1. Coinbase Wallet
To buy M87 using a decentralized exchange, you’ll need to first purchase Ethereum (ETH) and then use ETH to buy M87. And to do that, you need what’s called a self-custody wallet. Here’s how to do that using Coinbase Wallet for U.S. residents.
1. Download Coinbase Wallet
A self-custody wallet like Coinbase Wallet is required to purchase M87. Coinbase Wallet is available as a mobile app and browser extension. Download Coinbase Wallet here.
2. Choose A Coinbase Wallet Username
As part of setting up your Coinbase Wallet, you will need to choose a username. This username lets other Coinbase Wallet users easily send you crypto. You can keep your username private, but you will need one to access the account.
3. Securely Store Your Recovery Phrase
Securely store your recovery phrase
When you create a new self-custody wallet, you’ll be given a recovery phrase that consists of 12 random words. The recovery phrase is the key to your crypto, meaning anyone with your recovery phrase has access to your crypto. Do not share your recovery phrase with anyone.
We strongly recommend writing these down on paper and storing them securely, as well as using Coinbase Wallet’s cloud backup feature.
Remember, do not share your recovery phrase with anyone. Coinbase will never ask you for your recovery phrase. And if you lose your recovery phrase, Coinbase cannot help you access your wallet.
4. Understand and plan for Ethereum Network Fees
Fees vary based on how busy the network is, how complicated the transaction is, and how fast you’d like the transaction completed. Plan to set aside some money for fees. Learn more about Ethereum fees here.
5. Buy And Transfer ETH To Coinbase Wallet
Buy and transfer ETH to Coinbase Wallet
If you don’t have a Coinbase account, you’ll need to create one to buy Ethereum (ETH). Learn more about how to create a Coinbase account and buy Ethereum (ETH) here. The way you transfer ETH to your Coinbase Wallet varies depending on whether you’re using the mobile app or the Chrome extension. See detailed instructions here.
6. Use Your ETH To Buy M87 In The Trade Tab
If you’re using Coinbase Wallet on your mobile phone, you can purchase M87 right in the app. Tap on Image of Coinbase Wallet App. Then tap on the “Trade” tab, where you can swap ETH for any token that runs on the Ethereum standard (called “ERC-20 tokens”). Input M87 smart contract address (0x8AF5FedC0f263841C18F31D9DbCC97A47e1aB462). Input the amount of ETH you’d like to exchange forM87. Remember to leave enough for transaction fees. Confirm your purchase and follow the instructions on the screen to finalize.
2. MetaMask Wallet
To buy M87, you need to buy ETH. And then, with ETH, you can purchase M87.
1. Buying and Transferring ETH
As mentioned earlier, to buy M87, you need to purchase ETH. You can purchase ETH on Coinbase or Binance or any other exchanges. You can even buy ETH directly inside MetaMask. If you have already bought ETH, you can focus on the Transfer part discussed below. Once you bought ETH, you need to transfer that into MetaMask.
Send ETH from Coinbase to MetaMask or Send ETH from Binance to MetaMask.
2. Connect your MetaMask wallet
Go to the Uniswap website.
Once you are on the Uniswap website, your MetaMask wallet will connect with it automatically.
If it didn’t, you can manually connect it by clicking the Connect button, which is inside the MetaMask wallet or on the Uniswap website.
If the connection has been established successfully between Uniswap and MetaMask, you can see the indication shown in the below images.
3. Import M87 Contract
After establishing the connection between Uniswap and MetaMask, you need to import the M87 contract.
This is where you need to be very careful. Ensure to copy and paste the correct M87 contract, or else you could buy the wrong token.
M87 Contract Address: 0x8AF5FedC0f263841C18F31D9DbCC97A47e1aB462
To paste the M87 Contract address on the Uniswap website,
Click on Select a token
Click on Import (Upon clicking Import, paste the M87 contract address)
4. Enter the amount
You can enter the amount of ETH that you want to swap, or you can enter the amount of M87 you want. Make sure to leave some ETH for the gas fee. Otherwise, your transaction will fail.
5. Tune-up Uniswap setting
Immediately after importing the M87 contract, Uniswap will fetch the best price for the swap. In case you have been prompted with a “No Liquidity” message, Click on Trade Using V2 Click on the wheel icon top right corner of the Swap window
Set Slippage Tolerance between 4-5%
6. Swap ETH for M87
Now, you can see Uniswap fetching the best swap price for you. Review the gas fee and then click Swap.
7. Confirm Swap
Immediately after clicking the Swap, you can see the confirmation pop-up. Review your transaction details and click Confirm Swap. Note: Since the price gets updated every few seconds, you need to be fast while reviewing the details. And always keep an eye on the gas fee; if the total order amount (along with the gas fee) exceeds your total ETH balance, your transaction will fail.
8. Add M87 to MetaMask wallet
Click on ‘Import tokens’, located at the bottom of the ‘Assets’ tab on your wallet homepage. Switch to the ‘Custom token’ tab at the top, and then enter the M87 token address in the first field.
If you still can’t find the token details, try locating the token’s documentation through a web search.
When you click ‘Import Tokens’, the token type will be added to your wallet.
9. Check your MetaMask wallet
Once you see the transaction notification successful, you need to go to your MetaMask wallet extension and check your wallet balance.
That’s it. Congratulations on buying M87.
Note: We are not financial advisors and this is not an investment recommendation.