Merlin Chain is transforming how Bitcoin works by introducing a high-speed Layer 2 network designed to improve scalability, reduce fees, and unlock new on-chain possibilities. Built by Bitmap Technology and launched in early 2024, it uses ZK-Rollup technology to process thousands of transactions off-chain before recording them as a single proof on the Bitcoin mainnet. This approach makes transactions faster and cheaper while keeping Bitcoin’s strong security intact.
At its core, Merlin Chain combines decentralised oracles and data availability layers to support advanced smart contracts and decentralised apps within the Bitcoin ecosystem, something that wasn’t possible before at this scale. Its native token, MERL, powers the network by enabling fee payments, staking, and liquidity functions.
In this article, you’ll learn exactly how to buy Merlin Chain (MERL) tokens and become part of this next-generation Bitcoin Layer 2 ecosystem.
How To Buy Merlin Chain In 4 Easy Steps?
Purchasing Merlin Chain tokens can be done efficiently with the right approach. Follow these four steps to buy and store your tokens safely.
Step 1: Choose a Crypto Exchange Platform
The first step to buy Merlin Chain is to select a dependable crypto exchange. A reputable exchange ensures strong fund protection, fast transaction processing, and transparent trading fees. Before choosing, always review user feedback, supported regions, and available payment methods. Additionally, confirm that the exchange supports your preferred fiat or stablecoin option to avoid compatibility issues later.
Step 2: Register On Any Of The Platforms
After selecting an exchange, head to its registration page and create your account. Enter details like your email, phone number, and location. You’ll also need to verify your identity by uploading a government-issued document such as a passport or driver’s licence.
Most exchanges complete this verification within a few hours. Once your account is verified, you can deposit funds and prepare to buy MERL.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
After setting up your account, fund it using your chosen option and proceed to purchase Merlin Chain tokens. Here are the available methods:
Using Fiat Currencies:
Using Stablecoins:
Each platform may support payment methods such as bank transfers, debit or credit cards, or crypto wallet transfers. Once the payment is confirmed, your MERL tokens will appear in your account balance.
Step 4: Store the Cryptocurrency in a Wallet
Once you’ve purchased MERL, move your tokens to a personal wallet for better security. Storing your holdings on an exchange leaves them vulnerable to risks, whereas a private wallet ensures you retain complete control.
Compatible wallets for Merlin Chain include OneKey Wallet, Bitget Wallet, MetaMask, Tangem Wallet, OKX Wallet, and Trust Wallet. Withdraw your tokens from the exchange, input your wallet’s public address, and finalise the transfer. This ensures your tokens remain safe and accessible whenever needed.
Popular video guides on buying Merlin Chain (MERL)
Where to buy Merlin Chain (MERL)?
CoinDCX stands out as India’s most trusted crypto platform, offering fast INR deposits and withdrawals through secure payment options. The exchange supports spot, margin, and futures trading with real-time charts and price notifications for active traders. Its mobile app delivers a seamless experience, helping users manage trades efficiently. Strong security measures include two-factor login, cold wallet storage, and instant alerts. CoinDCX also promotes learning through its DCX Learn portal, making it a practical platform for both beginners and advanced traders.
Factsheet
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Operational Since: |
2018 |
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Deposit Methods: |
Bank transfers, UPI, Debit/Credit cards, Crypto transfers |
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Deposit Fees: |
Nil on fiat deposits |
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Cryptos Listed: |
500+ |
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Trading Fees: |
0.03% – 0.50% (Depends upon the trading volume) |
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Fiat Currencies Supported: |
INR |
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Trustworthiness: |
Safe and Reliable |
BitMart offers a global crypto trading experience with access to hundreds of digital assets. It supports spot and futures markets, allowing users to diversify their portfolios with ease. The platform provides fast trade execution, charting tools, and personalised alerts for better decision-making. Its security framework includes cold wallet storage, two-factor verification, and account-level protection. BitMart also features beginner guides and community updates, helping traders stay informed and up-to-date. With a clean interface and reliable services, BitMart appeals to both casual and serious traders.
Factsheet
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Operational Since: |
2017 |
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Deposit Methods: |
P2P Trading, MoonPay, Banxa, and Simplex, Debit and Credit Card |
|
Deposit Fees: |
NIL |
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Cryptos Listed: |
1400+ |
|
Trading Fees: |
Depends on Level Maker Fees: 0.04% – 0.1% Taker Fees: 0.045% – 0.10% |
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Fiat Currencies Supported: |
50+ |
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Trustworthiness: |
Safe and Reliable |
Kraken provides a professional yet approachable trading environment, recognised for its transparent fees and advanced features. It offers spot, margin, and futures trading, along with staking options for various assets. The mobile app supports quick execution, price tracking, and market insights. Security remains a top priority, using offline storage, encryption, and two-factor verification. New users can start easily with simple funding methods, while experts gain powerful tools for technical trading. Kraken’s strong reputation and focus on safety make it a dependable choice.
Factsheet
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Operational Since: |
2011 |
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Deposit Methods: |
PayPal, Debit/Credit Cards, Wire Transfer, P2P, Cryptocurrencies |
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Deposit Fees: |
Kraken charges different fees for different types of deposits |
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Cryptos Listed: |
500+ |
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Trading Fees: |
0% to 0.40% of the total cost |
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Fiat Currencies Supported: |
USD, EUR, GBP, CAD, JPY, CHF, AUD, and AED. |
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Trustworthiness: |
Safe and Reliable |
Frequently Asked Questions
Where Can You Buy Merlin Chain With A Credit Or Debit Card?
