How to Buy Magnachain (MGC)

A Step-by-Step-Guide on how to buy Magnachain (MGC)

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to purchase one of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome $10.

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Magnachain (MGC) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've chosen the right coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate Magnachain (MGC)

Once your deposit has been confirmed, you'll immediately have access to your finances and you can initiate invest and trading. To buy Magnachain (MGC) on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”.

In order to locate (MGC) Magnachain, you'll need to put the shortname of the coin (MGC) into the search-box, which is marked in the image. Make sure you have choosen the correct pairing, we have marked this too. Click on “MGC/BTC” to proceed.

How to buy Coin on Binance 1 Magnachain (MGC)
Step 4 – Purchase Magnachain (MGC)

After you've discovered (MGC) Magnachain, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're making our own Limit Order.

The “Price” field will be filled automatically with the up-to-date rate (MGC) Magnachain was sold for. You can change this to your favoured rate. The “Amount” field is the amount of MGC you want to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole amount of MGC.

When you are glad, click on “Buy MGC”. Your plan will be filled as soon as a Seller sells their MGC for the price you introduced.

Step 5 – Withdraw Magnachain (MGC)

Unless you're frequently trading, best advise is not to keep your coins on an Crypto Exchange for an extended period of time. In order to withdraw your (MGC) Magnachain, hover over the “Funds” tab and click on “Withdraw”. Magnachain (MGC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Magnachain (MGC) by using the provided drop-down box. Put into the volumen of (MGC) Magnachain you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

When you are glad, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Kudos! You've successfully bought and stored (MGC) Magnachain.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (MGC) Magnachain is stored in your wallet, you're all done.