A Step-by-Step-Guide on how to buy Magi (XMG)
Step 1 – Join Kraken You will first need to purchase one of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and receive Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Magi (XMG) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate Magi (XMG) Once your deposit has been affirmed, you will immediately have access to your assets and you can begin buying and trading. To invest in Magi (XMG) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To find Magi (XMG), you will need to insert the short name of the asset (XMG) into the search box, which is marked in the picture. Be certain of having selected the right grouping, we've marked this also. Click on “XMG/BTC” to continue.
Step 4 – Purchase Magi (XMG) After you've spotted Magi (XMG), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are creating our Limit Order. The field with the “Price” tag will be filled with the latest valuation Magi (XMG) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of XMG you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete volumen of XMG. If you are glad, make a mouse click on “Buy XMG”. Your plan will be filled as soon as a Vender sells their XMG for the price you gave.
Step 5 – Withdraw Magi (XMG) Unless you are frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended time frame. To take off your Magi (XMG), go to the ”Funds” tab and mouse click on “Withdraw”. Magi (XMG) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Magi (XMG) by using the given drop-down box. Drop in the amount of Magi (XMG) you would wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.