How and Where to Buy MaidSafeCoin (MAID) – Detailed Guide
- What is MAID?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy BTC with fiat money
- Step 3: Transfer BTC to an Altcoin Exchange
- Step 4: Deposit BTC to exchange
- Step 5: Trade MAID
- Last Step: Store MAID securely in hardware wallets
- Other useful tools for trading MAID
- Frequently Asked Questions
- Latest News for MAID
- MAID Price Prediction and Price Movement
What is MAID?
What Is MaidSafeCoin (MAID)?
MaidSafeCoin (MAID) was launched in February 2006. It is a project that aims to decentralize the Internet. According to the developers, its concept predates Bitcoin (BTC) by several years.
The SAFE network works similarly to the TOR network, meaning that all online content is distributed and accessed through a peer-to-peer (P2P) mesh network.
MaidSafeCoin is a token for SafeCoin, a decentralized currency for the decentralized SAFE network, which is maintained by the users’ extra hard disk space, processing power and data connectivity level.
Who Are the Founders of MaidSafeCoin?
MaidSafeCoin was founded by David Irvine.
Irvine was also the CEO of Ayrsoft Ltd, Alba Networks and worked as a consultant at Ayrshire Business Consulting Ltd.
What Makes MaidSafeCoin Unique?
MaidSafe offers fully encrypted data storage and file sharing, the ability to use the network anonymously, censorship-resistant communication, serverless data and a scalable cryptocurrency with zero transaction fees.
The SAFE Network was designed to be secure, fully autonomous, data-centric and peer-to-peer to work as an alternative to the current client-server model. The network is primarily used by two types of members: clients and farmers.
The clients use the features of the network, including browsing, storing data and transferring money, while the farmers store and maintain the data in exchange for a monetary reward.
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How Many MaidSafeCoin (MAID) Coins Are There in Circulation?
MaidSafeCoin (MAID) has a circulating supply of 452,552,412 coins, while maximum supply data is not available as of February 2021.
How Is the MaidSafeCoin Network Secured?
The SAFE network is an encrypted layer that is built on top of the current Internet and allows for autonomous data storage and networking by replacing three of the OSI networking layers.
When you transfer a file to the network, such as a photo, it is broken down into pieces (shards), hashed and fully encrypted. This data is then randomly distributed across the network, and redundant copies of the data are created so that if someone storing parts of your file turns off their computer, you can still access it from somewhere else on the network.
In addition, due to the fact that no node on the network stores your file in its entirety, they cannot fully read it, adding an extra level of security. The network automatically creates extra copies of the data that’s in high demand so that the more popular websites can be accessed from a larger number of nodes, further speeding up the system.
SAFE’s hash function is able to fully map any piece of data to 256-bit strings of characters, and the network can perform the XOR operation on the hash value in order to randomly create a unique distance to any other piece of data. This is not physical distance but a mathematical distance between two numbers.
MaidSafeCoin is opposed to centralized storage, so it provides a solution in the form of vaults. The vault software can connect you to the SAFE network and save the distributed pieces of data on your computer. The people that run the vault software are known as farmers. You can voluntarily become a farmer by notifying the network, which then sends you a proof-of-resource request to check your bandwidth and CPU power.
Where Can You Buy MaidSafeCoin (MAID)?
If you are interested in buying, selling, or trading MaidSafeCoin (MAID), you can do so on the following exchanges:
- Bittrex
- HitBTC
If you are new to the world of cryptocurrencies and are interested in learning how to buy Bitcoin, read our official blog post here.
MAID was first tradable on 28th Apr, 2014. It has a total supply of 452,552,412. As of right now MAID has a market capitalization of USD $71,975,350.25. The current price of MAID is $0.159 and is ranked 243 on Coinmarketcap and has recently surged 29.68 percent at the time of writing.
MAID has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy MAID.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy BTC with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer BTC to an Altcoin Exchange
But we are not done yet, since MAID is an altcoin we need to transfer our BTC to an exchange that MAID can be traded. Below is a list of exchanges that offers to trade MAID in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit BTC to the exchange from UpHold. After the deposit is confirmed you may then purchase MAID from the exchange view.
Last Step: Store MAID securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your MAID for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy MAID with cash?
There is no direct way to buy MAID with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy MAID in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy MAID or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on MaidSafeCoin's fundamentals and current price here.
Latest News for MAID
