solana network. With a market capitalization of just $75 million, could Myro Coin be the next Shiba Inu?

In this guide, we explain how to buy Mryo Coin in under five minutes. We’ll also discuss Myro’s upside potential in the coming months, alongside the risks that must be considered.

How to Buy Myro Coin – Quickfire Tutorial


Here’s a quick step-by-step walkthrough on how to buy Myro Coin in 2024

  • Step 1: Decide Where to Buy Myro: Myro Coin trades on various exchanges, although not all offer a good user experience. Overall, we like MEXC. It offers a safe place to buy Myro and doesn’t charge trading commissions. Plus, you can easily pay for Myro Coins with a debit/credit card. Other options include Raydium and ByBit.
  • Step 2: Assess How Much to Invest in Myro: As a volatile and speculative meme coin, Myro is a risky investment. Consider how much you’re prepared to lose before proceeding. Fortunately, Myro is also a cheap cryptocurrency, so you can buy several thousand coins without risking too much.
  • Step 3: Research the Risks and Rewards: You’ll want to do some research before buying Myro Coin. Read its whitepaper, assess its use cases, and evaluate where Myro is likely to be in the coming months and years. You can also analyze Myro’s pricing chart on CoinMarketCap.
  • Step 4: Register With a Crypto Exchange: Now that you’re aware of the risks and rewards, you’ll need an account with an exchange that lists Myro. Most exchanges, including MEXC, only require an email address or mobile number. However, if you’re looking to invest with fiat money, you’ll also need to complete a quick KYC process.
  • Step 5: Add Funds to Your Account: The next step is to add some investment funds to your exchange account. MEXC accepts Visa, MasterCard, local bank transfers, and a selection of e-wallets. Make sure you’re aware of deposit fees and that you meet the minimum requirement.
  • Step 6: Set up a Myro Trading Order: You’ll need to place an order to buy Myro. Search for ‘Myro’ and type in the number of coins you want to buy. Make sure your account balance covers the investment size. Confirm the order. The exchange will execute it at the next best available price. That’s it – you’ve just bought Myro Coin.
  • Step 7: Store Myro in a Private Wallet: Finally,. you’ll want to store your Myro Coins in a private wallet, rather than leave them in an exchange. Choose a secure wallet that’s compatible with the Solana network. Provide the exchange with your unique wallet address and confirm the withdrawal.

How to Buy Myro Coin – Full Step-by-Step Guide


The quickfire guide above might not be sufficient for beginners. Read on for a more detailed tutorial on how to buy Myro Coin.

Step 1: Decide Where to Buy Myro Coin


The first step is deciding where to buy Myro Coin. Like many new cryptocurrencies, Myro Coin is listed on a limited number of exchanges. This means you have fewer options when compared to established meme coins like Shiba Inu and Dogecoin. Nonetheless, there are some solid options in the market.

  • For instance, MEXC allows you to buy Myro Coin without paying any trading commissions.
  • Not only will MEXC save you money but it also offers a convenient way to invest. This is because you can deposit funds with a debit/credit card.
  • Depending on where you live, you might also be able to deposit funds with an e-wallet or local bank transfer.
  • Most importantly, we consider MEXC a safe place to buy Myro.
  • According to CoinMarketCap data, MEXC has more than $1.8 billion worth of proven reserves. Most are held in liquid cryptocurrencies like Bitcoin and Tether.

 

However, MEXC isn’t available in all countries, including the US. As such, you might need to consider an alternative option.

Other reputable exchanges that currently list Myro Coin include:

  • Bybit: A trusted crypto exchange with low trading fees and fast execution speeds. Bybit offers premium liquidity, high leverage limits, and advanced pricing charts.
  • KuCoin: Over $5 million worth of MYRO/USDT was traded on KuCoin in the prior day. In addition to huge trading volumes and liquidity, KuCoin offers competitive commissions.
  • Orca: One of the best decentralized exchanges on the Solana network, Orca allows you to buy Myro Coin anonymously. However, you’ll need some SOL coins before you can invest.

Step 2: Assess How Much to Invest in Myro


You’ve decided where to buy Myro Coin. Next, you’ll need to decide how much to invest. There’s no right or wrong amount in this regard. It’s all about how much risk you’re willing to take.

A word of warning – Myro Coin might be a popular meme coin. However, it has a market capitalization of under $75 million. This means that Myro Coin is one of the most volatile cryptocurrencies to trade. Although unlikely, there’s also the chance that Myro’s price could drop to zero. In this instance, you’d lose your entire investment.

Taking all of this into account, we’d suggest keeping your Myro investment stakes to a minimum. For instance, suppose you’ve got $1,000 to invest in cryptocurrencies. It wouldn’t be wise to invest more than 5-10% of this into Myro. The balance can be used to diversify into other meme coins, such as Bonk, Shiba Inu, or Floki.

Additionally, Myro Coin currently trades at just over $0.08. So, even if you only invest $100, you’d still get 1,250 Myro Coins.

