A Step-by-Step-Guide on how to buy Magi (XMG)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Magi (XMG) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Magi (XMG) As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can initiate buying and trading. To purchase Magi (XMG) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to find Magi (XMG), you'll need to insert the cointype (XMG) into the search box, which is highlighted in the picture. Be certain of having selected the correct grouping, we have highlighted this too. Click on “XMG/BTC” to go ahead.
Step 4 – Buying (XMG) Magi Once you have found (XMG) Magi, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be filled with the up-to-date valuation (XMG) Magi was sold for. You can change this to your preferred price. The ”Amount” field is the volumen of XMG you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete volumen of XMG. If you are satisfied, make a mouse click on “Buy XMG”. Your order will be filled as soon as a Seller sells their XMG for the price you submitted.
Step 5 – Withdraw (XMG) Magi Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time frame. To withdraw your (XMG) Magi, go to the tab called “Funds” and click on “Withdraw”. (XMG) Magi can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMG) Magi by using the given drop-down box. Put into the volumen of (XMG) Magi you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you're satisfied, click “Submit”. You could be requested for verfication via email/phone ahead of a take off.