A Step-by-Step-Guide on how to buy MargiX (MGX)
Step 1 – Signup to Coinbase and receive 10$ in Bitcoin You will first need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and getting BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. MargiX (MGX) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find MargiX (MGX) As soon as your deposit has been verified, you will immediately have access to your finances and you can initiate buying and trading. To purchase MargiX (MGX) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. In order to locate (MGX) MargiX, you'll need to insert the short name of the asset (MGX) into the search box, which is highlighted in the picture. Make sure you have selected the correct pairing, we have marked this too. Click on “MGX/BTC” to progress.
Step 4 – Buying MargiX (MGX) After you have spotted MargiX (MGX), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to create our Limit Order. The “Price” field will be filled with the most recent price (MGX) MargiX was sold for. This can be changed to your preferred price. The “Amount” field is the volumen of MGX you want to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the complete amount of MGX. If you're satisfied, click on “Buy MGX”. Your plan will be filled when a Vendor sells their MGX for the price you introduced.
Step 5 – Withdraw (MGX) MargiX Unless you're trading, best advise is not to keep crypto on an Crypto Exchange for an extensive time period. To take off your MargiX (MGX), hover over the tab called “Funds” and mouse click on “Withdraw”. MargiX (MGX) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find MargiX (MGX) by using the provided drop-down box. Put into the amount of MargiX (MGX) you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you are happy, click “Submit”. You could be asked for verfication via phone/email before a take off.