Still not sure how much Myro to buy? Check out the table below to see how many coins you’ll get today:

Total Investment Number of Myro Coins
$10 125
$50 625
$100 1,250
$250 3,125
$500 6,250
$1,000 12,500
$2,000 25,000
$5,000 62,500

Step 3: Research the Risks and Rewards


Established cryptocurrencies like Bitcoin and Ethereum are considered risky. Now consider a brand-new meme coin like Myro Coin – which has limited use cases or utility. Not only is Myro Coin volatile, but its value is based on market speculation. Moreover, Myro Coin has a market capitalization of just $75 million.

This means it experiences wild pricing swings, largely because of a lack of liquidity. Therefore, make sure you understand the risks before buying Myro Coin. You could lose some or even all of your investment stake.

All that said, while Myro Coin is a high-risk asset, it also offers the potential for high returns. And rightly so; if you’re taking on increased risk, you should expect a higher profit potential. Crucially, Myro Coin’s low valuation means gains of 50x or more are possible. However, this isn’t guaranteed.

Myro Coin price chart

We’d also suggest evaluating Mryo Coin’s pricing history. This can help you understand common trends, as well as support and resistance levels.

For example, Myro Coin was valued at just $0.004163 when it launched last year. Within two months of trading, Myro Coin had increased by almost 12,000%. Today, Myro Coin trades over 1,900% above its initial listing price. However, this is almost 70% below its all-time high of $0.2607.

Step 4: Register With a Crypto Exchange


You should now have an idea of whether or not Myro Coin is right for your portfolio.

If you want to proceed with an investment, the next step is to open an account with a crypto exchange. We mentioned earlier that MEXC is the best option, as you can trade Myro Coins commission-free.

MEXC open an account

To register an account with MEXC, provide an email address or a mobile number. Choose a strong password to complete the registration process.

 

Step 5: Add Funds to Your Account


Now that you have an account with MEXC, you’ll need to make a deposit. This is similar to depositing funds into a stock brokerage account. However, MEXC doesn’t allow you to directly add fiat money. Instead, you’ll need to purchase an established cryptocurrency.

USDT is the best option. This is because you can swap USDT for MYRO. The conversion takes seconds to complete and you won’t be charged any trading commissions.

MEXC debit card deposit

So, the first step is to click ‘Debit/Credit Card’ (underneath ‘Buy Crypto’). You’ll need to choose your payment currency and the amount you want to deposit. In our example above, we’re depositing 1,000 GBP.

USDT should be left as the cryptocurrency being purchased. Click ‘Continue’ to proceed. Depending on the selected fiat gateway (e.g. Moonpay), you’ll be redirected to its website. This is because you’ll need to complete a KYC process.

This requires personal information and a government-issued ID. KYC should be completed in a couple of minutes, as everything is automated. You can then choose your preferred payment method, such as Visa, MasterCard, or Apple Pay. Type in the payment details and confirm the purchase.

Can I Buy Myro Coin Anonymously?

  • You won’t be able to buy Myro Coin anonymously if you want to use fiat money. This is due to anti-money laundering regulations.
  • You can, however, invest anonymously if you’re doing a crypto-to-crypto swap (e.g. SOL to MYRO) on a decentralized exchange.
  • This is because decentralized exchanges don’t collect personal information. You simply need to connect a wallet and complete a swap.

Step 6: Set up a Myro Trading Order


If you’ve followed our walkthrough up to this point, you should now have USDT in your MEXC account. The final stage of the tutorial requires you to swap USDT for MYRO.

Click on the ‘Spot’ button toward the top of the page. Type ‘Myro’ into the search box on the right-hand side. Select ‘MYRO/USDT’ when it appears.

Buy Mryo Coin on MEXC

You should now see the MYRO/USDT pricing chart. Below the chart, there is an order box. By default, it’s set to a ‘Limit’ order. Change this to a ‘Market’ order. Why? In doing so, your Myro order will be processed instantly at the current price.

Buy Myro on MEXC

Next, you need to specify the investment size. The easiest option is to use the slider, like in the image above. For instance, if you want to swap all of your USDT for MYRO, move the slider to 100%. Or, you can type in the investment amount manually.

After checking everything is correct, click the ‘Buy MYRO’ button to place your order.

Step 7: Store Myro in a Private Wallet


Now that you’ve bought Myro Coins, consider the next step. As explained by the Bank of International Settlements, leaving cryptocurrencies in a centralized exchange is risky. Put simply, your funds could be at risk if the exchange is hacked or it runs into liquidity issues.

So, the safest option is to withdraw your Myro Coins to a ‘private’ wallet.

Make sure it’s a non-custodial wallet, as this means you’re the only person to control the private keys. Put otherwise, nobody can access your Myro Coins without your say-so. There are many wallets to choose from. However, it must be compatible with the Solana network, which is what Myro Coin is built on.

