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 will first need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and getting your welcome 10 Dollar.

Coinbase Free Bitcoin

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Magnachain (MGC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

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

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

Step 3 – Locate Magnachain (MGC)

Once your deposit has been verified, you will directly have access to your finances and you can launch purchasing and trading. To buy Magnachain (MGC) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

In order to locate Magnachain (MGC), you will need to put the shortname of the coin (MGC) into the search-box, which is marked in the image. Be certain of having choosen the proper pairing, we have marked this also. Click on “MGC/BTC” to proceed.

Binance Hot To Buy Magnachain (MGC)
Binance How to Buy (MGC) Magnachain
Step 4 – Buy (MGC) Magnachain

Once you've spotted (MGC) Magnachain, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to make our own Limit Order.

The ”Price” field will be filled with the latest valuation (MGC) Magnachain was traded for. You can change this to your desired price. The ”Amount” field is the amount of MGC you want to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the whole amount of MGC.

If you're happy, click on “Buy MGC”. Your order will be filled when a Vendor trades their MGC for the price you introduced.

Step 5 – Withdraw (MGC) Magnachain

Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extended period of time. In order to take off your (MGC) Magnachain, go to the ”Funds” tab and mouse click on “Withdraw”. (MGC) Magnachain can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (MGC) Magnachain by using the provided drop-down box. Enter the amount of (MGC) Magnachain you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

When you're glad, click on “Submit”. You could be requested for email/phone verification before a take off.

Binance Withdraw

Congrats! You have successfully bought and safed Magnachain (MGC).

That's it!

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