A Step-by-Step-Guide on how to buy Magnachain (MGC)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome 10$.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Magnachain (MGC) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find Magnachain (MGC) Once your deposit has been confirmed, you will now have access to your finances and you can begin invest and trading. To buy Magnachain (MGC) on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”. In order to find Magnachain (MGC), you will need to put the short name of the asset (MGC) into the search box, which is marked in the image. Be certain of having selected the right grouping, we have marked this too. Click on “MGC/BTC” to go on.
Step 4 – Buying Magnachain (MGC) After you've found Magnachain (MGC), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're creating our Limit Order. The field with the “Price” tag will be filled with the recent rate Magnachain (MGC) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of MGC you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of MGC. If you're glad, click on “Buy MGC”. Your plan will be filled as soon as a Vender trades their MGC for the price you introduced.
Step 5 – Withdraw (MGC) Magnachain Unless you're trading, best advise is not to keep crypto coins on an Exchange for an extensive time period. In order to take off your (MGC) Magnachain, hover over the tab called “Funds” and click on “Withdraw”. (MGC) Magnachain can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (MGC) Magnachain by using the provided drop-down box. Drop in the quantity of (MGC) Magnachain you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, click “Submit”. You could be asked for phone/email verification before a withdrawal.