Complete Beginner's Guide to Buying MediCoin

Never used cryptocurrency before? No problem! These answers will walk you through everything step-by-step.

I've never used cryptocurrency before. How hard is it to buy MediCoin?

Don’t worry! Buying MediCoin takes about 15-20 minutes and we’ll walk you through every step.

Here’s what you’ll do:
1. Download a digital wallet (like MetaMask) – 5 minutes
2. Buy ETH on Coinbase and send it to Base network – 10 minutes
3. Purchase MediCoin on our website – 2 minutes

Think of it like setting up online banking for the first time – it seems complicated but once you do it, it’s easy!

What is MetaMask and why do I need it?

MetaMask is your digital wallet – think of it as a special app that holds your cryptocurrency, just like how your physical wallet holds cash.

Why you need it:
• It’s like your bank account, but YOU control it completely
• It stores your MediCoin tokens safely
• No bank or company can freeze or control your funds
• It’s free to download and use

Download from metamask.io (be careful of fake websites!). It works as a browser extension on your computer or as an app on your phone.

What's this 'recovery phrase' and why is it so important?

Your recovery phrase is like the master key to your entire digital wallet. It’s usually 12 random words like “apple bicycle cloud dance…”

CRITICAL THINGS TO KNOW:
• This phrase is the ONLY way to recover your wallet if something happens
• Write it down on paper and store it somewhere safe (not on your computer!)
• NEVER share it with anyone – not even MediCoin support
• If you lose this phrase, your crypto is gone forever
• If someone else gets this phrase, they can steal all your crypto

Think of it like the deed to your house – keep it safe and private!

How do I get ETH to buy MediCoin? What's this Base Network thing?

You need ETH (Ethereum) to buy MediCoin, but it must be on something called “Base Network.”

EASIEST WAY – Use Coinbase:
1. Create account on Coinbase.com
2. Add your debit card or bank account
3. Buy ETH – BUT make sure to select “Base” network (not regular Ethereum!)
4. Send it to your MetaMask wallet

Why Base Network?
• It’s much cheaper than regular Ethereum (fees are like $0.25 vs $15+)
• Transactions are faster
• MediCoin is built on Base Network

IMPORTANT: Always double-check you’re buying ETH on “Base” network, not “Ethereum” network!

How much money do I need to get started?

You can start with as little as $100, but here’s what to expect:

FOR $100 PURCHASE:
• ~$96 worth of ETH after Coinbase fees
• Keep ~$10 worth for transaction fees
• ~$86 available to buy MediCoin
• That gets you about 1,147 MEDC tokens at early access price

RECOMMENDED FIRST PURCHASE: $200-500
• This covers fees better and gives you a meaningful amount
• Always keep some ETH in your wallet for future transactions

Remember: Only invest what you can afford to lose!

Why can't I sell my MediCoin for 30 days after buying?

This is actually a GOOD thing that protects you! Here’s why:

THE 30-DAY PROTECTION PERIOD:
• Prevents bots and speculators from crashing the price immediately
• Gives the project time to build real value
• Protects early supporters (like you!) from pump-and-dump schemes
• Creates a stable foundation for long-term growth

WHAT YOU CAN DO:
✅ Buy MediCoin during this period
✅ Your tokens are safe in your wallet
✅ You completely own them

WHAT YOU CAN’T DO:
❌ Transfer or sell for 30 days
❌ Send them to exchanges

Think of it like a “grand opening” where everyone commits to staying for the full event!

Is this safe? How do I avoid scams?

Crypto can be safe if you follow these rules:

SAFETY CHECKLIST:
✅ Only download MetaMask from metamask.io
✅ Only buy MediCoin from MediCoin.com
✅ Never share your recovery phrase with ANYONE
✅ Double-check website URLs before connecting your wallet
✅ Always verify you’re on Base network before transactions

RED FLAGS – NEVER DO THIS:
❌ Don’t click crypto links in emails
❌ Don’t enter your recovery phrase on any website
❌ Don’t rush transactions – always double-check
❌ Don’t believe “support” people asking for your phrase

REMEMBER: In crypto, YOU are your own bank. No legitimate support will ever ask for your recovery phrase!

What if I make a mistake during the process?

Common mistakes and how to fix them:

BOUGHT ETH ON WRONG NETWORK:
• If you bought ETH on Ethereum instead of Base, you can bridge it
• In Coinbase, look for “Send to Base network” option
• Small fee applies (~$1-5)

SENT TO WRONG ADDRESS:
• Unfortunately, crypto transactions can’t be reversed
• Always copy/paste addresses, never type them
• Send a small test amount first if you’re nervous

CAN’T FIND MY TOKENS:
• Make sure MetaMask is set to Base network
• You may need to manually add the MEDC token address (available on our website)

NEED HELP:
• Email support@medicoin.com for technical assistance
• Never give them your recovery phrase!

When exactly does the launch happen and what should I do?

LAUNCH SCHEDULE:
• Date: Monday, June 2nd, 2024
• Time: 9:30 AM EST sharp
• Website: MediCoin.com

BEFORE 9:30 AM – GET READY:
1. Have MetaMask installed and recovery phrase saved
2. Have ETH on Base network in your wallet
3. Keep extra ETH for fees (~$10-20 worth)
4. Bookmark MediCoin.com

AT 9:30 AM – GO TIME:
1. Go to MediCoin.com immediately
2. Enter early access code
3. Connect your MetaMask wallet
4. Buy your tokens quickly (early access is limited!)

The early access window is limited, so don’t wait!

How much should I invest and what are the risks?

INVESTMENT GUIDELINES:
• Only invest money you can afford to lose completely
• Start small if you’re new to crypto ($100-500)
• Don’t invest your rent money, emergency fund, or retirement savings
• Consider this a high-risk investment

RISKS TO UNDERSTAND:
• Cryptocurrency values can go up or down dramatically
• New projects are especially risky
• Technical issues could occur
• Regulatory changes could affect the project
• The 30-day hold period means you can’t quickly exit

POTENTIAL BENEFITS:
• Early access to innovative healthcare technology
• Potential growth as the platform develops

Remember: This is not financial advice. Do your own research and consult financial advisors if needed.

What exactly am I buying when I purchase MediCoin?

You’re buying MediCoin (MEDC) utility tokens that give you access to our healthcare settlement platform.

WHAT MEDICOIN TOKENS DO:
• Provide access to healthcare settlement opportunities
• Allow participation in the healthcare claims marketplace
• Give you platform utility and services
• Enable faster, more transparent healthcare payments

WHAT THEY ARE NOT:
• Not traditional investment securities
• Not shares in a company
• Not guaranteed to increase in value
• Not regulated like stocks or bonds

Think of MEDC tokens like arcade tokens or gift cards that give you access to use our platform’s services, but with the potential that the tokens themselves could become more or less valuable over time.

Still Need Help?

Our support team is here to help you through every step of the process.