A Step-by-Step-Guide on how to buy Magi (XMG) in Anguilla
Step 1 – Join Coinmama You will first need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Magi (XMG) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find Magi (XMG) Once your deposit has been verified, you will instantly have access to your assets and you can initiate purchasing and trading. To purchase Magi (XMG) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. To find Magi (XMG), you'll need to put the short name of the asset (XMG) into the search box, which is marked in the image. Be certain of having selected the correct grouping, we've marked this also. Click on “XMG/BTC” to go ahead.
Step 4 – Acquisition of Magi (XMG) As soon as you've spotted Magi (XMG), you will be given a Price Chart (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 most recent valuation Magi (XMG) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of XMG you want to buy. The field with the “Total” tag is the total price in BTC that you will pay for the complete amount of XMG. When you are happy, make a mouse click on “Buy XMG”. Your order will be filled as soon as a Seller sells their XMG for the price you introduced.
Step 5 – Withdraw Magi (XMG) Unless you are frequently trading, best advise is not to keep coins on an Crypto Exchange for an longer time period. In order to take off your Magi (XMG), hover over the tab called “Funds” and mouse click on “Withdraw”. Magi (XMG) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Magi (XMG) by using the provided drop-down box. Enter the amount of Magi (XMG) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you're satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.
Kudos! You have successfully bought and stored Magi (XMG) in Anguilla.That's it! Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Magi (XMG) is safe within your wallet, you are finished.
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