You can buy Merlin Chain with a credit or debit card directly on centralised exchanges that support fiat currency pairs. If you want to purchase using US Dollars, you can use Kraken or OKX. For users who prefer Euros, both Kraken and Bitvavo offer an easy way to buy Merlin Chain.
If you live in India, you can purchase it with INR on CoinDCX. This direct method helps you skip the extra step of buying stablecoins first. Always use trusted exchanges to keep your Merlin Chain transactions secure and smooth.
What Will You Need To Buy Merlin Chain?
Here’s everything you’ll need to own a MERL token:
- Crypto Exchange: To purchase Merlin Chain (MERL) tokens, you need a reliable crypto exchange platform. These platforms allow you to trade and manage cryptocurrencies with ease. Exchanges like Binance Alpha, OKX, and Kraken provide trading tools, analytics, and liquidity to help you make better investment decisions.
- Identification Documents: To start trading on a crypto exchange, you need to complete a KYC (Know Your Customer) verification process. This process requires valid identification documents such as a passport, driver’s licence, or tax return. It helps the platform verify your identity and keep your account secure.
- Debit/Credit Card: You can easily fund your crypto account using a debit or credit card. Most exchanges support direct purchases through cards. Always check the platform’s payment options before using your card to ensure a smooth and successful transaction.
- Stablecoin/Altcoin: You can buy MERL tokens using stablecoins like Tether (USDT) or USD Coin (USDC). These coins help you make quick and stable transactions without worrying about sudden market fluctuations. Ensure your chosen exchange supports these stablecoins before making a purchase.
- Crypto Wallet: After purchasing your tokens, store them safely in a trusted crypto wallet. Wallets like OneKey Wallet, Bitget Wallet, MetaMask, Tangem Wallet, OKX Wallet, and Trust Wallet offer strong security features. Always review wallet safety options and user feedback before selecting one.
Keep all these essentials ready to enjoy a smooth and secure token-buying experience.
What Is The Easiest Way To Buy Merlin Chain?
The easiest way to buy Merlin Chain is through trusted centralised exchanges that support fiat currency payments. You can use a credit or debit card or even make a bank transfer to buy MERL directly. If you prefer using US Dollars, you can easily buy Merlin Chain on OKX or Kraken. Both platforms allow quick registration, smooth verification, and instant card payments, making the process fast and beginner-friendly. Once you complete your transaction, your MERL tokens will appear in your exchange wallet for immediate access.
For users who want to buy using Euros, Kraken and Bitvavo offer convenient options. You can deposit EUR through SEPA transfer or card payment and then trade it directly for Merlin Chain. These exchanges provide secure platforms with clear fee structures, ensuring transparency and safety throughout your purchase. Their user-friendly interfaces make it easy to complete the process, even if you are new to crypto.
In India, CoinDCX allows you to buy Merlin Chain using Indian Rupees through credit or debit cards, UPI, or internet banking. You can sign up, verify your identity, and deposit INR to purchase MERL quickly. Always check the transaction fees before buying and make sure the exchange you choose is well-established. If you plan to hold Merlin Chain for a long time, transfer your tokens to a private wallet for better security and full control over your assets.
Best Wallets To Store Your Merlin Chain (MERL)
For storing your Merlin Chain tokens, choosing a secure and easy-to-use wallet is essential. Each wallet offers unique features and safety options, giving you flexibility based on your needs.
- OneKey Wallet: OneKey Wallet provides a smooth balance between simplicity and security. It supports multi-chain storage and offers both hardware and mobile options for flexibility. The wallet features open-source code, allowing transparency and reliability. With easy backup options and integration for DeFi apps, it’s perfect for users who value accessibility and strong protection for their assets.
- Bitget Wallet: Bitget Wallet offers a complete platform for managing tokens, supporting fast transactions, and portfolio tracking. It enables access to dApps, DeFi tools, and NFT marketplaces directly from its interface. With robust encryption and multi-network support, it ensures asset safety while delivering a user-friendly experience. Regular updates make it ideal for both new and experienced users.
- MetaMask: MetaMask allows seamless interaction with decentralised applications while keeping your assets safe. Its browser extension and mobile app offer easy access to token swaps, staking, and Web3 platforms. The wallet features encrypted storage and clear backup controls, giving users full control of their holdings. MetaMask’s broad compatibility makes it a trusted choice for everyday trading and DeFi activity.
- Tangem Wallet: Tangem Wallet is a hardware solution designed for maximum protection. It stores private keys securely inside a physical card, keeping funds offline. With its companion app, users can send, receive, and manage assets with ease. The wallet’s simplicity, portability, and multi-chain support make it a strong option for those prioritising both mobility and safety.
- OKX Wallet: OKX Wallet gives users complete control over their funds with access to decentralised trading, staking, and NFTs. It supports thousands of tokens across multiple networks. The wallet’s intuitive interface, combined with built-in Web3 connectivity, offers smooth navigation through DeFi projects. With its advanced encryption and backup options, OKX Wallet ensures secure and flexible management of assets.
- Trust Wallet: Trust Wallet provides an all-in-one mobile solution for storing and managing digital assets. It supports multi-chain transactions, staking, and in-app token swaps. The wallet includes easy backup features and private key control, ensuring total ownership of your funds. With its clean interface and active community, Trust Wallet remains one of the most reliable options for everyday use.
Using these wallets will help secure your Merlin Chain tokens while offering various functions tailored to different user needs.