A Step-by-Step-Guide on how to buy Magi (XMG)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase units of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and getting your first 10$.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Magi (XMG) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find (XMG) Magi Once your deposit has been confirmed, you'll instantly have access to your assets and you can launch purchasing and trading. To purchase Magi (XMG) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. To locate Magi (XMG), you'll need to put the shortname of the coin (XMG) into the search-box, which is marked in the picture. Be certain of having selected the right grouping, we have marked this also. Click on “XMG/BTC” to progress.
Step 4 – Purchasing (XMG) Magi As soon as you have discovered (XMG) Magi, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we are going to make our Limit Order. The “Price” field will be filled automatically with the up-to-date rate Magi (XMG) was sold for. You can change this to your desired price. The “Amount” field is the quantity of XMG you want to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole amount of XMG. When you're happy, make a mouse click on “Buy XMG”. Your plan will be filled when a Vendor trades their XMG for the price you introduced.
Step 5 – Withdraw Magi (XMG) Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an longer time frame. In order to withdraw your Magi (XMG), go to the tab called “Funds” and click on “Withdraw”. Magi (XMG) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Magi (XMG) by using the given drop-down box. Put into the amount of Magi (XMG) you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you're satisfied, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.