A Step-by-Step-Guide on how to buy Magi (XMG)
Step 1 – Join CEX.io You will first need to purchase one of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and to get Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Magi (XMG) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find (XMG) Magi As soon as your deposit has been approved, you'll now have access to your funds and you can commence purchasing and trading. To purchase (XMG) Magi on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to locate (XMG) Magi, you'll need to put the shortname of the coin (XMG) into the search-box, which is marked in the graphic. Make sure you have choosen the correct grouping, we've marked this also. Click on “XMG/BTC” to proceed.
Step 4 – Purchase (XMG) Magi After you have found (XMG) Magi, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are making our own Limit Order. The ”Price” field will be filled with the most up-to-date price (XMG) Magi was sold for. You can change this to your desired price. The ”Amount” field is the amount of XMG you wish to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the whole amount of XMG. When you are satisfied, click on “Buy XMG”. Your order will be filled as soon as a Vender trades their XMG for the price you offered.
Step 5 – Withdraw Magi (XMG) Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an longer period of time. In order to withdraw your Magi (XMG), hover over the tab called “Funds” and mouse click on “Withdraw”. Magi (XMG) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Magi (XMG) by using the given drop-down box. Put into the volumen of Magi (XMG) you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a take off.