How to Buy Magnachain (MGC)

Step 1 – Signup to Kraken

You'll first need to buy one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and to get ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Magnachain (MGC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you have chosen the precise coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Find Magnachain (MGC)

Once your deposit has been approved, you'll directly have access to your assets and you can begin purchasing and trading. To buy Magnachain (MGC) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

To spot Magnachain (MGC), you'll need to insert the short name of the asset (MGC) into the search-box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we have highlighted this also. Click on “MGC/BTC” to go on.

Step 4 – Acquisition of Magnachain (MGC)

After you've located Magnachain (MGC), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we're going to create our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date rate Magnachain (MGC) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of MGC you wish to buy. The ”Total” field is the whole price in BTC that you will settle for the complete volumen of MGC.

If you are happy, click on “Buy MGC”. Your plan will be filled when a Seller trades their MGC for the price you introduced.

Step 5 – Withdraw Magnachain (MGC)

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extended period of time. In order to withdraw your Magnachain (MGC), go to the ”Funds” tab and click on “Withdraw”. Magnachain (MGC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Magnachain (MGC) by using the provided drop-down box. Drop in the quantity of Magnachain (MGC) you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

If you are happy, click “Submit”. You may be asked for phone/email verification ahead of a take off.