MovieBloc MBL coin buying and selling tutorial

By providing a comprehensive tutorial on MovieBloc and its native MBL coin, this guide empowers users to participate in the blockchain-powered film industry transformation, connecting filmmakers, distributors, and viewers.

Dec 27, 2024 at 01:42 pm

MovieBloc MBL Coin Buying and Selling Tutorial

Key Points:

• Understand the concept and uses of MovieBloc and the MBL coin
• Create and verify a MovieBloc account
• Connect your cryptocurrency wallet to MovieBloc
• Deposit funds into your MovieBloc account
• Navigate the MovieBloc exchange interface
• Place a buy or sell order for MBL coins
• Monitor your pending and filled orders

Step 1: Understanding MovieBloc and MBL Coin

MovieBloc is a blockchain-based platform that aims to transform the film industry by connecting filmmakers, distributors, and viewers. The MBL coin is the native cryptocurrency of the MovieBloc platform, used for transactions within the ecosystem, such as purchasing and renting films, funding film projects, and participating in governance.

Step 2: Creating a MovieBloc Account

• Visit the MovieBloc website and click on the "Sign Up" button.
• Enter your email address, create a password, and agree to the terms of service.
• Verify your email address by clicking on the link sent to your inbox.

Step 3: Connecting Your Cryptocurrency Wallet

• Once your account is verified, sign in and navigate to the "Wallet" section.
• Click on the "Connect Wallet" button and select your preferred cryptocurrency wallet (e.g., MetaMask, Trust Wallet).
• Follow the on-screen instructions to connect your wallet to MovieBloc.

Step 4: Depositing Funds

• Once your wallet is connected, click on the "Deposit" button in the "Wallet" section.
• Choose the cryptocurrency you want to deposit (e.g., ETH, BTC, USDT).
• Generate a deposit address by clicking on the "Generate" button.
• Transfer funds from your external wallet to the provided deposit address.

Step 5: Navigating the Exchange Interface

• To access the MovieBloc exchange, click on the "Exchange" tab in the top menu.

• The interface consists of the following sections:

  • Order book: Lists all pending buy and sell orders for MBL coins.
  • Market price: Shows the current market price of MBL coins.
  • Order entry form: Allows you to place buy or sell orders.

Step 6: Placing a Buy or Sell Order

• To buy MBL coins, enter the desired amount and price in the "Buy" section.
• To sell MBL coins, enter the desired amount and price in the "Sell" section.
• Click on the "Place Order" button to submit your order.

Step 7: Monitoring Your Orders

• Your pending orders will be displayed in the "Open Orders" section.
• Once an order is filled, it will move to the "Filled Orders" section.
• You can cancel your pending orders by clicking on the "Cancel" button.

FAQs:

Q: How do I know if my deposit has been processed?

• You can track the status of your deposit in the "Transaction History" section of your wallet.

Q: What are the trading fees on MovieBloc?

• MovieBloc charges a 0.1% trading fee on all transactions.

Q: Can I buy MBL coins with fiat currency?

• Currently, MovieBloc does not offer fiat-to-crypto exchange services.

Q: How can I store my MBL coins?

• You can store your MBL coins in your connected cryptocurrency wallet or in the MovieBloc wallet.

Q: What is the purpose of the MBL coin?

• MBL coins are used for transactions within the MovieBloc ecosystem, including purchasing films, funding film projects, and participating in governance.