How to buy erc20 tokens on metamask
Author: @Mycryptoview Token
Last Updated: July 26, 2023
If you're interested in investing in cryptocurrency, you may have heard about ERC20 tokens. ERC20 tokens are digital assets that run on the Ethereum blockchain and can be used for a variety of purposes, such as paying for goods and services, trading, or investing.
Metamask is a popular browser extension that enables users to interact with the Ethereum blockchain and manage their digital assets, including ERC20 tokens. If you're looking to buy ERC20 tokens on Metamask, you'll need to follow a few simple steps. One popular and efficient way to buy ERC20 tokens on Metamask is by using Uniswap, a decentralised exchange that enables users to trade cryptocurrencies directly from their wallets. With Uniswap, you can quickly and easily swap Ethereum for a variety of ERC20 tokens without having to create an account or go through a centralised exchange.
In this guide, we'll provide a step-by-step guide on how to buy ERC20 tokens on Metamask, so you can start investing in this exciting digital asset class.
1. Install MetaMask. If you are unsure how install MetaMask check how to create Metamask wallet via the link below
3. Click Connect to a wallet to select a wallet - We are going to use MetaMask for this example.
If you are connected you will see your Eth balance and option to select a token.
4. Select a token
In this example, we are going to use our native token Mycryptoview token(MCV). Search the token you will like to swap if you can't find it head over to etherscan.io and search for example Mycryptoview. Note - you can use the same steps to find any token but make sure that the address for the token is the correct address as anyone can create any token with the same name.
- Copy the address from the contract section and head over to Uniswap
- Paste the address in the search input
You will see MCV under the Token name section, Select MCV and MCV should display as below.
5. Enter the amount
Click swap and the token will be in your wallet. Note - your transaction needs to be successful before you can see the tokens in your wallet
Ask a question
Ask a question regarding this how-to to earn crypto!Ask