Here are some options to consider:

  • Best Wallet: One of the best decentralized crypto wallets in the market, Best Wallet offers a safe and user-friendly experience. It comes as a mobile app and is protected by a PIN and biometrics. You can send and receive Myro Coins at the click of a button.
  • Zengo: A mobile wallet offering decentralized storage, Zengo doesn’t rely on a single private key. It distributes your wallet credentials across multiple servers. Zengo also supports decentralized applications in a secure environment.
  • Trust Wallet: Another mobile wallet to consider is Trust Wallet. It supports dozens of blockchain networks, including Solana, Bitcoin, Ethereum, and XRP. Therefore, this is the best option for diversified portfolios.
  • Ledger: One of the safest Myro Coin wallets, Ledger comes as a hardware device. Private keys are stored within the decide, which is never connected to the internet. Prices range from about $80 to $300 depending on the model.

How to Sell Myro? Best Way to Cash Out Myro Coins


You can cash out your investment on any crypto exchange that lists Myro Coin. However, whether or not you can cash out for fiat money will depend on the exchange.

Most exchanges only support crypto-to-crypto sales. This means you’ll need to swap MYRO for USDT or another popular cryptocurrency.

  • You can do this on MEXC in under five minutes.
  • Transfer the MYRO from your private wallet into MEXC.
  • You can then swap MYRO for USDT without paying any trading commissions.

If you want to exchange USDT for fiat money (e.g. USD or GBP), you’ll need to use another exchange. Coinbase and Kraken are good options here. However, you’ll need to complete a KYC process before you can withdraw fiat.

An Overview of Myro Coin


At its core, Myro Coin is a meme coin. Like other meme coins, Myro Coin doesn’t solve any real-world problems. Nor is its value derived from anything intrinsic. This means you’re investing in Myro Coin for speculative reasons alone. Myro Coin is built on the Solana network. This means it benefits from fast, low-cost, and scalable transactions.

What is Myro crypto?

For instance, sending Myro to another person would cost you about $0.00025, as per the Solana website. Myro was created and launched in November 2023. It is named after Raj Gokal’s pet dog, a co-founder of Solana. Similar to other cryptocurrencies, Myro Coin can be bought and sold on exchanges. Its price will rise and fall throughout the day, so expect plenty of volatility.

Should I Buy Myro Coin?


Still not sure if Myro Coin is the right investment to make? Let’s explore some of its key takeaways.

Small-Cap Valuation Offers an Attractive Upside 

Let’s start with Myro Coin’s market capitalization, which currently stands at about $75 million. This small valuation will appeal to growth investors. After all, some of the best meme coins are billion-dollar cryptocurrencies. For example, Dogecoin has a market capitalization of over $12 billion.

This is the case even though Dogecoin trades almost 90% below its all-time high. So, with a market capitalization of $75 million, Myro could increase by 10 times and still be worth under a billion dollars. This means you’ve got plenty of upside to target as a new investor.

Solid Price History Since Launch

Myro is one of the best-performing cryptocurrencies, even though it was only launched in November 2023. This shows just how quickly new cryptocurrencies can explode.

  • For instance, suppose you bought Myro when it was first listed on exchanges at $0.004163.
  • A $1,000 investment would have got you 240,211 coins.
  • Fast forward to January 2024 and Myro hit highs of $0.2607.
  • Had you sold, your 240,211 coins would have been worth over $62,000.

Not bad for a $1,000 outlay.

Enter the Market at a 70% Discount

After peaking in January 2024, Myro has entered a bearish cycle. Whether or not this is temporary remains to be seen. Based on prices today, you’ll pay just over $0.08 per coin. This is almost 70% lower than its all-time high price.

While this doesn’t help those who bought the peak, new investors can secure a juicy discount. And, if Myro does recover to previous highs, you’d secure an upside of over 225%. That said, some investors believe the long-term upside could be substantially more.

The Verdict?


In summary, Myro Coin is a small-cap meme coin that could potentially blow up. Equally, the risks are inherently high.

If you want to buy Myro Coin today, check out MEXC. It takes minutes to invest with a debit/credit card and you won’t pay any trading commissions.

 

FAQs

Where can I buy Myro crypto?

Crypto exchanges listing Myro include Orca, Raydium, Bybit, KuCoin, and BitMart. That said, in terms of low fees and safety, MEXC is the overall best place to buy Myro Coin.

Is Myro available on Coinbase?

No, Myro is not currently listed on Coinbase. Myro was only launched in November 2023, so it’s too early for a Coinbase listing.

Can I buy Myro with ETH?

No, the majority of exchanges offer the MYRO/USDT pair. You can easily swap ETH for USDT on MEXC, and then use USDT to buy MYRO.

How much is Myro worth?

Today, Mryo Coin is trading at just over $0.08. This is almost 70% lower than its all-time high of $0.2607.

Can Myro Coin hit $1?

If Myro Coin hits $1, it would need a market capitalization of about $900 million. This isn’t beyond the realms of possibility, considering Dogecoin and Shiba Inu are worth several billion dollars.

References

  1. What are meme cryptocurrencies and should you buy them? (CNBC)
  2. Anti-money laundering (FINRA)
  3. The crypto ecosystem: key elements and risks (Bank of International Settlements)
  4. Today’s cryptocurrency prices by market cap (CoinMarketCap)
  5. Myro whitepaper (Myro)

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